Company Information

Get to know AL RAHMA MICROFINANCE ISLAMIQUE S.A

Founded in 2013 and officially approved in 2014 by the Senegalese Ministry of Economy and Finance, AL RAHMA is the first Islamic microfinance institution in Senegal. Its mission is to combat poverty and promote sustainable development by offering inclusive and innovative Islamic financial products and services. The company adheres strictly to the principles of Sharia, providing ethical financing (like Mourabaha and Ijara) and savings solutions to individuals, small businesses, and entrepreneurs who are often excluded from the traditional banking system.

Industry

Financial BankingPRIMARY
Financial Other Service

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AL RAHMA MICROFINANCE ISLAMIQUE S.A

Senegal

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.