The Islamic Model Microfinance Company

What The Islamic Model Microfinance Company does

The Islamic Model Microfinance Company is a private shareholding non-profit financial institution established in 2013 in Amman, Jordan, operating as the investment arm of the Jordanian Hashemite Fund for Human Development and under the regulatory supervision of the Central Bank of Jordan. The company provides Sharia-compliant microfinance exclusively through murabaha-style (cost-plus markup) instruments rather than interest-bearing loans, serving three primary customer groups across Jordan: salaried/retired individuals (JOD 200–9,000 for health, vehicle, home development, personal needs, and energy/alternative-energy purchases), licensed small and micro business owners (JOD 1,000–20,000 for expansion, equipment, and working capital), and home-project entrepreneurs (JOD 200–3,000 for production tools, livestock, and raw materials). Its portfolio of 13 distinct financing products, all supervised by a dedicated Sharia Supervisory Board, targets Jordanian residents aged 21–65, with repayment terms of 6 to 48 months and a 2–5 day application-to-disbursement timeline.

The company distributes its products through a network of 10 physical branches covering most Jordanian governorates (including Zarqa and Tabbour as recent additions), supplemented by an online financing calculator and electronic application form, and accepts repayments through branches, the e-fawateercom service, electronic wallets, exchange offices, and partner banks. Revenue is generated through murabaha markups of 0.5% to 1.84% monthly, with no guarantor requirement for most products, and as a non-profit entity returns are reinvested into expanding beneficiary reach rather than distributed to shareholders. The company cites 4,000+ beneficiaries served across more than 13 years of operation, with marketing primarily via word-of-mouth, social media (Facebook, Instagram, LinkedIn, YouTube), community financial literacy programs, and event participation. Customers are segmented horizontally by use-case (consumption vs. productive) and lifecycle stage (nascent vs. established), with no disclosed AI, proprietary technology differentiation, or digital lending infrastructure beyond basic web tools.

Name

The Islamic Model Microfinance Company

Legal name

The Islamic Model Microfinance Company (الشركة النموذجية الإسلامية للتمويل الأصغر)

Website

https://mifm.org.jo

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

The Islamic Model Microfinance Company is a Jordanian non-profit microfinance institution founded in 2013 that offers Sharia-compliant murabaha financing of JOD 200 to JOD 20,000 to individuals, small/micro business owners, and home-project entrepreneurs across 10 branches, regulated by the Central Bank of Jordan.

Ownership category

akta.pro rank

Product category

Islamic Microfinance

NAICS

Depository Credit Intermediation (5221)

SIC

Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)

Keywords

• Islamic microfinance
• Sharia-compliant financing
• Micro enterprise lending
• Small business financing
• Consumer microcredit

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Islamic Microfinance Revenue: As a non-profit joint stock company, the company generates returns through Sharia-compliant financing arrangements (murabaha and similar instruments). Returns are reinvested into serving more beneficiaries rather than distributed as profit to shareholders.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

The Islamic Model Microfinance Company provides Sharia-compliant microfinance to individuals, small/micro business owners, and home-based project entrepreneurs in Jordan. Its offering spans individual financing (health, vehicle, home development, personal needs, energy), business owner financing (business, workshop, clinic, farm), and home project financing, with limits ranging from JOD 200 to JOD 20,000 and repayment periods up to 48 months. All products are structured under Islamic murabaha instruments supervised by a dedicated Sharia Supervisory Board.

Product overview

The Islamic Model Microfinance Company offers a comprehensive portfolio of Sharia-compliant microfinance products designed for individuals, entrepreneurs, and small/micro-businesses in Jordan. The company's offerings are organized into three main categories: Individual Financing (including health, car, home development, personal needs, and energy products), Business Owner Financing (including business expansion, workshop, clinic, and farm financing), and Home Projects Financing. The company serves customers aged 21-65 with financing amounts ranging from 200 to 20,000 Jordanian dinars, with repayment periods up to 48 months. All products comply with Islamic Sharia principles and are supervised by a dedicated Sharia Supervisory Board.

Differentiator

Problem solved

Functional benefit

Products and services

• Individual Financing (تمويل الأفراد) Sharia-compliant financing category for individuals with fixed income (salaried employees and retirees) or for individual business owners, including sub-products for health, vehicle, home development, personal needs, and energy purchases in Jordan. Financing amounts range from JOD 200 to JOD 9,000 with repayment periods up to 48 months under murabaha markup rates of 0.5%–1.84% monthly.
• Business Owner Financing (تمويل أصحاب المشاريع) Sharia-compliant financing category for licensed and established small/micro business owners in Jordan to expand operations, purchase machinery and equipment, finance vehicles for production use, and fund working capital. Sub-products include business financing (JOD 1,000–20,000), workshop financing (JOD 200–3,000), clinic financing (JOD 200–8,000), and farm financing (JOD 200–3,000) under murabaha markup rates of 0.5%–1.84% monthly.
• Home Projects Financing (تمويل المشاريع المنزلية) Sharia-compliant financing for owners of existing home-based and micro enterprises operating from residential properties in Jordan. Funding covers production tools, equipment, livestock, raw materials, and working capital, with financing amounts from JOD 200 to JOD 3,000 and repayment periods up to 48 months.
• Health Financing (صحتي) Sharia-compliant financing from JOD 200 to JOD 5,000 for purchasing health supplies for individuals aged 21–65 in Jordan with fixed income or active business owners, for consumption-purpose health expenditure.
• Car Financing (سيارتي) Sharia-compliant vehicle financing from JOD 500 to JOD 9,000, with a required down payment, for personal-use vehicles or production vehicles used in businesses, available to individuals aged 21–65 in Jordan.
• Home Development Financing (تطوير المنزل) Sharia-compliant financing from JOD 200 to JOD 4,000 for purchasing building materials and supplies needed to develop homes, available to individuals aged 21–65 in Jordan with fixed income (salaries) or variable income (active or home-business owners).
• Personal Needs Financing (احتياجاتي) Sharia-compliant financing from JOD 200 to JOD 3,000 for purchasing consumer goods such as electrical appliances, furniture, and car parts for individuals aged 21–65 in Jordan with fixed or variable income from existing businesses.
• Energy Financing (طاقتي) Sharia-compliant financing from JOD 500 to JOD 5,000 for purchasing alternative energy units and solar heaters used either for household consumption or production purposes.
• Business Financing (أعمالي) Sharia-compliant financing from JOD 1,000 to JOD 20,000 for licensed business owners in Jordan to expand operations, purchase machinery and equipment, and fund working capital under murabaha markup rates of 0.5%–1.84% monthly.
• Workshop Financing (ورشتي) Sharia-compliant financing from JOD 200 to JOD 3,000 for free professions and workshops operating in industrial areas in Jordan.
• Launch Development Financing (تطوير انطلاقتي) Sharia-compliant financing from JOD 200 to JOD 10,000 for licensed businesses in Jordan that have been operating for less than one year, covering fixed assets, machinery, equipment, and working capital needs of nascent entrepreneurs.
• Clinic Financing (عيادتي) Sharia-compliant financing from JOD 200 to JOD 8,000 for medical clinic needs, supplies, expansion, development, and continuity of clinic businesses in Jordan.
• Farm Financing (مزرعتي) Sharia-compliant financing from JOD 200 to JOD 3,000 for individuals in Jordan working in agriculture and livestock, supporting their farming operations.
• My Home Project Financing (مشروعي المنزلي) Sharia-compliant financing from JOD 200 to JOD 3,000 for home-based project owners in Jordan to develop their existing home-based businesses through tools, equipment, livestock, and raw materials.

Quantifiable outcome

• Over 4,000 beneficiaries served across Jordan
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Jordan Islamic Bank: Jordan's oldest and largest Islamic bank offering full Sharia-compliant retail, SME, and corporate banking; overlaps with MIFM on Islamic retail/SME financing but at materially larger ticket sizes and broader scope.
• Cairo Amman Bank - Islamic Banking Window: Jordanian bank operating an Islamic banking window offering Sharia-compliant retail and SME financing; broader incumbent competing for the same Jordanian Islamic-finance demand pool as MIFM.

Direct peers

• Tamweelcom: One of Jordan's largest licensed MFIs offering micro-loans to individuals and small businesses across the country; highly comparable in scale, distribution model, and target customer.
• FINCA Jordan: Jordanian subsidiary of FINCA International operating group and individual micro-loans; directly comparable in target segment and product mix, though focused on group lending rather than Murabaha.
• Microfund for Women: Jordan-based MFI specializing in lending to low-income women entrepreneurs via group-guarantee methodology; directly competes with MIFM for the same micro-borrower segment in Jordan.

Emerging players

• Akhuwat Foundation: World's largest Islamic microfinance institution offering Qard al-Hasan interest-free loans to low-income borrowers in Pakistan; comparable Sharia-compliant MFI model at far larger scale.
• Al Majmoua: Lebanese MFI providing micro-loans to low-income entrepreneurs via group-guarantee; comparable to MIFM in target segment and product design, serves as a regional benchmark for MENA microfinance economics.

Others

• Al-Amal Microfinance Bank (Yemen) / Al Amal Bank: Islamic microfinance bank serving low-income borrowers in Yemen; thematically comparable Islamic MFI model operating in a fragile-market environment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCmTk2BJ5_mYFEp0-2dg6o4Q
• Facebookfacebook.com/MIFM.ORG.JO
• LinkedInlinkedin.com/company/ideal-islamic-for-microfinance-company
• Instagraminstagram.com/mifm.org.jo
• Xx.com/Mifmjo

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Islamic Model Microfinance Company