Palestine for Credit and development - FATEN was established in 1999 as a private non-profit company registered in the Palestinian Ministry of Economy and licensed by the Palestinian Monetary Authority (PMA) since May 2014. FATEN’s main focus group are women and its mission is to empower low-income Palestinians, using high quality, diverse financial and non-financial services
Our members
VITAS was established in 2014 and It is an extension of Riyada Credit and Financial Services, which established in 1995 as one of the most important programs of the International Community Foundation (formerly CHF International).it specializes in the field of housing loans and microenterprise development loans in the Palestinian territories.
UNRWA’s microfinance department provides income-generating opportunities for Palestine refugees, as well as other poor or marginal groups who live and work near them.
It extends credit and complementary financial services to small-business owners, microenterprise entrepreneurs, and households. These investments sustain and create jobs, reduce poverty, and empower our clients, particularly women.
ASALA; the Palestinian Company for Credit and Development has been actively providing loans to women since its establishment in 1997. ASALA targets impoverished and excluded Palestinian women in order to empower them and put them on a track that will lead to financial independence and stability.
Reef Finance seeks to integrate the Palestinian rural areas in the microfinance services in order to strengthen its developmental role through establishing the first Palestinian Rural Bank. Reef objectives is to Improve the living conditions of the Palestinian rural population, Participate in filling the financing gap in the rural areas, Elevate the level of financial services provided to the largest possible number of beneficiaries
The establishment of the Palestinian Banking Corporation Group dates back to 1986, when three institutions were founded: the Arab Development and Lending Corporation (ADCC), the Economic Development Group (EDG), and the Arab Technical Development Company (TDC). these institiutions came in response to the absence of banking services in Palestine due to the occupation’s closure of all Palestinian and Arab banks operating in Palestine in 1967, as well as to confront the general economic crisis, the significant decline in the work of the productive sectors and the sharp rise in poverty and unemployment rates.
In 2014 ACAD Finance (ACADF) Company has been founded by ACAD NGO, which has decades of experience in servicing the population in Palestine, served the Palestinian market since 1988. ACAD NGO covers the entire West Bank and Gaza Strip with loans. The institution has managed to evolve from an agricultural focused institution to a diversified microfinance institution (MFI) with additional non-financial programs
Al-Zaytouna Islamic Finance is the first specialized Islamic finance company licensed in Palestine by the competent authorities. It aims to grant funds in accordance with the provisions of Islamic "Share'a" in its various forms that meet the needs of the Palestinian society. The company started the incorporation procedures with the Companies Controller and the Monetary Authority in October of 2020. Through the contribution of the Foundation for the Management and Development of Orphan Funds and the Palestinian Pension Authority, with the aim of preserving and developing orphan funds by investing them according to Islamic financing formulas, and for the benefit of the Palestinian people.
