Noor Takaful Surplus Payouts Set to Pass N1.3 Billion in Nigeria
Noor Takaful Insurance Limited and Noor Health Ltd will host the 2026 Surplus Distribution Ceremony in Lagos on Tuesday, August 11, 2026, according to …
Finance
Indonesia’s Islamic Finance Assets Hit Record Rp3,131 Trillion in 2025
Indonesia’s Islamic finance assets grew 8.56% year-on-year to a record Rp3,131.02 trillion in 2025, according to the Financial Services …
Crown Takaful Approves N100.9 Million Surplus Payout in Nigeria
Crown Takaful Insurance Limited has approved a N100.9 million surplus payout to participants in its first year of operations, according to Leadership. …
MNRB to Sell Takaful Ikhlas to Bank Rakyat for RM1.64 Billion
MNRB Holdings Bhd has agreed to sell its two direct takaful subsidiaries, Takaful Ikhlas Family Bhd and Takaful Ikhlas General Bhd, to Bank Kerjasama …
Largest Islamic Banks in the World 2026 — Ranked
Quick answer: Islamic banking assets have grown into a roughly $2.7 trillion global industry, concentrated in a surprisingly small cluster of …
Maybank to Buy Ageas’s Remaining Stake in Etiqa’s Holding Company
Maybank has agreed to buy Ageas Insurance International NV’s 30.95% stake in Maybank Ageas Holdings Berhad (MAHB) for RM4.83 billion, adding to …
Best Halal Robo-Advisors 2026: Wahed vs. Sarwa vs. Vault22
Quick answer: While the global robo-advisory industry races toward a market valued in the tens of billions of dollars, a smaller, less-covered story …
ADB Backs Sime Darby Property’s Data Centre Green Sukuk in Malaysia
The Asian Development Bank is putting RM300 million into a sukuk wakalah that will help finance data centre development in Malaysia, a transaction ADB …
Sukuk vs. Conventional Bonds in 2026: A Practitioner’s Comparison
Quick answer: Sukuk and conventional bonds now compete on genuinely comparable terms for size, liquidity, and institutional acceptance — the global …
Islamic Wealth Management for Muslim Diaspora Families
Quick answer: Trillions of dollars are moving from immigrant-generation Muslim parents to Western-raised children in what wealth researchers call the …
Benghazi Launches First Investment Sukuk Package for Private Sector
BENGHAZI – The first package of investment sukuk designated for Libya’s private sector was launched on July 25 at the Benghazi Chamber of …
MBSB Bank Taps Zurich for Three New General Takaful Products
MBSB Bank has signed a bancatakaful partnership with Zurich General Takaful Malaysia Berhad to distribute three new general, or non-life, takaful …
Lagenda Unit Lodges RM1.5 Billion Sukuk Wakalah for Affordable Housing
Lagenda Properties Bhd’s wholly owned subsidiary, Lagenda Capital Bhd, has lodged a Sukuk Wakalah programme worth up to RM1.5 billion with the …
The Islamic Fintech Gap: Why Digital-First Muslim Banking Hasn’t Scaled Outside the Gulf
Quick answer: Islamic fintech is a genuinely large and fast-growing global industry — 484 companies, $198 billion in transaction volume, heading …
Saudi Islamic Banks Now Hold 76% of Sector Assets, S&P Finds
Islamic banks now account for roughly 76% of Saudi Arabia’s banking sector assets, making the kingdom home to one of the largest Islamic banking …
Uzbekistan Finalizes Islamic Banking Licensing Rules for Banks
Uzbekistan’s Central Bank has finalized the licensing rules that will govern the country’s new Islamic banking sector. The Ministry of …
Riyad Bank Opens Retail-Accessible AT1 Sukuk Subscription
Riyad Bank, one of Saudi Arabia’s largest banks, opened a public subscription on July 21, 2026, for Saudi riyal-denominated Additional Tier 1 …
Nigeria’s Non-Interest Finance Industry Closes 2025 at N5.77 Trillion
Nigeria’s non-interest finance industry closed 2025 at N5.77 trillion, fifteen years after Jaiz Bank received the country’s first full …
Oman Air Names Takaful Oman Its Travel Insurance Provider
Oman Air named Takaful Oman Insurance SAOG its local travel insurance provider on July 15, 2026, embedding Sharia-compliant travel insurance directly …
Oman’s Islamic Banking Assets Hit OMR9.8 Billion in 2026
Oman’s Islamic banking sector has grown to OMR9.8 billion in total assets, according to the latest Central Bank of Oman figures reported by …
Inside the Sharia-Compliant Fund Boom: Where Institutional Money Is Actually Flowing
Quick answer: Islamic finance has quietly become a $5 trillion asset class, and in 2026 the money moving into it looks less like a niche religious …
Bank Nizwa Proposes Alizz Islamic Bank Merger in Oman Deal
Bank Nizwa has proposed to acquire the entire issued share capital of Alizz Islamic Bank from Oman Arab Bank, at an indicative valuation of 1.2 times …
Why Islamic Mortgages Still Struggle for Mainstream Adoption in the UK — And What’s Changing in 2026
Quick answer: Islamic mortgages (Home Purchase Plans, or HPPs) remain a niche product in the UK — fewer than 20 providers serve an estimated 3.9 …
Uzbekistan’s Central Bank Sets Up Islamic Finance Council as Rules Take Shape
The Central Bank of Uzbekistan has established an Islamic Finance Council, a collegial body tasked with coordinating the development of Islamic …