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Search Results for: Islamic principles

Malaysian Islamic Banks Must Follow Maqasid Syariah Principles

Malaysian Islamic Banks Must Follow Maqasid Syariah Principles, said Anwar Ibrahim, former deputy prime minister of Malaysia. SEPANG (Nov 19): Malaysian Islamic banks must fulfill the principle of Maqasid Syariah in their operations to develop a vibrant banking system and save the economy, said …

How Can Islamic Social Finance Help The Needy?

In a world where 719 million people subsist on less than $2.15 a day, Islamic social finance emerges as a beacon of hope, rooted in 1,400 years of sharia-compliant principles. This sophisticated ecosystem—encompassing zakat (mandatory almsgiving), waqf (charitable endowments), qard hasan (benevolent …

Why Is Islamic Finance So Popular in the West?

Once considered a niche market, Islamic finance is now making waves across the West, attracting billions in investments and reshaping the global financial landscape—but what’s driving this surge in popularity? In recent years, Islamic finance has gained significant traction in the Western world. …

Why is Islamic Financial Literacy Important For You & Me?

Islamic financial literacy is the cornerstone of managing your finances in alignment with Islamic principles, empowering you to make informed, faith-based decisions. Picture yourself confidently navigating budgeting, investing, and financial planning while adhering to Sharia-compliant practices. …

How To Market & Advertise Islamic Financial Services?

In the heart of Dubai’s financial district, a quiet revolution is reshaping the global banking landscape. Islamic finance, once a niche offering, now commands over $4 trillion in assets, with projections of reaching $5 trillion by 2028. This isn’t just a trend—it’s a seismic shift, driven by a …

Islamic finance Market to Reach $7.7 Trillion by 2033 Globally

In a world where trust in financial systems is often shaky, Islamic finance stands out as a beacon of fairness and transparency. It’s a sector rooted in ethical principles, designed to serve not just Muslims but anyone who values integrity in money matters. By 2033, this market is projected to reach …

Madinah Hosts the 45th AlBaraka Islamic Economics Symposium

Imagine the intellectual energy when the brightest minds in Islamic finance converge in the sacred city of Madinah! Just recently, this spiritual hub welcomed global experts for the 45th AlBaraka Islamic Economics Symposium. Picture the Governor of Madinah himself kicking off this major two-day …

UAE Leads Global Islamic Finance After 50 Years

Ever wondered how one nation transformed itself into the nerve center of ethical finance? Buckle up, because for the past fifty years, the UAE has been quietly building a financial powerhouse rooted in Islamic principles. From the groundbreaking launch of Dubai Islamic Bank in ’75 to its …

Where Is All The Islamic Wealth Going?

Imagine a river of wealth—billions of dollars strong—flowing through the global economy, guided not by profit alone but by faith, fairness, and ethical principles. This is the world of Islamic finance, a $4 trillion industry that’s reshaping how money moves in Muslim-majority nations and beyond. …

Madinah Forum Will Discuss Islamic Finance Progress

Ever wondered where the future of ethical banking is being mapped out? Get ready, because all eyes in the Islamic finance world are turning to Madinah! This isn’t just another conference; it’s the 45th Madinah Forum, a landmark event under the patronage of Prince Salman bin Sultan. …

Why Islamic Banking is Thriving in Non-Muslim Countries

Picture this: a banking system that shuns exploitation, champions fairness, and delivers competitive returns—all while aligning with your values. Too good to be true? Not at all. This is Islamic banking, and it’s taking non-Muslim countries by storm. In 2024, the global Islamic finance market soared …

Macao Tourism to Target the Growing Islamic Travel Market

Macao, a captivating blend of East and West, is strategically targeting the global Islamic travel market, especially the affluent GCC nations. Macao Tourism aims to become a more Muslim-friendly destination, focusing on Halal food and adapted hotel facilities. This initiative seeks to attract a …

Abu Dhabi Islamic Bank Pioneers Fractional Sukuk Offering

Tired of feeling locked out of potentially stable investments? Abu Dhabi Islamic Bank (ADIB) is changing the game! They’ve launched “Smart Sukuk,” a clever platform that lets you invest in fractional sukuk (Islamic bonds) with surprisingly little capital. Forget needing a fortune – …

Madinah to Host the 45th AlBaraka Islamic Economics Symposium

Manama, Bahrain – The AlBaraka Islamic Economics Symposium, a globally recognized and highly influential forum dedicated to the advancement of Sharia-compliant finance and economics, is poised to convene its 45th edition. Al Baraka Group, a preeminent international Islamic financial institution with …

Understanding Islamic Banking’s Global Ascent and Growth Drivers

Ever wondered how banking can align with your faith? Picture this: the vibrant city of Islamabad during Ramadan. Instead of typical banking queues, people are lining up at Meezan Bank, Pakistan’s leading Islamic bank, not just to withdraw cash, but to embrace traditions as Eid approaches. Meet …

Islamic Development Bank Sukuk – $1.75bn First Issuance 2025

Ever wondered how Islamic finance helps build a better world? Get this: the Islamic Development Bank just launched its first big funding round for 2025, raising a whopping $1.75 billion through what’s called a sukuk! Think of it as an ethical way to invest. This move, announced just a couple …

Samba Bank Pakistan Plans Islamic Banking Transition

Big changes are brewing in Lahore’s (and Pakistan’s) banking world! Samba Bank, a familiar name backed by the Saudi National Bank, has just announced a significant move: they’re setting plans in motion to become a fully Islamic bank. This isn’t just a small tweak; it’s …