The Halal Times
Global Halal, Islamic Finance News At Your Fingertips
Buy Now Pay Later (BNPL) programs have seen tremendous growth globally. Despite growing concerns about stoking consumer debt, BNPL services fulfill a major consumer need and provide a financial alternative that is both simple and effective. We believe there are significant opportunities for BNPL within an Islamic Finance context. BNPL is vital for the Muslim …
Alliance Islamic Bank Berhad (“Alliance Islamic Bank”) today signed a Memorandum of Understanding (“MoU”) with eJazmine, Fusionex, and the International Institute for Halal Research (INHART) to further strengthen its Halal in One program for businesses. The expanded strategic partnership will make available more digitization options and training programs and an additional e-commerce platform. “Today, the …
The total value of the bank’s Sukuk listed on Nasdaq Dubai currently stands at $17.14bn Islamic Development Bank (IsDB) in Jeddah has listed a $2.5bn green Sukuk on Nasdaq Dubai. It is the second AAA-rated Sukuk issuance under the Sustainable Finance Framework of IsDB and is the bank’s biggest US dollar public issuance to date. …
Derived from the Arabic word Caiz, Caizcoin is an Islamic Blockchain platform that provides money transfer services. With a vision to create financial freedom for every individual, Caizcoin offers creative financial solutions. The company facilitates participation in the modern financial world for every person while complying with Islamic values. What is Caizcoin? Caizcoin is a …
22 FinTechs selected to take part in Wave 2 of the Incubator and Accelerator Programs to run from March until June 2021. The Qatar FinTech Hub programs are backed by Qatar’s financial ecosystem and developed by Qatar Development Bank in collaboration with a host of partners and stakeholders Doha, Qatar – 30 March 2021: Qatar …
Mambu, the newly-minted fintech unicorn, today announced the highly anticipated launch of the Sharia-compliant version of its cloud-native SaaS banking and lending platform. The solution caters to the needs of Islamic banks and lenders, becoming the first cloud-native SaaS platform to comply with the tenets of Islamic banking. It was made available to customers from …
Do you care enough about your belief system? Do you give importance to environmental, social, and governance issues while making any investment decisions? Is there any role of values-based investing in Islamic finance? Well, a lot of people now are investing in funds that create compelling value for the common good of the communities they …
The recent consolidation initiative of the Islamic banks in Qatar is likely to increase their overall capitalization and funding capacity, thus providing more avenues for innovation and supporting Islamic fintechs, according to experts. Moreover, the rise of global fintech hubs has brought accelerators and incubators to the fore, thus making Qatar Fintech Hub (QFTH) well …
Although every Muslim seems to know what Zakat is, very few of them have a detailed understanding of this all-important concept. Zakat, a form of religious obligation or tax that every Muslim should give to the poor and the needy provided that he or she has the means to do so. Zakat, being one of …
Dubai Islamic Bank Pakistan Limited (DIBPL), World’s First Islamic Bank, announced the launch of its Roshan Digital Account platform, built-in collaboration with leading Global Open API Banking Solution provider Codebase Technologies, to drive frictionless digital onboarding and seamless overseas banking and investing for non-resident Pakistanis. Given the difficulties faced by Non- Resident Pakistanis, Roshan Digital …
Turkey is likely to become an attractive center for interest-free Islamic finance after a new economic reform package was unveiled, according to an Istanbul University professor. Servet Bayindir, who is also a member of Turkey’s Presidential Economic Policies Board, told Anadolu Agency that Turkey is in a more advantageous position than Malaysia or the UK, …
Malaysia continues to lead the rankings in Islamic economy and finance by the Global Islamic Economy Indicator (GIEI) for the eighth consecutive year. According to the Global Islamic Economy report in 2020, the Islamic FinTech and economy sectors of Malaysia continue to flourish aided by governmental support and Malaysia Digital Economy Corporation (MDEC)’s a continuous …
