Global Halal, Islamic Finance News At Your Fingertips
eCommerce is booming all over the world. The on-going COVID-19 pandemic has made online businesses all the more ubiquitous among buyers. Millions of new customers have joined the bandwagon of eCommerce after the pandemic started early this year. Most eCommerce companies have been reporting massive increases in their sales revenues. Embedded finance has been playing …
What Is The Role Of Embedded Finance In The Growth Of Islamic Fintech?Read More
Abu Dhabi Islamic Bank (ADIB) has launched a virtual sales platform that allows customers to communicate with the bank remotely and apply for personal finance products, covered cards, takaful products, and other banking solutions from the comfort of their homes. This is the first-ever virtual sales platform offered by a financial institution in the UAE. …
ADIB Launches UAE`s First-Ever Virtual Sales PlatformRead More
Malaysian religious authorities announced the permissibility of crypto currency. Not long after the historical decision was made, announcing digital asset trading as legal under the Islamic Law, as many religious scholars in Malaysia say that crypto is a venture worth investing in. The Chairman of the Securities Commission of the Shariah Advisory Council, Dr. Mohd. …
Malaysia Announces Permissiblity of Crypto Currency As HalalRead More
Fintech, according to financial analysts, is a viable platform that can be leveraged to boost Islamic Finance in Nigeria. Mr. Muhammad Jidda, Head Shari’ah Audit and Product Development, SunTrust Bank Nigeria Limited, expressed the opinion in a recent conversation on developments around the non-interest finance market in the country. According to him, the pathway is …
Fintech Can Promote Islamic Finance In Nigeria, JiddaRead More
The top global credit rating agency, Moody`s has assigned top ratings for Saudi Arabia’s domestic Sukuk issuance program. In its latest report, Moody’s assigned an AAA rating to the Riyal-denominated Islamic bond program. Commenting on the development, Saudi Finance Minister Mohammed Al-Jadaan said: “The rating reflects the strength of the Kingdom’s economy and its ability …
Moody`s Assigns Top Ratings For Saudi Government SukukRead More
Islamic Corporation for the Development of the Private Sector (ICD) Completes Pricing for a 5-Year USD 600 Million Sukuk Issuance This is the largest Sukuk issuance by ICD (Rated A2 (stable) by Moody’s; A (negative) by Fitch Ratings) since inception JEDDAH, Kingdom of Saudi Arabia, October 8, 2020,/ — The Islamic Corporation for the Development …
ICD Completes Pricing for a 5-Year US$ 600 Million Sukuk IssuanceRead More
The roll-out of shariah-based digital financial products will deepen Islamic Finance in Nigeria. Mr. Fahad Siddiqui, Co-Founder and Chief Operating Officer of TAIF Digital Institute for Islamic Finance in Toronto Canada gave this opinion as a guest on WebTV’s Islamic Finance Weekly program. According to him, there has been a lot of discussion in Nigeria …
Islamic Fintech Playing An Important Role In AfricaRead More
Recently, K-Electric, the main electricity supplier in Karachi, Pakistan issued Sukuk (Islamic bonds) to finance its increasing demand for electricity for the megacity. The following article originally published on www.samaa.tv discusses its profit-sharing initiative in detail. You can buy K-Electric’s Islamic bond (Sukuk) with a minimum investment of Rs5,000 and earn a tentative profit of …
Islamic Banks all over the world have been adopting financial technologies to streamline their business operations. This was stated by a panel of experts during an online seminar conducted by the first Virtual InFocus Session organized by Bahrain-based General Council for Islamic Banks and Financial Institutions (Cibafi), a global umbrella of Islamic financial institutions. Successfully …
Fintech Playing A Crucial Role In The Growth Of Islamic Banking IndustryRead More
The Maldives plans to issue Sukuk to help restart its tourism-focused economy affected by the COVID-19 pandemic. The small island nation of the Maldives in the Indian Ocean is returning to the international Sukuk market amid budget troubles caused by the coronavirus. President Ibrahim Mohamed Solih at a press conference in Malé, the capital, on …
Maldives To Issue Sukuk To Help Restart Its EconomyRead More
Nasdaq Dubai welcomed the listing on Tuesday of a $300 million Sukuk issued by Dubai Islamic Bank (DIB). The issuance was a tap on a one billion US dollar Sukuk that was listed on Nasdaq Dubai on June 16th, 2020. DIB earmarked the funds raised to support its customers and the business community as economies …
To allure investors from the Islamic financial world, Uzbekistan is eyeing a green debt sale that would be marketed as a Sukuk. Atabek Nazirov, director of Uzbekistan’s Capital Markets Development Agency, discussed the planned debt issuance with Bloomberg in a recent interview. Uzbekistan sold its first international bond last year. The $1bn debut sovereign bond, …
Uzbekistan To Issue Green Sukuk To Strengthen Its Financial MarketsRead More
