Global Halal, Islamic Finance News At Your Fingertips
Islamic fintech could reduce poverty and unemployment. It could reduce the scourges with the help of instruments such as easy payment and settlement solutions, remittances, person-to-person (P2P) lending, crowdfunding, and prudent investments. According to Islamic finance scholars, Islamic microfinance that is shariah-compliant could be used to mitigate poverty or reduce the unemployment rate all over …
How Islamic Fintech Can Reduce Poverty & Unemployment?Read More
Islamic finance has the potential to create a positive impact and help in addressing the devastating challenges facing global economies as a result of the Covid-19 pandemic. This was among the highlights of speeches and discussions during the 6th Islamic Finance Conference, jointly organized by Effat University, the Islamic Research and Training Institute (IRTI), and …
How Islamic Finance Can Tackle Global Challenges In The Post-COVID-19 Era?Read More
Blockchain technology is going to change everything”. This claim was made many times over the past several years in many different forms. And we are still waiting to see the change. Skeptics, like Jesse Fredrik, argue that blockchain is a solution in search of a problem. The technology is yet to prove itself and deliver …
In 2018, Malaysia accounted for only 1 percent of the global halal demand – proving there are substantial opportunities and room for improvement to develop a transparent and trusted halal hub in the country. Despite the projected increase in the global Muslim population to 30 percent by 2050, which is one of the driving factors …
Should Malaysia Use Blockchain Technology To Certify Halal Products?Read More
The Kingdom of Saudi Arabia, being the largest Islamic finance market globally in economies with dual financial systems (comprising both conventional and Islamic financial sectors) is poised to become a global leader in the Islamic financial services industry. This is one of the key messages that is conveyed by the first detailed analysis of Islamic …
Saudi Arabia Poised to Become a Global Leader in Islamic FinanceRead More
In conjunction with the G20 Summit being held in Saudi Arabia on 21-22 November 2020, the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group has launched the Kingdom of Saudi Arabia Islamic Finance Country Report. Under the theme “Islamic Finance in Saudi Arabia: Leading the Way to Vision 2030”, the …
IRTI Launches Saudi Arabia Islamic Finance Country ReportRead More
Why do you need to know the basics of Islamic finance as a Muslim? The answer to this question may surprise you. However, it is important for us to know at least the basics of Islamic finance as it plays an important role in a Muslim`s daily life. In today’s world, a basic understanding of …
Why Do You Need To Know The Basics Of Islamic Finance As A Muslim?Read More
The global Islamic finance industry is expected to contract this year as Sukuk issuance has dropped significantly due to the on-going COVID-19 pandemic, said Moody’s Investors Service VP senior credit officer Nitish Bhojnagarwala. “We only expect a modest decline in issuance from US$179 billion (RM737.48 billion) to US$170 billion which is 5% below the 2019 …
Pandemic Forces Global Sukuk Volume To Fall This YearRead More
Everyone seems to be talking about the pervasiveness of blockchain technology. It is claimed to be a revolutionary concept that has the ability to change our lives for the better. Proponents of technology promise to solve most, if not, all problems in every sector of our economic and social lives. Or, at least, they said …
Does Blockchain Technology Have Value for Islamic Finance?Read More
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 cryptocurrency as halal. Not long after the historical decision was made, announcing digital asset trading as legal under the Islamic Law, 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 Permissibility of Crypto Currency As HalalRead More
