BML Islamic Introduces First-Ever Shari’ah-Compliant Credit Card
BML Islamic (the Islamic banking window of the Bank of Maldives) has introduced the first-ever Shari’ah-compliant credit card in the Maldives, …
Finance
Aeon Bank Officially Launches Malaysia’s First Islamic Digital Bank
Aeon Bank (M) Bhd has officially launched Malaysia’s first Islamic digital bank, marking a significant milestone in the country’s banking sector. The …
Which Halal Investment Platform Has the Lowest Fees?
Investing in a manner consistent with Islamic principles is a growing priority for many Muslims worldwide. With the increasing demand for halal …
Zakat Authority in Hodeida Launches Code of Conduct Training Program
A pivotal training program focusing on the Code of Conduct was recently launched for the Zakat Bureau staff in Hodeida, aiming to strengthen ethical …
Faisal Islamic Bank’s Business Volume Up 31% YoY in April
Amidst a rapidly evolving financial landscape, Faisal Islamic Bank of Egypt (FAIT) stands out with a remarkable year-on-year growth, underscoring its …
Zurich Takaful and AEON Bank Unite to Advance Inclusive Islamic Finance
In a significant move to advance financial inclusion in Malaysia, Zurich Takaful Malaysia has announced a strategic partnership with AEON Bank (M) …
Istanbul Hosts Inaugural AlBaraka Summit Focused on Islamic Finance
Istanbul is rapidly positioning itself as a significant hub for Islamic finance, drawing global attention with the upcoming 1st AlBaraka Summit. This …
Sharjah Islamic Bank Joins Haifin to Boost Fraud Prevention and Digital Transformation
In an ambitious move to bolster fraud prevention and accelerate digital transformation within the banking sector, Sharjah Islamic Bank (SIB) has …
Bank Nizwa Collaborates with Endowment Institutions to Boost Waqf Projects
Muscat: In a strategic move to bolster the Islamic financial sector in Oman, Bank Nizwa, the leading Islamic bank in the Sultanate, has formalized …
ICB Islamic Bank Faces Challenges in Repaying Depositors
ICB Islamic Bank, which emerged from the collapse of Oriental Bank in 2008, is currently grappling with a severe liquidity crisis that has left it …
ICD and JSC Ziraat Bank Collaborate to Boost Uzbekistan’s Private Sector
At the 3rd Tashkent Investment Forum, the Islamic Corporation for the Development of the Private Sector (ICD) and JSC Ziraat Bank Uzbekistan took a …
HAQQ Network Advances Islamic Web3 with Gold Token and Real-World Assets
HAQQ Network Expanding Islamic Web3 Initiative With Gold Token and RWA” has taken a significant leap forward with the launch of its Gold Token …
The Expat’s Roadmap to Real Estate Investments in the UAE
The United Arab Emirates (UAE) has emerged as a prime destination for expatriates seeking prosperous opportunities in various sectors, particularly …
Which are the Best Islamic Banks of 2024?
In the transformative landscape of global banking, Best Islamic Financial Institutions 2024 have notably outpaced their conventional counterparts in …
Afghanistan and Iran Officials Talk Economic Ties and Support for Returning Refugees
KABUL – In a significant diplomatic engagement, Qari Deen Mohammad Hanif, the Acting Minister of Economy of the Islamic Emirate, held vital …
BI Partners with MUI to Enhance Digitalization in the Sharia Financial Sector
(JAKARTA –In a strategic move to bolster the Islamic finance sector, Bank Indonesia (BI) has announced a robust partnership with the Indonesian …
Indonesia’s Modest Fashion Takes Center Stage at Kuala Lumpur’s IN2MF
In the bustling city of Kuala Lumpur, the latest edition of the Indonesia International Modest Fashion Festival (IN2MF), held on May 4, 2024, has made …
Shahjalal Islami Bank Inks MoU with Islamic Corporation for Private Sector Development
In a significant stride towards advancing Islamic finance, Shahjalal Islami Bank PLC has recently achieved a notable feat by formalizing a Memorandum …
Top 4 Islamic Banks Providing Digital Banking Solutions in the UK
Islamic banking, or Sharia-compliant banking, is revolutionizing the UK’s ethical finance sector by strictly adhering to Islamic principles. The …
Najman Isa Named CEO of RHB Islamic International Asset Management
RHB Islamic International Asset Management Bhd (RHBIIAM) has announced the appointment of Mohd Najman Md Isa as its new Chief Executive Officer (CEO) …
Ajman Bank Appoints Hodges as New Group Treasurer
Ajman Bank, a frontrunner in Islamic banking within the UAE, recently announced the appointment of seasoned financial expert Adrian P.L. Hodges as its …
Amana’s Strategic Overhaul Skyrockets MENA Trading Volumes by 190%
Dubai —In a bold move to transform the financial landscape of the Middle East and North Africa (MENA), Amana, a leading Dubai-based broker, introduced …
Are Prize Bonds Halal?
Imagine you’re sitting with a group of friends, and the topic of investing comes up. Someone mentions prize bonds—a popular choice for those …
What is Microtakaful and How Does It Work?
In recent years, the concept of microtakaful has emerged as a significant development in Islamic finance, offering a Shariah-compliant insurance …