Islamic Banking Pilot Approved by Russian Lawmakers
The Russian parliament has given the green light to a two-year pilot program that will introduce Islamic banking in four regions of the country, …
Finance
Understanding Islamic Coin: Sharia-Compliant Cryptocurrency Explained
Islamic Coin (ISLM), a digital currency designed in accordance with Sharia principles, is set to launch on September 1, 2023, with an ambitious …
Is It Halal To Work in A Conventional Bank?
I remember a close friend of mine, Sultan Ahmed, who faced a tough decision not too long ago. He had just landed a job offer at a well-known bank, …
ISR-Based Framework: A Leap for Islamic Banking in Bangladesh
Islamic banking has seen impressive growth over the last four decades, becoming a well-established component of the banking industry in Bangladesh. …
Saudi’s Almarai Stirs Gulf Debt Market with $750M Sukuk Sale
DUBAI—Saudi Arabia’s leading food and beverage enterprise, Almarai, has unveiled plans to secure $750 million through the issuance of 10-year …
Pakistan’s Summit Bank Rebrands Itself As Bank Makramah
Summit Bank Limited has announced a significant milestone in its ongoing evolution: the State Bank of Pakistan has given its official consent for a …
Pakistan’s Islamic Banking Aims for Riba-Free 2027
KARACHI — The increasing footprint of Islamic banking in Pakistan attests to a growing preference for Islamic principles among both individual …
Maybank Group Pioneers Global Islamic Banking with Hubs in Singapore and Dubai
SINGAPORE: Maybank Group, the Malaysian multinational banking and financial services corporation, unveiled a comprehensive strategic initiative, M25+, …
Ahli Islamic Extends 1% Hiba Benefit on New Qitaf Bank Deposits
Muscat: Dedicated to elevating its customers’ banking experience with enriching and rewarding financial solutions, ahli Islamic is extending its …
Qatar’s Islamic Finance Sector Surges with Record Growth in 2022
Doha, Qatar—Bait Al-Mashura Finance Consultations (BAM) has published its annual report on Islamic Finance in Qatar, providing a comprehensive …
Gulf Islamic Investments Expands Operations in Saudi Arabia
Dubai-based asset manager Gulf Islamic Investments (GII) has announced a major expansion of its operations in Saudi Arabia. The company has acquired a …
Dubai Islamic Bank Chooses IBM Consulting for Data Transformation
Dubai Islamic Bank (DIB) has made a strategic decision by partnering with IBM Consulting to accelerate its data transformation journey. This …
Indonesia Raises $400mln From Islamic Debt Auction
JAKARTA – The Indonesian government successfully raised 6 trillion rupiahs ($400.40 million) from an Islamic debt auction held on Tuesday, …
Qardus, An Ethical and Sharia-Compliant Financing Platform, Raises £318,837 via Seedrs
Qardus, an ethical and Sharia-compliant financing platform catering to social impact SMEs and investors, has successfully raised £318,837 through its …
Islamic Coin Secures Major Funding Boost From ABO Digital
Islamic Coin, the leading Shariah-compliant cryptocurrency, has once again made headlines by securing an impressive $200 million investment from ABO …
Uganda Passes Bill To Kickstart Islamic Banking
Uganda‘s journey towards embracing Islamic banking took a significant stride forward as the Income Tax Amendment Bill No.2 of 2023 was …
Hong Leong Islamic Bank Supports PIHEC 2023 Halal Expansion
Hong Leong Islamic Bank (“HLISB” or “The Bank”) participated in the Penang International Halal Expo & Conference 2023 …
RHB Introduces Shariah-Compliant Sustainable Tech Fund
Welcome to the world of technology-driven investments that align with your Islamic values—the Shariah-Compliant Tech Fund. RHB Banking Group’s …
Australia’s First Islamic Bank Gains $10M Hejaz Group Investment
Islamic Bank Australia, the nation’s inaugural Islamic bank, has secured a strategic partnership and $10m investment from Hejaz Group, a leading …
More UK Muslims Turn to Zakat Amid Living Cost Surge
Welcome to More UK Muslims, a vibrant community dedicated to empowering and connecting Muslims across the United Kingdom. As the United …
Egypt’s Agel Secures Pre-Seed Funding for Its Shariah-Compliant Fintech Platform
In a significant move for Islamic fintech, Egyptian startup Agel has secured a substantial seven-figure pre-seed funding round. The influx of funds …
Al Salam Bank Amplifies Algerian Footprint with Stake Increase in ASBA
Al Salam Bank, the Bahrain-based Islamic bank, has announced the acquisition of a majority stake in Al Salam Bank Algeria (ASBA), thereby increasing …
Singapore to Emerge as International Hub for Offshore Islamic Wealth by 2028
Welcome to the International Hub for Offshore Islamic Wealth, where individuals and businesses find a gateway to exceptional opportunities in …
Islamic Coin Revolutionizing Finance with Sharia-Compliant Crypto
Enter the fascinating world of Sharia-Compliant Crypto, where cutting-edge blockchain technology converges with the principles of Islamic finance, …