Dubai Emerges as the Foremost Global Hub for Islamic Finance
According to the Islamic Finance Development Indicator (IFDI) Report of 2022, the global Islamic finance industry, valued at an estimated $4 trillion, …
Finance
Oman Witnesses 10% Surge in Islamic Banking Assets
Situated in the heart of the Middle East, Oman’s Islamic banks and windows have seen impressive growth, reflecting the resilience and dynamic …
Islamic Bank Group and Halal Company Sign MoU
In a significant development in Jeddah, Kingdom of Saudi Arabia, the Halal Products Development Company (HPDC) and the Islamic Development Bank (IsDB) …
EDB Spearheads Islamic Finance Development in Central Asia
The Eurasian Development Bank (EDB) has expressed its intention to serve as a key contributor to the evolution of Islamic finance in Central Asia. …
Bangladesh Assumes Role as Executive Director at Islamic Development Bank
In a significant development, Bangladesh has been elected as an Executive Director on the Board of the Islamic Development Bank (IsDB). The …
Abhi, a Pakistani Fintech, Launches Region’s First Sukuk
Abhi, a revolutionary fintech platform based in Pakistan, has made a significant breakthrough by issuing the region’s first-ever fintech Sukuk …
Halal Products Company Sponsors IsDB Private Sector Forum
The Halal Products Development Company (HPDC), backed by Saudi Arabia’s Public Investment Fund (PIF), will be a principal sponsor at this year’s …
Paymentology Empowers Nomo’s Shift to Cutting-Edge Financial Services
London – Paymentology, a global leader in issuer processing, announces a strategic alliance with Nomo Bank (Nomo), the world’s premier …
AAOIFI’s 21st Shari’ah Conference Concludes in Bahrain
Welcome to AAOIFI’s 21st Shari’ah Conference, a distinguished gathering of experts and scholars shaping the future of Islamic finance …
ADIB Named Primary Dealer for Federal Treasury Sukuk Program
Abu Dhabi Islamic Bank (ADIB), a prominent Islamic financial institution, has been designated as a primary dealer for the UAE’s Federal Treasury …
Abu Dhabi’s Mubadala Fund Divests 7.6% ADIB Stake, Transfers to National Holding
Abu Dhabi’s Mubadala Fund divestment of its stake in ADIB reflects a trend towards consolidation in the UAE’s financial sector, as …
Pushing For Unified GCC Payments System
A GCC-wide payment system requires collaboration among member countries. The proposed unified GCC payments system aims to facilitate cross-border …
How Has Technology Transformed the UAE Financial Services Industry?
The United Arab Emirates (UAE) has experienced rapid growth and diversification in its economy over the past few decades. One of the sectors that has …
What Is the Role of Waqf in Healthcare?
The role of waqf in healthcare is an important aspect of Islamic social finance, and it has been historically instrumental in the development and …
What Is Islamic Fintech?
Islamic Fintech, a rapidly emerging industry, is transforming the financial landscape by offering innovative, Shariah-compliant solutions to cater to …
Saving vs. Investing: How Do You Decide?
Embarking on the journey toward financial stability can often feel like venturing into a labyrinth, filled with twists, turns, and uncertainty. One of …
Tanzanian Firm Signs $4.23Bn Islamic Financing Deals in Zambia
Mayzuh, a Tanzanian Islamic finance firm, has signed agreements with five Zambian entities to facilitate projects worth $4.23 Bn. The agreements …
What Are the 5 Essentials to Halal Investing?
The world of investing can be complex and overwhelming, but for Muslims seeking to adhere to Islamic principles, it can seem even more challenging. …
Qatar’s Zakat Fund Gives QR33M to 660 Families in Ramadan
Doha: The Qatar’s Zakat Fund stands as a beacon of hope, compassion, and social welfare, dedicated to uplifting the lives of those in need. In …
Dutch Banks Accused of Discriminating Against Muslims
Dutch Muslims Face Increased Discrimination Due to Anti-Money Laundering Laws
Rabin Baldewsingh, the national coordinator against discrimination and …
ADIB’s 2022 SME Financing Hits Dhs1 Billion
Abu Dhabi Islamic Bank (ADIB), a premier Islamic financial institution, has proudly unveiled its second Environmental, Social, and Governance (ESG) …
IMF to Establish Islamic Finance Categories in SNA/BPM
The International Monetary Fund (IMF) plans to provide separate categories for Islamic finance in its next update to the System of National Accounts …
Al Rajhi Bank Secures $1bn Through Sustainable Islamic Bond Issuance
The senior unsecured US dollar-denominated sukuk carries a yield of 4.75% per annum, as reported in a Tadawul regulatory disclosure on Thursday. The …
Meezan Bank Surpasses $1.5 Billion in RDA Deposit Inflows
Karachi: Meezan Bank, Pakistan’s leading Islamic bank, has recently surpassed the milestone of $1.5 billion in deposit inflows under the Roshan …