Islamic Finance Demand Surging in Central Asia, Says Oleg Ganeev from Sberbank
Last year, Sberbank launched its inaugural partner financing office in Tatarstan. As one of Russia’s premier financial institutions, Sberbank …
Finance
Court Orders Pak Government To Abolish Interest By 2027
Federal Shariat Court (FSC) of Pakistan Issues Directive to Abolish Interest from Nation’s Financial System by 2027
Delve into the …
How Does the Zakat System Work in the Middle East?
Zakat, one of the Five Pillars of Islam, is a form of obligatory almsgiving that plays a crucial role in the economic and social life of Muslims. In …
Ishaq Dar Emphasizes Islamic Finance’s Role in Alleviating Poverty Challenges
Ishaq Dar, former finance minister of Pakistan, emphasized the role of Islamic finance in alleviating poverty challenges during a recent webinar. He …
ADIB Becomes First UAE Bank to Offer Instant SME Account Opening
Abu Dhabi Islamic Bank (ADIB) has become the first bank in the UAE to offer small and medium-sized enterprises (SMEs) convenient remote account …
Ten Halal Ways to Improve & Increase Your Personal Savings Habits All Year Round
It will be simple to achieve excellent financial stability if you consistently set aside a specific percentage of your income every month. Whether …
Islamic Development Bank & Settlemint Collaborate for Blockchain Price Stability
Today, a profound revelation in the world of financial technology comes to the forefront. Settlemint, an enterprise blockchain developer with a solid …
The Importance of Budgeting in Islamic Personal Finance
Brief Overview of Islamic Personal Finance
Islamic personal finance is a unique approach to managing money that aligns with the principles of Islam. …
US Congress Members Urge PayPal to Lift Ban on Palestinian Businesses
While other financial service providers operate in the Palestinian territories, PayPal has singled out this region, offering its services only to …
Daraz Pakistan and Salaam Takaful Launch Islamic Insurance for Riders’ Belongings
Setting a new industry standard, Daraz Pakistan, the country’s premier e-commerce platform, and Salaam Takaful Limited, the foremost dedicated …
APAC’s Islamic Banks Surpassing Peers Amidst Challenges
S&P Global Ratings forecasts that Islamic banks in the Asia-Pacific region are set to exceed the growth of their conventional counterparts, even …
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, …
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 …