ABG Promotes Islamic Economics at 43rd Al-Baraka Symposium in Madinah
Al-Baraka Group, a leading financial conglomerate specializing in Islamic banking and financial services, has recently publicized its strategic …
Finance
Nomo Launches Multi-Currency Accounts and Cards for Global Transactions
Nomo, the world’s first fully digital Sharia-compliant cross-border bank, has launched its new multi-currency accounts, allowing customers to hold, …
How Takaful Can Benefit Individuals and Businesses Alike
In recent years, there has been a growing interest in takaful, a form of Islamic insurance that operates under the principles of Islamic finance. …
Saturna Unveils Shariah-Compliant Investment Platform for Digital Investors
Saturna Sdn Bhd, a Shariah-compliant financial services company, today (9 March) officially launched its digital platform to help investors grow their …
Shariah Compliance in Takaful: Why It Matters and How It’s Achieved
Takaful is a type of Islamic insurance that adheres to Shariah principles. Unlike conventional insurance, Takaful is based on mutual assistance, where …
Waqf-Based Qardhul Hassan Should Be Given An Opening
Waqf-based Qardhul Hassan is a financial instrument that provides interest-free loans to the needy, funded by waqf (endowment) funds. While it has the …
Exploring the Different Types of Takaful Products Available
Takaful is a term that refers to Islamic insurance and is an important aspect of Islamic finance. Takaful products are designed to help Muslims …
How Takaful Differs from Conventional Insurance
There has been a growing demand for Islamic finance products worldwide in recent years. Takaful, a type of Islamic insurance, is one such product that …
What Is Takaful? How Is It Different From Conventional Insurance?
Takaful is a type of Islamic insurance that operates based on the principles of cooperation, solidarity, and risk-sharing. It is designed to protect …
Why You Should Apply Minimalism to Personal Finance?
Minimalism is a lifestyle that emphasizes living with less and prioritizing what truly matters. It is often associated with simplicity, mindfulness, …
What Are the Top 5 Factors Driving Islamic Finance Growth?
Islamic finance is a financial system that operates by Islamic law, also known as Shariah. Islam prohibits charging or paying interest (riba) and …
Halal Investing Expected to Boom if Combined With ESG Standards
Islamic finance and halal investing have experienced significant growth in recent years, and there is a growing interest in combining these investment …
Why Should Islamic Finance Incumbents Partner With Islamic Fintech Challengers?
Islamic finance has come a long way over the past few decades, with the industry evolving from niche to mainstream. It is now estimated that the …
What Are the Halal Alternatives to Student Loans?
Financing higher education is a critical concern for many students across the United States and other developed countries, with student loans …
Top 5 Financial Issues Young Muslims Should Focus On
As a young Muslim, it’s important to focus on building a strong financial foundation that will set you up for a bright future. With so many …
Easy to Use, Mobile Payment Apps Are Also Easy to Misuse
Mobile payment apps have become increasingly popular in recent years, offering users the convenience of making transactions with just a few taps on …
Abu Dhabi Islamic Bank Reports 55% Rise in Net Profit For 2022
In 2022, ADIB’s revenues improved by 23 percent to reach Dhs6.8bn, compared to Dhs5.56bn in the previous year, driven by a 43 percent increase …
Islamic Banking Thriving in Bangladesh
Islamic banking has witnessed impressive growth in Bangladesh in recent years amid strong public demand for interest-free financial transactions and a …
Islamic Finance in Nigeria Continues To Flourish
Islamic Finance in Nigeria has emerged as a thriving sector, offering Sharia-compliant banking solutions and investment opportunities to cater to the …
Al Rayan Bank, UK Fined for Anti-Money-Laundering Violations
Al Rayan Bank, the largest Islamic financial institution in the U.K., has been fined £4 million (approximately $4.9 million) by the Financial Conduct …
What Are the Latest Trends in the Islamic Fintech Industry?
Islamic Fintech is a rapidly growing sector of the global financial industry. It covers a broad range of financial services, products, and platforms …
Bank Nizwa Offers Islamic Finance For Various Needs At Competitive Rates
Muscat, Oman – Bank Nizwa, a leading Islamic financial institution in the Sultanate, has unveiled a new financing campaign designed to offer highly …
Sukuk Market Struggles Across Borders as Issuance Disappoints
In 2021, the global Sukuk market demonstrated robust growth, with issuances totaling US$202.1 billion, a 9% increase compared to the previous year. …
What is the State of the Islamic Finance Industry in Japan?
Islamic finance is a financial system that is based on principles of Shariah or Islamic law. It is a rapidly growing industry that is estimated to be …