Egyptian Pilgrims Left to Suffer in Scorching Hajj Conditions
The Hajj pilgrimage, a sacred journey to Islam’s holiest city, turned tragic this year as soaring temperatures claimed the lives of hundreds of …
Africa
AATB Partners with Tunisia Africa Business Meeting to Boost Economic Growth and Food Security
The Arab-Africa Trade Bridges (AATB) Program is gearing up for its 4th Board of Governors (BoG) Meeting and the 11th Executive Committee (EC) Meeting …
The Growing Reach of BRICS: Reshaping the Global Economic Landscape
In a surprising turn of events during a summit held in Johannesburg, South Africa on August 24, 2023, BRICS, a group of five major emerging economies …
Uganda Opens Its Doors to Islamic Banking
Uganda is setting a significant milestone in its financial sector by facilitating the introduction of Islamic banking, an initiative that aligns with …
200 Ugandan Women-Led Companies Trained in Export Trade
In a significant stride towards fostering economic independence and empowerment, over 200 small and medium-sized enterprises (SMEs) and women-led …
Muslim Countries Unite to Boost Tourism in a Post-Pandemic Era
The Developing Eight (D8) group of Muslim countries is set to convene in the picturesque city of Murree, nestled in Pakistan’s mountains, next …
Digitization Surges in North Africa’s Islamic Banks
Islamic finance, often referred to as Sharia-compliant finance, stands as a unique pillar in the global financial landscape. It underscores a critical …
Most Islamic Finance Markets Remain Untested for Sukuk Recovery
Fitch Ratings-Dubai reports that the majority of the Organisation of Islamic Cooperation (OIC) countries, as per Fitch Ratings’ updated …
How Can Nigeria Capitalize On the Growing Halal Market?
The growing halal market in Nigeria, with its large Muslim population and abundant resources, is in a prime position to take advantage of this growth. …
Court Awards N240,000 to UI School in Hijab Hearing Delay
Discover the recent court ruling that awards N240,000 to the UI School in a hearing delay related to the issue of hijab. In a recent ruling, an Oyo …
IDB Approves $345M for Egypt’s Eco-Friendly Train
Islamic Development Bank (IsDB) has approved $403 million worth of projects in member countries such as Egypt, Kyrgyzstan, and Tajikistan to bolster …
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 …
Nejatullah Siddiqui, A Father of Islamic Economics, Passes Away at 91
Indian economist Dr. Mohammad Nejatullah Siddiqi, who was awarded the 1982 King Faisal International Prize for Islamic Studies, passed away suddenly …
Why Should Islamic Finance Institutions Give Priority to Women?
Financial inclusion, wealth creation, increased economic activities, and financial stability for households are part of the benefits derived from …
INCEIF Becomes a Premier Educational Institution for Islamic Finance
INCEIF becomes a premier educational institution of Islamic finance globally. The 12th Convocation of INCEIF recently witnessed the graduation of …
INCEIF Hosts Dialogue On Islamic Fintech
The 4th Islamic Fintech Dialogue 2021 (IFD2021) was successfully held virtually last week under the theme: Sustainability and Inclusivity through …
Jordan Offers Nigerians Halal Tourism, Other Options for Visits
The Hashemite Kingdom of Jordan is expanding its tourism offerings to Nigerian tourists to include leisure, education, wellness and other touristic …
Expert Predicts Significant Rise in Global Islamic Finance Assets
According to Sanusi, the global Islamic financial market has witnessed rapid growth over the last decade.
“The global Islamic finance assets grew by …
Nigeria To Issue $610 Million Sukuk To Improve Road Infrastructure
Nigeria will issue a sovereign Sukuk on its domestic market for up to 250 billion naira ($610 million) this year to finance infrastructure projects, …
How Islamic Finance Can Reduce Poverty in Nigeria?
Poverty is one of the biggest threats to Nigeria’s social stability, but it can be reduced through the activities of Islamic Finance …
CIBAFI and AAOIFI Launched an Online Workshop on Ethics
The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Accounting and Auditing Organization for Islamic Financial …
Modest Fashion Thriving in Africa Too
There is a common misconception that Africa does not have anything substantial to offer to the world. However, that has proved to be wrong in …
Investment in Global Fintech Sector Reaches $98bn in 2021
Investment in the global fintech sector has reached $98bn in the first half of 2021. It was recently reported by KPMG`s bi-annual report on the …