Amana Bank Sri Lanka Named Best Islamic Bank in South Asia
Amana Bank has recently been adorned with the prestigious title of ‘Best Islamic Bank in South Asia 2024’ by Brands Review Magazine Awards. This …
South Asia
Maldives Hosts Global Islamic Finance Summit 2024
The Islamic finance industry is witnessing an unprecedented surge in interest. It is driven by its ethical principles, focus on social responsibility …
How Islamic Banks Are Navigating Financial Strain to Maintain Dividend Payments
In a dramatic turn of events, cash-strapped Islamic banks under the S Alam Group in Bangladesh have distributed dividends for 2023 to their …
Takaful Islami Holds 24th Annual General Meeting Virtually
Takaful Islami Insurance Ltd hosted its 24th Annual General Meeting (AGM) through an innovative virtual platform, starting at 11:00 am. This digital …
BML Showcases Islamic Housing Financing Solutions at Living Expo
The Bank of Maldives (BML) is making a significant impact at the ongoing Living Expo, held at Hulhumale Central Park. This vibrant event, which will …
SECP Develops Alternate Shariah-Compliant Structure for Short-Term Sukuk Issuance
Islamabad — The Securities and Exchange Commission of Pakistan (SECP) is making significant strides in developing the country’s financial markets by …
Amana Takaful Mobile App Wins Insurance Asia Award
Amana Takaful Insurance, a prominent player in Sri Lanka’s insurance landscape, has achieved a remarkable milestone by being awarded the …
PSX Set to Auction Rs. 100 Billion Sukuk on August 15
The Pakistan Stock Exchange (PSX) is preparing for a significant financial event with its 12th Sukuk Auction scheduled for August 15, 2024. This …
Indian Muslims Demand Immediate Withdrawal of Controversial Waqf Bill
New Delhi- A chorus of disapproval has emerged from leading Muslim organizations regarding the recently introduced Waqf (Amendment) Bill in the Lok …
Dr. Muneeza Appointed to Shariah Committee at Maldives Islamic Bank
In a notable development for the Islamic finance sector, Dr. Aishath Muneeza has been appointed to the Shariah Committee of the Maldives Islamic Bank …
Sheikhul Islam of Thailand Attends 9th Fatwa International Conference in Cairo
In a notable convergence of global religious leadership and scholarly dialogue, His Eminence Mr. Aroon Boonchom, Sheikhul Islam of Thailand, …
The Rediscovery of Mughal Glass: Unveiling Its Hidden History
“Mughal Glass: A History of Glassmaking in India“, published by Roli Books, is a landmark publication that delves into the opulent world …
5 Surprising Challenges Islamic Banking in Bangladesh Will Face in the Next Decade
Islamic banking has established itself as a significant player in Bangladesh’s financial landscape, contributing to the country’s economic …
SBP Injects Rs 9.57 Trillion into Pakistan’s Conventional and Islamic Banking Systems
On Friday, the State Bank of Pakistan (SBP) executed a monumental financial maneuver, injecting an astonishing Rs 9.57 trillion into the banking …
ZLK and Dubai Islamic Bank Partner to Expand Shariah Investments
In a landmark development for the Islamic finance sector, ZLK Islamic Financial Services, one of Pakistan’s leading Shariah-compliant brokerage …
Countries with Hijab Bans: Top 5 Nations Implementing Restrictions
The hijab, a significant symbol of faith for many Muslim women, has become a focal point of controversy and debate around the globe. As the discussion …
IFIC Bank Launches ‘IFIC Islamic’: Innovative Solutions for Shariah-Compliant Banking
IFIC Bank PLC has proudly unveiled ‘IFIC Islamic’, its new comprehensive suite of Shariah-compliant financial services. This major …
Faysal Bank Projects Earnings to Double in Three Years
We are initiating coverage on Faysal Bank Limited (FABL) with a target price of PKR 100 per share. This valuation is based on a Price-to-Book (P/B) …
Pakistan Boycotts Israeli-Linked Products, Labels Netanyahu as ‘Terrorist
The government of Pakistan has launched a nationwide boycott of Israeli-linked products, following intense negotiations led by Prime Minister Shehbaz …
India Court Blocks Order Mandating Eateries to Display Owners’ Names
India Court blocks a controversial order requiring restaurants along the route of the annual Kanwar Yatra pilgrimage to display the names of their …
Pakistan’s CDNS Targets Rs 170 Billion for Islamic Finance in FY 2024–25
The Central Directorate of National Savings (CDNS) is aiming high for the 2024-2025 fiscal year with an ambitious investment target of Rs 170 billion …
PSX Appoints Meezan Bank as First Market Maker for GOP Ijarah Sukuk
The Pakistan Stock Exchange (PSX) has taken a major step forward by inducting Meezan Bank as the first market maker for the Government of Pakistan …
Al-Arafah Islami Bank Hosts ‘Business Development Conference’ to Foster Growth
Al-Arafah Islami Bank recently hosted its half-yearly “Business Development Conference 2024” at its head office in Dhaka. This event was a …
Thai PM Advocates for Halal Food Market Expansion to Strengthen Economy
Prime Minister Srettha Thavisin of Thailand has emphasized the importance of expanding the Halal food market as a strategic move to boost the …