Fauziah Hisham Becomes Etiqa’s First Female Chairperson
In a groundbreaking development, Etiqa Group has appointed Fauziah Hisham as its new chairperson, effective July 1, 2024. This historic appointment …
Funding Societies Allocates $64.22M in Islamic Financing to Malaysian MSMEs
Funding Societies, a leading Singapore-based digital finance platform, has reached a significant …
Funding Societies Allocates $64.22M in Islamic Financing to Malaysian MSMEs
Funding Societies, a leading Singapore-based digital finance platform, has reached a significant …
DIBPL and ZLK Islamic Financial Services Partner to Boost Shariah-Compliant Financial Access
In a strategic initiative to broaden Shariah-compliant financial access, Dubai Islamic Bank Pakistan …
Fauziah Hisham Becomes Etiqa’s First Female Chairperson
In a groundbreaking development, Etiqa Group has appointed Fauziah Hisham as its new chairperson, …
Funding Societies Allocates $64.22M in Islamic Financing to Malaysian MSMEs
Funding Societies, a leading Singapore-based digital finance platform, has reached a significant …
DIBPL and ZLK Islamic Financial Services Partner to Boost Shariah-Compliant Financial Access
In a strategic initiative to broaden Shariah-compliant financial access, Dubai Islamic Bank Pakistan …
Maybank Leads RM4B Sukuk for Sarawak Petchem Plant
Maybank has announced its significant role in financing and providing hedging facilities for Sarawak …
Nigeria’s First Sukuk Bond of N100 Billion Set to Mature in September 2024
Nigeria’s first Sukuk bond, valued at N100 billion and issued on September 26, 2017, is set to …
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. …
Moody’s Reaffirms IsDB’s ‘AAA’ Rating
The Islamic Development Bank (IsDB) has once again demonstrated its financial prowess, securing a …
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 …
Growing Demand and Key Challenges in Australia’s $2 Billion Islamic Finance Market
Australia’s Islamic finance sector, poised for significant growth, serves a vibrant and young …
Samaiden Launches RM1.5b Sustainability Sukuk for Renewable Energy Growth
Kuala Lumpur. Samaiden Group Berhad has launched an impressive RM1.5 billion multi-currency …
Binghatti Sukuk Tap Achieves 420% Oversubscription
In a striking development in the finance sector, Dubai’s prominent real estate developer, …
UAE’s Debt Market Rises 11.8% to $281Bn in H1, 71.5% Dominated by US Dollars
The UAE’s debt market has demonstrated remarkable strength and expansion, growing by 11.8% to …
Fitch Affirms ‘A’ Rating for Qatar International Islamic Bank with Stable Outlook
Fitch Ratings, a leading global credit rating agency, has recently reconfirmed the Long-Term Issuer …
PPZ-MAIWP’s ‘Jom Potong 2024’ Campaign Aims for RM90 Million Zakat via Salary Deductions
The Federal Territories Islamic Religious Council – Zakat Collection Centre (PPZ-MAIWP) has …
Islamic Banks Constitute 21% of UAE’s Gross Domestic Credit in the UAE
KUALA LUMPUR: The UAE banking industry has shown remarkable growth in 2024, with Islamic banks …
World’s First Zakat Index Launched by Bursa and Pribumi in Malaysia
KUALA LUMPUR: In a pioneering initiative, Bursa Malaysia and Persatuan Remisier Bumiputera Malaysia …
Sukuk Issuance Reaches $91.9 Billion in H1 2024, Reports S&P
In the dynamic arena of Islamic finance, the sukuk market is witnessing substantial growth, with …
Indonesian Vice President Amin Inaugurates Zakat National Conference
Jakarta is set to host the significant 10th Zakat National Conference at the Vice Presidential …
Egypt Expands Takaful & Karama Cash Support to 73,000 More Families
Egypt is enhancing its commitment to social welfare through the expansion of the Takaful and Karama …
Hasan.VC Hosts Halal Startup Showcase in Kuala Lumpur, Highlighting Ethical Innovation
HASAN.VC proudly hosted its Halal Startup Showcase at the Securities Commission Malaysia building in …
SAMA Regulations Enhance Transparency in Saudi Islamic Banking
The Saudi Central Bank (SAMA) has rolled out a series of regulations from 2020 to mid-2024 that have …
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 …
Al-Arafah Islami Bank Hosts ‘Business Development Conference’ to Foster Growth
Al-Arafah Islami Bank recently hosted its half-yearly “Business Development Conference …
Muslims in Lagos Launch Ibile Zakat Initiative to Combat Poverty
In a significant effort to alleviate poverty among Muslims in Lagos State and across Nigeria, …
BoK Inaugurates Women-Centric Islamic Banking Branch in Peshawar
PESHAWAR: The Bank of Khyber (BoK) has made a groundbreaking move by opening the first women-centric …
Takaful Islami Insurance Holds 3rd Investment Committee Meeting
On July 9, 2024, Takaful Islami Insurance Limited hosted its pivotal 3rd Investment Committee …
BIBF and IsDBI Offer Risk Management Training for Islamic Financial Institutions
The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute …
NBO Muzn Islamic Banking Ensures Financial Security with Bancatakaful Products
MUSCAT – NBO Muzn Islamic Banking, a division of the National Bank of Oman, is redefining financial …
AFFIN Bank & ACI Worldwide Transform Payment Solutions for Malaysian Businesses
AFFIN Bank has unveiled a strategic partnership with ACI Worldwide, a global leader in real-time …
Offa Launches Modern, Paperless Buy-To-Let Finance, Revolutionizing Islamic Fintech
Offa, the UK’s pioneering Sharia-compliant bridge finance fintech, has introduced a …
Sharjah Islamic Bank Lists $500 Million Sukuk on Nasdaq Dubai
Nasdaq Dubai has proudly announced the listing of a $500 million Sukuk by Sharjah Islamic Bank …
Muhammad Taqi Usmani Advocates for Innovative Sukuk Strategies
Sukuk’s transformative potential goes far beyond simply bridging budgetary deficits; it serves …
Top 4 Sharia-Compliant Investment Platforms for Ethical Investing in the UK
Sharia-based investing aligns financial activities with Islamic ethical and moral principles, making …
IILM Reissues $940 Million in Short-Term Sukuk Across 3 Series
KUALA LUMPUR — In a significant move reflecting the strong demand and growing investor confidence in …
Azimut Egypt Debuts “Azinvest” Following Fintech License Approval
Azimut Egypt has revolutionized the asset management industry with the launch of its fully digital …
FABMISR Egypt Establishes Sharia Supervisory Committee for Islamic Banking
FABMISR, one of Egypt’s leading banks, has announced the formation of a new Internal Sharia …
Qatar’s Awqaf Ministry Launches Inaugural Al Raqim Arabic Calligraphy Competition
Qatar has enriched its cultural heritage by introducing the first-ever Qatar International Arabic …
Are Stocks Haram or Halal in Islam?
For centuries, stock trading has been a cornerstone of global financial markets, offering …
Malaysia Dominates the Global Islamic Finance Sector
Malaysia continues to shine as a top jurisdiction for Islamic finance, according to Fitch Ratings. …
S&P Upgrades Kapitalbank to B+ Amid Digital Growth and Market Leadership
Kapitalbank, Uzbekistan’s largest private lender, has announced an upgrade in its long-term …
How Islamic Derivatives Are Transforming Risk Management in Muslim-Majority Countries
The demand for Sharia-compliant risk management tools, specifically Islamic derivatives, is …
Affin Bank to Launch Islamic Digital Asset Fund
KUALA LUMPUR: Affin Bank Bhd is making headlines with its plan to distribute the Islamic version of …
Oman’s EDO Sells Second Dollar Sukuk
State-owned Energy Development Oman (EDO) has successfully issued its second dollar sukuk, raising …
BIBD and Lion Global Unveil Singapore’s First Islamic Liquidity Fund
Lion Global Investors (LGI) of Singapore and BIBD Securities of Brunei Darussalam have teamed up to …
Pioneering Ethical Property Finance: An Interview with Ikhlas Finance Australia (IFA)
In an insightful and exclusive interview, Dr. Mohammad Moniruzzaman, the CEO of Ikhlas Finance …
Islami Bank Surpasses Sonali Bank as Largest Lender by Deposits
Islami Bank Bangladesh PLC has reached a remarkable milestone by becoming the largest lender in the …
Abu Dhabi Islamic Bank Partners with Silent Eight for Compliance Automation
Abu Dhabi Islamic Bank (ADIB), a leader in the Islamic finance industry, has embarked on a …
Dubai Takaful Emarat Announces Dh185 Million Capital Increase
Takaful Emarat Insurance Company, a key player in the UAE’s insurance market, recently …
PACRA Upgrades MCB Islamic Bank’s Long-Term Rating to A+
In a major milestone for MCB Islamic Bank, the Pakistan Credit Rating Agency Limited (PACRA) has …
NDMC Concludes June Sukuk Issuance at SAR 4.4 Billion
The National Debt Management Center (NDMC) announced on June 25 the successful closure of its June …
Egypt’s Islamic Banking Transactions Hit $14.5 Billion in March 2024
By the end of March 2024, Egypt’s Islamic banking sector reached a significant milestone, with …
Fitch Assigns ‘BBB’ Rating to Indonesia’s Proposed USD Sukuk
In a significant update, Fitch Ratings has assigned a ‘BBB’ rating to Indonesia’s …
Gulf Bank Reaffirms Commitment in Regional Capital Markets at 2024 Middle East Bonds & Sukuk Conference
Gulf Bank has made a significant move to strengthen its influence in regional capital markets by …
Oman Energy Development Announces 7-Year Sukuk Offering
State-owned Energy Development Oman (EDO) is gearing up for a major financial initiative with the …
Islamic Banking in Egypt Hits EGP 701bn in March 2024
A recent report by the Egyptian Islamic Finance Association (EIFA) highlights the significant growth …
Which Country is Winning the Race to Become the Islamic Fintech Hub?
The competition to become the global hub for Islamic fintech is heating up, with Malaysia, Saudi …
BankDhofar Empowers Women with Dedicated Ladies Banking
BankDhofar, a leading financial institution in the Sultanate of Oman, reaffirms its dedication to …
Eid al-Adha Initiative: Awqaf SA and Diyanet Support Kimberley NGOs
In a remarkable effort to alleviate hunger and support local NGOs, the non-governmental organization …
Sharjah Islamic Bank – Credit Ratings Affirmed
In a notable update, Capital Intelligence Ratings (CI Ratings) has reaffirmed the Long-Term Foreign …
Grow Your Wealth the Halal Way with Islamic Mutual Funds
Practicing Muslims frequently encounter challenges when trying to invest their lifelong savings due …
SBP Directs IBI To Adopt New AAOIFI Shariah Standards
Karachi: The State Bank of Pakistan (SBP) has issued a directive for the adoption of two crucial …
AEON Bank’s Islamic Digital Bank Expected to Break Even in Five Years
KUALA LUMPUR— Aeon Bank (M) Bhd is making waves in the digital banking sector with its new Islamic …
Top UK Banks Offering Islamic and Halal Mortgages
In the UK, the interest in Islamic mortgages is on the rise among Muslims looking for home financing …
How Islamic Banks Thrive Without Charging Interest—Winning Over Non-Muslim Customers
Conventional finance, with its reliance on loans, mortgages, and interest payments, is essential for …
7 Must-Buy Debt-Free Halal Stocks Right Now
Investing in Halal stocks has become increasingly popular among Muslim investors who wish to align …
Halal Investing in Canada: Your Complete Guide
Investing according to Islamic principles, or Halal investing, is becoming increasingly significant …
Kazakhstan Set to Develop Halal Market
From June 4 to 12, over 100 certification and accreditation specialists from Kazakhstan attended a …
Has the De-Dollarization Process Already Started?
In recent years, the global financial landscape has undergone significant shifts, prompting the …
Who is Ineligible to Receive Zakat?
Zakat, one of the Five Pillars of Islam, is a form of almsgiving and religious obligation for …
ADIB Reaches 1 Million Users on Its Mobile Banking App
Abu Dhabi Islamic Bank (ADIB), a prominent Islamic financial institution, has recently celebrated a …
How Does Zakat Cleanse Your Wealth?
In the tapestry of life, wealth often occupies a central square. Yet, amid the hustle to accumulate, …
Datuk Mohammad Faiz Azmi Appointed Executive Chairman of SC Malaysia
The Ministry of Finance (MOF) has announced the appointment of Datuk Mohammad Faiz Azmi as the new …
Bangladesh Hosts Shariah Audit Training for Islamic Banks
The five-day training course on “Shariah Audit of Islamic Banking Operations,” jointly organized by …
Pak-Qatar Family Takaful Announces Waqas Ahmad as New CEO
Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Shariah-compliant Family Takaful …
How to Pay Zakat in the Age of Inflation?
Paying zakat is a fundamental pillar of Islam, essential for purifying wealth and providing support …
CBB’s Sukuk Al-Ijara Oversubscribed by 323%
MANAMA, (BNA): The Central Bank of Bahrain (CBB) has announced a remarkable achievement: the latest …
CSBIB and BIBM Host Seminar on Islamic Banking in Dhaka
The Central Shariah Board for Islamic Banks of Bangladesh (CSBIB) and the Bangladesh Institute of …
Qatar’s Islamic Finance Assets Reach QR656bn in 2023, Reports Bait Al Mashura
Islamic finance assets in Qatar experienced significant growth in 2023, rising by 3.3% year-on-year …
Why Japan Struggles to Develop a Home-Grown Islamic Finance Industry
Islamic finance, governed by Sharia (Islamic law), prohibits interest (riba) and promotes …
When Should I Pay Zakat – Zakat Due Date?
Zakat, one of the Five Pillars of Islam, is a form of almsgiving and religious tax that requires …
Amana Bank Receives Global Acclaim Again at World’s Best Bank Awards
Amana Bank has once again earned the prestigious title of ‘Sri Lanka’s Best Islamic Finance …
AM Best Reaffirms Credit Ratings of Qatar Islamic Insurance Group Q.P.S.C.
In the vibrant landscape of the global insurance market, the Qatar Islamic Insurance Group Q.P.S.C. …
Capital Markets Authority in Kuwait Approves Warba Bank’s $750M Sukuk Proposal
Warba Bank of Kuwait has received the green light from the Capital Markets Authority for a …
IsDBI and CIBAFI Join Forces to Propel Sustainable Development via Islamic Finance
In a significant move to advance Islamic finance and foster sustainable development, the Islamic …
Scholarly Perspectives on Zakat in the Modern World
In the vast ocean of Islamic jurisprudence, Zakat sails as one of the five pillars, guiding Muslims …
Dubai-Listed Ascana Rebrands to Sukoon Takaful Following Stake Sale
In a significant development within the insurance sector, the Dubai-listed Arabian Scandinavian …
Innovations in Islamic Finance: Meeting the Growing Demand in the GCC
Islamic finance faces significant challenges in developing innovative products and services that …
UAE Islamic Banks’ Assets Exceed $195 Billion
The Islamic banking sector in the UAE is witnessing remarkable growth, with assets now surpassing …
How Shariah-Compliant is Islamic Banking?
Islamic banking has garnered significant attention globally, especially among Muslim communities …
Saudi Fund Governor Highlights Islamic Finance’s Capacity to Nurture Ecosystems
In a compelling address at the 18th Islamic Development Bank Global Forum on Islamic Finance, Dr. …
Top 8 Islamic Financial Planning Tips for Disabled Individuals
Navigating life with a disability can present unique challenges, particularly when it comes to …
Can Islamic Finance Challenge Traditional Banking?
In the dynamic world of finance, the rise of Islamic finance presents an intriguing question: Can …
Is the Gap Between the Rich and Poor Muslim Countries Widening?
The economic disparity between rich and poor Muslim countries has been a subject of increasing …
A Guide To Managing Your Personal Finances the Halal Way
When it comes to managing your finances the halal way, one of the most crucial aspects is ethical …
Islamic Banking Growth in Bangladesh Stalls: Fitch Report
The Islamic banking market in Bangladesh is facing significant liquidity challenges, making it more …
HASAN Sets Stage for Halal VC Fund and Accelerator Launch in 2024
HASAN, an integral part of the Ethis Group, has launched its venture capital and accelerator program …
Global Forum on Islamic Economics 2024: Building a Resilient Islamic Economy
The Ministry of Finance and Bank Negara Malaysia (BNM) are gearing up to host the “Global …
Halal Car Finance: Expanding Diversity and Choice in the UK Vehicle Financing Market
Halal Car Finance: Driving Diversity and Choice in the UK Vehicle Financing Sector” highlights …
IsIslamic Finance 2024-2025: Resilient Growth Forecast Despite Challenges
As the global Islamic finance industry continues to evolve, it’s marked by robust growth and …
Women and Zakat: Roles, Responsibilities, and Rights
Welcome to an exploration of the intersection of women’s empowerment and the Islamic practice …
12th IsDB Private Sector Forum in Riyadh Sees $6.5 Billion in Agreements
The 12th Private Sector Forum, orchestrated by the Islamic Development Bank (IsDB) Group, recently …
Abu Dhabi National Takaful Company Honored as ‘Takaful Company of the Year
Abu Dhabi National Takaful Company wins the prestigious “Takaful Company of the Year” …
BILIF Wins Top Honors at 3G Awards for Education and HR Development
The Brunei Institute of Leadership and Islamic Finance (BILIF) recently stood in the spotlight of …
Islamic Wealth Management Industry Evolves with Market Trends
KUALA LUMPUR — The Islamic wealth management industry is on the brink of significant transformation …
Islamic Finance Forum Promotes Capital Markets for Sustainable Growth
The Global Forum of Islamic Economics and Finance (GFIEF) 2024 recently hosted a dynamic panel …
Seminar on Social Security System and Islamic Finance Held in Tokyo
Tokyo, June 2, 2024 – A seminar on the social security system in Japan and the principles of Islamic …
Is There any Difference Between Quranic Finance and Islamic Finance?
Islamic finance has grown significantly as an ethical alternative to conventional financial systems, …
Bank Aljazira Boosts Stake in Aljazira Takaful with Strategic Acquisition
Bank Aljazira announced a significant move to strengthen its position in the insurance market by …
Philippines Targets Four Key Sectors for Investment Growth
The Philippines is targeting four key investment sectors to attract Brunei’s business leaders, …
UAE Islamic Banking Assets Surge by AED86 Billion in 12 Months
The Islamic banking sector in the UAE has experienced remarkable growth in Islamic bank assets, with …
Qatar Central Bank Issues QR 1.5 Billion in Treasury Bills and Islamic Sukuk
Doha, – In a significant move to bolster its financial markets, the Qatar Central Bank (QCB) …
Afghanistan Central Bank Joins Global Islamic Economics Forum in Malaysia
The Afghanistan Central Bank, also known as Da Afghanistan Bank, has recently sent a delegation to …
BML Islamic Introduces First-Ever Shari’ah-Compliant Credit Card
BML Islamic (the Islamic banking window of the Bank of Maldives) has introduced the first-ever …
Aeon Bank Officially Launches Malaysia’s First Islamic Digital Bank
Aeon Bank (M) Bhd has officially launched Malaysia’s first Islamic digital bank, marking a …
Which Halal Investment Platform Has the Lowest Fees?
Investing in a manner consistent with Islamic principles is a growing priority for many Muslims …
Zakat Authority in Hodeida Launches Code of Conduct Training Program
A pivotal training program focusing on the Code of Conduct was recently launched for the Zakat …
Faisal Islamic Bank’s Business Volume Up 31% YoY in April
Amidst a rapidly evolving financial landscape, Faisal Islamic Bank of Egypt (FAIT) stands out with a …
Zurich Takaful and AEON Bank Unite to Advance Inclusive Islamic Finance
In a significant move to advance financial inclusion in Malaysia, Zurich Takaful Malaysia has …
Istanbul Hosts Inaugural AlBaraka Summit Focused on Islamic Finance
Istanbul is rapidly positioning itself as a significant hub for Islamic finance, drawing global …
Sharjah Islamic Bank Joins Haifin to Boost Fraud Prevention and Digital Transformation
In an ambitious move to bolster fraud prevention and accelerate digital transformation within the …
Bank Nizwa Collaborates with Endowment Institutions to Boost Waqf Projects
Muscat: In a strategic move to bolster the Islamic financial sector in Oman, Bank Nizwa, the leading …
ICB Islamic Bank Faces Challenges in Repaying Depositors
ICB Islamic Bank, which emerged from the collapse of Oriental Bank in 2008, is currently grappling …
ICD and JSC Ziraat Bank Collaborate to Boost Uzbekistan’s Private Sector
At the 3rd Tashkent Investment Forum, the Islamic Corporation for the Development of the Private …
HAQQ Network Advances Islamic Web3 with Gold Token and Real-World Assets
HAQQ Network Expanding Islamic Web3 Initiative With Gold Token and RWA” has taken a …
The Expat’s Roadmap to Real Estate Investments in the UAE
The United Arab Emirates (UAE) has emerged as a prime destination for expatriates seeking prosperous …
Which are the Best Islamic Banks of 2024?
In the transformative landscape of global banking, Best Islamic Financial Institutions 2024 have …
Afghanistan and Iran Officials Talk Economic Ties and Support for Returning Refugees
KABUL – In a significant diplomatic engagement, Qari Deen Mohammad Hanif, the Acting Minister of …
BI Partners with MUI to Enhance Digitalization in the Sharia Financial Sector
(JAKARTA –In a strategic move to bolster the Islamic finance sector, Bank Indonesia (BI) has …
Indonesia’s Modest Fashion Takes Center Stage at Kuala Lumpur’s IN2MF
In the bustling city of Kuala Lumpur, the latest edition of the Indonesia International Modest …
Shahjalal Islami Bank Inks MoU with Islamic Corporation for Private Sector Development
In a significant stride towards advancing Islamic finance, Shahjalal Islami Bank PLC has recently …
Top 4 Islamic Banks Providing Digital Banking Solutions in the UK
Islamic banking, or Sharia-compliant banking, is revolutionizing the UK’s ethical finance …
Najman Isa Named CEO of RHB Islamic International Asset Management
RHB Islamic International Asset Management Bhd (RHBIIAM) has announced the appointment of Mohd …
Ajman Bank Appoints Hodges as New Group Treasurer
Ajman Bank, a frontrunner in Islamic banking within the UAE, recently announced the appointment of …
Amana’s Strategic Overhaul Skyrockets MENA Trading Volumes by 190%
Dubai —In a bold move to transform the financial landscape of the Middle East and North Africa …
Are Prize Bonds Halal?
Prize bonds are popular among investors looking for risk-free returns, but the permissibility of …
What is Microtakaful and How Does It Work?
In recent years, the concept of microtakaful has emerged as a significant development in Islamic …
IsDB Encourages Member Countries to Foster Ethical Entrepreneurial Leaders for Sustainability
In a compelling statement delivered from Riyadh, Dr Muhammad Al-Jasser, the Islamic Development Bank …
HDC Partners with IsDB and HPDC to Open New Markets for Malaysian Halal Players
In a significant stride towards global integration, Malaysia’s halal sector has received a …
Emirates Islamic First in Region to Offer Fractional Sukuk to Investors
Emirates Islamic has distinguished itself as the pioneering Islamic bank in the region to offer …
Sustainable Sukuk Market Guidance Launched by ICMA, IsDB, and LSEG
In a landmark collaboration, the International Capital Market Association (ICMA), the Islamic …
IsDB Forecasts $15 Trillion Needed by 2040 for Global Sustainable Infrastructure
At the Islamic Development Bank’s (IsDB) 2024 Annual Meetings in Riyadh, President Dr. …
Salaam Bank Uganda Wins ‘Best New Islamic Bank’ Award
KAMPALA – Why did Salaam Bank Uganda win ‘Best New Islamic Bank’ at the IFN Awards? As a …
IsDB President Advocates for Cultivating Entrepreneurial Leaders
The 18th Global Islamic Finance Forum recently served as a prominent platform for discussions on …
What is a Halal Mortgage? How Does It Work?
In today’s diverse financial landscape, accommodating the varying ethical and religious …
What is the Role of Mosques in Zakat Collection and Distribution?
In the heart of Islamic communities, mosques stand not just as places of worship but as beacons of …
How Does Political Instability Impact Global Islamic Finance? Top 10 Insights
In today’s interconnected world, political instability significantly affects various sectors, …
Top 10 Halal Investment and Savings Tips for Seniors
Investing and saving in a manner that aligns with Islamic principles can be a fulfilling but complex …
Top 5 Tips for Parents on Teaching Kids Islamic Finance Effectively
In today’s world, financial literacy is a crucial skill that every individual needs to manage …
Top 5 Insights into Gharar and Its Impact on Your Financial Transactions
Understanding the concept of Gharar and its implications is crucial for anyone engaged in financial …
Top 5 Pros and Cons of Islamic Banking in 2024 for Investors
Islamic banking, with its unique ethical framework and principles, has gained significant traction …
Top 5 Ways Islamic Finance Can Boost Charitable Giving Through Zakat and Sadaqah
Charitable giving is a cornerstone of many cultures and religions around the world, but it holds a …
Top 5 Steps to Start an Islamic Investment Club in 2024
Are you considering starting an Islamic investment club in 2024? Such a venture not only allows you …
Top 5 Key Strategies to Unlock Agricultural Financing with Salam Contracts in 2024
Welcome to the age of innovation in agricultural financing! As farmers and agribusinesses continue …
Top 10 Insights into Islamic Finance Debt – Your Complete 2024 Guide
In the evolving landscape of global finance, Islamic finance continues to stand out, not only for …
Top 10 Strategies to Build Your Halal Investment Portfolio in 2024
In the dynamic world of finance, aligning your investment strategies with your ethical and religious …
What is a Waqf and How Does It Work?
In the tapestry of charitable practices worldwide, Waqf stands out as a unique and enduring …
What is Islamic Social Finance: A Comprehensive Guide
In today’s rapidly evolving financial landscape, the demand for ethical and socially responsible …
How Islamic Social Finance Contributes to Poverty Alleviation
The global Islamic economy has burgeoned to an impressive $2.29 trillion in 2023. A significant part …
Top 10 Key Differences in Islamic Finance Schools of Thought Every Investor Must Know
Islamic finance has seen a significant rise in popularity and acceptance around the globe, providing …
How Not To Invest in the Sukuk Market
Investing in Sukuk, or Islamic bonds, offers an enticing opportunity for investors seeking ethical …
How to Manage Liquidity: Proven Strategies in Islamic Finance
Navigating liquidity management in Islamic finance can often seem like a daunting task. Unlike …
Professor Asutay Receives 2024 IsDB Islamic Economics Prize
Professor Mehmet Asutay has been honored with the prestigious 2024 Islamic Development Bank (IsDB) …
5 Essential Islamic Finance Tips: How Single Parents Can Save and Budget Better
Navigating the financial landscape as a single parent can be challenging, but integrating principles …
100 Quick FAQs on Islamic Banking and Finance – Your Ultimate Guide
Welcome to your comprehensive guide on Islamic banking and finance! In this article, we’ll …
Top Halal Beauty Investments: Unlock Lucrative Opportunities in the Industry
The world of investments is vast and varied, offering numerous avenues to grow your wealth. For …
HLISB Introduces BizHalal To Support SMEs in the Global Halal Market
In a significant move to empower Small and Medium Enterprises (SMEs) navigating the lucrative global …
Canada To Launch ‘Halal Mortgage’ For Muslim Homebuyers
In a move to make home ownership more accessible to all Canadians, including those adhering to …
How Scholarly Insights Are Transforming Islamic Finance Practices
In the dynamic world of finance, Islamic finance practices stand out, not just for their adherence …
How to Use Islamic Finance for Higher Education – A Comprehensive Guide
Navigating the world of higher education funding can be a daunting task, especially when looking for …
How to Grow Your Wealth with Halal Investment Tips for 2024?
In the dynamic world of finance, aligning your investment choices with your ethical beliefs can …
How to Invest in Gold According to Islamic Finance Rules?
Investing in gold has been a favored strategy for preserving and growing wealth throughout history. …
5 Ways Islamic Finance Can Help Solve Global Economic Crises
In today’s interconnected world, economic crises often ripple across borders, affecting both …
Ultimate Guide to Sharia-Compliant Travel and Lifestyle Financing with Tips for 2024
Navigating the financial landscape can be tricky, especially when you want to adhere to ethical …
Comprehensive Buyer’s Guide to the Best Islamic Financial Products for 2024
Are you considering investing in Islamic financial products but aren’t sure where to start? You’re …
Beginner’s Guide to Investing in Halal Stocks and Identifying Shariah-Compliant Investments
Are you interested in ethical investing that aligns with Islamic principles? If so, investing in …
Unlocking Success: 5 Impactful Case Studies from the World of Islamic Banking
In recent years, Islamic banking has surged in popularity, not just in predominantly Muslim …
Best Success Stories in Islamic Banking: In-Depth Case Studies
Islamic banking, distinguished by its adherence to the ethical and moral principles of Islam, has …
5 Key Steps for Sharia-Compliant Retirement Planning
Planning for retirement is a crucial aspect of financial management, but for those adhering to …
8 Best Halal Investment Ideas for 2024 and Beyond
As the global Muslim population expands, interest in halal investing continues to rise. Halal …
Are Mutual Funds Halal?
When it comes to personal finance and investments, one common question that often emerges among …
Are There Any Islamic Banks in the USA?
Are you wondering about the availability of Islamic banks in the USA? This query is becoming more …
Are Index Funds Halal?
In the world of investing, index funds have become increasingly popular due to their low costs, …
Is Insurance Halal?
In today’s fast-paced world, where unpredictability looms at every corner, insurance has …
What Are Islamic Bonds (Sukuk)? How Do They Work Without Interest?
In an era where ethical or Halal investing isn’t just a preference but a priority for many, …
The Historical Evolution of Zakat Practices
As the gentle light of dawn pierces the darkness, heralding the start of a new day, so too does the …
Zakat vs. Sadaqah: Key Differences in Islamic Charity
Welcome to a journey through the heartwarming world of Islamic charitable practices, where we embark …
What is Zakat al-Fitr and When to Pay It?
As the holy month of Ramadan draws to a close, Muslims around the globe prepare for one of …
Zakat During Crisis: Responding to Emergencies and Disasters
In times of crisis, whether it be natural disasters, pandemics, or economic downturns, the concept …
Zakat on Agricultural Produce: Guiding Principles and Practices
In the serene dawn of a rural landscape, as the sun rises to bless the earth with its warmth, …
Zakat on Livestock: Guidelines for Farmers and Herders
In the heart of pastoral life, where the day’s rhythm is set by the sun and the seasons, …
Maximizing the Benefits of Zakat: Tips for Donors and Recipients
In the vibrant tapestry of Islamic traditions, Zakat stands out as a brilliant thread, weaving …
Zakat on Stocks and Shares: A Modern Dilemma Solved
In today’s fast-paced world, where the buzz of the stock market is as familiar as morning …
Exploring Zakat’s Impact on Achieving Sustainable Development Goals
In the Islamic faith, Zakat, one of the Five Pillars of Islam, is a form of almsgiving treated as a …
What is the Impact of Zakat on Muslim Society?
Zakat, the third pillar of Islam, is a testament to the faith’s dedication to social welfare …
Is Day Trading Halal or Haram?
In the dynamic world of stock trading, day trading stands out as a strategy focused on quick …
How To Ensure Your Zakat Makes a Difference?
In the spirit of giving, many of us seek ways to ensure our contributions not only reach those in …
What Are the Benefits of Paying Zakat?
Zakat, one of the Five Pillars of Islam, stands as a testament to the faith’s commitment to …
How To Pay Zakat On Gold?
In the treasure chest of life’s responsibilities, paying zakat on gold shines brightly as a …
Financial Inclusion: A Pathway to Economic Empowerment for Muslims
In the bustling markets of Jakarta to the vibrant communities in the Middle East and the growing …
Top 5 Reasons You Must Have A Bank Account As a Muslim
In today’s fast-paced world, managing finances wisely is essential for everyone, especially …
How to Embrace the Spirit of Ramadan via Generosity and Gratitude
As the crescent moon heralds the arrival of Ramadan each year, it brings with it a period of …
How To Pay Zakat in a Non-Muslim Country?
Are you finding yourself pondering over the question, “How to pay Zakat in a non-Muslim …
How Zakat Can Transform Education for Future Generations
In the garden of life, education is the sunlight that nurtures young minds, allowing them to blossom …
Zakat on Rental Income: A Guide for Property Owners
In the mosaic of Islamic financial obligations, Zakat stands out as a cornerstone, purifying wealth …
Zakat Transparency: Building Trust in Islamic Charitable Donations
In a world where trust is as precious as the rarest gem, the transparency of charitable giving, …
Zakat and Debt Relief: Islamic Aid for the Needy
In a world where financial burdens can weigh heavily on the shoulders of many, Zakat stands as a …
Zakat Eligibility: Who Qualifies to Receive It?
In the realm of Islamic philanthropy, Zakat stands as a towering pillar, a beacon of hope and …
Planning for Zakat: A Year-Round Approach
In the beautiful transition from daylight to dusk, individuals often find themselves contemplating …
Zakat’s Role in Community Transformation: The Power of Workshops and Seminars
In the bustling streets of our diverse and vibrant communities, there’s a unifying thread that …
Boost Your Investments with Zakat: A Guide for Stocks, Real Estate, and Beyond!
When it comes to fulfilling our financial duties in Islam, Zakat sits at the core, acting as a …
Top 5 Mistakes To Avoid in Calculating Zakat
In the grand tapestry of Islamic practices, Zakat stands out as a vibrant thread, weaving together …
Technology and Zakat: Utilizing Apps and Platforms
In a world where technology weaves through the fabric of our daily lives, intertwining with every …
Zakat on Business Wealth: A Guide for Entrepreneurs
As entrepreneurs, we navigate a labyrinth of financial obligations, from taxes to operational …
Philanthropy in Islam: Beyond Zakat
In the vast and vibrant garden of Islamic tradition, the concept of giving—rooted deeply in …
The Environmental Dimensions of Zakat
In the heart of Islamic tradition lies a principle often celebrated for its spiritual and social …
Organizing A Zakat Drive in Your Community
In the heart of every community lies the potential for unity, growth, and compassion. Among the many …
Success Stories: The Difference Zakat Made
In the journey of life, where the path often diverges between the haves and have-nots, the Islamic …
Fintech Startup Secures $27.5 Million Funding to Digitize Indonesian SMEs
Jakarta, Indonesia – AwanTunai, a leading Indonesian FinTech startup, has recently announced …
The Impact of Zakat on Community Development
In the tapestry of societal upliftment and development, various threads intertwine to create a …
6 Creative Ways to Involve Children in Zakat
Exploring 6 Creative Ways to Involve Children in Zakat introduces a vital component of the Five …
Zakat and Taxation: Navigating Modern Challenges
In the intricate tapestry of financial responsibilities that weave through our lives, two …
The Significance of Paying Zakat in Ramadan
As the holy month of Ramadan is in full swing, the Muslim community worldwide prepares for a month …
How To Buy A Car Without Paying Interest (Riba)?
Navigating the world of automotive financing can often feel like a tightrope walk, especially for …
How Does Islamic Banking Work?
In today’s diverse financial ecosystem, Islamic banking emerges as a beacon of ethical …
How To Connect Islamic Liquidity with Global Business Opportunities?
In the vibrant tapestry of global finance, Islamic liquidity emerges as a unique and fascinating …
World’s Best Islamic Banks in 2024
The realm of Islamic banking has seen significant transformation and growth, with the World’s …
What Is Islamic Finance?
Islamic finance is a unique form of financial system that operates in compliance with the principles …
How To Make Halal Money From Cryptocurrencies?
Navigating the realm of digital currencies with a focus on ethical investment, “How To Make …
What is Halal Investing and Why is It on the Rise?
Embarking on the journey of halal investing unlocks a pathway to align financial endeavors with …
MacKenzie Launches Halal Mutual Fund for Ethical Investing
Mackenzie Financial has made a groundbreaking move in the Canadian investment landscape with the …
The Ultimate Guide to Halal Mortgage Options in the US
In recent years, the demand for halal mortgage options has surged in the United States, propelled by …
Islamic Finance Set To Expand In Arab Countries
In a strategic move set to bolster the Islamic banking and finance sector across the Arab world, the …
Are Bonds Halal or Haram in Islam? An In-Depth Analysis
In the ever-evolving landscape of Islamic finance, the question “Are Bonds Halal?” …
What To Expect From the Kuala Lumpur Islamic Finance Forum 2024?
The Kuala Lumpur Islamic Finance Forum (KLIFF) 2024 is gearing up to be an unprecedented milestone …
Turkey Names Fatih Karahan as New Central Bank Governor
Turkey’s economic landscape is set to embrace a new chapter with President Recep Tayyip …
Discovering Islamic Coin: Top 5 Insights for Modern Finance
Islamic Coin (ISLM) is the native currency of Haqq Network, one of the first ethics blockchain …
What Is Interest-Free Banking?
Interest-Free Banking, often synonymous with Islamic Banking, operates on a principle that deviates …
What Is the Importance of Money in Islam?
In today’s fast-paced world, money holds a pivotal role in shaping our lifestyles, economies, …
HAQQ Teams Up with GoMeat to Boost Halal Food Access in the USA
HAQQ, an ethical blockchain ecosystem rooted in Islamic values, has entered into a strategic …
Lendo Raises $28M in Series B for Shariah-Compliant Crowdfunding
In a remarkable development for the FinTech sector, Lendo, a Saudi Arabia-based financial technology …
How To Start A Career In Islamic Finance?
As we step into the new year of 2024, many of you might be considering a career change or embarking …
Malaysia As An Islamic Finance Hub: From Humble Seed to Global Sun
Malaysia’s rise as the world’s premier Islamic finance hub is a compelling tale of …
How To Find Out If A Stock is Halal or Shariah-Compliant?
Determining whether a stock is Halal or Shariah-complaint, which means permissible under Islamic …
Jumhouria Bank Backs Key Islamic Finance Conference in Bahrain
In a significant move, Libya’s largest bank, Jumhouria Bank, has emerged as one of the main sponsors …
Blossom Finance: Leading Indonesia’s Islamic Fintech Revolution
The fintech world is witnessing a significant paradigm shift, led by innovative platforms like …
Islamic Wealth Management: Maybank’s Leap into Singapore’s Financial Hub
As Islamic finance blossoms into a trillion-dollar industry, Maybank, the Malaysian banking giant, …
Cryobank for Camels in the Heart of UAE Desert
In today’s rapidly advancing world of science and technology, we are witnessing breakthroughs …
14th World Islamic Economic Forum Discusses Key Global Economic Growth Themes
The 14th World Islamic Economic Forum (WIEF), scheduled for 6-8 February 2024 at the Abu Dhabi …
Egypt’s Islamic Banking Surges by 27% in 2023, Hits EGP 562 Billion
In a significant leap for the financial sector, Islamic banking in Egypt recorded a robust growth, …
GCC’s Islamic Banking Booms as Shariah Compliance Gains Ground
In the flourishing economies of the Gulf Cooperation Council (GCC), Islamic banking is witnessing an …
Pioneering Halal Investment with Al Mabrook:An Interview with Fahad Siddiqui, CEO of Al Mabrook
Blending the principles of Shariah with innovative blockchain technology, Al Mabrook stands as a …
Dubai Islamic Bank Buys 20% Stake in Turkish Digital Bank TOM
Dubai Islamic Bank (DIB), the UAE’s largest Sharia-compliant lender, has acquired a 20% stake …
Al Baraka Bank Launches ‘Yusr’ Personal Finance with BD10,000 Prize
Al Baraka Islamic Bank, Bahrain’s leading Islamic bank, has launched a new personal finance …
BIBF and IsDBI Collaborate to Elevate Worldwide Islamic Finance Proficiency
The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute …
Hejaz Group Becomes First Islamic Mortgage Provider Listed on AFG Platform
Hejaz Group, Australia’s leading diversified provider of Islamic financial products and …
Embracing the Sustainable Future via the Digital Transformation of Islamic Finance
In an era marked by rapid technological advancements and a growing global emphasis on …
Global Islamic Fintech Outlook 2023-2024 Revealed at KLIFF 2023
Kuala Lumpur, Malaysia – In an exciting development at the Kuala Lumpur International Islamic …
Social Impact Investing: Paving the Way for the Future of Islamic Finance
At a recent panel discussion at the KLIFF 2023 conference, industry leaders discussed the growing …
Islamic Financial Services Industry Sustainability Report Presented At KLIFF2023
The Islamic Financial Services Industry (IFSI) Sustainability Report 2022-2023, published by the …
Sukuk For A Sustainable Future: Catalyzing Positive Impact
At KLIFF 2023, a panel discussion titled “Sukuk for a Sustainable Future: Catalyzing Positive …
Maximizing Islamic Social Finance Potential To Achieve Sustainability Goals
The intersection of Islamic social finance and sustainability has become a focal point for …
Maqasid Shariah and Sustainability: Forging a Just and Sustainable Future
In the rapidly changing landscape of global economics and finance, the intersection of ethics, …
Navigating the Sustainability Landscape: How Islamic Finance Can Make an Impact
At KLIFF2023, the Center for Excellence in Research and Training (CERT) once again provided a …
Unlocking the Potential of Embedded Finance in Empowering Islamic Finance
In an era of financial innovation, the convergence of technology and finance has given rise to a …
Shaping the Future of Islamic Finance: KLIFF2023 Insights
KLIFF2023, organized by the Center for Excellence in Research and Training (CERT), brought together …
Dr. Mohamad Damak’s Islamic Finance Vision 2024 at KLIFF2023
In a compelling address at the KLIFF2023 conference, organized by the Center for Excellence in …
Dubai Islamic Bank Pakistan Launches Cutting-Edge Digital Onboarding
Dubai Islamic Bank Pakistan has introduced cutting-edge digital onboarding services catering to both …
How Can Islamic Finance Contribute to Sustainable Financial Growth?
Islamic finance can play a key role in driving sustainable growth, according to panelists at the …
Navigating Malaysia’s Thriving Takaful Market
Malaysia’s Takaful market has witnessed significant growth and transformation over the past …
Bank Negara Malaysia Governor Highlights Value-Based Finance for Sustainable Growth at KLIFF 2023
Kuala Lumpur, Malaysia – September 19, 2023 – Bank Negara Malaysia’s Governor …
KLIFF 2023 To Help Advance Islamic Finance For A Sustainable Future
The Kuala Lumpur Islamic Finance Forum (KLIFF) has long been recognized as a pivotal event in the …
HSBC Asset Management Introduces Global Sukuk ETF
In a groundbreaking move, HSBC Asset Management has pioneered the introduction of a …
Alif Targets UAE’s Booming Remittance Market with Alif Pay Launch
Central Asian fintech titan, Alif, has set its sights on the United Arab Emirates, unveiling its …
Uganda Opens Its Doors to Islamic Banking
Uganda is setting a significant milestone in its financial sector by facilitating the introduction …
Alliance Bank and SURI Launch Upcycling Empowerment for Langkawi’s Single Mothers
Alliance Islamic Bank Berhad (“Alliance Islamic Bank” or the “Bank”) today announced a meaningful …
Islamic Finance Pivotal in Steering Climate Transition
LONDON — As the global community grapples with the pressing challenge of climate change, Islamic …
Russia To Launch Islamic Banking
On the horizon of financial innovations, Russia is gearing up to make a significant stride by …
What is Islamic Microfinance? How Does It Help Reduce Poverty?
Microfinance has revolutionized the financial landscape for underserved communities, offering a …
Istanbul Blockchain Week Spotlights Islamic Finance and Web3 Innovations
Strategically nestled between Dubai and London, Istanbul is emerging as Turkey’s financial …
How To Invest A Small Amount of Money the Islamic Way?
Islamic finance, rooted in the principles of Shariah (Islamic law), is more than just a niche …
Bank Islam Appoints Azdini Nor Azman As CEO of BIMB Investment
Bank Islam Malaysia Bhd, in a strategic executive move, has announced the official appointment of …
Egypt’s Islamic Finance Skyrockets to $19.38B in First Half of 2023
In a display of unwavering financial progress, Islamic finance in Egypt has reported an impressive …
CAIZcoin Breaks Ground in the Global Islamic Crypto Landscape
Europe’s CAIZcoin, deeply rooted in Islamic financial principles, stands at the threshold of …
ADIB Experiences Remarkable Rise in Digital Banking Adoption
Amid a global banking revolution, Abu Dhabi Islamic Bank (ADIB) stands tall with marked growth in …
Kazakhstan’s ITS Exchange Lures Islamic Investors With Shariah Index
ITS, the newly inaugurated international trading platform in Kazakhstan, has taken bold strides …
Islamic Social Exchange Shaping the Future of ICM in Malaysia
KUALA LUMPUR – Datuk Seri Awang Adek Hussin, Chairman of Securities Commission Malaysia, underscored …
Is Forex Trading Halal in Islam?
In the modern realm of global finance, Forex trading stands out as one of the most significant and …
Egyptian Exchange Collaborates with S&P to Introduce Sharia-Compliant Index
In a recent development, the Egyptian Exchange (EGX) is set to unveil an Islamic Sharia-compliant …
IsDB Aims to Elevate Islamic Finance Landscape in Mauritania
Nouakchott, Mauritania – A high-level delegation from the Islamic Development Bank Institute …
What is the Role of Islamic Fintech in Financial Inclusion and Ethical Innovation?
In today’s rapidly evolving financial landscape, the fusion of technology and …
Hong Kong Seeks Arabic, Islamic Finance Experts To Lure Middle East Customers
Hong Kong is seeking to become a hub for Islamic finance and Middle Eastern expertise in the banking …
Rising Halal Finance: Catering to Canada’s Growing Muslim Investors
About a decade and a half ago, when Ottawa-based IT specialist Imad Ansari wished to dive into the …
Hong Kong’s Chief Executive Announces Plans for Enhancing Islamic Finance Accessibility
In an ambitious drive to broaden the reach of Hong Kong’s financial markets, Chief Executive …
Hub71 and Wio Bank Partner to Boost Abu Dhabi’s Tech Startup Banking
ABU DHABI, UAE – In a groundbreaking alliance, Abu Dhabi’s dynamic tech incubator, Hub71, and …
Indian-Held Kashmir Needs Islamic Microfinance To Alleviate Poverty
The people of the former state of Jammu and Kashmir are deeply connected to the traditional banking …
Digitization Surges in North Africa’s Islamic Banks
Islamic finance, often referred to as Sharia-compliant finance, stands as a unique pillar in the …
Islamic Banking Pilot Approved by Russian Lawmakers
The Russian parliament has given the green light to a two-year pilot program that will introduce …
Understanding Islamic Coin: Sharia-Compliant Cryptocurrency Explained
Islamic Coin (ISLM), a digital currency designed in accordance with Sharia principles, is set to …
Is It Halal To Work in A Conventional Bank?
The permissibility of working in a traditional bank in Islam is a matter of debate among scholars. …
ISR-Based Framework: A Leap for Islamic Banking in Bangladesh
Islamic banking has seen impressive growth over the last four decades, becoming a well-established …
Saudi’s Almarai Stirs Gulf Debt Market with $750M Sukuk Sale
DUBAI—Saudi Arabia’s leading food and beverage enterprise, Almarai, has unveiled plans to …
Pakistan’s Summit Bank Rebrands Itself As Bank Makramah
Summit Bank Limited has announced a significant milestone in its ongoing evolution: the State Bank …
Pakistan’s Islamic Banking Aims for Riba-Free 2027
KARACHI — The increasing footprint of Islamic banking in Pakistan attests to a growing preference …
Maybank Group Pioneers Global Islamic Banking with Hubs in Singapore and Dubai
SINGAPORE: Maybank Group, the Malaysian multinational banking and financial services corporation, …
Ahli Islamic Extends 1% Hiba Benefit on New Qitaf Bank Deposits
Muscat: Dedicated to elevating its customers’ banking experience with enriching and rewarding …
How to Digitize Islamic Banking in Pakistan
As the Fourth Industrial Revolution unfurls, bringing about groundbreaking advancements in …
Qatar’s Islamic Finance Sector Surges with Record Growth in 2022
Doha, Qatar—Bait Al-Mashura Finance Consultations (BAM) has published its annual report on Islamic …
Gulf Islamic Investments Expands Operations in Saudi Arabia
Dubai-based asset manager Gulf Islamic Investments (GII) has announced a major expansion of its …
Dubai Islamic Bank Chooses IBM Consulting for Data Transformation
Dubai Islamic Bank (DIB) has made a strategic decision by partnering with IBM Consulting to …
Indonesia Raises $400mln From Islamic Debt Auction
JAKARTA – The Indonesian government successfully raised 6 trillion rupiahs ($400.40 million) …
Qardus, An Ethical and Sharia-Compliant Financing Platform, Raises £318,837 via Seedrs
Qardus, an ethical and Sharia-compliant financing platform catering to social impact SMEs and …
Islamic Coin Secures Major Funding Boost From ABO Digital
Islamic Coin, the leading Shariah-compliant cryptocurrency, has once again made headlines by …
Uganda Passes Bill To Kickstart Islamic Banking
Uganda‘s journey towards embracing Islamic banking took a significant stride forward as the …
Hong Leong Islamic Bank Supports PIHEC 2023 Halal Expansion
Hong Leong Islamic Bank (“HLISB” or “The Bank”) participated in the Penang …
RHB Introduces Shariah-Compliant Sustainable Tech Fund
Welcome to the world of technology-driven investments that align with your Islamic values—the …
Australia’s First Islamic Bank Gains $10M Hejaz Group Investment
Islamic Bank Australia, the nation’s inaugural Islamic bank, has secured a strategic …
More UK Muslims Turn to Zakat Amid Living Cost Surge
Welcome to More UK Muslims, a vibrant community dedicated to empowering and connecting Muslims …
Egypt’s Agel Secures Pre-Seed Funding for Its Shariah-Compliant Fintech Platform
In a significant move for Islamic fintech, Egyptian startup Agel has secured a substantial …
Al Salam Bank Amplifies Algerian Footprint with Stake Increase in ASBA
Al Salam Bank, the Bahrain-based Islamic bank, has announced the acquisition of a majority stake in …
Singapore to Emerge as International Hub for Offshore Islamic Wealth by 2028
Welcome to the International Hub for Offshore Islamic Wealth, where individuals and businesses find …
Islamic Coin Revolutionizing Finance with Sharia-Compliant Crypto
Enter the fascinating world of Sharia-Compliant Crypto, where cutting-edge blockchain technology …
Funding Societies Launches Shariah-Compliant Investment Note in Malaysia
Experience the power of Shariah-compliant investment notes, a unique financial instrument that …
UK Retains Crown as Western Islamic Finance Hub Despite Local Niche
Fitch Ratings highlights the significant role of London in Islamic finance while observing its …
UAE Islamic Banks Report 7.3% Asset Increase in Q1 2023
In a report that paints a vibrant picture of a financial sector on an upward trajectory, the Central …
Kazakhstan Undergoes Islamic Finance Assessment Led by IsDB Institute
The Islamic Development Bank Institute (IsDBI) has initiated a comprehensive Islamic Finance Country …
Most Islamic Finance Markets Remain Untested for Sukuk Recovery
Fitch Ratings-Dubai reports that the majority of the Organisation of Islamic Cooperation (OIC) …
Dafinah Hilmi Takes the Helm as Hong Leong Islamic Bank’s New CEO
KUALA LUMPUR – Hong Leong Islamic Bank Berhad (HLISB) has announced the appointment of Dafinah Ahmed …
Sukuk Issuance: A Key Growth Catalyst for the Islamic Finance Sector
Welcome to the world of Islamic Finance Growth where the principles of Sharia-compliant …
Why is Islamic Financial Literacy Important For You & Me?
The Concept of Islamic Finance
Financial literacy in the context of Islamic finance, often referred …
UAE’s Islamic Coin Surges to 1.3M Users, Trailblazing Halal Crypto
Dubai: UAE’s Islamic Coin is a testament to the country’s rich heritage and commitment …
Is Islamic Finance A Good Career Path?
In the world of finance, Islamic finance has emerged as a force to be reckoned with. It is a system …
Boubyan Bank Secures Top Spot as World’s Premier Islamic Retail Bank
Witness the remarkable ascent of Boubyan Bank as it secures the top spot and solidifies its position …
Dubai Islamic Bank Launches ‘alt’: A Game Changer for Digital Banking Experience
Dubai Islamic Bank, a pioneering institution in the realm of Islamic banking, is proud to announce …
Are Islamic Online Banks Winning the Deposit War?
Are Islamic online banks emerging as the victors in the realm of digital finance? In the …
AAOIFI and Pakistan Join Forces to Advance Shariah-Compliant Capital Market
The recent collaboration between AAOIFI and Pakistan has joined tremendous excitement and potential …
Saudi Real Estate Refinance Company Raises SAR3.5 Billion in Sukuk Issuance
The Saudi Real Estate Refinance Company (SRC), a subsidiary of the Public Investment Fund (PIF), has …
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 …
Court Orders Pak Government To Abolish Interest By 2027
Federal Shariat Court (FSC) of Pakistan Issues Directive to Abolish Interest from Nation’s …
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 …
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 …
Are Money Market Funds Halal in Islam?
Money market funds are a type of mutual fund that invests in short-term debt securities, such as …
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 …
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 …
Islamic Development Bank & Settlemint Collaborate for Blockchain Price Stability
Today, a profound revelation in the world of financial technology comes to the forefront. …
The Importance of Budgeting in Islamic Personal Finance
Brief Overview of Islamic Personal FinanceIslamic personal finance is a unique approach to …
US Congress Members Urge PayPal to Lift Ban on Palestinian Businesses
While other financial service providers operate in the Palestinian territories, PayPal has singled …
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, …
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 …
Dubai Emerges as the Foremost Global Hub for Islamic Finance
According to the Islamic Finance Development Indicator (IFDI) Report of 2022, the global Islamic …
Oman Witnesses 10% Surge in Islamic Banking Assets
Situated in the heart of the Middle East, Oman’s Islamic banks and windows have seen …
Islamic Bank Group and Halal Company Sign MoU
In a significant development in Jeddah, Kingdom of Saudi Arabia, the Halal Products Development …
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 …
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 …
Abhi, a Pakistani Fintech, Launches Region’s First Sukuk
Abhi, a revolutionary fintech platform based in Pakistan, has made a significant breakthrough by …
Halal Products Company Sponsors IsDB Private Sector Forum
The Halal Products Development Company (HPDC), backed by Saudi Arabia’s Public Investment Fund …
Paymentology Empowers Nomo’s Shift to Cutting-Edge Financial Services
London – Paymentology, a global leader in issuer processing, announces a strategic alliance …
AAOIFI’s 21st Shari’ah Conference Concludes in Bahrain
Welcome to AAOIFI’s 21st Shari’ah Conference, a distinguished gathering of experts and …
How To Make Money With Halal Investing?
In the ever-expanding world of finance, Halal investing has emerged as a lucrative and ethical way …
ADIB Named Primary Dealer for Federal Treasury Sukuk Program
Abu Dhabi Islamic Bank (ADIB), a prominent Islamic financial institution, has been designated as a …
How To Market & Advertise Islamic Financial Services?
The Islamic finance industry has experienced rapid growth in recent years, driven by increasing …
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 …
Pushing For Unified GCC Payments System
A GCC-wide payment system requires collaboration among member countries. The proposed unified GCC …
How Has Technology Transformed the UAE Financial Services Industry?
The United Arab Emirates (UAE) has experienced rapid growth and diversification in its economy over …
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 …
What Is Islamic Fintech?
Islamic Fintech, a rapidly emerging industry, is transforming the financial landscape by offering …
Saving vs. Investing: How Do You Decide?
Embarking on the journey toward financial stability can often feel like venturing into a labyrinth, …
World’s First Sharia-Compliant Cryptocurrency Launching Soon
A Sharia-compliant cryptocurrency is a new form of digital currency that adheres to Islamic …
Tanzanian Firm Signs $4.23Bn Islamic Financing Deals in Zambia
Mayzuh, a Tanzanian Islamic finance firm, has signed agreements with five Zambian entities to …
What Are the 5 Essentials to Halal Investing?
Halal investing is a growing trend, but what does it actually entail? Let’s explore the five …
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, …
Dutch Banks Accused of Discriminating Against Muslims
Dutch Muslims Face Increased Discrimination Due to Anti-Money Laundering Laws
Rabin Baldewsingh, …
ADIB’s 2022 SME Financing Hits Dhs1 Billion
Abu Dhabi Islamic Bank (ADIB), a premier Islamic financial institution, has proudly unveiled its …
IMF to Establish Islamic Finance Categories in SNA/BPM
The International Monetary Fund (IMF) plans to provide separate categories for Islamic finance in …
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 …
Meezan Bank Surpasses $1.5 Billion in RDA Deposit Inflows
Karachi: Meezan Bank, Pakistan’s leading Islamic bank, has recently surpassed the milestone of …
Indonesia Enhances Islamic Finance Institutions to Strengthen Financial Literacy
Jakarta (ANTARA) – Indonesia’s Financial Services Authority (OJK) is committed to …
Saudi Electric Co. to Issue Dollar-Denominated Islamic Bonds
In a recent bourse filing, Saudi Electricity Company (SEC), which is 75% owned by Saudi …
IDB Approves $345M for Egypt’s Eco-Friendly Train
Islamic Development Bank (IsDB) has approved $403 million worth of projects in member countries such …
Turkish Bank To Help Islamic Finance Industry Grow in the Philippines
A Turkish bank is in talks with the Bangko Sentral ng Pilipinas (BSP) to help the bank establish …
Islamic Coin Allocates $40M for Shariah-Compliant Funding
Islamic Coin (ISLM), a Shariah-compliant financial ecosystem, has launched a grants and investment …
Doha Islamic Finance Conference Concludes with Key Insights
The Ninth Doha Islamic Finance Conference, wrapped up in Doha, State of Qatar, on March 14, 2023, …
Qatar Leads Fintech Innovation in the Region with Advanced Technology
The 9th Islamic Finance Conference, entitled ”Islamic Finance and Challenges of Web …
ADIB Appoints Ashley Veasey as New Group Chief Information Officer
Abu Dhabi Islamic Bank (ADIB) has announced the appointment of Ashley Veasey as its new Group Chief …
QIB Crowned Most Innovative Bank in the Middle East
Qatar Islamic Bank (QIB) has been recognized as the ‘Most Innovative Bank in the Middle East, …
CMA Hosts Workshop on Sharia Governance Standards for Banking Industry
The Capital Market Authority (CMA) recently partnered with the Islamic Financial Services Board …
Abdullah Kamel From CIBAFI Emphasizes On Ethical Standards for Sustainable Finance
Abdullah Saleh Kamel, Chairman of the Board of Directors of the General Council for Islamic Banks …
Are Cryptocurrencies Compatible With Islamic Finance Tenets?
Islamic finance, based on Islamic law principles known as Shariah, prohibits interest-based …
Maybank Launches Malaysia’s First EV Financing Solution
Maybank Group, a Malaysian financial services provider, has launched the country’s first …
ABG Promotes Islamic Economics at 43rd Al-Baraka Symposium in Madinah
Al-Baraka Group, a leading financial conglomerate specializing in Islamic banking and financial …
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 …
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 …
Saturna Unveils Shariah-Compliant Investment Platform for Digital Investors
Saturna Sdn Bhd, a Shariah-compliant financial services company, today (9 March) officially launched …
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 …
What Does Shariah-Compliance Mean in Islamic Banking Industry?
Islamic banking, also known as Shariah-compliant banking or halal finance/banking, is a system of …
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, …
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. …
How Takaful Differs from Conventional Insurance
There has been a growing demand for Islamic finance products worldwide in recent years. Takaful, a …
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, …
Why You Should Apply Minimalism to Personal Finance?
Minimalism is a lifestyle that emphasizes living with less and prioritizing what truly matters. It …
Why Should We Study Islamic Finance?
If you are interested in finance, you may have heard about Islamic finance. You may be wondering …
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 …
Halal Investing Expected to Boom if Combined With ESG Standards
Islamic finance and halal investing have experienced significant growth in recent years, and there …
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 …
What Are the Halal Alternatives to Student Loans?
Financing higher education is a critical concern for many students across the United States and …
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 …
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 …
What Do Islamic Bankers Need To Know About Mobile Generation?
IF YOU TURN 18 this year, you are younger than Amazon and Google. You turned three with Facebook’s …
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 …
Islamic Banking Thriving in Bangladesh
Islamic banking has witnessed impressive growth in Bangladesh in recent years amid strong public …
13 Rules To Follow While Earning Halal Money
Halal income, or revenue generated through means permissible under Islamic law, is a fundamental …
Islamic Finance in Nigeria Continues To Flourish
Islamic Finance in Nigeria has emerged as a thriving sector, offering Sharia-compliant banking …
What Is Halal Money? Top Ways To Earn Halal Money
What Is Halal Money?
Halal money is income earned in ways that comply with Islamic principles. It …
Al Rayan Bank, UK Fined for Anti-Money-Laundering Violations
Al Rayan Bank, a Sharia-compliant bank in the U.K., will pay a $4.9 million fine for failing to …
How To Pick An Islamic Financial Advisor?
Islamic financial advising is a specialized field that deals with financial planning and investment …
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 …
Why Is Islamic Finance So Popular in the West?
Islamic finance is a system of financial intermediation that is consistent with the principles of …
Bank FAB in UAE Issues $500M 5-Year Sukuk
First Abu Dhabi Bank FAB.AD, the largest lender in the United Arab Emirates (UAE), launched a $500 …
Bank Nizwa Offers Islamic Finance For Various Needs At Competitive Rates
Muscat: With the launch of a new campaign, Bank Nizwa, one of the leading Islamic banks in the …
Sukuk Market Struggles Across Borders as Issuance Disappoints
US$202.1 billion of Sukuk were issued in 2021 representing a 9% growth. US$713 billion of Sukuk were …
Top Five Challenges For Islamic Banking
Islamic banking, also known as Shari’ah-compliant finance, is a financial system that operates …
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 …
What Are the Challenges of Using “Buy Now Pay Later” Service?
Buy now pay later (BNPL) is a type of payment option that allows consumers to purchase goods and pay …
Abu Dhabi Islamic Bank launches ADIB PAY
Abu Dhabi Islamic Bank (ADIB), a financial institution, announced the launch of the region’s first …
How Does Ijara Financing Work?
Ijara financing is a type of Islamic financing that is based on the principles of profit and loss …
Why Are Non-Muslims Converting To Islamic Finance?
Islamic finance, also known as sharia-compliant finance, is a financial system that is based on …
What Is the State of the Islamic Fintech Industry in the US?
The Islamic fintech industry in the United States is a rapidly growing sector that is gaining …
Maqasid: Bringing Islamic Finance and Banking Back to Life
The fundamental concerns, real-world challenges, and consequences of traditional economics, banking, …
How To Keep Your Investment Halal?
Alcohol, gambling, cigarettes, pork, and even interest are forbidden, yet social media and new …
Islamic Coin wins ESG Crypto at The Middle East Blockchain Awards
Islamic Coin plans to offer several services, including a wallet and a super app, and will soon be …
Is Halal Investing Compatible With ESG Goals?
Is Halal investing compatible with ESG goals? Every now and then, we come across articles about this …
Islamic Finance Growing in Bangladesh Despite Structural Issues
The Bangladeshi Islamic finance industry is likely to continue growing over the medium term, driven …
Crypto Has Crashed
Crypto has crashed. We have seen the spectacular rise and, then, fall of a currency that did not …
Pakistan Pledges To Abolish Interest in Five Years
Dar says FSC’s order on interest-free banking to be implementedThe government announced on …
What Questions Should You Ask An Islamic Financial Advisor?
Once you have decided about the type of Islamic financial advisor you want to work with, do you know …
Sultan Nazrin Shah Inaugurates INCEIF’s New Campus
Sultan Nazrin Shah officiated the launch of INCEIF University’s new campus at Jalan Tun Ismail, …
What To Look For in An Islamic Financial Advisor?
These are challenging times for us all. The pandemic has affected us in ways previously unthought …
Southeast Asia Becomes A Rising Powerhouse in Islamic Finance
The global Islamic fintech industry is worth an estimated RM372.56 billion ($79 billion) and is …
What Are the Top 5 Criteria To Choose Halal Stocks?
If a stock or security meets certain conditions, does that mean it is Halal? If the response is yes, …
How Do Fintech Firms Make Money with Business Models?
Do you really want to know how fintech firms make money through different business models? There are …
Islamic Banks Need To Increase Market Share Before Considering Radical Reforms
Islamic banks must work within the confines of a global system to boost market share and be …
Halal Tech and Halal Investment Opportunities Over the Next Decade
Halal technology has enormous growth potential over the next decade. However, in order to realize …
25 Fintech Firms Give Services in Azerbaijan’s Financial Market
According to Azernews, Ruslan Talibov, chairman of the FinTech Association of Azerbaijan, said …
Green Sukuk Market Settle for Launch as Demand Grows
Kuala Lumpur – According to recent research*, experts in Islamic finance anticipate a boom in …
Banks Execute BNM’s Five Key Measures to Fight Financial Scams
KUALA LUMPUR: Bank Negara Malaysia has unveiled five critical steps to fight financial fraud. The …
Fintech Firms Suffer a Data Violation Due to a Critical Zoho Flaw
When a cyberattack occurs on a platform offering services to the fintech business, the data of its …
Is this the End of Hong Kong’s Fintech Talent?
It’s possible that Hong Kong’s fintech talent will come home now that the government is …
CIMB Launches a New Mobile Banking App
With the release of the CIMB OCTO App, CIMB now offers its customers a brand-new smartphone …
BisB wins “Most Innovative Islamic Bank” Award in Bahrain
The Uk-based company International Finance Publications Limited has recognized the Bahrain Islamic …
How Does Islamic Finance Protect Investors?
The transparency and structure demanded of Islamic finance that is attracting investors burned by …
How To Invest in Islamic Finance in a Bear Market?
Halal investing has been an important topic for our readers. We often get questions on how to invest …
Australia’s First Islamic Bank Secures License
Australia’s first-ever Islamic bank has just been licensed and will begin beta testing with a small …
How To Fund Our Mosques in Non-Muslim Countries?
Mosques in Japan, the US, France, the UK, and many other non-Muslim countries often face difficulty …
What Are the Advantages of Learning and Investing in Halal Stock?
Halal stocks are one of the most popular investments for Muslims. They provide a means for them to …
‘The Music Has Stopped’ For the Crypto World
Crypto companies are laying off staff, freezing withdrawals, and trying to stem losses, raising …
Will 2022 be A Banner Year For Islamic Fintech?
The Islamic fintech industry is growing steadily. Interest and investment in its various subsectors …
Dubai’s MRHB to Release Major Halal DeFi Solutions
Ethics-focused decentralized finance platform MRHB from Dubai has announced three world-first …
IsDBI and IICPSD Launch Pioneering Online Course on Islamic Finance for SDGs
The Islamic Development Bank Institute (IsDBI) and the UNDP Istanbul International Center for …
What is Halal Home Financing? How Does It Work?
Have you ever wondered how Muslims could buy homes if they cannot afford to pay the price by using …
Manzil To Expand Halal Financial Services
Manzil, which offers Halal-certified investment and home financing solutions, aims to help Muslim …
DeFi Platform Marhaba to Tap $3 Trillion Islamic Economy With Halal-Certified NFTs
Marhaba DeFi Network (MRHB), a Muslim-focused “ethical” decentralized finance platform, has …
Islamic Banking in Pakistan To Outpace Conventional Peers by 2026
With a continued strong growth trajectory, Pakistan’s Islamic banking industry is estimated to …
Shariah Experts Issues World’s First NFT-based Halal Certification
Shariah Experts Ltd. has become the world’s first halal advisory firm to issue shariah compliance …
UAE to Provide Insurance For Unemployed Workers
The United Arab Emirates (UAE) on Monday approved an unemployment insurance scheme to provide …
Wahed appoints former SEC Director Lori Richards to Board of Directors
New York: Wahed, a global fintech company that encourages social responsibility and financial …
Shariah Experts Ltd Issues World’s First NFT-Based Halal Certification
Shariah Experts Ltd. has become the world’s first halal advisory firm to issue shariah compliance …
IsDB Institute Unveils New Brand Identity
The Islamic Development Bank Institute (IsDBI) has unveiled a new brand identity, following the …
Dubai’s Dar Al Takaful, Abu Dhabi’s Watania To Merge Into UAE’s Largest Islamic Insurance Provider
The merger will involve a share swap, whereby shareholders of Watania, now listed on the Abu Dhabi …
IsDB Asks Banks and Financial Institutions To Issue Sukuk in Dollars
The Islamic Development Bank (IsDB), a leading multilateral development bank with the highest …
Crypto Startup To Use Sharia-Compliant Digital Assets for Expansion
Fasset has been working with prolific Islamic finance jurists and thought-leaders to educate the …
Pakistan’s Zaraye, a B2B Platform, Raises $2.1M from Tiger Global
Obtaining raw materials is a major pain point for Pakistan’s manufacturers, who need to have …
Abu Dhabi’s ADQ Invests $20B in Egypt’s Commercial International Bank
The Abu Dhabi investment company is taking stakes in multiple publicly-listed companies in Egypt as …
Emirates Islamic Launches Services To Support UAE Companies
The new account builds on the bank’s ongoing commitment to supporting the UAE’s SME sector, which …
PayHalal Partners With Atome to Offer Islamic Buy Now, Pay Later Feature
Shariah-compliant payment gateway PayHalal is now offering merchants participation in its inaugural …
Oman’s Islamic Banking Growth To Continue Despite Challenges
Muscat – Oman’s Islamic banking sector is likely to sustain its strong growth trajectory in the …
Islamic Fintech Needs Conducive Ecosystem To Grow Exponentially
THE global Islamic fintech market needs a conducive ecosystem to achieve exponential growth …
Malaysia Seeks Sustainable Lead to Drive Islamic Finance Growth
Islamic finance pioneer Malaysia is looking for new drivers to reignite growth for its $286 million …
Oman’s Islamic Banking Industry Growing
The Islamic banking sector in Oman is likely to sustain its positive trajectory in the …
Taliban to Replace Conventional Banking Network With Islamic Banking
The Central Bank of Afghanistan will update the south-central Asian country’s financial …
World’s First Shariah Compliant Crypto Exchange To Launch in March
GC Exchange will launch on 30th March 2022, the first Shariah-compliant Crypto Exchange, based on …
Top 5 Ways To Increase Awareness About Islamic Finance
In 2021, global Islamic financial assets reached an all-time high of more than $4 trillion marks as …
What Are NFTs?
The halal Times editors have written about the NFTs on various occasions in the past as well. …
ESG Goals Could Help Boost Islamic Investing
The global Islamic finance market could expand dramatically if its goals are combined with those of …
Is Cryptocurrency A Bubble?
Depending on whom you ask, blockchain technology is either a revolutionary and disruptive …
Qatar Consistently Among Top 10 in Islamic Finance Globally
Doha: Qatar, which has QR528bn of Islamic finance assets, has been consistently ranked among the top …
Australia’s Hejaz Becomes First Islamic Finance Provider on HUB24
As of Wednesday, Hejaz Financial Services’ Global Ethical Fund is available on HUB24, becoming the …
NayaPay Secures $13m Seed Funding for its Messaging and Payment App
Pakistan-based fintech platform NayaPay has raised $13 million in a seed round to roll out its …
Why Should Islamic Finance Institutions Give Priority to Women?
Financial inclusion, wealth creation, increased economic activities, and financial stability for …
4 Books to Help You Market Halal Products
The Halal industry has become a new economic sector as more companies are offering more inclusive …
Egypt Names 6 Banks For First $2bn Sukuk Issuance
Egypt has named six international banks to manage the sale of its first sovereign Sukuk worth $2 …
With Mission To Halal Investing and Shopping IMAN Raises S1M Seed Funding
An Islamic FinTech start-up IMAN closes $1 million in seed funding to introduce a new financial …
What is the Future of Digital Banking in UAE?
UAE is at the forefront of the digitalization of the banking industry in the region. And, it may …
Kuwait Finance House Net Profit Surges 64% to $803M
Kuwait Finance House (KFH), one of the world’s leading Islamic financial institutions, has …
Bank Nizwa Initiative Backs Tourism in Oman
MUSCAT – Bank Nizwa, a leading Islamic bank in Oman, recently hosted a creative two-day event …
Quilter Cheviot Unveils Shariah-Compliant Investment Service
Quilter Cheviot has launched a Shariah-compliant discretionary investment service which will be …
What Is the State of the Indonesian Cryptocurrency Market?
Indonesia is the largest Muslim country in terms of population. More than 6.5 million Indonesians …
CoinMENA – The Most Popular Sharia-Compliant and Halal-Investing Cryptocurrency Exchange
A Sharia-compliant product is structured under sharia rules, essentially, products with an extra …
Is This the End of Cryptocurrency As We Know It?
Starting in 2008, cryptocurrency has now become a pretty big asset class for many people around the …
Cofundr Launches ‘KITACOVER’ Campaign To Assist Malaysian SMEs
Crowd Sense Sdn Bhd (CSSB), a peer-to-peer (P2P) operator licensed by the Securities Commission …
Global Islamic Funds Market Reaching US$ 200 Billion – CIBAFI Report
The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of …
What Are Halal Investing Rules?
What are Halal investing rules? What makes an investment Halal? Is investing in shares Halal? Is …
Egypt, ITFC Discuss Aspects of Cooperation in 2022
Hala El-Said, the Minister of Planning and Economic Development and Governor of Egypt at the Islamic …
Is Cryptocurrency Halal?
Can Muslims invest in cryptocurrency? What are Halal cryptocurrencies? What do Islamic scholars say …
Takaful Ikhlas To Offer Products and Services To Tan Chong’s Customers
MNRB Holdings Bhd’s wholly-owned Takaful Ikhlas General Bhd has entered into a strategic …
UAE’s First Digital Bank Starts Advertising on Billboards
The fastest and most secure banking service provided by UAE’s first digital bank Al Maryah …
What is the Likely Impact of LIBOR’s Demise on the Islamic Banking Industry?
The New York Times reported on 12 January the demise of LIBOR. It was 52. For the last five decades, …
How Should We Market Islamic Banking To Non-Muslims?
Islamic banking, a rapidly expanding sector, is founded on principles of fairness, transparency, and …
How Can Islamic Banks Survive in the Age of Fintech?
The other day I was talking to a high-ranking professional working for a top UAE bank about the …
IsDB Injects $252.5M Into Pak Energy Sector
The Islamic Development Bank (IsDB), has approved $252.5m for financing two vital projects in …
CreditPer & PayPro to Offer Customers Interest-Free Loans in Pakistan
CreditPer, a pioneer in digital financial services in Pakistan for individuals and businesses alike, …
SBP Introduces Shariah Compliant OMO Injections for IBIs
The State Bank of Pakistan (SBP) has introduced Shariah compliant standing ceiling facility and open …
Bank Nizwa Extends Its Financing Facilities to Khazaen Dry Port
The sultanate’s leading Islamic bank, Bank Nizwa on Wednesday celebrated and marked the official …
Malaysia Ready to Become a Global Leader in Islamic Fintech
The Islamic fintech sector is undergoing rapid digitalization, matching the speed of the digital …
What Is the Role of Fintech in the Rise of Islamic Finance?
When it comes to fintech innovation, most conversations typically revolve around the diversification …
INCEIF Becomes a Premier Educational Institution for Islamic Finance
INCEIF becomes a premier educational institution of Islamic finance globally. The 12th Convocation …
Hejaz Planning To Become First Islamic Bank in Australia
Hejaz Financial Services, one of the leading providers of Islamic finance in Australia, is set to …
Saudi Arabia Hosts Forum on Islamic Banking
Saudi Arabia Cements Leadership in Islamic Banking: First National Forum Explores Industry’s …
Why Collaboration Is Key to Unlocking the Future of Islamic Finance?
Banks and FinTech companies need to join hands to create innovative Sharia-compliant products that …
Bank of England Opens Alternative Liquidity Facility For Islamic Banks
The Bank of England has today opened the Alternative Liquidity Facility (ALF), which has taken …
Digitization of Islamic Financial Services Must For Pak Economy
Adviser to Prime Minister (PM) on Finance and Revenue Shaukat Tarin on Tuesday asked financial …
How Do Muslims Think About Islamic Wealth Management?
In the dynamic and evolving landscape of Islamic wealth management, contemporary studies have …
Egypt’s 2021 Sukuk Issuance Less Than Expected
Contact Financial Holding launched the only Sukuk issuance YTD in Egypt, with a value of EGP 2.5bn. …
What Can Sukuk Learn From Social Impact Bonds in the Context of COVID Crisis?
Beyond the lack of financial resources, delivery failures are among the main causes of poor public …
How Islamic Banks Are Making Their Mark in the Post-Pandemic UAE
New research shows the gap between the penetration of conventional and Islamic banking products in …
What Is the State of Islamic Banking in India?
Public interest litigation (PIL) filed in J&K High Court on Interest-free banking has once again …
INCEIF Hosts Dialogue On Islamic Fintech
The 4th Islamic Fintech Dialogue 2021 (IFD2021) was successfully held virtually last week under the …
On Setting the Direction of Future Research in Islamic Economics and Finance
Ideas generate knowledge, the research develops and shapes it. But what we choose to explore is …
Islamic Finance Industry Set to Hit $4.94trn in 2025
The Islamic finance industry is set to hit $4.94trn by the year 2025. The report highlighted new …
What Does the Future Hold for Islamic Finance?
After remaining resilient in 2020, the Islamic finance segment is performing strongly this year, as …
Adib Appoints Al Awadhi as Group Chief Executive Officer
Abu Dhabi Islamic Bank’s (Adib) Board of Directors has announced the appointment of UAE National …
Indonesia’s Largest Crypto Exchange Respond to Ulema’s Bitcoin Fatwa
sIndodax, Indonesia’s largest crypto asset exchange by the number of users, has reacted to the …
Nebix Joins Qatar Financial Centre to Create Opportunities for Qatari Financial Institutions
Qatar Financial Centre (QFC), an onshore financial and business center in the region, has recently …
What Should be The Role Of Islamic Green Financing?
The grave implications of climate change and environmental degradation have pushed the need for a …
Crypto Is Haram, Says Top Indonesian Shariah Scholar
Cryptocurrencies don’t follow Sharia tenets and should not be used by Muslims, Indonesia’s National …
Islamic Finance Industry Needs Rapid Digitization
State Bank of Pakistan Governor Dr Reza Baqir has said that the Islamic finance industry needs to …
Bangladesh Policy Measures May Help Grow Islamic Finance
A recent policy push by the Bangladesh government to develop Islamic finance could, if sustained, …
MicroLEAP to Finance Agri Sector Via MDEC’s Agtech Program
Shariah-compliant P2P (Peer-to-Peer) financing platform microLEAP has announced its collaboration …
Malaysian P2P Platform Appoints New Head of Islamic Products
Tasked with introducing Shariah-compliant products to the market, Rosalinda is expected to take …
Expert Predicts Significant Rise in Global Islamic Finance Assets
According to Sanusi, the global Islamic financial market has witnessed rapid growth over the last …
Top British Financier Enters Bahrain to Target Islamic Tech Space
Stella Cox CBE, Islamic finance government lobbyist and head of DDCAP Group, has commended the …
Higher Demand For Ethical Banking Spurs Growth in Islamic Finance
In recent years, we’ve seen growing consumer demand for banks to become more ethical in their …
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 …
Islamic Finance Offers Huge Potential for Qatar and Turkey Cooperation
Islamic finance offers huge opportunities for cooperation and growth for Qatar and Turkey, according …
Major Indonesian Islamic Organization Declares Crypto Haram
The East Java branch of one of Indonesia’s largest Islamic organizations Nahdlatul Ulama (NU) has …
FAIR Neobank Revolutionizing Ethical Banking in North America
FAIR Neobank: Disrupting the Landscape with Ethical & Halal Banking Solutions for the …
Pakistan to Issue Dollar Sukuk By Year-End
Pakistan plans to issue a dollar-denominated Sukuk of $1 billion within the next two months as it …
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 …
Can Cryptocurrencies Help Grow Islamic Finance Industry?
The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Islamic …
First Abu Dhabi Bank Earns Dh9.2b Net Profit for First 9 Months of 2021
The biggest bank In the UAE, Abu Dhabi’s FAB, recorded a sharp 26 percent Increase In …
What Is the State of the Islamic Fintech Industry in Malaysia?
In the recent release of the Capital Market Masterplan 3 by Securities Commission Malaysia (SC), it …
Malaysia’s Social Commerce Player Baloy Raises RM6.18 Million in Equity Crowdfunding Campaign
Baloy, an e-commerce platform made for grocery shopping with a unique Online-to-Offline …
Dubai Islamic Bank Training A New Generation of Local Leaders
Dubai Islamic Bank (DIB), the UAE’s largest Islamic Bank, has made great strides in achieving its …
What Is Social Cryptocurrency & Why We Need It?
Money is at the heart of any financial system. It is the “joints” that link markets across space and …
Malaysia Fast Becoming A Leading Islamic Finance Hub
Malaysia is on the right track towards becoming a leading global Islamic finance hub with consistent …
What Is the Relationship Between Zakat and Islamic Fintech?
In today’s fast-paced world, technology has transformed almost every aspect of our lives. The …
Islamic Finance As A Startup Requiring (Self) Disruption
Over the next 10 years, I expect many more industries to be disrupted by software, with new …
Ethical Investing: Cocoa Invest Blends Experience With Shariah Principles to Attract Investors
Ethical Investing: Cocoa Invest Blends Experience With Shariah Principles to Attract …
UK’s Maydan Capital Unveils Platform To Connect Early-Stage Islamic Fintechs With Potential Investors
Maydan Capital matches capital groups with ethical, early-stage tech companies
UK FinTech operator …
Qatar On Its Way To Becoming A Global Fintech Hub
With a new strategy and supporting programs, the fintech industry could be one of the largest …
Bahrain Sukuk Al-ijara Oversubscribed By 400%
The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing …
CIBAFI and AAOIFI Launched an Online Workshop on Ethics
The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Accounting and …
UK-Based Muslim Charity NZF Increases Housing Grant By 50%
In response to the recent change in renting law, UK Muslim Charity, National Zakat Foundation (NZF), …
Luxembourg Becomes A Leading Global Hub For Islamic Finance
The Grand Duchy of Luxembourg benefits from a long history in Islamic finance when in 1978 …
Islamic Fintech Industry in Southeast Asia Growing Fast
iFintechs, or, Islamic fintechs, are seeing rapid growth and opportunities in Southeast Asia. …
CIMB Wins Best Islamic SME Award
KUALA LUMPUR: CIMB Islamic Bank Bhd and CIMB Bank Bhd have won the awards for Best Islamic Bank and …
Islamic Fintech Firms Should Go Mainstream
ONE of the growth areas that Islamic financial technology (fintech) companies should capitalize on …
Wealth and Values
Personalized wealth management app Cocoa Invest – with its halal but diverse investment …
Fair Neobank Announces Upto 4% Return on Investment Accounts
Fair, the first halal-certified neobank in the U.S., today announced the launch of a wealth-building …
Indonesian Halal-Focused Social Commerce Startup Evermos Lands $30M Series B
Evermos is an Indonesian social commerce startup with two goals: to let people earn extra income by …
Colendi May Become the First Fintech Unicorn in Turkey
The fintech venture Colendi has raised $30 million in the Series A investment round, $12 million of …
Challenger Bank Alif Secures $58M To Expand Geographically
Tajikistan-based FinTech Alif has raised $58m UK-based investment vehicle Jefferson Capital to grow …
Higher Oil Prices Force GCC Sukuk Issuances to Decline
Higher oil prices in GCC countries have reduced funding needs. Lower funding needs and high …
Ethis Group, Islamic Crowdfunding Startup, Raises US$1.64mil from Super Angels
Ethis Global Sdn Bhd, which operates regulated Shariah-compliant, ethical, and impact-focused …
Pakistani Islamic Microfinance Pioneer Wins Asia’s ‘Nobel Prize’
Dr. Muhammad Amjad Saqib, an Islamic microfinance pioneer, has won the Ramon Magsaysay Award for his …
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 …
Nigeria Becomes Fintech Capital of Africa
Nigeria`s Lagos has become the fintech capital of Africa. It recently overtook Kenya`s Nairobi as …
ADIB Launches Digital-Only Bank for Tech-Savvy Generation Z
Amwali aims to empower the UAE’s growing youth segment and will offer knowledge resources to help …
Indonesian Takaful Sector To Become More Competitive
The Takaful sector in Indonesia is expected to become more competitive in Indonesia as more players …
First Shariah-Compliant eWallet Product Launched in Malaysia
Touch ‘n Go Group said that Principal e-Cash Fund, the underlying fund for Touch ‘n Go’s GO+, is now …
First Islamic Bond in Tanzania Oversubscribed
The maiden Sukuk bond to have been issued in Tanzania was oversubscribed last week as investors’ …
Fair Gets Ready To Take The US Remittances Market By Storm
The battle for the remittances market in the US and around the world is intensifying as migrants are …
Why Should You Care About Islamic Fintech As A Consumer?
Why should you care about Islamic fintech as a consumer? Who are the target audiences of Islamic …
Can We Use Fintech To Support SMEs?
Access to finance has traditionally been a challenge for small and medium enterprises (SMEs) across …
Fardows, a Halal Islamic Challenger Bank Launches its Waitlist to Public
Fardows, a US-based Halal Islamic Neo Bank, has officially launched its waitlist to consumers …
What Is the Impact of $ 4.7 Billion Trade Financing for OIC Member Countries During COVID-19 Pandemic?
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic …
How Millennials Are Driving Demand For Islamic Banking?
Islamic Finance is a shariah-compliant way to manage money that aligns with the principles of Islam. …
How Should Islamic Finance Industry Implement ESG Goals?
How should the Islamic finance industry implement Environment, Sustainability and Governance (ESG) …
What Is the State of the Islamic Finance Industry in Bangladesh?
What is the state of the Islamic finance industry in Bangladesh? The country may not be on the radar …
Tayyab Becomes The First Digital Islamic Bank In Kazakhstan
Tayyab becomes the first-ever digital Islamic bank in Kazakhstan. It is a fully Shariah-compliant …
Muslims Need Digital Services To Fully Embrace Islamic Finance
Social responsibility and ethical practices are among top priorities for the next generation of …
Can Takaful Sector In GCC Become Profitable in 2021?
GCC’s Islamic insurers (Takaful) are expected to face profitability challenges due to high …
How Can Islamic Social Finance Help The Needy?
Hundreds of financial institutions are involved in Shariah-compliant transactions, making Islamic …
What Is the State of the Islamic Fintech Industry in Britain?
The Islamic fintech industry has been growing exponentially. According to recent data from Dinar …
Digital Banking Challenger Alif Prepares for UK Expansion
Alif, a Tajikistan-based Islamic fintech, has announced plans to establish a presence in the UK in …
Liquidity Capital, Yas Investment Launch &100m Venture Debt Fund To Support UAE SMEs
US-based Liquidity Capital has partnered with Dubai-based Yas Investments to launch a $100 million …
Ijara Finance to Offer Full Suite of Lending Products
Islamic finance may have just reached a new level, with Sydney-based company Ijarah Finance now able …
Malaysian Tabung Haji Placed Under Central Bank Regulation as A Stopgape Solution
Malaysian Ministry of Finance (MoF) has clarified that the decision to place Lembaga Tabung Haji …
Wahed Invest To Include 1st Islamic China A-Shares 100 ETFs on Its Platform
Newly launched 1st in the World VP-DJ Shariah China A-Shares 100 ETF included on Robo Advisor …
UK-Based IslamicFinanceGuru Raises £3.0M From Outward VC
UK-based IslamicFinanceGuru has secured £3.0 million in capital through a round led by Outward …
MashreqBank In Dubai Taking Digital-Only Route
One of the oldest banks in the United Arab Emirates is preparing for a digital-only future as it …
Pakistan’s Overseas Remittances Exceed $2Bn for 10th Straight Month
Remittances from Pakistani workers employed abroad exceeded $2 billion for the 10th consecutive …
Islamic Fintech A Gamechanger For Business Transformation, Customer Experience?
Islamic fintech has emerged as a promising segment that has not only overhauled traditional methods …
Islamic Finance Assets To Hit $3.7 Trillion By 2024
The Islamic finance industry is already worth over $2 trillion, and S&P Global Ratings estimates …
Scholars to Discuss Future Of Islamic Finance After Pandemic
Kuala Lumpur, 8th July 2021 – International Shari’ah Research Academy for Islamic Finance (ISRA) …
HDC, Bank Islam Launch GO Halal Fund To Support Malaysian SMEs
Bank Islam and Halal Development Corporation (HDC) launch an RM100 Million Go Halal Fund in Kuala …
What Is Takaful and How Is It Different From Conventional Insurance?
In recent years, Takaful has gained prominence as an alternative to conventional insurance, …
Coverlo Becomes Pakistan’s First Online Islamic Insurance
Pakistan has been somewhat slow to adopt Islamic fintech. However, it seems to be changing at least …
CaizCoin, A Blockchain Platform Following Ethics and Morals of Islamic Finance
In the dynamic world of finance, the term “CaizCoin” resonates as an emblem of ethical …
Should You Align Your Investments To A Greater Purpose?
Just imagine you have some extra cash available at your disposal. What would you like to do with it? …
Kuwaiti Bank AUBK Issues $600M Mudaraba Sukuk
KUWAIT: Ahli United Bank of Kuwait (AUBK) announced its pride of the great success achieved by its …
Islamic Finance Industry Remains Resilient Amidst Pandemic
Dubai: Islamic Finance and Wealth Management industry has remained resilient amidst the pandemic …
How To Buy Your Home In A Shariah-Compliant Way?
“What is an Islamic mortgage?” — it’s a common question that many Muslims ask us. The short answer …
New Digital Banking Platform Offers Halal Certified Banking in US
A new digital banking platform has started offering the first halal-certified banking …
How To Integrate Islamic Finance With ESG Goals?
The Islamic finance industry is expanding rapidly. The industry witnessed double-digit growth of 14 …
Islamic Fintech Wahed Hires Industry Veteran to Run UK Operations
Islamic Fintech Wahed Inc has hired a finance industry veteran to run its UK-based …
Islamic Finance Can Be A Panacea For The Post-Pandemic World Economy
In the wake of COVID-19’s unprecedented global economic turmoil, Islamic finance emerges not …
Pakistan Issues Sukuk To Meet Budgetary Shortfall
Pakistan has approved the issuance of Sukuk and leases to meets its budgetary shortfall and promote …
Al Baraka Islamic Bank Receives Awards for Its Credit Card Design
Al Baraka Islamic Bank has been awarded Best Credit Card Design from MasterCard as well as Best …
Indonesia’s ‘Born-Again’ Muslims Quit Banks for Islamic Finance
A rise in religious conservatism in Indonesia is drawing talent away from what some view as …
Alizz Islamic Bank Launches Sharia-Compliant Credit Cards
Muscat- Alizz Islamic Bank, in collaboration with Mastercard, announces the launch of …
Bank Nizwa Joins Hands With AAOIFI and Fingel Global To Launch iFinovation
Muscat: Bank Nizwa’s ability to innovate and introduce new Sharia-compliant financial services has …
UAE’s Shuaa To Launch Digital Wealth Platform
SHUAA Capital psc, the leading asset management and investment banking platform in the region, today …
Egypt May Issue First Sukuk Bonds Soon
Egyptian parliament passes the sovereign bond bill.On June 6, 2021, it approved the Sovereign …
IFIN Launches Instant Islamic Financing Platform For Retailers, Islamic Finance Providers
Bahrain-based Islamic Fintech provider, IFIN (Islamic Finance Initiation Network – …
Indonesia’s ALAMI Emerging As A Major Player In Shariah-Compliant Peer-To-Peer Lending
Indonesian peer-to-peer lender ALAMI Shariah has been in the news lately. In mid-May, 2021, it …
Path Solutions Completes System Upgrade At Kuwait Finance House
Path Solutions, a global Islamic banking software company, announced that Kuwait Finance House …
Pak PM Imran Launches Pakistan’s First Green Euro Bond
Prime Minister Imran Khan Monday formally launched Pakistan’s first green Eurobond by the …
Are Big Tech Companies Destroying Bank Brands?
Big tech companies such as Apple, Facebook, and Amazon have massive user bases. Now, they are …
Impact Of Islamic Social Financing In COVID-19 Era And Beyond?
At these extraordinary times in the world, where the devastating effects of the coronavirus disease …
What Is The Rationale For Crypto Sukuk?
Some time ago, Malaysia had announced the permissibility of cryptocurrency as Halal. The topic is …
Malaysia’s US$1.3b Green Sukuk Listed On Hong Kong Stock Exchange
Malaysia’s US$1.3 billion (about RM5.35 billion) sustainability Sukuk or Islamic bonds have …
Turkey’s Islamic Banking Sector May Reach 15% Of Net Assets By 2025
Turkey’s interest-free banks, commonly known as “participation banks” within the …
Pandemic Offers Africa A Chance To Boost Sovereign Sukuk Sales
The financing required to rebuild economies in African nations following the coronavirus pandemic …
Indonesia Aims To Be The Largest Halal Economy By 2024
Indonesia has ambitious plans to make its Islamic economy sector much bigger as it has started …
Crescent Finance In Australia Pushing For Shariah-Complaint Home Loans
John Hewson of Crescent Finance wants to channel up to $5 billion in Shariah-compliant home loans …
Strong Demand For Malaysia`s International Green Sukuk
Malaysia had started offering green Sukuk recently. Domestic and foreign investors have taken a …
Immense Opportunity To Develop Islamic Banking Talents As The Industry Grows In Malaysia
Developing professionals in the Islamic banking industry globally has become vital as the industry …
Malaysia Starts Offering First-Ever Green Sukuk
Malaysia started marketing its first-ever sustainability Sukuk, adding to a growing number of …
Saudi Real Estate Refinance Eyes $1bn Sukuk by Year-End
Saudi Real Estate Refinance Company (SRC) plans to issue up to $1 billion in Sukuk (Islamic bonds) …
Bangladesh, Malaysia Discuss Islamic Finance Opportunities
Leaders of the Bangladeshi and Malaysian business communities have discussed and exchanged insights …
Could Islamic Finance Support BNPL Business Model?
Buy Now Pay Later (BNPL) programs have seen tremendous growth globally. Despite growing concerns …
Alliance Islamic Bank Targets RM100mil Financing for Halal SMEs
Alliance Islamic Bank Berhad (“Alliance Islamic Bank”) today signed a Memorandum of Understanding …
Is Caizcoin An Islamic Blockchain Platform?
Derived from the Arabic word Caiz, Caizcoin is an Islamic Blockchain platform that provides money …
Qatar FinTech Hub Announces Wave 2 Of Its Incubator, Accelerator Programs
22 FinTechs selected to take part in Wave 2 of the Incubator and Accelerator Programs to run from …
Mambu Launches Shariah-Compliant Cloud Banking Platform
Mambu, the newly-minted fintech unicorn, today announced the highly anticipated launch of the …
Aligning Your Investment Goals And Values – Introducing Aghaz
Do you care enough about your belief system? Do you give importance to environmental, social, and …
Qatar Fast Becoming An Islamic Fintech Hub
The recent consolidation initiative of Islamic banks in Qatar is likely to increase their overall …
Everything You Need To Know About Zakat In 2024
Discover everything you need to know about Zakat in 2024 and beyond, a foundational element of the …
Dubai Islamic Bank, Codebase Technologies Launch Pakistan’s First Roshan Digital Account App
Dubai Islamic Bank Pakistan Limited (DIBPL), World’s First Islamic Bank, announced the launch of its …
Turkey Fast Becoming A Haven For Islamic Finance
Turkey is likely to become an attractive center for interest-free Islamic finance after a new …
Islamic Finance Could Reduce Poverty
Islamic finance could reduce poverty and the economic challenges associated with it. The way to do …
Indonesian P2P lender ALAMI Buys Shariah Bank
The Sharia-compliant peer-to-peer (P2P) lender ALAMI Technologies has acquired a Sharia rural bank, …
SHUAA Capital Leads US$50 Million Sukuk Funding Round for Pure Harvest Smart Farms
SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the …
Conference In Qatar To Discuss The Role Of Islamic Finance In Overcoming Crises
The 7th Doha Islamic Finance Conference will be held virtually from March 30 to April 1 under the …
Fintech, Digitization To Help Islamic Finance Industry Grow
Higher digitalization and financial technology (fintech) collaborations can help strengthen the …
Malaysia Leads The Global Sukuk Market In 2020
Malaysia has topped as the largest Sukuk market in 2020 by issuing more than 45% of the world’s …
Major Australian Aggregator To Provide Islamic Mortgage Services To Muslims
Islamic mortgage services AustraliaOne of the largest mortgage aggregators in …
Indonesia To Support Takaful Sector To Boost Economic Recovery
Fitch Ratings-Jakarta-04 March 2021: The nascent takaful sector in Indonesia is gaining market share …
Maybank Appoints Shahril As Chief Sustainability Officer
Malayan Banking Bhd has appointed Shahril Azuar Jimin as its chief sustainability officer (CSO) to …
BIMB Investment Launches Makmur myWakaf Fund To Help The Needy
BIMB Investment Management Bhd launched the Makmur myWakaf Fund (MWF) on Wednesday for the investors …
Masraf Al Rayan To Double Sukuk Issuance To $4bn
Masraf Al Rayan, a Qatar-based Islamic bank that is in the midst of merging Al Khaliji to create a …
Malaysia’s Islamic Banking Sector On The Rise Despite Pandemic
Despite the economic challenges posed by the COVID-19 pandemic, Malaysia’s Islamic banking …
Aghaz Launches Values-Based Trading In The US
Aghaz Investments, an Islamic financial institution based in the US, is currently targeting …
Global Sukuk Issuances Decline in 2021 Due to Higher Oil Prices
Global Sukuk issuance in 2021 is far short of the records set in previous years as the rise in U.S. …
How To Grow Islamic Fintech Sector in 2021?
There has been a strong demand for Islamic fintech products almost everywhere. Countries have been …
Strong Demand, State Support To Drive Islamic Finance Growth Globally
Islamic finance, which has been forecast to reach $3.69 trillion by 2024 globally in terms of …
Middle East Banking Innovation Summit To Evaluate Latest Advancement In Fitntech
The Annual Middle East Banking Innovation Summit next week will showcase the latest advancements in …
Malaysia To Lead Sukuk Issuance In 2021
Malaysia will continue to lead the global Islamic financial market in terms of Sukuk issuance this …
Bushra Business Bank, Profinch Solutions To Provide Digital Banking Services In Somalia
Bushra Business Bank, a leading commercial bank offering conventional and Islamic banking services …
Turkey`s Islamic Finance Assets To Double In Five Years
Turkeys Islamic finance assets are set to double in the next five years, Moodys reported recently. …
Aafaq Islamic Finance Introduces ‘Osool’ To Empower Emirati SMEs
Competition is growing among the UAE-based Islamic financial institutions to support the country`s …
Emirates Islamic Expands Its Support Network For SMEs
Emirates Islamic, one of the largest Islamic financial institutions based in UAE, has expanded its …
Demand For Islamic Financial Products Grows
The demand and acceptance for Islamic banking products continue to rise in Malaysia and other …
Deutsche Bank To Announce A Major Sukuk Issuance In Saudi Arabia
Deutsche Bank expects to bring to the market a “major” Islamic bond in Saudi Arabia by the end of …
How Is Islamic Fintech Going to Evolve In 2021?
How is Islamic fintech going to evolve in 2021? What are the trends it expects to follow? Is it …
How Can Islamic Fintechs Help Small Businesses?
Imagine yourself as the proud owner of a small business that has been trying hard to make ends meet …
Alizz Islamic Bank appoints New Sharia Supervisory Board
Muscat: Alizz Islamic Bank recently announced the appointment of a new Sharia Supervisory Board. …
Riyad Bank To Debut $2.67b Sukuk
Riyad Bank plans to establish a domestic SAR-denominated Sukuk issuance program of up to SR10 …
How Islamic Fintech Can Reduce Poverty & Unemployment?
Islamic fintech could reduce poverty and unemployment. It could reduce the scourges with the help of …
How Islamic Finance Can Tackle Global Challenges In The Post-COVID-19 Era?
Islamic finance has the potential to create a positive impact and help in addressing the devastating …
Can Blockchain Technology Help Islamic Banking?
Blockchain technology is going to change everything”. This claim was made many times over the past …
Should Malaysia Use Blockchain Technology To Certify Halal Products?
In 2018, Malaysia accounted for only 1 percent of the global halal demand – proving there are …
Saudi Arabia Poised to Become a Global Leader in Islamic Finance
The Kingdom of Saudi Arabia, being the largest Islamic finance market globally in economies with …
IRTI Launches Saudi Arabia Islamic Finance Country Report
In conjunction with the G20 Summit being held in Saudi Arabia on 21-22 November 2020, the Islamic …
Why Do You Need To Know the Basics of Islamic Finance as a Muslim?
Why do you need to know the basics of Islamic finance as a Muslim? The answer to this question may …
Pandemic Forces Global Sukuk Volume To Fall This Year
The global Islamic finance industry is expected to contract this year as Sukuk issuance has dropped …
Does Blockchain Technology Have Value for Islamic Finance?
Everyone seems to be talking about the pervasiveness of blockchain technology. It is claimed to be a …
What Is The Role Of Embedded Finance In The Growth Of Islamic Fintech?
eCommerce is booming all over the world. The ongoing COVID-19 pandemic has made online businesses …
ADIB Launches UAE`s First-Ever Virtual Sales Platform
Abu Dhabi Islamic Bank Revolutionizes Customer Experience with First-Ever Virtual Sales Platform in …
Malaysia Announces Permissibility of Cryptocurrency As Halal
Malaysian religious authorities announced the permissibility of cryptocurrency as Halal. Not long …
Fintech Can Promote Islamic Finance In Nigeria, Jidda
The convergence of fintech and Islamic finance presents a transformative opportunity to reshape the …
ICD Completes Pricing for a 5-Year US$ 600 Million Sukuk Issuance
Islamic Corporation for the Development of the Private Sector (ICD) Completes Pricing for a 5-Year …
Islamic Fintech Playing An Important Role In Africa
The roll-out of shariah-based digital financial products will deepen Islamic Finance in Nigeria. …
Pak K-Electric Offers 7% Profit On Islamic Bonds
Recently, K-Electric, the main electricity supplier in Karachi, Pakistan issued Sukuk (Islamic …
Fintech Playing A Crucial Role In The Growth Of Islamic Banking Industry
Islamic Banks all over the world have been adopting financial technologies to streamline their …
Maldives To Issue Sukuk To Help Restart Its Economy
The Maldives plans to issue Sukuk to help restart its tourism-focused economy affected by the …
Nasdaq Dubai Welcomes DIB`s Sukuk
Nasdaq Dubai welcomed the listing on Tuesday of a $300 million Sukuk issued by Dubai Islamic Bank …
Uzbekistan To Issue Green Sukuk To Strengthen Its Financial Markets
To allure investors from the Islamic financial world, Uzbekistan is eyeing a green debt sale that …
Saeed Lootah, The Founder Of First Islamic Bank Passes Away
Haj Saeed bin Ahmed Al Lootah, the founder of the world’s first Islamic bank, has passed away. …
Top Three Emerging Trends In Islamic Finance Due To COVID-19
The COVID-19 pandemic crisis has affected most of the economies around the world. Governments have …
IRTI Launches Blockchain-based Smart Credit Management Platform
The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group has …
Experts To Discuss Future Of Islamic Economics & Finance
Experts are scheduled to discuss the future of Islamic Economics & Finance online between June …
UAE Zakat Fund Offers AED38.6 Million To Support The Needy
The Zakat Fund Disbursement Committee in Abu Dhabi has approved AED38.6 million for the needy, as …
Islamic Fintech Startup Manzil Seeks Funds Via Crowdfunding
Manzil, a Toronto-based Islamic FinTech startup that offers shariah-compliant financial solutions …
Bank Nizwa Ranks As the World’s Best Islamic financial institution
Establishing itself as one of the leading Islamic banking institutions globally, Bank Nizwa was …
COVID-19 To Put Global Sukuk Issuance To Reverse
Though it has looked like last year’s recession scare was a false alarm, the global Sukuk market is …
Islamic Finance Gaining Ground In China
Islamic Finance has become a potential growth sector in China after the COVID-19 pandemic is over. …
Halal Angels Network Aims To Tap $5trn
The World’s First Halal Angels Network was launched to promote innovation, entrepreneurship & …
PSE Eases Rules On Islamic Finance Industry
In a bid to grow the Islamic finance industry in the Philippines, the Philippine Stock Exchange, …
Oman Arab Bank To Merge With Alizz Islamic Bank
Oman Arab Bank and Alizz Islamic Bank are planning to merge after securing regulatory approval from …
Stock Markets in Asia Surge, Even as China’s G.D.P. Falls
Asian markets rallied on Friday. Cathay Pacific Airways, Hong Kong’s flag carrier, said that it had …
Turkey Enables Sovereign Fund To Support Economy
Turkey allowed its sovereign wealth fund to take over private companies in distress as part of a …
ITFC Gives $850 Million To OIC Members Hardest Hit By COVID-19
The International Islamic Trade Finance Corporation (ITFC) plans to give $850 million to OIC member …
ADIB Becomes First Islamic Bank To Use Blockchain For Trade Finance Transactions
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution in the United Arab Emirates, …
Islamic Fintech Industry Embracing To Serve Customers
The fintech industry is booming. It is fast overtaking traditional financial methods to deliver …
Islamic Finance Strengthening Its Roots In Canada
Islamic Finance strengthening its roots In Canada. That is the key phrase we got from the article …
Islamic Finance To Expand In 2020 As Demand For Shariah-Compliant Products Grows
Islamic finance is poised to expand in 2020 and beyond, helped by the growing use of …
Philanthropy Combating Coronavirus In Pakistan
Outside grocery stores in Karachi, a remarkable scene has been unfolding over the past two weeks. …
Malaysian Financial Sector has considerable Promise for Expansion
In Malaysia, where annual economic growth has averaged just under 5 percent over the past five …
Nigerian Official Urges Businesses To Explore $3 Trillion Halal Fund
The President, Abuja Chambers of Commerce and Industry (ACCI) Adetokunbo Kayode has urged Nigerian …
Islamic Finance In Qatar Growing Exponentially
Doha, Qatar: H E Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, has stated that Qatar …
Qatar To Emerge As The World’s Leading Islamic Finance Hub
With a fast-growing Islamic finance industry, Doha has all the potential to emerge as the ‘Capital …
Malaysia Finalizes Regulations For Digital Islamic Banks
There has been a lot of talk about digital banks in different parts of the world. Malaysia, having …
Global Islamic Economy Summit To Hold Roundtable At Halal Hannover
For the first time, the world’s largest summit on the Islamic economy is coming to German-speaking …
Saudi Arabia Moving Away From Oil To Financial Technology
Crude oil production in Saudi Arabia slowed down considerably last year, from 10,643 BBL/D/1K in …
Alliance Islamic Bank Launches Halal-in-One Program To Help SMEs
Putrajaya, – Alliance Islamic Bank Berhad (“Alliance Islamic Bank”), a subsidiary of Alliance Bank …
State of The Islamic Fintech Industry in 2020
Islamic financial technology firms, or Islamic fintechs, are moving center stage in the global …
Malaysia Still A Leader In Islamic Banking
Malaysia is recognized as a “global leader in Islamic banking”. It is a sector that is …
Istanbul Finance Center to be role model: Malaysian CEO
A top Malaysian businesswoman has expressed high hopes from the Istanbul Finance Center, an upcoming …
Turkey, Qatar, Malaysia Poised To Lead Islamic Finance Industry
Turkey, Qatar, Malaysia are poised to lead the Islamic finance industry in the coming years, the CEO …
Bank Nizwa Recognized As The Leader In Islamic Finance In Oman
Bank Nizwa, Oman’s fastest-growing Islamic bank continues to excel in providing excellent customer …
Malaysia Should Lead Islamic Social Finance Endavors
According to the State of the Islamic Economy Report 2018/19, Malaysia has retained its status as …
Who Is Going To Control The Islamic Finance Industry?
Who is going to control the Islamic Finance industry in the next five years? That is the question …
Malaysia: Islamic Finance Should Be A Part Of Halal Ecosystem
TEHRAN (IQNA) – Action needs to be taken to make Islamic finance part of the halal ecosystem, said …
Is There Any Takaful Product For The Poorest? ISRA May Have The Answer
Is there any Takaful product for the poorest of the poor? Well, ISRA, the International Shariah …
KFH Wins `World`s Best Islamic Financial Instituition 2019` Award
KUWAIT: Kuwait Finance House(KFH) has won World’s Best Islamic Financial Institution 2019 award from …
Saudi Bank NCB Posts 20% Increase In 3rd Quarter Profits
Saudi Arabia’s National Commercial Bank reported a 20 percent year-on-year increase in …
IDB President To Chair Global Banking Meetings
JEDDAH: A Saudi economist who is president of the Islamic Development Bank has been selected to …
Indonesia Issues World`s First Blockchain Sukuk
Indonesian Islamic microfinance cooperative BMT Bina Ummah has raised 710 million rupiah ($50,000) …
Indrawati`s Reappointment As Finance Minister of Indonesia Could Boost Islamic Finance Industry
Sri Mulyani Indrawati has been reappointed as Finance Minster of Indonesia. This could provide a …
Iran To Announce $877m Sukuk Sale
The Ministry of Economy in Tehran has plans to issue Manfa’at Sukuk worth 100 trillion rials ($877 …
Malaysian Islamic Crowdfunder to Work with IsDB Arm to Enter New Markets, Eyes Central Asia, Africa
KUALA LUMPUR – The private sector arm of the Islamic Development Bank will market a Malaysian …
Kuwait’s Warba Bank lists $500 million Sukuk on Nasdaq Dubai
The lender will use the proceeds to support further expansion and development plans across a full …
A Glance at Malaysia’s Fintech Friendly Budget 2020
Malaysia’s Budget 2020 was tabled last Friday, charting the economic direction of the nation. …
Kuwaits Warba Bank Rings Market Opening Bell To Celebrate Listing Of USD 500 Million Sukuk On Nasdaq Dubai
The capital raised by the Sukuk supports Warba Bank’s further expansion and development plans across …
AmBank Islamic Wins Best Islamic Finance SME Bank Malaysia Award
KUALA LUMPUR (Oct 8): AmBank Islamic Bhd has been named the Best Islamic Finance SME Bank Malaysia …
Islamic Financing To Grow On Back Of Airlines` Desire To Refinance Debt
Carriers to seek Islamic debt instruments in near-to-medium term for refinancing, Fitch …
Four Key Trade Bodies Agree To Grow Green Sukuk Sector
Dubai Islamic Economy Development Centre has announced an agreement with the Dubai International …
Bank Nizwa Nurtures Growth of Omani Experts in Islamic Finance
Bank Nizwa has a 91% Omanization rate despite being within the fairly new industry of Islamic …
Mohamed Alabbar Rings Nasdaq Dubai Bell for Emaar’s Sukuk
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DUBAI — Emaar Properties, the Dubai-based property development giant behind the world’s …
Islamic finance 101: Debunking the Common Myths
Islamic finance is one of the fastest-growing sectors in the world, targeting a vast portion of the …
Four Iranian Banks Listed Among Top Islamic Banking
According to the CBI’s Monetary and Foreign Exchange Research Center, four Iranian banks named ‘Bank …
The Next Step to Boost Islamic Finance Education
MALAYSIA is recognized globally as a leader in Islamic finance. The country ranked among the top …
Indonesia to Launch Islamic Fintech Roadmap Q3 2020, Focus on ‘Useful’ Tools for Society, ‘Daily Halal Lifestyle’
Indonesia will launch its Islamic fintech roadmap in the third quarter of 2020, Afdhal Aliasar, …
Islamic Fintech Pioneers Test Creative Ways to Engage Consumers
In 2015, Junaid Wahedna stepped out of a taxi in New York, bewildered by the conversation he had …
Dubai Signs Key Deal to Grow Green Sukuk Sector
Dubai Islamic Economy Development Centre announces agreement with the Dubai International Financial …
HalalBooking Raises $2 Million in New Funding
HalalBooking announced a pre-series A round, with a valuation of $50 million USD$2 million was …
U.S. Sanctions Iran’s Central Bank, National Development Fund, and Etemad Tejarat Pars
In a failed attempt to disrupt the global economy, the Islamic Republic of Iran attacked …
Islamic Banking Holds Huge Growth Potential: Moody’s
KARACHI: Rating agency Moody’s on Thursday said Islamic banking in Pakistan has substantial growth …
Increased Islamic Banking Penetration Supports Pakistani Banks’ Profitability
Moody’s Investors Service has in its report on Pakistan’s Islamic banking landscape highlighted the …
Saudi Islamic finance penetration to rise to 80% of loans over next 18 months
Saudi Arabia is expected to see a rise in Islamic finance penetration over the next 12 to 18 months, …
Gulf Islamic Banks Poised for Mid-Single Digit Asset Growth Over Next 18 months
Islamic banks in the Arabian Gulf will see “mid-single-digit growth” this year and next …
Slow Growth is New Norm for Islamic Finance
Dubai: The global Islamic finance industry will continue to expand at a slower pace in 2019-2020 due …
Malaysia to Boost Economy and Finances by Working on a Huge Trade Alliance
Malaysia is a small economy but has a big reputation in the world markets for its Islamic financing …
Bahrain’s Alba Plans to Raise $1.5 Billion in Bank Debt
The company’s financial performance has recently been hurt by lower London Metal Exchange (LME) …
UPDATE-U.S. PE firm Frost Capital acquires Affinis Labs in $8 mln deal, plans UK Islamic bank
*This story has been updated throughout to include comments from Shahed Amanullah, Managing Director …
New Law to Boost Islamic Financing
The Bangko Sentral ng Pilipinas (BSP) is seeing more Islamic financing activities in the Philippines …
Revitalized Islamic Banking to Boost Financial Inclusion
The enactment of a new Islamic banking law will help the Philippines achieve better levels of …
R3 To Partner Dubai Firm To Tap Into $120B Sukuk Market
R3 struck a strategic partnership with Dubai-based fintech startup, Wethaq, to build next-generation …
Islamic Financial Instituitions Urged To Provide Training To Strengthen ISME Sector
KUALA LUMPUR (Aug 28): Islamic banking institutions in Malaysia have been urged to provide extensive …
Islamic Finance Is Thriving In Malaysia, Says BNM Governor
KUALA LUMPUR (Aug 29): Malaysia’s Islamic banking industry is not phasing out of the limelight but …
Experts To Finalize Islamic Finance Regulations After Phiollpines Passes New Law
The enactment of a new Islamic banking law will help the Philippines bring about financial inclusion …
Malaysia To Focus On Halal, Islamic Finance Industries In Trade With Arab Countries
KUALA LUMPUR (Aug 14): Malaysia intends to keep its focus on the halal and Islamic finance …
Halal Hotels & Islamic Finance
Turkey has emerged as a leading destination within the halal tourism market with a growing number of …
IDB To Strengthen Partnership With Kazkhastan
President of the Islamic Development Bank (IsDB) Group Dr. Bandar Hajjar has said the bank is a …
Philpiines to Regulate Growing Islamic Banking
DAVAO CITY — The National Commission on Muslim Filipinos is pushing for the approval of …
RHB Tops MARC`s 2018 Debt & Sukuk League Table
KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) is named the top arranger by issue value of debt and …
Saudi Arabia Fines 16 Banks, Including Its Biggest Islamic Bank
Saudi Arabia’s central bank on Sunday fined 16 banks, including a UAE bank and some of …
Revenue-Based Financing, A Viable Alternative To VC Funding
Revenue-based financing is on the rise, at least according to Lighter Capital, a firm that doles out …
Alliance Islamic Bank Launches Social Crowdfunding Platform
Alliance Islamic Bank Bhd (AIS), the Islamic banking arm of Alliance Bank Malaysia Bhd yesterday …
1st Islamic Finance Center launched In Kazakhstan
NUR-SULTAN. KAZINFORM – The project was implemented in cooperation with Al-Farabi KazNU with …
Qatar Islamic Bank Launches A Takaful Product For The Poor
Qatar Islamic Bank (QIB) yesterday announced the launch of its affordable Takaful product for …
Islamic Finance Industry Still Facing Shortages of Scholars, Trained Professionals
Over the decades, the Islamic finance industry has seen significant growth and is now estimated to …
CollabDeen, A Muslim Community-Focused App Launched
CollabDeen is a Deep-Tech, AI-Powered, community management platform that helps faith-based …
Oman To Host First Islamic Fintech Forum
OiFF2019 aims at highlighting the potential Islamic Fintech has in order to develop the economy and …
Islamic Finance Opens Up new Avenues For Investors
The City of London and the UK are pioneers in creating suitable legal and regulatory frameworks and …
Oman To Host First Islamic Fintech Forum
After UAE, Malaysia, and Turkey, Elmangos brings its expertise in organizing fintech events to …
Saudi Arabia To Debut 30-Year Sukuk Issue
Demand for the new issuance, due in 2049, is equivalent to around $2.47bn, according to Saudi …
Saudi Arabia Issues 1st Sukuk
RIYADH, April 25 (Xinhua) — Saudi Arabia issued on Thursday its first Islamic bonds, or …
MBSB Bank On Investment Spree To Become A Premier Islamic Bank
KUALA LUMPUR: MBSB Bank Bhd stands out as the Islamic bank with the highest investment spend in a …
International Islamic Trade Finance Corp. Signs Agreements Of Over US$1.1 Billion
The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-IDB.org/en), member of …
Malaysia To Be A Global Islamic Finance Hub, Says Amiruddin
KUALA LUMPUR: Malaysia is on the right track towards becoming a leading global Islamic finance hub …
Saudi Aramco Attracts $100 Billion Demand for Bond Deal
After being shunned by Wall Street and international investors last year, Saudi Arabia made a …
Saudi Banks Assets To Grow In Double Digits by 2020
RIYADH — Samba Financial Group, Saudi Arabia’s third-largest bank by assets, expects Saudi …
Malaysian Banks Encouraged To Use Waqf Funds To Boost Affordable Home Ownership
Kuala Lumpur : More banks should consider Waqf funding as a tool to collaborate with other …
Saudi Aramco May Issue $10 Billion Worth Of Bonds Next Week
Saudi Aramco could issue its first ever international bonds as early as next week for about $10 …
Indonesia Raises $1.49b From Retail Sukuk
Indonesia has raised 21.1 trillion rupiah ($1.49 billion) through the sale of retail Islamic bonds, …
Mashraf Al Ryan To Debut Dollar Sukuk
Masraf Al Rayan, Qatar’s second-largest bank by market value, is eyeing a debut in the debt capital …
Etihad Credit, First Abu Dhabi Bank To Facilitate UAE Exporters
Etihad Credit Insurance (ECI) and First Abu Dhabi Bank (FAB) have partnered to help local …
World`s Largest Takaful, InsurTech Forum To Be Held In Dubai
Over 300 industry powerhouses from GCC, Asia, Africa and Europe are expected to converge at the …
Dubai`s Largest Bank Lists $1bn Bond On Nasdaq Bourse
Emirates NBD is the largest issuer of conventional bonds on Nasdaq Dubai with a total nominal value …
QIB Issues $750m Worth Sukuk
(MENAFN – Gulf Times)*The sukuk was met with strong investor demand as evidenced by the …
UK, Turkey Push Islamic Finance Through Fintech
The UK and Turkey have launched a joint initiative to try and scale Islamic finance through the …
OIC Approves Waqf Fund To Support Palestinian Refugees
The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) warmly …
Blockchain Technology to Help Penang Track Halal Products
On March 1, 2019, Malaysian Deputy Agriculture and Agro-based Industries Minister Sim Tze Tzin …
IDB Hosts Public-Private Partnerships Forum 2019
President of the IsDB H.E. Dr. Bandar Hajjar, and the Minister of Economy and Finance for the …
RHB Bank Optimistic Of Beating FY18 Record Earnings
In light of the heightened competition for deposits, the lender could see some …
Call To Adopt Islamic Economic, Banking System
LAHORE: Speakers at a conference stressed the need for adopting Islamic economic, finance and …
Qatar, Along With Turkey, Malaysia To Conquer Islamic Finance Market
DOHA — Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 …
Yasaar Group To Open A Branch Office in Brunei
Yasaar Group’s strategic expansion into Brunei with a sub-office in Bandar Seri Begawan marks …
Brunei Darussalam Now Among Top 10 Islamic Finance Markets
Brunei Darussalam continues to be among the top 10 best-performing Islamic finance markets out of …
The IFSB’s 10th Public Lecture Focuses On Financial Stability, Islamic Finance And Islamic Finance Policies
Islamic FinanceKuwait City – The Islamic Finance Services Board (IFSB) successfully …
Indonesia Raises $1.65b In First Asian Sovereign Green Bond Sale
Indonesia has become the first Asian country to sell “green” bonds internationally in a …
CIMB Investment Bank Bags 12 Regional Awards For Strong, Innovative Capabilities
CIMB Investment Bank (CIMB IB) has emerged as the top winner in investment banking at an awards …
State Bank Of Pakistan Voted As Best Central Bank For Promoting Islamic Finance
KARACHI (Dunya News) – State Bank of Pakistan (SBP) has been voted as the Best Central Bank in …
EQUATE Wins Investment Grade Bond Deal of the Year
The EQUATE Group, a global producer of petrochemicals, earned regional recognition by receiving the …
IFSB Disseminates Q2 Islamic Banking Data
Kuala Lumpur:- The Islamic Financial Services Board (IFSB) is pleased to announce the dissemination …
Qatar Bourse Continues To Be Under Bearish Spell
Qatar Stock Exchange continued to be under bearish spell to trade under 8,600 levels as foreign …
Islamic Bank Wins Best Sukuk Deal Of The Year Award At GIFA 2017
(MENAFN – Muscat Daily) Muscat- Alizz Islamic Bank recently won the award for ‘Best …
RAM Assigns ‘AA3’ Rating To Edra Energy’s Sukuk
PETALING JAYA: RAM Ratings has assigned an “AA3/stable” rating to Edra Energy Sdn Bhd’s proposed …
Bank Of Palestine Group Announces New Structure
The strategy will focus on utilising the group companies’ strengths in order to maximise …
Icd And Afreximbank Sign $100-million Line Of Financing Agreement
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of …
QIB the first bank in Qatar to implement Face ID for mobile app
Doha: Qatar Islamic Bank (QIB), has introduced facial recognition capabilities, Face ID, in its iOS …
Islamic Finance Should Fund Sustainable Development, UN Conference Told
New York- Islamic finance offers a promising alternative to traditional sources of funding and …
Growth Drivers Of Islamic Finance Trade Between Asia And The Middle East
Speaking at a conference in Singapore, Jacqueline Loh, Deputy Managing Director of the Monetary …
Why Islamic Finance Booming Around The Globe?
There is no doubt that Islamic finance is growing around the world – actually sector expert Camille …
Malaysia’s Islamic Finance Industry Urged To Embrace Fintech
Islamic banks and financial service providers in Malaysia, which is currently riding out a slowdown …
‘Halal’ Is Not Just About Food – HDC
THERE is more to the halal industry than what meets the eye despite the religious code it …
Growth of Responsible Investment In Japan, Malaysia To Constitute Core Case Studies
Under the patronage of the Scottish Government and supported by the UK Government, the 2nd edition …
Bursa Malaysia Adds Inter-Pacific to Islamic-Compliant List
KUALA LUMPUR (June 20): Bursa Malaysia Bhd has added Inter-Pacific Securities Sdn Bhd to the bourse …
ICD signs three MoUs to Strengthen Collaboration
JEDDAH — THE Islamic Corporation for the Development of the Private Sector (ICD), the private sector …
Fitch: Islamic Banking a Modest Deposit Stimulus in Morocco
Islamic banks, referred to as ‘participation banks’ in Morocco, are likely to provide a modest …
Islamic Banking Will Benefit Kenyans of All Faith
Bishop David Oginde’s opinion piece “Why expansion of Sharia laws remains perturbing” published in …
Push for Mergers Among Islamic Banks and Non-Bank Lenders in Malaysia
CONVENTIONAL banks aside, there is a push by industry players for mergers and acquisitions (M&A) …
Brunei Ranked 12th in Global Islamic Economy Indicator
BRUNEI Darussalam has been ranked 12th in the latest Global Islamic Economy Indicator (GIEI), …
Fitch Ratings Optimistic for Participatory Banking in Morocco
Rabat – Participatory banks can “modestly stimulate the growth of deposits in the country,” says …
Ithmaar Honours Staff Over Islamic Finance Training
Ithmaar Bank, a Bahrain-based Islamic retail bank, recently honoured 10 employees who earned …
Islamic Banking Gains Significant Market Share in Oman
Dubai: Islamic banking in Oman is growing at a faster rate than conventional banking segment, with …
Real Estate and Gold Driving UK Islamic Finance Offerings
UK Islamic Banks are expanding services to cater for London based property financing demand. QIB UK, …
NBF Islamic Recognised as the Best “Shari’a-Compliant Window of the Year”
National Bank of Fujairah (NBF) PJSC announced today that NBF Islamic has been recognised as the …
Emirates Islamic is First Islamic Bank to Integrate Blockchain Technology into Cheques
Emirates Islamic has announced that it will introduce blockchain technology into its cheques as a …
Islamic Banking is For Everyone, say Kenyan Authorities
Islamic banking is quickly gaining popularity in the Kenyan market, and banks have been quick to …
FTZ Contributions to Islamic Economy to Reach $117bn
The contribution of free trade zones to the Islamic economy globally is set to double to $117 …
Alizz Islamic Bank Shows keen Interest in Merger With United Finance
Muscat: Alizz Islamic Bank has expressed an interest in a merger with the United Finance Company, …
NCB Capital Announces Sukuk Private Placement
The National Commercial Bank (NCB) announces that on Thursday 5th June 2017 it successfully settled …
Clifford Chance Advises Oman on Sukuk Issuance
International law firm Clifford Chance has advised the Government of the Sultanate of Oman on its …
Path Solutions’ CEO Named Best Islamic Finance Technology CEO of the Year EMENA 2017
Path Solutions, an international core banking system provider for the Islamic financial services …
Alizz Islamic Bank Signs Pact With Orpic to Finance Petcoke Storage Project
Muscat: Alizz Islamic Bank signed an agreement with Oman Oil Refineries and Petroleum Industries …
Qatar Has Ninth-Strongest Islamic Finance Industry
The state of Qatar ranks ninth this year on the annually published Islamic Finance Country Index, …
Islamic Banks Expand, But ‘Double-Digit Growth Spree May be Over’
Islamic banks have continued to expand their balance sheets and capital buffers, but the era of …
How to Attain a Robust Islamic Financial System in Kenya?
Islamic Banking is emerging as a significant trend within the Kenyan financial landscape, showing …
ICD Extends $5 Million Line of Finance Facility to Arab Gambian Islamic Bank
ICD) – The Islamic Corporation for the Development of the Private Sector (“ICD”), the private …
Malaysia’s Felda Global Shelves $350 Mln Islamic Bond Issue
KUALA LUMPUR, June 9.An investment holding company of Felda Global Ventures Holdings has shelved …
IBQ to Sponsor ‘Bonds, Loans & Sukuk Middle East Conference 2017’ in Dubai
International Bank of Qatar (IBQ) announced that the bank will be sponsoring the ‘Bonds, Loans & …
Islamic Finance Transaction Broadens Investor Base In Nigeria
At the time of the issue, Andrew Alli, AFC president, and chief executive said: “The core values of …
Islamic Finance Can Reduce Poverty Worldwide
A report jointly published by the Islamic Development Bank (IDB) Group and the World Bank Group has …
HBMSU Master’s Program in Islamic Banking & Finance Obtains Full Academic Accreditation
Earning another major achievement and a first-of-its-kind in the Gulf, the Hamdan Bin Mohammed Smart …
Islamic Banks’ Growth in Saudi Arabia to Continue Unabated
JEDDAH — S&P Global Ratings forecast oil prices will stabilize at $50 per barrel in 2017 and …
Meethaq Bank, Oman Posts Q1 results
Meethaq Islamic financing receivables rose to OMR 902 million of 31 March 2017 compared to OMR 665 …
Qatar First Bank Announces key Appointments
Qatar First Bank (QFB), a leading Shari’ah compliant bank based in Qatar, has announced several key …
Al Rayan Bank Opens New London Office to Meet Commercial Finance Demand
Al Rayan Bank has opened a new office in London’s West End to support its growing commercial finance …
ITFC to Sign $1bn Agreements to Boost Trade Development in Member States
JEDDAH: International Islamic Trade Finance Corporation (ITFC) is scheduled to sign deals on …
ICD Signs MOU to Introduce Islamic Banking in Azerbaijan
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of …
Malaysia Eyes Starring Role in Islamic Finance
Southeast Asia is enjoying rapid economic development, while many Muslims have become prosperous in …
Pak Govt Plans Rs125-150 Billion Ijara Sukuk Issue by July
KARACHI: The government is looking to raise as much as Rs150 billion by issuing fresh Ijara Sukuk in …
ICD, Afriland First Bank to Establish an Islamic Window in Guinea
ICD) – The Islamic Corporation for the Development of the Private Sector (“ICD”), the private …
Halal Takaful Nigeria Distributes Surplus Bonus To Customers
The Islamic Insurance division of Cornerstone Insurance Plc, Halal Takaful Nigeria has distributed …
KPMG, Sberbank Agree on Counterpart Financing at Kazan Summit 2017
Baku, Fineko/ABC.az. The “Counterpart Financing: #NewReality” business breakfast, …
Bank Muscat’s Meethaq Islamic Finance Receivables Increase to OMR902m
Muscat: Bank Muscat’s Meethaq Islamic financing receivables rose to OMR902 million, as of March 31, …
Guyana and Suriname Finance Ministers to Attend Islamic Bank Meeting in Jeddah
JEDDAH, Saudi Arabia — The finance ministers of Guyana and Suriname, Winston Jordan and …
SEC Achieves Sukuk Rollover Transaction
Saudi Electricity Company (SEC) has announced the results of a special meeting of the holders of the …
AAOIFI Launches New Guidelines for Islamic Finance
As part of its consistent efforts to regulate the Islamic banking sector, The Accounting and …
Dentons Advises Damac on Tender Offer, New Sukuk Issuance
Law firm Dentons has advised Damac Real Estate Development Limited on its tender offer in respect of …
Islamic Financing can Facilitate Sustainable Developments: SC, World Bank
KUALA LUMPUR: The Securities Commission Malaysia (SC) and the World Bank Group say more sustainable …
QIB Wins ‘Product Innovator of the Year’ Award from Global Finance
Qatar Islamic Bank (QIB) has received the ‘Product Innovation Award’ under the Islamic Finance …
Malaysian Banker Lobbies For Separate Listing of Islamic Shares
KUALA LUMPUR: The number of syariah-compliant stocks on the local bourse can be increased by …
Government of Dubai Repays $600m Sukuk Certificates
Dubai The Government of Dubai, acting through the Department of Finance (DOF), announced that the …
Cagamas Achieves Highest Turnover in Secondary Market for Fixed Income
KUALA LUMPUR (May 5): Cagamas Bhd achieved the highest secondary market volume in fixed income …
Islamic Banking Sector in Pakistan Progressing, Says Sindh Governor
Muhammad Zubair assured that federal government will provide every possible assistance in removing …
Islamic Finance Professionals Train Imams, Others In Nigeria
THE Lagos State government has commended the Institute of Islamic Finance Professionals (IIFP) for …
Cahya Mata Sarawak Issues RM500m Sukuk
Kuala Lumpur: Cahya Mata Sarawak Bhd (CMS) has made its first issuance of sukuk amounting to RM500 …
Saudi Arabia Sets Islamic Finance Benchmark with Record US$9bn Sukuk
After wowing the markets with its landmark US$17.5bn sovereign bond, the KSA repeated the trick on …
IFSB, DFSA Hold Seminar on Liquidity in Islamic Finance
KUALA LUMPUR, The Islamic Financial Services Board (IFSB) and the Dubai Financial Services Authority …
Workshop on Sukuk Model Law Project Held In Brunei
The Islamic Research and Training Institute (IRTI) and the Islamic Development Bank (IDB) organized …
IDB to Discuss ‘Youth Empowerment’ In OIC Countries
JEDDAH, Saudi Arabia, May 1, 2017 JEDDAH, Saudi Arabia, May 1, 2017Aiming to Connect Education …
Agrani Bank Bangladesh Starts Offering Islamic Banking Services
Agrani Bank Limited, a leading state-owned commercial bank with 935 outlets throughout Bangladesh, …
Surging Demand for Islamic Finance Expertise Untapped by Kenyan Universities
Higher education institutions in Kenya are yet to tap into the growing and lucrative demand for …
Emirates Islamic Offers Bonus Skywards Miles
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced a mega …
Dubai Financial Services Authority Co-hosts Seminar On Islamic Finance
The Dubai Financial Services Authority (DFSA) hosted a seminar on “Liquidity Generating Innovations …
Is Dominance of Sukuk Issuance Shifting to Saudi Arabia?
WHAT is the total volume of foreign currency sukuk issued in Saudi Arabia and Malaysia in Q1 2017? …
Aneka Gas Industri, Indonesia to Raise Rp 400b From Bond Sale in May
Jakarta. Aneka Gas Industri, Indonesia’s largest supplier of industrial gas, is planning to …
Solid Growth in Islamic IAs Expected to Normalise
INVESTMENT accounts (IA) in the Islamic banking industry have grown at a strong pace since they were …
‘Fintech’ Seen Changing Old Models of Islamic Finance
Islamic finance, which has enjoyed double-digit growth rates over the past decade with total assets …
Saudis Pick Dublin for Record Islamic Finance Bond Deal
Saudi Arabia listed its biggest ever sharia-compliant bond, known as a sukuk, on the Irish Stock …
Japan Keeps Making Inroads into Global Islamic Finance
The world’s third-largest economy, Japan, continues foraying into the global Islamic finance sector …
Uganda Ready to Welcome Qatar’s Islamic Banks
The Republic of Uganda, which is working aggressively to attract Qatari investors to all sectors of …
Sohar Islamic Participates In Intercollegiate Career Fair
Muscat – In line with its core values of supporting the community in the sultanate and …
Ibdar Bank Appoints Ayman Sejiny as CEO
“I am pleased to welcome Ayman Sejiny as Chief Executive Officer of Ibdar Bank. Ibdar is building a …
QIB-UK Finances Buy-to-Live Properties in London
QIB-UK, a wholly owned subsidiary of QIB Group, has received official licensing to directly provide …
Bank Nizwa Appoints Dr Mansour Alqudah as Head of Shari’a Compliance
Bank Nizwa announced the appointment of Dr. Mansour Ali Muhammad Alqudah as its new Head of Shari’a …
With ‘Charity House’, Islamic Banking Eyes Welfare and Image Overhaul
KUALA LUMPUR ― Nearly three decades old here, Islamic banking is still grappling with perception …
Islamic Banking Way Forward for Occupied Kashmir`s Development, Says Panel
A panel of experts today said that Islamic banking has huge scope in Jammu and Kashmir and it is the …
Mizuho Becomes Second Japanese Bank to Make Foray into Islamic Finance With ICD Credit Deal
KUALA LUMPUR – Mizuho Bank has become the second Japanese commercial bank to sign a “murabaha” …
Malaysia Leads in Issuance of Sukuk Bonds
Kuala Lumpur:- Malaysia is leading in issuance of Sukuk bonds with a ratio of 1:1 as compared to …
Ummah Finance to Become First UK-Based Mobile Islamic Bank
Ummah Finance aims to be “the first UK born Islamic bank solely set up and operating from London”, …
QIB and Daewoo E&C Sign QAR 1 Billion Financing Deal
The agreement was signed at QIB’s headquarters, by Tarek Youssef Fawzi, QIB’s General Manager …
New Rules for Zakat, Tax Collection OK’d In Saudi Arabia
Riyadh: — The Council of Ministers on Monday approved new regulations to enable the General …
Bank Nizwa Launches ‘Islamic Finance Knowledge Series’ 2017
Bank Nizwa launched the 2017 edition of its ‘Islamic Finance Knowledge Series’ with several …
Proposed New Sukuk Guidelines to Boost Standardization of Rules
Dubai: New proposals by Accounting and Auditing Organization for Islamic Financial Institutions …
Saudi Arabia Raises $9bn with Inaugural Islamic Bond
(MENAFN – Gulf Times) #SaudiArabia raised 9bn in its first dollar-denominated Islamic bond …
Kenya Plans New Capital Markets Regulations to Tap Islamic Finance
The Capital Markets Authority (CMA) CEO Paul Muthaura said the move will pave way for the issuance …
UK Develops New Liquidity Tools for Islamic Banks
In its quest to cement London’s status as one of the leading Islamic finance centres in the Western …
Book on ‘Islamic Financial Services’ Launched In Karachi
Dr. Karim Ullah, from IMSceinces Peshawar and Dr. Wafi Al-Karaghouli, from Brunel University London, …
Sharia Finance Growing In NZ, but not Big Enough to Change Banking Compliance Mechanism
New Zealand’s Muslim population is not big enough to see a growth of Shariah-compliant banking …
ICS Financial Systems Participates In Africa Islamic Finance Convention
ICS Financial Systems (ICSFS), the global software and services provider for banks and financial …
Algeria Warily Edges Toward Islamic Finance
ALGIERS: When experts in Islamic banking gathered earlier this year at a state-run hotel in Algiers …
Bank Muscat’s Meethaq to Finance Poultry Farm Project
OMAN – Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, signed an agreement …
Amended Laws to Boost Islamic Finance In Kenya
Amendments to financial services regulation laws will be in place by June to facilitate speedy …
Oman To Mandate Citigroup, JPMorgan, HSBC For Dollar Sukuk
Oman hired banks including Citigroup Inc, JPMorgan Chase & Co, HSBC Holdings Plc and Standard …
XL Axiata, Indonesia to Offer Rp 2.18t Islamic Bonds
Jakarta. XL Axiata, Indonesia’s second-largest mobile phone operator is planning to raise Rp …
Maisarah Wins Best Islamic Community Bank Award In Oman
Muscat – Recognising its commitment to customers and best practices, Maisarah Islamic Banking …
Meezan Bank, PIM to Collaborate in Education, Training
Meezan Bank and Pakistan Institute of Management (PIM), the pioneer of executive development in …
DIB Attracts Emirati Talent During Careers UAE 2017 Fair
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, will participate in the 17th session …
Tehran, Kuala Lumpur Draft Banking Coop. Agreement
TEHRAN, Apr. 09 (MNA) – On the sidelines of ISBF annual meetings in Kuala Lumpur, central banks of …
Philipines Could be a Leading Halal Exporter in 2 Years, Says MinDA Chief
KUALA LUMPUR, Malaysia – The Philippines may be exporting products to the biggest halal markets in …
Why Islamic Finance Is Set To Transform The Global Gold Market?
After several years of rather unspectacular market activity, gold came roaring back in 2016. The …
Bahrain’s Islamic Banking Experience Praised
Manama, Apr. 2 (BNA): The General Council for Islamic Banks and Financial Institutions (CIBAFI) has …
ICD Signs MoU to Test New Banking Model
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of …
Global Islamic Banks Well-Capitalised to Weather Challenges
KUALA LUMPUR: While global Islamic banks are expected to experience slow loans growth this year due …
Rotich’s Budget Paves Way for Streamlining of Islamic Finance In Kenya
The government has unveiled a package of initiatives under its latest budget to develop Islamic …
Demand Growing For Fintech In Islamic Banking Industry
KUALA LUMPUR: The Islamic Financial Services Board (IFSB) sees growing demand for financial …
Halal Showcase Courts High Foreign Participation At MIHAS
KUALA LUMPUR: The world is increasingly aware of the economic power of halal goods and this has been …
UK Based Islamic Bank to Waive Admin Fee for Refinance Customers
The ‘fees-assisted’ range will see the lender assist with customers’ refinance costs by waiving or …
Tawarruq – the ‘New Kid’ On The Block in Islamic Banking Industry?
‘Tawarruq’ has become a new phenomenon in the Malaysian Islamic banking system, particularly after …
Why Pakistan’s Islamic Banking Industry Can Only Get Better?
Islamic banking is growing in Pakistan. This is the view of Islamic scholars who spoke at a seminar …
TN50 TO Boost Prospects for Sukuk Market
National Transformation 2050 (TN50) plans to provide support Malaysian Sukuk market in medium to …
Bahrain’s Islamic Banking Experience Praised
The General Council for Islamic Banks and Financial Institutions (CIBAFI) hosted an incisive …
Islamic Financial System Discourages Accumulation of Wealth: Expert Says
LAHORE – Islam’s finance and banking system discourages accumulation of wealth in few …
PHL Firms Eye $2-Trillion Halal Market Globally
Thirty Philippine companies, including San Miguel PureFoods, Century Pacific and Fisher Farms will …
Why Islamic Banking Must be Wholeheartedly Embraced and Given Time to Develop?
The conventional financial and banking system was exposed for its flaws during and following the …
Turkey Borrowed $1.25 Bln in Treasury Sukuk Issue -Bankers
ANKARA, March 30 – Turkey borrowed $1.25 billion through a six-year, dollar-denominated sukuk …
The Growing Demand for Sharia-Compliant UK Property Funds
Investment based on Sharia principles has existed in the UK for over 30 years, but only in the past …
Bahrain’s IIFM and ISDA Publish Islamic Credit Support Deed for Variation Margin
Manama, Bahrain, 30th March 2017 –The International Islamic Financial Market (IIFM) and the …
Bank Alfalah Partners with AlHuda Centre of Islamic Banking & Economics to Promote Islamic Finance
Pakistan’s leading financial institution Bank Alfalah has entered into an agreement with AlHuda …
Turkey’s Grain Board TMO, Gap İnşaat to Sell Islamic Bonds
Turkey’s state grain board TMO and construction firm Gap İnşaat have received regulatory …
DIB Inaugurates Panin Dubai Syariah Bank in Indonesia
DIB has celebrated the launch of Panin Dubai Syariah Bank in Indonesia, in the presence of DIB Group …
Kenyan Financial Regulators Keen on Shariah
Financial sector regulators are optimistic National Treasury CS Henry Rotich will include proposed …
International Islamic Bank Signs for ICS Banks Islamic
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and …
Bank Nizwa Marks Annual General Meeting with First Profit Milestone
Reflecting Islamic finance’s continued surge in popularity in Oman, Bank Nizwa recorded its first …
Malaysia Pushing for Another Round of Bank Mergers?
Malaysia has apparently started a new round of its financial sector rationalisation plan, a source …
QIB Named the ‘Best Islamic Financial Institution in GCC’ by Global Finance
(MENAFN – Gulf Times) Qatar Islamic Bank (QIB), Qatar’s leading Shariah-principled …
Islamic Finance Aims for Easier Sukuk Investment
Abu Dhabi- Two top standard-setting bodies are proposing new guidelines for Islamic bonds that …
Qatar Shares Edge Higher Amid Strong Realty Buy Interest
The Qatar Stock Exchange opened the week on a marginally stronger note despite strong buying in the …
Islamic Finance Needs To Emphasize Capital Market Development
Development economists often divide the overall economy into two sectors; the real and financial …
International Islamic Trade Finance Corporation (ITFC), WTO To Jointly Support The LCDs
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic …
CIBAFI Submitted Comments to the Basel Committee on Banking Supervision (BCBS)
Aligned with its role as advocate of the Islamic Financial Services Industry (IFSI), the General …
CIMB Bags 15 Prestigious Regional Awards
KUALA LUMPUR: CIMB Islamic Group was recently recognised for its strong capabilities in …
Al Rajhi Malaysia To Tweak Its Growth Strategy
LAST year, in charting its future, Al Rajhi Banking and Investment Corp (M) Bhd (Al Rajhi Malaysia) …
FBR, Pakistan Suggests Shariah-Compliant Criteria For Companies
The Federal Board of Revenue (FBR) has proposed Shariah-compliant criteria for companies whose …
Bank Nizwa Named ‘Best Performing Islamic Bank In Oman’
Reflecting its position as the Sultanate’s leading Islamic financial institution, Bank Nizwa was …
India Shelves The Idea Of Islamic Banking Amid Criticism From Hindu Majority
(MENAFN – Gulf Times) A few months ago, the path seemed to have been cleared for the …
Meydan Secures $272m Of Islamic Financing From ADIB
The deal will help finance developer’s current and future projects including those along the …
Islamic Finance A Possible Funding Source In The Wake Of Low Oil Prices
Islamic finance will need to play a pivotal role in meeting the increasing demand for …
Ithmaar Wins WIBC Award For Top Islamic Bank Globally
Ithmaar Bank, a Bahrain-based Islamic retail bank, was singled out among the world’s Islamic banks …
Qatari Islamic Banks Negotiating A Possible Merger Deal of $44 Billion
Doha, QATAR: Wooden dhow boats are docked 06 September 2006 along the corniche in front of the Qatar …
Standard Chartered Launches Islamic Saving Accounts For Institutional Clients
Standard Chartered Bank has announced the launch of its Islamic Saving Accounts for its Corporate …
Kenyan Regulators To Seal Loopholes In Islamic Finance Industry
Nairobi:- When Peter Njuguna received an application for an Islamic Sacco, he nearly approved it. …
Kuwait Finance House Termed The Best Islamic Bank In The World
Consistent with its central role of producing groundbreaking and game-changing research works, The …
Digitization of Islamic Banks A Must For The Growth of Islamic Finance
Digitization of Islamic banks is a must for the growth of the Islamic finance industry. Although the …
Islamic Corporation for The Development of The Private Sector, Affin Islamic Bank To Strengthen Strategic Collaboration in Asia
The cooperation reflects ICD’s ambition to expand its geographic footprint and exert its influence …
Oman- Meethaq, Moe Join Hands To Train 4,000 Students In ‘Little Investor’ Programme
(MENAFN – Muscat Daily) Muscat- Coinciding with the new academic year, Meethaq, the pioneer of …
Can We Take Loans With Interest To Buy An Apartment?
When the question arises, “Can we take loans with interest to buy an apartment?” the …
How Is Islamic Finance Failing the Real Test?
Islamic finance is booming around the globe. Currently, around 500 Islamic banks are operating in 75 …
$11 Trillion Muslim Wealth Mountain Calls To Asian Fund Managers
The race to tap an $11.5 trillion pool of wealth held by Muslim individuals, institutions and …
Indonesia Looks To Islamic Finance For Infrastructure Projects
JAKARTA — Measures to boost Indonesia’s relatively small Islamic finance sector could …
MUFG Sets Up RM 20Bln Islamic Auto Loan Securitisation Program In Malaysia
TOKYO: Mitsubishi UFJ Financial Group (MUFG), one of the largest bank in the world, and a key player …
Islamic Wealth Management Sector Growing Fast In Malaysia
Prime Minister Datuk Seri Najib Tun Razak announced today that Malaysia is setting its sights on …
Commercial Bank of Dubai Appoints New COO
In his previous role, Kumar was the Chief Operating Officer at Qatar Islamic Bank in Doha. With over …
Bahrian`s Bank ABC Appoints New Head Of Financial Institutions
Bahrain-based Bank ABC has announced today the appointment of Fouad Salame as group head of …
Meethaq Launches Innovative Online Portal for SMEs
Muscat: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, launched a digital …
Bank Of Uganda Clears Islamic Financial Products For Business
Kampala:- The Bank Of Uganda has cleared Islamic bank products for business in the country6. …
Malaysia Names Zeti’s Deputy As New Central Bank Governor
Malaysia named central bank Deputy Governor Muhammad Ibrahim as successor to Governor Zeti Akhtar …
Dubai Islamic Bank Profit Rises To AED 1 Bln In Q1, 2016
Dubai Islamic Bank today announced its 1st quarter results for the period ended March 31, …
Zurich Insurance Takes Over MAA Takaful In Malaysia
Zurich Insurance has been given the go-ahead to take full control of MAA Takaful in Malaysia. MAA …
Pakistan To Use Islamic Finance For Infrastructure Deals
Pakistan is stepping up its use of sharia-compliant financing to fund infrastructure deals, which …
Volumes Of Sukuk Issues May Hit $55b In 2016
Sukuk issues volumes will reach $50 billion to $55 billion in 2016, according to Standard & …
Islamic Finance Needs To Be Relevant, Responsive
Dubai: The past is no guarantee for the future — so we have to prepare ourselves for the …
Dubai Emerges As A Capital Of Islamic Economy
Following a total of seven Sukuk listings this year by regional and international issuers, the total …
Dubai, Chinese Firms To Launch Islamic Fund To Invest In China
Dubai:- Shariah-compliant firm Mawarid Finance and Fullgoal Asset Management from Hong Kong will …
World Takaful Conference Forges Vision For Takaful Market In 2020
Dubai – The second and final day of the 11th annual World Takaful Conference (WTC) built on …
Bank Muscat Posts A Net Profit Of 43.8 Million In Q1, 2016
Net Interest Income from Conventional Banking and Income from Islamic financing stood at OMR 68.04 …
Turkey Appoints A Social Scientist-Turned Islamic Finance Expert As Governor Of Central Bank
Istanbul:- The Turkish government has chosen Murat Çetinkaya, a deputy Central Bank governor, to be …
Pakistan Eyes Rs100bln In Islamic Bonds For Hydropower Project
DUBAI: Pakistan’s government will guarantee Rs100 billion ($955 million) worth of Islamic …
Shariah Committee In Indoensia To Run Islamic Financial Architecture
Jakarta-Sofyan Djalil, Minister of National Development Planning, said that the National Sharia …
Maybank To Strengthen Operations In ASEAN
Kuala Lumpur:-: Malayan Banking Bhd (Maybank) has outlined five strategic objectives for the group …
Standard Chartered Expands Islamic Finance Services In Pakistan
Karachi—Standard Chartered Saadiq, the dedicated Islamic Banking division within Standard Chartered …
How Islamic Finance Can Boost Australia`s Financial Sector?
With the Islamic finance industry surpassing US$2 trillion in assets, and continuing to grow at a …
ICD, Saturna Berhard Partner On Sustainable Islamic Investing
Kuala Lumpur: — Islamic Corporation for the Development of the Private Sector (ICD) …
First Islamic Bank Opens In Russia
Russia’s first Islamic banking centre, operating under the principles of Southeast Asia and …
Indonesia Revels In Record-Breaking $2.5bn Sukuk Issuance
Jakarta: – Indonesia has broken several records in the finance industry recently with a hot …
Dubai Islamic Bank Closes $500m Sukuk Issue
Dubai: Dubai Islamic Bank (DIB) said it has successfully closed $500 million (Dh1.8 billion) Sukuk …
Saudi Arabian Airlines Seeks $1.3bn Sukuk To Expand Fleet
National carrier Saudi Arabian Airlines (Saudia) is seeking to raise 5 billion riyals ($1.3 billion) …
Malaysia`s RAM Ratings Expects RM120bln Of Sukuk Issuance In 2016
Kuala Lumpur:- Malaysia is expected to sustain its momentum this year with the issuance of between …
UAE To Introduce Higher Sharia Board To Strengthen Islamic Finance Industry
The UAE will introduce a Higher Sharia Board soon to strengthen consistency and consultation across …
Islamic Wealth Management To Become New Growth Sector
Kuala Lumpur: The Securities Commission Malaysia (SC) plans to launch the Islamic Fund and Wealth …
Disbursal Programs Deter Islamic Finance Growth In Indonesia: Says IDB
Jakarta: – Islamic financial institutions work separately in Indonesia, making their growth …
Diving Into Islamic Forex Trading
Islamic forex trading will increasingly be in demand. Before we understand Islamic forex trading we …
Saudi Lender To Help Introduce Islamic Finance In India
Mumbai: – Stating that Islamic finance offers advantages like lower bad loans, an arm of …
Japan’s BTMU Starts Offering Shariah-Compliant Loans Through Its Local Subsidiaries
Tokyo — Bank of Tokyo-Mitsubishi UFJ of Japan becomes the first-ever Japanese bank to start …
DIFC Joins Luxembourg Islamic Finance Talks
Dubai: A delegation from Dubai International Financial Centre (DIFC) has participated in the …
National Bonds Distributes Dividends To Its Shareholders
Dubai:- National Bonds Corporation PJSC (National Bonds), the UAE-based Shari’ah-compliant savings …
KSE Market Capitalization Rises To KD 25.25 Bln
Kuwait: – The KSE indices all continued to witness gains, as oil prices surge, the market …
DAFZA Posts 7% Revenue Growth In 2015
Dubai:- The Dubai Airport Freezone Authority (Dafza) posted yet another banner year in 2015, …
Malaysian Capital Market Expects Fundraising Of $19.4b This Year
Kuala Lumpur: – The Securities Commission Malaysia (SC) expects fundraising activities in the …
Takaful Malaysia Bags ‘The Best Takaful Company in Malaysia’ Award
Kuala Lumpur: Syarikat Takaful Malaysia Bhd has been named ‘The Best Takaful Company in …
Islamic Banks` Market Share In Oman Set To Reach 10% By 2018
Muscat: Oman’s Islamic financial institutions are showing robust growth with the value of gross …
Why Islamic Finance Is Booming Around The Globe?
There is no doubt that Islamic finance is growing around the world. Sector expert Camille Paldi says …
Pakistani Banks To Reach Out To Unbanked Masses
Pakistan’s economy presents great opportunities for the banking sector. Habib Bank is hoping to …
IsDB Debuts Sukuk Worth $US1.5bln
Jeddah — In a recent development that highlights the global reach and scale of Islamic finance, the …
Kuwait Investment Forum To Hold Seminar On Kuwaiti Economy
KUWAIT: Kuwait Finance House (KFH) announced its participation in the Kuwait Investment Forum slated …
Islamic Finance Seminar To Be Held In Muscat, Oman
Bank Nizwa has partnered with Islamic Finance News (IFN), a leading online journal specialized in …
Hog Kong Closes On Indonesia In Dollar Sukuk As Silk Road Alive
Hong Kong’s possible third Islamic global bond in three years brings it closer to Indonesia and …
World Bank To Hold Webinar Series On Mobilizing Islamic Financial Funds For PPP Infrastructure Projects
Islamic financing is starting to emerge as a significant source of funding for PPP infrastructure …
Indonesian Central Bank Sets Rules For Islamic Forex
JAKARTA — Indonesia’s central bank has issued new rules authorizing shariah-compliant …
CIBAFI’s 1st Annual Global Forum to highlight the “Rethinking Values for Sustainable Growth”
Manama: – The General Council for Islamic Banks and Financial Institutions (CIBAFI), the …
Maybank Islamic Loans Overtake Conventional Financing
Kuala Lumpur (BLOOMBERG) – Malayan Banking Bhd (Maybank) provided more Islamic loans than …
Al Baraka Wins Islamic Finance Awards
Al Baraka Banking Group, a Bahrain-based leading Islamic banking group, said five of its units won …
Ram Ratings Reaffirms Aa2 Rating Of Bright Focus’ Sukuk, Revises Outlook To Negative
Kuala Lumpur: RAM Ratings has reaffirmed the AA2 rating of Bright Focus Berhad’s (Bright Focus or …
East Africa Braces For Islamic Finance
Nairobi: East Africa could be the new frontier for Islamic finance following the launch of the first …
Sumitomo Mitsui Bank To Expand Islamic Financial Services To Malaysian Customers
KUALA LUMPUR: With a share capital of about RM1.58bil, the highest among foreign banks operating in …
Egypt Rushing To Bring Budget Gap With Islamic Bonds
Cairo: The Ministry of Finance is working on amendments to laws regulating the issuance of Islamic …
Where Is All The Islamic Wealth Going?
London: Islamic banking and finance (IBF) are swiftly growing in countries outside the Organisation …
Takaful Emarat Delivers 42% Profit Growth
Dubai: Takaful Emarat has announced that its net profits for the year ended December 31, 2015, were …
BNP, Schroder Take Indonesia`s Islamic Stock Funds Global
BNP Paribas SA, Manulife Asset Management and Schroder Investment Management Ltd. have set up global …
Malaysian Central Bank Governor Zeti Akhtar To Leave Office
KUALA LUMPUR • Malaysia’s outgoing central bank governor, Dr Zeti Akhtar Aziz, has said that …
Prasarana, Malaysia Sukuk Offer 2.6 Times Oversubscribed
KUALA LUMPUR: A RM3bil sukuk offer by national transport company Prasarana has received orders of up …
Nigeria Sets Up Committee To Advise On First Sovereign Sukuk
By Oludare Mayowa and Chijioke OhuochaLAGOS Feb 18 (Reuters) – Nigeria has set up a …
Bank Of England To Establish Shari’a-Compliant Borrowing Facilities For Islamic Banks
The UK’s central bank is seeking views on the best way to extend its liquidity and deposit …
Australia Sees Steady Uptick In Realty Deals Using Islamic Finance Options
Australia has begun to see a steady stream of property deals using Islamic financing as the …
Indonesia Gets Sovereign Sukuk Timing Right on Asia-Beating Run
Indonesia has chosen a good time to tap the global Islamic bond market as it attracts record inflows …
Pakistan’s Central Bank Expands Local Currency Sukuk Sales
Feb 8 Pakistan’s central bank is expanding issuance of local currency Islamic bonds (sukuk), …
Dubai Islamic Bank Seeks Nod To Raise Ceiling For Tier 1 Capital by $750 Mln
DUBAI, Feb 8 (Reuters) – Dubai Islamic Bank ( DIB ) said on Monday it was seeking shareholder …
2nd Islamic Finance Forum Held In Khartoom
Khartoom: – Held under the patronage of the Government of the Republic of the Sudan, the …
Prospects For Islamic Finance Remain Strong Despite Oil Price Woes
KUALA LUMPUR: The prospects for Islamic finance remain strong given the growing interest towards …
Iran Set To Shake Up The Global Islamic Finance Industry
Now that most economic sanctions on Iran have been lifted, the international Islamic finance …
Islamic Banking Takes A Leading Role In Saudi Arabia, Says Fitch
In a new report, Fitch Ratings says Islamic finance is a mature and developed industry in Saudi …
Takaful Emarat Digitizes Health, Life Insurance
Dubai, UAE – Takaful Emarat (“the Company”), the DFM-listed, Shariah-compliant …
First Islamic Bank To Be Established In Chechnya
Grozny: Chechen leader Ramzan Kadyrov and representatives of UAE’s Mazkorp company Hilal Suhail …
Dubai Islamic Bank Records 37% Net Profit In 2015
Dubai Islamic Bank (DIB), the largest sharia-compliant lender in the UAE by total assets, posted a …
Islamic Finance Operates In Tough Environment, Says Zeti
Kuala Lumpur: The global Islamic financial system is now operating at a time when the international …
Islamic Finance: Implications For The Global Economy
As more Western companies do business in the Middle East, Islamic finance has become an increasingly …
Kuwait May Issue Sukuk Amid &100b Oil Investment Over Five Years
Kuwait:- Kuwait Petroleum Corp is considering selling bonds to help pay for a planned investment of …
SEC/DMO To Issue Nigeria’s First Sovereign Sukuk In May
Lagos:- The Securities and Exchange Commission of Nigeria on Wednesday said the nation’s first …
Malaysian Astronaut Starts Aladdin, A Halal Competitor To Amazon, Alibaba
Kuala Lumpur: — Malaysia’s first and only astronaut to date, Datuk Dr. Sheikh Muszaphar Shukor …
Are Islamic Banks Adding Any Economic Value?
LONDON: Many industry observers assert that all Islamic banks’ products in essence are …
Global Forum On Islamic Banking & Finance Concludes In Lahore, Pakistan
Lahore—A two-day global forum on ‘Islamic Banking, Finance and Economics’ concluded here on …
Nigeria To Issue Maiden Islamic Financial Bond, ‘Sukuk’
Lagos:- The Securities and Exchange Commission (SEC) has reached an agreement with the Debt …
Islamic Finance Set Sights on Standard for Gold-Based Products
A top guideline-setting body for Islamic finance is developing a standard for gold-based products in …
Sharjah To Debut 5-Year Sukuk This Week
Sharjah: – The Emirate of Sharjah is targeting a five-year sukuk offering and could launch a …
Islamic Banking Starts In Austria
Amid the continuing migrant crisis in Europe, an Austrian bank is going to introduce Interest-free …
ICD supports Ivory Coast in largest West African Sovereign Sukuk Debut
The Republic of Côte d’Ivoire, acting through the Ministry of Economy and Finance has closed an …
Dubai Is Leading The Revolution In Islamic Banking, says Dr. Adnan Chilwan
Since its inception, modern Islamic commercial banking has been intrinsically linked with the UAE. …
CIMB Introduces Malaysia’s First Universal Takaful Haj Product
CIMB Islamic Bank Bhd today launched Takaful Suria, the first universal takaful haj product in …
Shariah-Compliant Services : Pakistan To Launch Islamic Branchless Banking
KARACHI: Pakistan is set to launch the world’s first Islamic branchless banking in order to …
EY: Islamic Banking Poised To Grow Despite Economic Uncertainty
EY and WIBC shared preliminary insights from the much-awaited World Islamic Banking Competitiveness …
Doubling Of Islamic Finance Assets To Give Impetus To SMEs
$1.8tr worth Islamic finance sector most developed sector in Islamic economyIslamic finance may …
Economist Urges Top Islamic Finance Body To Cut Risks
One of the most prominent economists in Islamic finance has called for the creation of an “apex …
MUFG Japan Breaks Into Islamic Finance
Dubai: – Mitsubishi UFJ Bank Japan has launched a new Islamic finance business, to be run out …
Is Indonesia Lagging Behind Malaysia in Islamic Finance?
In the dynamic landscape of global Islamic finance, Southeast Asia emerges as a battleground with …
Government Commits To Improve And Strengthen Islamic Financial Market
KUALA LUMPUR, Oct 23 (Bernama) — The government is committed to improve and strengthen the …
IDB’s Sukuk Issuance Fosters Islamic Finance Market Growth
JEDDAH — The Islamic Development Bank’s (IDB) ordinary capital resources has increased its use of …
QIB Completes Successful Issuance Of $750m Sukuk
Doha: Qatar Islamic Bank priced a highly successful USD 750 million 5-year RegS only Sukuk offering. …
Sukuk Market Still Resilient, Says RAM
PETALING JAYA: RAM Ratings said the Malaysian sukuk market is still showing some resilience based on …
Moody’s: Islamic Development Bank’s Increased Sukuk Issuance Promotes The Development Of Islamic Finance Market
New York, October 20, 2015 — The Islamic Development Bank’s (IsDB) Ordinary Capital …
Qatar Islamic Bank Narrows Price Guidance For Dollar Sukuk – Leads
Oct 20 Qatar Islamic Bank has revised price guidance for a five-year dollar-denominated sukuk issue …
Maybank Indonesia Offers New Sharia-Compliant Product To Boost Capital
Maybank’s fund management arm, PT Maybank Asset Management (Maybank AM), is set to launch the …
Islamic Finance Growth To Slow Down Due To Falling Oil Prices, Reforms
The growth of the US$2 trillion Islamic finance industry is set to slow as the weak oil price and …
Development Bank Of Kazakhstan’s AA2 Ringgit Sukuk Rating Reaffirmed By RAM Ratings
RAM Ratings has reaffirmed the AA2/Stable rating of the Development Bank of Kazakhstan Joint-Stock …
Qatar Islamic Bank Mandates for Sukuk Issuance
Qatar Islamic Bank (QIB), has mandated Barwa Bank, Citi, HSBC, Noor Bank, QInvest, and Standard …
Demand For Islamic Finance Qualifications On The Rise
Dubai: The Chartered Institute for Securities & Investment (CISI) has announced a significant …
Country Garden Sets The Stage For First Chinese Sukuk
Asian issuers have been tapping the Islamic market for funding with increasing frequency in recent …
Islamic Halal Economy Set To Grow — Experts
DUBAI — The halal economy is set to grow as the world’s Muslim population expands and more products …
RM10t Halal Economy Set To Grow 20pc, Dubai Forum Told
DUBAI, Oct 7 — The halal economy is set to grow as the world’s Muslim population expands and more …
How To Ensure Financial Inclusion?
In an era where economic disparities continue to widen, the concept of financial inclusion has …
Ex-Merrill Lynch Banker Takes On Male-Dominated Islamic Finance Industry
Samina Akram left her job at Merrill Lynch International Bank eight years ago to start her own …
Alizz Islamic Bank Achieves Investment Grade Credit Rating
MUSCAT: Alizz Islamic Bank (SAOG) has been assigned by Capital Intelligence (CI), the international …
UK Banks Arrange First Islamic-Structured Helicopter Financing Deal
The Bank of London and the Middle East (BLME), a Sharia compliant bank based in London along with …
Turkey: Islamic Finance System In Turkey
The Islamic finance system has arisen due to various religious and economical reasons and, in …
Kuveyt Turk Subsidiary Opens For Islamic Business In Frankfurt
KT Bank is the first bank in Germany to offer a comprehensive range of financial products and …
Capital Intelligence Lowers KFH’s Financial Strength, Long-Term Foreign Currency Ratings
Capital Intelligence (CI) has lowered the Financial Strength Rating (FSR) of Kuwait Finance House …
KFH Posts Net Profit Of KWD 62.3 Million In H1 2015 An Increase By 14.1 Per Cent
Kuwait Finance House (KFH) has achieved net profit of KWD 62.3 million for the first half of 2015 …
Bank ABC Islamic Announces 47% Increase In Half-Year Profit to US$10.9 Million
Bank ABC Islamic today announced that its net profit for the first half of 2015 was US$10.9 million, …
Indonesia Vying To Host World Islamic Infrastructure Bank
Indonesia is currently competing against Turkey in a bid to host the World Islamic Infrastructure …
Malaysia Expects Its Islamic Finance Sector To Grow By 18% Annually
The Shariah-compliant banking sector in Malaysia, already among the largest in the world by assets, …
Bank Of Tokyo-Mitsubishi UFJ Gets Dubai Islamic Finance Licence
Japan’s Bank of Tokyo-Mitsubishi UFJ (BTMU) said it had obtained permission from the Dubai …
Knowledge Of Islamic Finance Mandatory For Every Muslim: Prof Irfan Shahid
Chennai: Asserting that acquiring knowledge of Islamic Finance (Ilmul Muamilat) is mandatory for …
Islamic Finance Poised To Jump On The Asian Infrastructure Bandwagon
Islamic finance aims to move into longer-term infrastructure projects in Asia, and, Africa, as …
Japan’s 3 Major Banks Eye Islamic Finance Services Overseas
TOKYO – Japan’s 3 megabanks are trying to conceive how they will offer financial …
Belgian University Launches Diploma Courses In Islamic Finance
The School of Management of the University of Louvain in Belgium launched a diploma in Islamic …
Gulf Bank Joins Hands With National Fund’s SME Debt Program in Kuwait
Developed by the Kuwait National Fund for SMEs Development and established under law to encourage …
Turkey’s Bank Asya Sells Stake In Tamweel Africa To ICD
In a statement to Borsa Instanbul on 8 January, Bank Asya (Asya Katilim Bankasi) revealed it is …
Bangladesh To Seek ITFC Funds At Reduced Interest Rates
Bangladesh bids for further cut in interest rate on loan from the International Islamic Trade …
Top Four Reasons To Ban Interest From Banks
The author of this blog post and President of the Japan Institute Of Islamic Finance (JIIF), H. …
Islamic Financial Services: SBP To Launch 3rd FICF Round On January 9
State Bank of Pakistan will launch the 3rd Financial Innovation Challenge Fund (FICF) round on 9th …
Is Japan Ready To Enter Into the Field Of Islamic Finance Yet?
Although Japan is the third-largest economy in the world, it does not yet allow its banks to involve …
DIEDC Sets Ambitious Course Ahead to Achieve Dubai’s Islamic Economy Goals
Board Reviews Initiatives, Progress and Outlines Future PlansDubai – His Excellency Mohammed …
12th Islamic Financial Services Board Summit To Be Held In Almaty
The 12th Sammit of the Islamic Financial Services Board (IFSB) will take place in Almaty from May 19 …
Scarcity Of Professionals Hurting Islamic Finance Industry
As we mentioned in one of our previous articles on this website, the Islamic banking & finance …
Jordan Likely To Issue Islamic Sukuk Next Month
Jordan likely to issue Islamic sukuk next month.The Central Bank of Jordan (CBJ) is likely to …
IDB, AfDB, Others Partner For Islamic Banking Workshop
The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank Group and the …
The 12th IFSB Summit To Be Held In Almaty, Kazakhstan
The Islamic Financial Services Board (IFSB) is pleased to announce that the 12th Annual Summit will …
Saudia: A Game-Changing Strategy For Al Kifah Holdings Financial Arm
Tamweel for trading & Installment Company ( TTIC ) assigns Shariyah Review Bureau as it …
2nd Islamic Economy Awards presentation On January 14
Initiated by the Dubai Islamic Economy Development Centre (DIEDC) and organised by the Dubai Chamber …
Islamic Banking Poised To Boom In Canada
After emerging largely unscathed from the financial crisis that hammered North American and European …
NCB Capital Wins Best Asset Manager In The Middle East Award
NCB Capital has won the Best Asset Manager in the Middle East Award at the Islamic Business & …
Bahrain’s Banks Maintain Growth Momentum, Says Bahrain Association Of Banks
Bahrain hosts 404 financial institutions of which 116 are banks. Of these 29 are retail banks and 76 …
NBK Capital MENA Initiates ADIB Egypt With BUY
NBK Capital MENA initiated coverage of ADIB Egypt (ADIB) on 28 December with a “Buy” recommendation …
Islamic Finance Industry Goes Global – Dr. Adnan Chilwan
Islamic finance has witnessed remarkable growth over the last four decades since the establishment …
“KFH” Wins “Bank Of The Year Kuwait” 2014 Award From “The Banker”
Kuwait – The Banker Magazine, a publication owned by The Financial Times, awarded Kuwait …
Turkish Unit Of Kuwait Finance House Secures $350 million Islamic Loan
The Turkish subsidiary of Kuwait Finance House (KFH) has secured a $350 million syndicated Islamic …
Islamic Banks To Dominate Financial Sector In Brunei Darrussalam
Brunei’s financial system is transitioning to one in which Islamic banking and takaful will be …
Dubai Closer To Becoming Islamic Finance Hub
The global Islamic economy continued to grow in 2014, and Dubai made solid progress towards its …
BisB Wins Best Islamic Bank In Bahrain Award
Bahrain Islamic Bank (BisB) has won the British publication International Finance Magazine’s …
Islamic Banking & Finance Outlook In 2015
The Industry will gain Historical success during this year, thorough Analysis of Zubair Mughal, in …
SBP Moves To Islamise Banking In Pakistan
Karachi- An extensive KAP Study of the State Bank of Pakistan (SBP) established the demand for …
ADIB Egypt Named Best Commercial Bank In Africa
Cairo: Abu Dhabi Islamic Bank (ADIB) Egypt was recently named the “Best Commercial Bank in …
ADFD Playing An Active Role In Moroccan Development
Abu Dhabi Fund for Development (ADFD) has played an active role in supporting sustainable …
KFH Renews Strategic Partnership With Islamic Finance Club
Kuwait, Kuwait Finance House (KFH) has renewed its strategic partnership with the Islamic Finance …
CPI Financial: KFH Best Islamic Bank In The World
Group Banks in Bahrain, Malaysia Best in Middle East and AsiaKuwait – Kuwait Finance House …
Sohar Islamic Launches Internet Banking
Complementing the recent launch of its SMS banking services, Sohar Islamic – Bank Sohar’s Islamic …
First-Ever Islamic Finance Institute Established in Japan
Tokyo — Hitech Solutions, a privately held company based in Tokyo, has announced the …
Islamic Finance Not Confined To Muslim Countries
Islamic finance, once primarily associated with Muslim-majority nations, is now making significant …
Qatar: Barwa Bank Wins Big At Islamic Finance Awards
Qatar based Barwa Bank, has been named as the “Best Sukuk Arranger” and “Best Corporate Bank” at the …
South Korea Preparing Islamic Finance Tax Rules
At a roundtable in Pyeongchang, the CEO of the Franco-American Alliance for Islamic Finance (FAAIF), …
ADCB Islamic Banking Brings International Awards Collection To 13
Abu Dhabi – Abu Dhabi Commercial Bank ( ADCB ) Islamic Banking has been awarded as the 2014 …
S&P: Bahrain Mumtalakat Holding Co. Outlook Revised To Negative
Standard & Poor’s Ratings Services today revised its outlook on Bahrain-based Mumtalakat …
FGB And NCB Finance Etihad’s Boeing 787-9 Dreamliner
Etihad Airways has selected Abu Dhabi-based FGB and The National Commercial Bank (NCB) of Saudi …
OIC Markets Projected To Grow At 5.4pc
Organisation of Islamic Cooperation (OIC) markets are projected to grow at an average of 5.4 per …
Islamic Banking Thriving In Oman
Islamic banking in Oman is expected to grow at double-digit rates as sharia-compliant banking …
ADIB Receives Awards By The Banker Magazine And Global Finance Magazine
Abu Dhabi – Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services …
Amundi’s CIO Braces For 4% Sukuk Yields On Oil: Islamic Finance
Islamic global bond yields may rise more than one percentage point next year to approach 4 percent …
Aafaq Wins ‘Best Finance Company’ Category Of CPI Financial’s 2014 Awards
Aafaq Islamic Finance has been awarded as the ‘Best Finance Company’ category during …
Barwa Bank Take Home Two Awards At The Islamic Business & Finance Awards 2014
Barwa Bank, Qatar’s fastest growing Shari’ah compliant banking service provider, has been …
Islamic Bank of Britain Shareholders Approve Change In Name To Al Rayan Bank
Islamic Bank of Britain plc (IBB), (www.islamic-bank.com), the UK’s only wholly Sharia compliant …
ADIB provides AED 1 Billion Finance Facility To Baniyas Investment & Development Company
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has finalized a AED 1 …
Sohar Islamic Receives Best Branding Award From CPI Financial
In recognition of its role in championing the growth and expansion of the Islamic financial sector …
World Islamic Economic Forum WIEF Eyes New Heights In S. Korea
PYEONGCHANG (South Korea): The 2014 World Islamic Economic Forum (WIEF) Foundation Roundtable is set …
Korean Companies Seeking To Enter Islamic Market
Talent Cosmetic is the first Korean cosmetics brand to receive halal certification from the …
Mawarid Finance Wins The Best Business Finance Company Award 2014
Mawarid Finance the Islamic financial institution in the UAE has won the Middle East Best Business …
Bank Nizwa’s Shari’ah Supervisory Board Assesses Extension To Islamic Finance Offerings
Bank Nizwa recently held its 11th Shari’ah Supervisory Board meeting to discuss proposals for …
Mashreq Al Islami Named Best Islamic Window At The Islamic Business & Finance Awards
The Islamic banking division of Mashreq, Mashreq Al Islami was announced the winner of Best Islamic …
Malaysia On Track To Become International Islamic Financial Hub
KUALA LUMPUR, — Malaysia is on track to become an international Islamic financial hub …
Japan Can Get Better Financial Positioning In Int’l Market Through Islamic Finance
Dubai – UAE: Japan, a country renowned for its low or even negative interest rates and as the …
Private-Sector Moves Keep Tunisia’s Islamic Finance Hopes Alive
Tunisia’s Amen Bank launched two Islamic mutual funds this week while a leasing company prepares to …
Hong Kong To Keep Momentum On Becoming Islamic Finance Center
Hong Kong, known for its robust conventional finance scene, is striving to become a hub for Islamic …
Islamic Investment Forum Brings Global Investors And Opportunities Together
Organisation of islamic cooperation markets projected to grow at average of 5.4%.
Manama: Bahrain …
Malaysia On Track To Become International Islamic Financial Hub
KUALA LUMPUR, Malaysia is on track to become an international Islamic financial hub following …
Kenya Holds Meeting To Promote Islamic Finance
NAIROBI, Efforts by Kenya to promote the development of the country as a centre of excellence in …
Kenya: Treasury Out To Accommodate Islamic Financial Products Within Capital Markets.
The National Treasury is in the process of appointing a steering committee to oversee the …
IFM’s London Summit Gives A Fillip To Islamic Finance
LONDON, Being the Only Alternative to the Existing System of Finance, the Challenges to Widespread …
Dubai: Sustainability In Islamic Finance In Focus At CFA Event
CFA Institute and CFA Society Emirates, the local UAE member society of CFA Institute, hosted a …
African Islamic Finance To Be Highlighted At Upcoming Conference In Khartoum
The International Forum on Islamic Finance (IFIF Sudan 2014) is being convened on the 9th and 10th …
Mideast Stocks-Gulf Stock Markets Plunge On Weak Oil; Saudi Down 2.9%
DUBAI, Stock markets across the Gulf dropped sharply in a panic sell-off on Tuesday after the price …
Sri Lanka Receives $1.42 Billion As Foreign Direct Investment Last Year
Islamic Finance has garnered an increased interest in the last few years and has the potential to …
UK: SEIS Fund Becomes Shariah Compliant
The UK’s first Shariah complaint Seed Enterprise Investment Scheme (SEIS) fund has now been …
Trade Finance, The Islamic Way
Islamic lenders need to improve their efficiency and increase penetration in predominantly Muslim …
Islamic Banking Assets To Exceed $778 Billion In 2014: Report
DUBAI: Islamic banking assets with commercial banks in international markets are set to exceed a …
Deloitte Launches The 2014 Takaful Insurance Report In Islamic Finance
Despite the global Takaful insurance market exhibiting impressive double digit growth of 18% over …
Could Islamic Finance Save Capitalism?
Is there a place for ethics and morality in the global economy? Should we continue to rely on …
After Western Sukuk Debuts, Islamic Finance Looks To Emerging Sovereigns
LONDON: This year’s rush by top-rated non-Muslim countries to tap the burgeoning Islamic finance …
Rapid Islamic Finance Growth
ISLAMIC banking is growing faster than its conventional counterpart but is focused in a few core …
Islamic Finance In France
With approximately 5 million residents, France has a large Muslim population, more than any other …
RAM Ratings Assigns AA1 Rating To MBSB’s Tranche 2 Structured Covered Sukuk
RAM Ratings has assigned a final rating of AA1 with a positive Rating Watch to Malaysia Building …
Ahli United Bank Kuwait Foreign Currency Rating Upgraded By Capital Intelligence
Capital Intelligence (CI) affirmed Ahli United Bank Kuwait (AUBK)’s Financial Strength Rating …
Malaysian Financial Firms Have Role To Play In Gulf Region – Expert
KUALA LUMPUR: Malaysian financial firms have an excellent opportunity to play a role in the growth …
Moroccan Parliament Approves Islamic Finance Legislation
Morocco’s parliament gave final approval on Tuesday to an Islamic finance bill that will allow …
Islamic Finance Body IILM Expands Outstanding Sukuk Issuance
DUBAI- The Malaysia-based International Islamic Liquidity Management Corp (IILM) has expanded the …
ADIB Arranges US $420 Million Financing For Zakher Marine International
Abu Dhabi – Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, …
Islamic Finance Leaders To Convene At WIBC Bahrain Conference
Industry titans, pioneers and global leaders in the international Islamic banking and finance …
IRTI Signs MoU With CIMB Malaysia On Islamic Finance Country Reports
In a joint effort to support the development of Islamic financial services industry, the Islamic …
Islamic Finance Set To Tackle Long-Standing Repo Challenge.
Separate but converging efforts are underway in Islamic finance to help develop globally accepted …
Religion And Risk Drive Islamic Finance Boom
KUWAIT: When a Muslim cleric told Ahmad Salim that sharia law forbids paying interest, he returned …
Malaysia: “Best Islamic Fund Manager” AmInvest To Merge Units
KUALA LUMPUR: AmInvest will be merging its unit trusts management and funds management companies, …
Global Islamic Finance Assets Pegged At $1.9 tln As Of H1, 2014
For the past fifty years, Islamic finance as an industry has been steadily widening its …
Bahrain’s Role To Be Probed At Seminar
MANAMA — Bahrain, an influential player in the Islamic finance arena, is set to take center stage at …
Indonesia Revises Islamic Banking Rules As Industry Growth Slides
SYDNEY/JAKARTA: Indonesia’s regulator has issued revised Islamic banking rules covering asset …
Executive Workshop On Islamic Wealth Management & Financial Planning
Date:
25-Nov-14 to 26-Nov-14Location:
Grand Seasons Hotel / Kuala Lumpur / …
Dubai Islamic Bank Signs US$230 Million Aircraft Financing Deal With Air Arabia
Dubai Islamic Bank (DIB) and Air Arabia announced today the signing of an aircraft financing deal to …
Urgent Need For Training Bankers In Islamic Finance
With Islamic finance (IF) and Islamic financial products (IFP) growing popular worldwide, there is …
AlHuda Developed The Capacity Of Central Bank of Somalia For Islamic Microfinance
A three days comprehensive Capacity building program of Islamic Microfinance was held on demand of …
Turkey Treads Fine Line As State-Run Trio Eye Islamic Banking
Three Turkish state-run banks plan to launch Islamic units, widening the reach of interest-free …
Kingdom Gets Recognition As One Of Most Developed Islamic Markets
Acknowledged as one of the most developed Islamic markets, Saudi Arabia is a destination that should …
BAHRAIN: Islamic Finance Body AAOIFI To Discuss Global Accounting Standards
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) …
Islamic Finance Body IIFM Launches Collateralised Murabaha Standard
The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract …
Al Baraka Subsidiary Reports 21pc Increase In Net Profit
MANAMA: Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group …
SUKUK PIPELINE – Issue Plans Around The World
DUBAI, Following are major Islamic bond issues in the global pipeline.The Thomson Reuters Global …
Philippines Plans To Set Up Halal Ecozone
MANILA, Philippines – The Philippines is planning to set up a halal economic zone in line with …
Bank Nizwa Reflects On The Sultanate’s Islamic Banking Journey At Oman Forum 2014
Muscat— As the Islamic Finance industry enters a new phase of growth in the Sultanate, Dr. …
Enough Room For Dubai And UK At The Sharp End Of Islamic Finance
British observers have criticised and praised The Shard, London’s tallest building, in equal …
Indonesia Sharpens Centralised Islamic Finance Oversight
Indonesia’s capital market regulator has signed an agreement with the country’s …
Murabahah Financing For $10 Million Signed Between Intan Baruprana Finance And ICD
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of …
R&I and RAM Ratings Collaborate To Enhance Islamic Finance Market In Japan
Rating and Investment Information, Inc. (“R&I”) and RAM Rating Services Berhad(”RAM Ratings”) …
INCEIF / CIMB Islamic Set Up Research Centre For Banking Studies
The Global University of Islamic Finance and CIMB Islamic Bank have signed a Memorandum of …
Malaysia: CIMB Islamic Signs MoU With INCEIF
KUALA LUMPUR: CIMB Islamic Bank today signed a memorandum of understanding (MoU) with the Global …
Tapping Potential Of Islamic Finance
ISLAMIC finance is a fast-rising star and the world’s financial centres are already staking claims …
Dubai’s Financial Free Zone To Double In Size By 2024 – Says Governor
DUBAI – Dubai International Financial Centre (DIFC) is well on track to double in size over …
Perpetual Sukuk Debut By AirAsia Attracts New Potential Investors
Malaysia is leading global sales of perpetual sukuk as a planned offer by Asia’s biggest budget …
Islamic Financial Services Council Summit To Be Held In Kazakhstan Next Year
A summit of the Council for Islamic Financial Services will be held in Almaty in 2015, Tengri …
Simply Sharia Wins Islamic Finance Firm Of The Year In Finance Monthly M&A Awards 2014
London – Simply Sharia Limited has been named the Winner of Islamic Finance Firm of the Year …
Islamic Finance in Indonesia: Sharia Banking Has Large Untapped Potential
Having the world’s largest Muslim population and experiencing sustained economic growth at a pace of …
Rapid Growth In Islamic Capital Market To Be Scrutinized At ICA Conference
Key factors behind the recent prosperity of Islamic capital markets and prospects for sustainable …
Islamic Finance Looks To Growth Opportunities In Africa
The 3rd Annual Islamic Banking Summit Africa (IBSA Djibouti 2014), which opened today at the …
Emirates Islamic Partners With Union Coop. To Launch Co-Branded Card
Emirates Islamic has announced a partnership with Union Cooperative Society to launch the Emirates …
Abu Dhabi Islamic Bank Net Profit For Q3 2014 Rises 20.5%
Abu Dhabi Islamic Bank (ADIB) Group posted a 20.5 per cent increase in net profit to AED 476.8 …
UAE, Saudi Arabia Offer Opportunities For The Islamic Insurance Sector
According to the EY report Waves of change: The shifting insurance landscape in rapid-growth …
Details Revealed For 3rd Annual Islamic Banking Summit Africa
More than 200 industry participants, regulators and thought leaders in the international Islamic …
Dubai: National Bonds Wins ‘Best Islamic Savings Product for 2014’ Award
Dubai-UAE: – National Bonds Corporation , the leading sharia’a-compliant savings and …
WIEF: Islamic Economy Has A Larger Role To Play
WIEF annual meeting in Dubai rightly focuses on ways to build global human ties across …
Dubai: Sheikh Muhammad Opens World Islamic Economic Forum
Nine heads of state, 12 ministers, four Central Bank Governors attending occasion in DubaiDubai: …
Tunisia Plans $500 Million Sukuk Debut Before Dec, 2014
Tunisia, where nationals began voting in favor of another parliament, arrangements to raise $500 …
IMF Discusses Structural Issues With Islamic Finance Industry Experts
Washington DC– Due to the unprecedented growth of Islamic Financial assets for the past few …
Mega Bank Merger Deal Re-Drawn To Ensure Easier Passage, Say Sources
IT is unlikely that the listing committee of Bursa Malaysia will give a waiver to the Employees …
Egyptian Saudi Insurance House Invests In Egypt’s SALAMA Takaful Firm
Egyptian Saudi Insurance House and Faisal Islamic Bank are planning to contribute in Salama Family …
Dar Seeks Foreign Investment In Pakistan
WASHINGTON – Federal Minister for Finance and Economic Affairs Senator Ishaq Dar in his meeting with …
Tunisia Sends RFPs For Its First Dollar Sukuk Debut
LONDON, – The Republic of Tunisia has sent banks request for proposals (RFPs) for a potential …
52 Listed Companies In The Philippines Become Shariah-Compliant
Fifty-two publicly listed companies in the country, including six which are part of the main-share …
Oman Sets Up Shariah Supervisory Board To Streamline Islamic Banking Activities
Oman — Oman’s central bank has set up a shariah supervisory board to help oversee the …
Bahrain Bourse Going To Introduce Range Of Islamic Financial Products
Bahrain’s stock exchange plans to launch a range of Islamic investment products, including a novel …
Islamic Finance Industry Growing 16% Every Year
Abu Dhabi: Abu Dhabi Islamic Bank (ADIB) said the Islamic finance industry is growing rapidly, with …
Aafaq Islamic Finance Obtained Three Global Awards
In line with consecutive successes, aafaq islamic finance obtained three global awards the first one …
National Bank of Fujairah Launches NBF Islamic
Fujaira, UAE– National Bank of Fujairah (NBF) PJSC today announced the launch of NBF Islamic, …
Islamic Bank of Britain launches UK’s First Home Purchase Plan
Islamic Bank of Britain plc (IBB), (www.islamic-bank.com), the UK’s only wholly Sharia …
Kuwait: KFH To Continue Serving Clients During Eid Holidays
Kuwait – Kuwait Finance House (KFH) announced that it is ready to fulfill its commitments …
Oman: KPMG Briefs Clients On New Financial Reporting Sandards
Muscat – KPMG, one of the world’s most trusted accounting firms, briefed clients in Oman …
Saudi’s Fawaz Alhokair Signs $200m Islamic Loan With SocGen
Alhokair said on Thursday the facility will fund the acquisition and other expansion by the …
Warba Bank Launches Its Point Of Sale Service Website
Kuwait – Warba Bank announced the launch of a website for Point of Sale (POS) Service & …
Dubai’s FBMG Endorses ‘Unique Business Potential’ Of Upcoming Food Show
Dubai Chamber of Commerce & Industry Entity Says Dedicated Food Processing Show Will Provide UAE …
Africa: Islamic Finance Taking Baby Steps By Opening Islamic Windows In Conventional Banks
Fadi Yazbeck, Product Manager for Islamic Banking at Temenos, explains why Islamic windows might be …
Qatari Stocks: Investors Should Move To Fairly-Priced Stocks
DOHA: With a significant number of Qatari stocks heading to ‘premium range’, especially …
Malaysia Attracting Foreign Investments In The Halal Sector
Kuala Lumpur:–With its modern infrastructures, good administrative regulations, sound legal …
FIFA Rattles Qatari Sukuk Performance
Qatar — Prospects for the 2022 World Cup in Qatar are unsettling bond investors already …
Malaysia, Singapore Competing For A Share Of Bond Issuance In Chinese Yuan
Malaysia and Singapore’s governments, competing for a share of bond issuance in a globalizing …
Malaysia Sales Gather Pace With Biggest Sukuk Of 2014
The world’s biggest Islamic debt offering of 2014 from Malaysia’s sovereign wealth fund will push …
Who Should Control The Pace, Direction Of Islamic Finance?
It is easy to get caught up in the endless debate over why Islamic finance has not readily embraced …
Bahra Cables Arranges $265m Islamic Financing
, Dubai, UAE– Building on the confidence and recognition Bahra Advanced Cable Manufacturing …
Tabung Haji Denies Investment In The United States
KUALA LUMPUR: Lembaga Tabung Haji (TH) on Monday denied that it has made an investment in the United …
Jafza Achieves 21% Growth In H1, 2014
Jebel Ali Free Zone (Jafza), the flagship free zone operation of Dubai and the UAE has posted over …
Mohamed Damak Appointed S&P’s Global Head Of Islamic Finance
DUBAI – Standard & Poor’s Ratings Services (S&P) announced the appointment of …
Female Bank CEOs Deepen Malaysia Expertise Pool In Islamic Finance
Kuala Lumpur — In her native Malaysia, Hong Leong Islamic Bank Bhd. Chief Executive Officer …
Sultan Nazrin Becomes Royal Patron For Malaysia’s Islamic Finance Initiative
KUALA LUMPUR — The Sultan of Perak, Sultan Nazrin Muizzuddin Shah, has graciously consented to …
Law Firms Flocking To Dubai To Grab Islamic Finance Opportunities
As Dubai has been planning to become the capital of Islamic Economy for quite some time now, several …
UK Introduces Shariah-Compliant Loans For Muslim Students
The UK government’s initiative to introduce Sharia-compliant alternative student finance (ASF) …
Bank Nizwa Achieves 80% Of Two-Year Network Expansion Plan
Oman – Bank Nizwa has achieved 80% of its end of 2014 targeted network expansion plan with the …
Ethical Sukuk Boosted By Vaccine-Funding Debut: Islamic Finance
A group that’s raised $4.5 billion for child vaccinations since its inception in 2006 plans to tap …
Growth Of Islamic Insurance Sector Rebounding, Study Finds
Growth of takaful (Islamic insurance) business is rebounding, fuelled by improved economic …
SWIFT Rulebook To Enable STP In Islamic Finance
Along with the Association of Islamic Banking Institutions Malaysia (AIBIM) and the Malaysian …
JADWA Investment Wins Banker Middle East’s “Best Islamic Fund” Award
Riyadh, :Jadwa Investment , a leading Saudi Arabian investment management firm headquartered in …
ICD, BTMU Malaysia Sign Financing Deal
KUALA LUMPUR – The Islamic Corporation for the Development of the Private Sector (ICD), the …
Takaful Industry’s Rise Highlights Rich Prospects Despite Market Challenges
With the global Islamic finance markets exuding vitality as they sail past the $2 trillion mark, the …
IFSB And BIBF To Debut Inaugural Islamic Finance Executive Programme In October 2014
Manama, Bahrain -: BIBF and the Islamic Financial Services Board (IFSB) is organising the debut of …
Building Scale: Adapting To A Changing Market For Islamic Cooperative Insurance In The Middle East
More than 250 key players and thought leaders in the Middle East insurance and reinsurance industry …
More Non-Muslim Government Sukuk Issuers To Hit Market
Dubai: As the hard currency denominated sukuk issuance gains momentum, analysts expect more new …
Gulf Sovereigns Continue To Dominate Dollar Sukuk Issuance
Dubai: Volumes of sovereign sukuk have increased significantly over the last three years as …
Malaysia The Runaway Leader In Islamic Finance Market
MALAYSIA emerged as the leader on various checkpoints for Islamic finance in a newly released global …
ICD Signs Financing Agreement With Bank Of Tokyo-Mitsubishi UFJ (Malaysia)
The Islamic Corporation for the Development of the Private Sector (ICD) and Bank of Tokyo-Mitsubishi …
Mega Islamic Bank Will Boost Islamic Finance Growth, Says Expert
The creation of a mega Islamic bank will push Malaysian banks to look beyond local shores should the …
RAM Ratings Assigns AAA(fg) Rating To Puncak Wangi’s Proposed Guaranteed Sukuk
RAM Ratings has assigned a AAA(fg)/stable rating to Puncak Wangi Sdn Bhd’s (Puncak Wangi or the …
RAM Ratings Sees Great Potential In Green Sukuk
RAM Ratings sees great potential in Green Sukuk, in tandem with the increased interest in both …
WIEF to Hold Investment Roundtable In Cordoba
KUALA LUMPUR: The World Islamic Economic Forum (WIEF) Foundation, in collaboration with the …
AlKhair Capital Plus Sukuk Fund Launched
AlKhair Capital Saudi Arabia launched the AlKhair Capital Plus Sukuk Fund, an open-ended, …
Meethaq forum Gighlights Role Of Islamic Banking
Meethaq hosted a forum on the ‘Principles of Islamic Economy and Development’ on Sunday, 7 …
Barwa Bank Opens New Branch At The Pearl-Qatar
Barwa Bank announced the opening of its new branch at The Pearl-Qatar located in Medina …
Al Hilal Bank Customers May Now Use EIDA Card For ATM Transactions
Al Hilal Bank customers can now start using their Emirates Identity Authority (EIDA) Identity Cards …
Bahrain Named MidEast’s Most Influential Islamic Finance Market
Bahrain has been named the GCC’s leading Islamic finance market and second out of 92 countries …
Long-Term Finance To Take A Hit
KARACHI: Riots and sit-ins have many short-term economic fallouts, like the breakdown of law and …
Islamic Capital Market Viable Fallback To Conventional Peer
JEDDAH – The Islamic capital market has developed to become a viable alternative to its …
Exporters Urged To Explore Halal Market In Malaysia
MANILA, Philippines – Filipino exporters are encouraged to explore opportunities in Malaysia, …
Islamic Banks Face Challenge From Basel III Deposit Regulations
As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face …
World Bank Plans To Raise $500 Million Via Sukuk
Kuala Lumpur: The World Bank plans to raise as much as $500 million worth of Islamic bonds, or …
SMEs Offer Huge Opportunities For Islamic Banks
There is no doubt that there is significant demand for Islamic banking services, both from the …
Industrials, Banking And Telecom Stocks major Drag On Qatar Bourse
The Qatar Stock Exchange again failed to break the 14,000 psychological mark with industrials, …
Islamic Banking Draws New Interest From The West
At the beginning of last June, the European Central Bank issued a decision to reduce the deposit …
Kazakhstan Should Adjust Its Legislation For Islamic Finance: Says Central Bank Governor
The 4th Kazakhstan Conference on Islamic Finance took place this Wednesday in Kazakhstan. In his …
Islamic Banking: Sharing Risk For Caring Society
The only certainty in this world is ‘uncertainty.’ Risk is an integral part of our daily …
Growth Of Islamic Banking And Finance In Pakistan
LONDON: A pre-publication copy of the Global Islamic Finance Report 2014, which is expected to be …
Bank Muamalat Malaysia To Launch Islamic Private Banking
KUALA LUMPUR: Bank Muamalat Malaysia Bhd expects to launch Islamic Private Banking within a year to …
Know The Best Marketing Strategy With Islamic Marketing
People have many different goals in their life that they want to achieve to develop the best career …
Greater Collaboration Of Islamic Finance Essential Now
Collaboration between Islamic finance market players must be strengthened further in the effort to …
Challenges For Islamic Financial Products In Ireland
In recent months there has been growing momentum in Europe to adopt and implement Islamic finance …
Rackspace Features Ethica Institute Of Islamic Finance On Rackstories
Where does the world of Islamic finance meet the world of cloud hosting? Rackspace and Ethica for …
KSA: Jadwa Investment Offers Tadawul to Foreign Investors
Jadwa Investment offers a detailed analysis about the prospects for the Saudi stock market following …
Malaysia: Securities Commission Launches Sustainable & Responsible Investment Sukuk Framework
The Securities Commission Malaysia (SC) today launched the Sustainable and Responsible Investment …
Saudi Arabia: Riadh Industry Shows Performnace Boost In Q2, 2014
Saudi Arabia: Colliers reports that during the second quarter of 2014, Saudi Capital, Riadh’s …
For First Sukuk Issue Next Week, Hong Kong Will Arrange RoadShows
Hong Kong’s government will hold investor meetings next week for its maiden Islamic bond …
All Share Index Of Saudi Arabia, Tadawul Surpasses 11,000-Mark
Saudi Arabia’s Tadawul All Share Index surpassed 11,000 points for the first time in six years on …
Erdogan Retooling Turkish Banks to Boost Islamic Finance
Turkey’s biggest state-owned bank is branching out from being a traditional lender to farmers to …
Azzad First Halal, US Fixed-Income Mutual Fund
The Azzad Wise Capital Fund (NASDAQ: WISEX), America’s first Halal, socially responsible …
Islamic Finance: Foreigners Feel Clash Of Investment Cultures On Saudi Bourse
Islamic Finance: Foreigners Feel Clash Of Investment Cultures On Saudi BourseSeventy-year-old …
Dubai Chamber Report Shows Increasing Preference For Halal Food As Global Market Grows To US$1.1 Trillion In 2013
Growing demand for packaged food in UAE offers new opportunities in nation’s halal food …
Investing in Brunei Darussalam’s innovation in Brunei Darussalam
Brunei Darussalam has lost ground in its efforts to promote innovation as a cornerstone for future …
Lured By Halal Livestock? Banco de Brasil To Launch First Sharia-Compliant Fund
Enticed by the Halal Livestock Industry, Banco do Brasil is set to …
Landmark Research In Islamic Finance: World Bank To Collaborate With Al Baraka
Al Baraka Banking Group today announced its collaboration with the World Bank to begin a research …
The International Bank Of Azerbaijan To Drive Islamic Banking In Russia
The International Bank of Azerbaijan, the major state-owned bank holding at least 40 percent of all …
BRIC Markets Bring Bigger Capital Inflow Into UAE Than MENA Markets Says Fortress Investments
Fortress Investments says that there is a significant increase in capital inflows into UAE from …
Economic Zone World Initiatives Spur Dubai’s Drive To Become Global Islamic Economic Hub
Economic Zone World Initiatives Spur Dubai’s Drive To Become Global Islamic Economic Hub
Over the …
US and EU Economic Sanctions Increase Russian Halal Market Gains
Halal sector is unlikely to be hit by US and EU economic sanctionsIn the days of Ramadan 1435 …
Report Suggests Ways To Make Dubai As The Capital Of The Islamic Economy
DUBAI, The Dubai Islamic Economy Development Centre, DIEDC, in partnership with Thomson Reuters and …
Expectation High As Lotus Halal Traded Fund Lists On NSE
We have seen the listing of other Exchange Traded Funds in the Nigerian market i.e. the NEWGOLD …
SABB/HSBC PMI Index: Strongest Improvement In Operating Conditions Since September 2012
SABB/HSBC PMI Index: Strongest Improvement In Operating Conditions Since September 2012
The Saudi …
Astra Industrial Obtain Islamic Banking Facilites
Astra Industrial has recently announced the signing of an Islamic banking facilities agreement with …
Dubai: Debt Restructuring Proposal Approved For Almak
Dubai’s Amlak Finance said on Thursday that a proposal to restructure its debt had been …
Deloitte: Middle Eastern Banks Seize Opportunities For Global Expansion
Deloitte: Bank M&A transactions set to outpace GDP growth in emerging marketsWorld trade …
Islamic Finance: Bahrain’s Investcorp Says Full-Year Net Profit Up 25%
Bahrain-based alternative investment fund Investcorp posted a 25 percent gain in annual net profit …
UAE’s Dana Gas Q2 Net Profit Jumps 70% On Higher Production
UAE’s Dana Gas Q2 Net Profit Jumps 70% On Higher Production
Dana Gas, the United Arab …
China, Malaysia Promote Chinese Halal Industry Globally
The strong ties between China and Malaysia, particularly in the thriving Halal industry, were …
Dubai Investments Says H1 Net Profit More Than Doubles
Dubai Investments said on Sunday that its net profit for the first six months of the year more than …
UAE: Watania’s Majority Shareholders To Sell Stakes
Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Sunday its majority …
Dubai’s Arabtec Announces Q2 Net Profit Up 11%
Dubai’s Arabtec Announces Q2 Net Profit Up 11%
Arabtec, the construction company at the …
MSCI Is Considering to Add Saudi Arabia As Emerging Islamic Market In 2015
Index compiler MSCI will consult with investors about adding Saudi Arabia to its broader stock …
Islamic Financial Products Gaining Popularity In The Gulf
The financial landscape in the Gulf region is undergoing a significant transformation. Islamic …
UAE Set To Issue First Federal Gov’t Bonds Before 2018
UAE Set To Issue First Federal Gov’t Bonds Before 2018
The UAE is expected to issue its first …
Cash Rich Japan – Where To Invest?
A view on Japan’s stance on multi-billion dollar Islamic Finance markets – Nasir A. …
Sharia Finance: Plenty Of Interest In No Interest
The British Government is believed to be planning to raise funds by issuing Shariah-compliant …
Islamic Economies Are Set To Spiral Over The Next Decade
Islamic economies are already a significant part of the global economy and are set to become even …
Exploring the Position Of Bitcoins in Islamic Banking and Finance
Islamic Banking and Finance
It may be too early to form a final opinion about Bitcoins (BTC) as a …
Islamic Banking: Growing Fast But Can It Be More Than A Niche Market?
For years, Islamic banks have been growing at a double digit pace. Ernst and Young (E&Y), in …
Noor Bank, 2 Others Arrange USD155m Loan For Jafz Firm
Islamic facility was arrange for a reputed oil services company
Dubai’s Noor Bank , Qatar …
Yemen Curbs Travel, Recruitment In Austerity Drive
Yemen’s president has ordered a raft of austerity steps, including a review of state-owned …
Tamkeen & BMI Bank Sign Extension to Shariah Compliant Finance Scheme
Tamkeen and BMI Bank, a subsidiary of Al Salam Bank – Bahrain, today announced an extension to their …
Bank Nizwa Gets The Best Islamic Finance Institution Award In Oman
Muscat — Dr Jamil El Jaroudi, CEO, Bank Nizwa accepted another prestigious award on behalf of …
No Hike In Dubai Property Registration Fees: DLD Chief
Sultan Butti Bin Mejren, Dubai Land Department DG, says any such move, if contemplated, will be done …
Six Things You Need To Know About Islamic Banking In Britain
The Treasury has just sold £200 million worth of Islamic government bonds, known as “sukuk”, in a …
Islamic Banking Moves Forward in Morocco
Moroccan lawmakers just approved a banking bill that provides for the creation of Islamic …
Islamic Financing ‘Sukuk’ Launched In Suriname
PARAMARIBO, Suriname — Jim Rasam, CEO ofIntermed Group, has launched a new form of investment …
RAM Ratings Reaffirms Bank Muamalat’s A2/P1 Ratings
RAM Ratings has reaffirmed Bank Muamalat Malaysia Berhad’s (the Bank) A2/Stable/P1 financial …
Luxembourg Sukuk Bill Passes Into Law
On July 2014, the Luxembourg Parliament approved draft law 6631 on a sale and buy-back transaction …
Malaysia En-Route To Establishing World’s First Islamic Megabank
MALAYSIA: Malaysia’s industry heavyweights CIMB Group, RHB Capital and Malaysia Building Society …
Saudi’s SAFCO Posts 7.8% Drop In Q2 Net Profit
Saudi Arabian Fertilizer Co (SAFCO) posted a fifth-straight decline in quarterly earnings on Sunday, …
Emirates Islamic Offers Special Exchange Rates On Currencies For Summer Travel Season
Promotion focused on providing best exchange rates on currencies of major travel …
BANK NIZWA Wins Prestigious Award For Being Best Islamic Financial Institution In Oman.
Muscat- Dr. Jamil El Jaroudi, CEO, Bank Nizwa accepted another prestigious award on behalf of the …
Kenya Looks To Tap UAE Market
Kenyan Consul General meets Expo Centre CEO
Explore ways to strengthen trade ties
Sharjah, …
Saudi Arabia’s Insurance Sector Set For Consolidation
•Changes in the mortgage market bode well for the insurance industry
• Kingdom’s IPO market set to …
QNB Group Reports H1 Net Profit Up Seven Per Cent At QAR 5.1 Billion
For the first six months of 2014, net profit was QAR 5.1 billion ($1.4 billion), up by 7.0 per cent …
Hong Kong Hires Banks For First Islamic Bond
Hong Kong has mandated HSBC , Standard Chartered, CIMB Group Holdings and National Bank of Abu Dhabi …
Standard Chartered Opens Its First UAE Islamic Banking Centre
Standard Chartered announced it has opened its first dedicated Islamic Banking Centre in the UAE at …
Saudi British Bank Reports Q2 Profits Up 15.19 Per Cent
The Saudi British Bank (SABB) reported Q2 profits of SAR 1,157,23 million, up 15.19 per cent on year …
Omani Official Drives Trade and Tourism Growth in Taiwan
Despite being the sole Omani representative in Taiwan, Sulaiman Bin Sultan Al Mughairy, the director …
The Saudi Investment Bank, An Islamic Bank Q2 profits up 10 per cent at SAR 352.9 million
The Saudi Investment Bank, An Islamic Bank reports quarterly profits up from SAR 320.4 million a …
IFSB Secretary General Outlines The Challenges Facing Sukuk
In his Keynote Address at the 2014 London Sukuk Summit, at the Jumeirah Carlton Tower on 18 June, …
Islamic Banks Miss Out On SME Business Opportunity Across MENA
Recently published research by the World Bank’s International Finance Corporation (IFC) suggests …