Court Orders Pak Government To Abolish Interest By 2027
Federal Shariat Court (FSC) of Pakistan Issues Directive to Eradicate Riba (Interest) from Nation’s Financial System by 2027
The Federal Shariat …
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 …
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 …
Court Orders Pak Government To Abolish Interest By 2027
Federal Shariat Court (FSC) of Pakistan Issues Directive to Eradicate Riba (Interest) from …
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 Finance
Islamic personal finance is a unique approach to managing …
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: In March, the Zakat Fund Department under the Ministry of Awqaf and Islamic Affairs in Qatar …
Dutch Banks Accused of Discriminating Against Muslims
Dutch Muslims Face Increased Discrimination Due to Anti-Money Laundering Laws
Rabin Baldewsingh, the …
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 has announced its strategic sponsorship of the 43rd edition of the Al-Baraka Islamic …
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?
When it comes to financing higher education, student loans have long been the go-to solution for …
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 deemed permissible under Islamic law, constitutes a …
Islamic Finance in Nigeria Continues To Flourish
Fitch Ratings has predicted a sustained growth trajectory for Nigeria’s Islamic finance …
What Is Halal Money? Top Ways To Earn Halal Money
Halal money is a term used to describe money earned through lawful and ethical means by Islamic …
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 implemented
The 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 …
What is Halal Investing? Its Benefits & Risks
Have you ever wondered what halal investing is and how it can benefit you? If so, you’ve come …
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 …
What is Halal Home Financing?
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 …
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 has announced the appointment of several banks and financial …
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?
You are a marketing professional working in the Islamic finance industry? Ever since its inception, …
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 is hosting its first National Forum for Islamic Banking on Dec. 6 and 7 in Riyadh, …
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?
How do Muslims think about the concept of Islamic wealth management? How do they manage their …
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, …
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
The battle for a share of the banking sector is intensifying in the US and around the world. Migrant …
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 …
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 …
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?
Always wondered what is the difference between Takaful and Life Insurance? Although both …
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
The “CaizCoin,” in literal terms, means something permissible. This is synonymous with …
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 experience in …
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 operations.
The …
Islamic Finance Can Be A Panacea For The Post-Pandemic World Economy
COVID-19 has left the global economy reeling. Being part of the global financial system, Islamic …
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 Bond …
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 …
Islamic Development Bank Lists $2.5bn Green Sukuk On Nasdaq Dubai
The total value of the bank’s Sukuk listed on Nasdaq Dubai currently stands at $17.14bn
Islamic …
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 2021
Although every Muslim seems to know what Zakat is, very few of them have a detailed understanding of …
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 …
Malaysia Leads Global Islamic Economy Indicator For 8th Consecutive Year
Malaysia continues to lead the rankings in Islamic economy and finance by the Global Islamic Economy …
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, …
Saudi Arabia Closes March Domestic Issuance of Sukuk Program at 7.674 B Riyals -SPA
The National Debt Management Center, Saudi Arabia, announced that it has closed the March 2021 …
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 Australia
One of the largest mortgage aggregators in Australia, Finsure, …
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
Malaysia’s Islamic banking sector continued to expand despite the economic challenges from the …
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 (ADIB) has launched a virtual sales platform that allows customers to …
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
Fintech, according to financial analysts, is a viable platform that can be leveraged to boost …
Moody`s Assigns Top Ratings For Saudi Government Sukuk
The top global credit rating agency, Moody`s has assigned top ratings for Saudi Arabia’s domestic …
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 …
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 …
Malaysia Should Lead Islamic Social Finance Endavors
According to the State of the Islamic Economy Report 2018/19, Malaysia has retained its status as …
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 …
Alliance Islamic Bank Launches Social Crowdfunding Platform
Alliance Islamic Bank Bhd (AIS), the Islamic banking arm of Alliance Bank Malaysia Bhd yesterday …
CollabDeen, A Muslim Community-Focused App Launched
CollabDeen is a Deep-Tech, AI-Powered, community management platform that helps faith-based …
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 …
Call To Adopt Islamic Economic, Banking System
LAHORE: Speakers at a conference stressed the need for adopting Islamic economic, finance and …
Yasaar Group To Open A Branch Office in Brunei
Yasaar Group, a UK-based Islamic finance consultancy launched its sub-office in Bandar Seri Begawan, …
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 …
Saudi Public Finance Policy Focuses On Revenue Growth
Dubai: Saudi Arabia last week announced its largest-ever budget spending for the year 2018, …
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 …
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?
NAIROBI, KENYA – Although Islamic Banking is at an early stage, the faith-based lending model …
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. On May 19, a business breakfast of Sberbank and KPMG on “Counterpart …
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, 2017
Aiming to Connect Education to …
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 …
FNB Launches Shariah-Compliant Insurance Product
FNB Islamic Banking has launched Takaful, an Islamic-compliant alternative to conventional …
CBK Boosts Islamic Finance With Emirates’ Bank Licence
United Arab Emirates (UAE) lender, Dubai Islamic Bank, is set to start operations in Kenya as the …
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 …
Malaysia’s Public Sector Home Financing Board Issues RM3.25b Sukuk
KUALA LUMPUR (April 20): Malaysia’s Public Sector Home Financing Board had today issued up to …
Al Baraka to Pick Credit Agricole, Emirates NBD for Sukuk
(Bloomberg) — Bahrain’s Al Baraka Banking Group BSC picked seven banks, including Credit …
With ‘Charity House’, Islamic Banking Eyes Welfare and Image Overhaul
KUALA LUMPUR ― Nearly three decades old here, Islamic banking is still grappling with perception …
Workshop on Islamic Finance Set for Nairobi
Nairobi will next week host a forum on governance, risk and compliance for Islamic finance, building …
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 …
GCC Islamic Banks Face Weaker Growth Prospects
The weak economic environment will continue to dampen the financial performance of Islamic banks in …
6th Islamic Finance Expo & Conference To Be Held On April 27 in Karachi
The Sixth Islamic Finance Expo & Conference (IFEC-2017) will be held on 27th of April 2017 at …
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” …
KFH Malaysia Hires Six Execs; EFG to Get Former Exec as Business Head
April 20, 2017: Kuwait Finance House (Malaysia) Bhd has appointed six new executives with an aim …
Dar Al-Arkan Lists $500m Sukuk on Nasdaq Dubai
Saudi Arabia-headquartered real estate developer, Dar Al-Arkan, has listed a $500m sukuk on Nasdaq …
Gulf Navigation Shareholders Approve $250m Sukuk Issue
Dubai: Gulf Navigation said on Thursday its shareholders approved to issue a senior and unsecured …
S&P: Islamic Banks to Stay on Course Through Gloomy Conditions
The weak economic environment will continue to dampen the financial performance of Islamic banks in …
Sime Darby Launches Cash Offer to Buy Back Outstanding RM3.5Bil Sukuk
KUALA LUMPUR: Sime Darby Bhd has launched a cash offer to repurchase its unit Sime Darby Global …
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 …
Bursa Malaysia Organises Inaugural Shariah Investing Forum
Bursa Malaysia Berhad’s (“Bursa Malaysia” or “the Exchange”) inaugural Shariah Investing Forum 2017 …
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 …
Emirates Islamic Announces ‘Personal Finance Sale’
Emirates Islamic has announced its Personal Finance Sale, enabling customers to benefit from profit …
Voting open for the Banker Middle East Industry Awards 2017
Nabilah Annuar Voting open for the Banker Middle East Industry Awards 2017 Acknowledged as the most …
Sukuk Accounting Proposal to Take Standardisation Debate to the Next Level
Classification guidelines for Sukuk issued by Islamic financial institutions, if implemented, …
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 …
PRG Holdings, Malaysia to Explore Halal Business Opportunities Overseas
KUALA LUMPUR: PRG Holdings Bhd, Federal Land Consolidation and Rehabilitation Authority Bhd (Felcra) …
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
Manama, Apr. 2 (BNA): The General Council for Islamic Banks and Financial Institutions (CIBAFI) has …
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 funds …
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 …
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 …
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
JAKARTA, Aug 2 — Malaysia has identified Islamic wealth management as a new growth area going …
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?
Australia needs sharia-compliant financing if it is to be a regional financial services power. …
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 …
IDB Debuts Sukuk Worth $US1.5bln
Jeddah: – Islamic Development Bank (IDB) will raise $1.5 billion from a five-year sukuk issue …
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 Ohuocha
LAGOS 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 …
Ajman Bank, UAE Posts Profit of Dh122 Million
Ajman: Ajman Bank has declared a profit of Dh122 million for the year ended December 31, 2015, …
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 …
IFSB To Develop Standards For Islamic Capital Markets, Insurance
Nov 20 The Kuala Lumpur-based Islamic Financial Services Board (IFSB) plans to develop guiding …
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 …
G20: Turkey Shows Progress In Developing Islamic Finance
Istanbul – Experts who attended at a G20 conference on Islamic finance in Istanbul have …
Malaysian Telco Issues $500m Islamic Bond For Myanmar Towers Investment
This is the largest-ever corporate bond issued with proceeds to be invested into a Myanmar towers …
Islamic Finance Assets ‘set To Double To $3.2trn’ By 2020
Islamic finance assets had an estimated value of $1.8 trillion in 2014 and are expected to almost …
GCC Banks Lag In Mobile Banking & Digital Customer Experience
Dubai: The banking industry in the GCC is facing huge challenges in meeting the customer …
Kazakhstan Set For Debut Sovereign Sukuk In Early 2016
Nov 16 Kazakhstan’s parliament has approved legislative amendments to facilitate Islamic …
Islamic Banking Assets In Oman Reach Ro2bn
Muscat – Continuing the fast-paced growth in Oman’s Islamic banking industry, the total assets …
Turkey Says Islamic Banking Can Help Boost Smes
Islamic bank financing products could help solve financing problems of small- and medium-size …
Turkey a Rare Bright Spot in Islamic Finance’s Forgettable Year
In a year to forget for the Islamic finance industry, this month’s Turkish election may prove the …
Kuwait Financial Regulator Opens Door For More Sukuk Issuances
Kuwait’s financial regulator has released rules covering issuance of Islamic bonds in a move …
Emirates Plans $1 Billion Sukuk In 2016
Abu Dhabi: Emirates could issue a conventional or Islamic bond in 2016 to raise as much as $1 …
Omantel Plans 50 Mln Rial Sukuk Issue By Early 2016
Nov 9 (Reuters) – Oman Telecommunications Co (Omantel) plans to sell 50 million rials ($130 …
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 economy
Islamic finance may see …
Takaful Malaysia Reports Flat 3q Net Profit Of Rm34.42m
Kuala Lumpur – Syarikat Takaful Malaysia Bhd ( Valuation: 0.50, Fundamental: 0.95) reported a …
Ernest & Young: Islamic Banking To Grow Despite Uncertainty
Dubai: In a joint press conference with the World Islamic Banking Conference (WIBC), Ernest & …
Assets, Deposits Of Ibis Witness 37pc Increase: Ｒｅｐｏｒｔｓ Ｐａｋ`s SBP
Islamabad—Growth momentum of Islamic banking industry in the country continued during FY15 as both …
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 …
Gulf Times Indonesia Lagging Behind Malaysia In Islamic Banking
JAKARTA • Indonesia’s ambitions to rival Malaysia as an Asian Islamic finance hub are …
Oman’s First Sovereign Sukuk Attracts Strong Orders
The 200 million rial ($520 million), five-year sukuk issue with an ijara format drew 22 orders …
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 …
Philippines Delays Islamic Bond Debut
THE PHILIPPINES’ first “sukuk” bond issuance may have to wait a while despite recent pronouncements …
Albaraka Turk Picks Arrangers For Capital-Boosting Sukuk- Sources
Oct 18 Turkish Islamic bank Albaraka Turk has picked seven arrangers for a potential …
Dubai Can Be Global Hub Of Islamic Asset Management
Greater innovation, diversification in sector to be key factors
Dubai’s Islamic finance …
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 …
Maisarah Islamic Banking Services To Fund Construction Of Muscat Hotel
In keeping with its strategic growth plan and efforts to fund large-scale projects throughout Oman, …
SEC Wants State Govts To Explore Islamic Financing
In deepening Islamic finance in Nigeria, Securities and Exchange Commission (SEC), is organising a …
Qatar Islamic Bank Mandates for Sukuk Issuance
Qatar Islamic Bank (QIB), has mandated Barwa Bank, Citi, HSBC, Noor Bank, QInvest, and Standard …
Azerbaijan Misreads Islamic Finance Bonanza
A couple of days ago, I was shocked to know that the International Bank of Azerbaijan (IBA), the …
Malaysian Islamic Bonds Sales Expected To Pick Up
Malaysia’s two biggest banks are predicting a pick-up in the country’s Islamic bond (sukuk) sales as …
Sustainability Key For Firms Keen To Stay Longer
KUALA LUMPUR, Oct 13 (Bernama) — Companies must have sustainability strategies if they aim to …
BIBF Islamic Finance Programme Concludes
The Bahrain Institute of Banking and Finance (BIBF) has announced the conclusion of its second …
Takaful Industry Offers Lucrative Opportunities, Says Takaful Ikhlas
KUALA LUMPUR, Oct 11 (Bernama) — The takaful industry offers lucrative opportunities as the …
Demand For Islamic Finance Qualifications On The Rise
Dubai: The Chartered Institute for Securities & Investment (CISI) has announced a significant …
Indonesia Needs To Deepen Its Sukuk Bond Market: Maybank CEO John Chong
October 12, 2015: Infrastructure projects in the ASEAN region need $7 trillion investmet, says John …
Takaful Emarat Details Capital Increase
Takaful Emarat has announced details of a share issue that will increase its capital from AED 100 …
Oman May Float Debt Instruments For Raising Funds From International Markets
Muscat: The government of Oman could float an international bond, or sukuk, after the successful …
London, SEC Pledge To Deepen Islamic Finance In Nigeria
The Securities and Exchange Commission and the City of London have pledged to work jointly to deepen …
Country Garden Sets The Stage For First Chinese Sukuk
Asian issuers have been tapping the Islamic market for funding with increasing frequency in recent …
Nairobi to Host First EA Islamic Finance Summit in December
Nairobi will host the first East African Islamic finance summit in December.
The summit whose theme …
Int’l Conference on Islamic Banking To Be Held In Islamabad In November
Islamabad—An International Conference on “Islamic Banking – Potential of Muslim Ummah” will be held …
Islamic Finance In Lebanon Less Than One Per Cent Of Banking Sector
Mutasim Mahmassani, Board Member and General Manager of Al Baraka Bank Lebanon, said that the size …
Indonesia Hopes For An Islamic Banking
Indonesian teacher Nina Ramadhaniah hopes for “blessings from Allah” by opening a sharia …
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 …
DIB Sees India as Emerging Islamic Finance Market, CEO Says
Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest Shariah-compliant lender, is exploring an …
Kenya To Host First East Africa Islamic Finance Summit
Kenya is set to host the first East Africa Islamic Finance Summit (EIAFS2015) that will be held on …
Dubai Chamber Study Explores Untapped Islamic Economy Potential Of The African Market
Dubai 6th October 2015 (WAM): A Dubai Chamber of Commerce and Industry study reveals the presence of …
Islamic Bank To Be Established In Dagestan
Makhachkala, October 7, 2015. In Dagestan, the economic specialists study the possibility to …
UAE launches first Islamic Banking Index
Emirates Islamic on Monday launched the UAE’s first Islamic Banking Index. Its findings …
PQGTL, NBFI & Modaraba Association To Promote Takaful Products
Thursday, October 08, 2015 – Karachi—Pak-Qatar General Takaful Limited (PQGTL) and NBFI & …
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 …
Slower Pace For Islamic Bond Sales Expected In 2016
Islamic bond sales are expected to slow next year across the region as Arabian Gulf governments trim …
S&P lowers ratings on UAE’s Takaful Re
Standard & Poor’s Ratings Services said that it lowered its long-term counterparty credit …
NDIC Seeks Greater Awareness On Benefits Of Non-Interest Banking
The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru …
Govt Mulls Buying Ijara Sukuk On Deferred Payment
KARACHI: The government is mulling to purchase near maturing Ijara Sukuk worth Rs233.81 billion from …
Breaking Down the Silos In the Islamic Economy
Muslim or not, If you want to succeed in the global economy you must be involved in the Islamic …
Ensuing Financial Inclusion
One of the featured sessions at the Global Islamic Economy Summit from 5-6 October will be on the …
Central Bank Of Bahrain’s Sukuk Al-Ijara Bonds Exceed Subscription Capacity
The Central Bank of Bahrain (CBB) has announced that its monthly issue of the short-term Islamic …
Islamic Finance In The UK: Recent Developments Building On Strong Foundations
The UK has sought to put itself at the forefront of Islamic finance and made a loud statement of …
Noor Bank Reports 26% Profit For H1, 2015
DUBAI, Noor Bank today reported record net profits of AED 272 million for the first six months of …
Inaugural World Bank Symposium On Islamic Economics & Finance To Be Held In Istanbul
To be held on September 8-9, 2015 at Bogazici University, Albert Long Hall, Istanbul, Turkey
The …
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 …
GCC Islamic Insurance Sector Facing Shake-Up
Dubai: GCC countries have experienced massive regulatory change with respect to the insurance sector …
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, …
World Bank Signs Cooperation Deal To Promote Development Of Islamic Finance
The World Bank has signed a Memorandum of Understanding (MoU) with the General Council for Islamic …
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 …