Amana Bank Sri Lanka Named Best Islamic Bank in South Asia
Amana Bank has recently been adorned with the prestigious title of ‘Best Islamic Bank in South Asia 2024’ by Brands Review Magazine Awards. This …
Finance
Maldives Hosts Global Islamic Finance Summit 2024
The Islamic finance industry is witnessing an unprecedented surge in interest. It is driven by its ethical principles, focus on social responsibility …
Can the UK Become A Leading Western Hub for Islamic Finance?
The United Kingdom has long been recognized as a pivotal player in the global Islamic finance industry, serving as a significant Western hub for …
Maybank Becomes First Commercial Bank to Offer Islamic Banking in the Philippines
Maybank Islamic Banking has recently made headlines by becoming the Philippines’s first private commercial bank to offer Shariah-compliant services, …
What is Murabaha? Understanding the Key Islamic Financing Method
Murabaha is one of the most prominent concepts in Islamic finance, often used in various financial transactions, including home purchases, vehicle …
The Truth About Islamic Banking: Debunking the Top 10 Myths and Misconceptions
Islamic banking has rapidly gained traction as a strong alternative to conventional financial systems, delivering services that align with the ethical …
2025 IsDB Prize Nominations Open: Honoring Excellence in Islamic Economics
The Islamic Development Bank Institute (IsDBI) is excited to announce the opening of nominations for the prestigious IsDB Prize for Impactful …
Muhammad Rafe Appointed CEO of MBSB Bank Starting August 19, 2024
MBSB Bank Bhd, a leading entity in Malaysia’s Islamic finance sector, has recently made headlines with the appointment of Mohamed Rafe Mohamed …
Top 10 Islamic Banks Worldwide: Leading Institutions for Islamic Finance in 2024
Islamic banking has experienced remarkable growth in recent decades, establishing itself as a significant player in the global financial sector. …
How Islamic Banks Are Navigating Financial Strain to Maintain Dividend Payments
In a dramatic turn of events, cash-strapped Islamic banks under the S Alam Group in Bangladesh have distributed dividends for 2023 to their …
How Malaysia’s Fintech Boom is Reshaping Southeast Asia
Malaysia’s fintech boom is not just a national trend—it’s a transformative force sweeping across Southeast Asia. As the country rapidly advances …
Ilhan Omar Wins Primary as ‘Squad’ Members Cori Bush and Jamaal Bowman Lose
WASHINGTON — Rep. Ilhan Omar, D-Minn., emerged victorious in her primary election on Tuesday, successfully defending her seat despite a turbulent …
Albaraka Turk Launches MTN Sukuk Program with a Cap of $1 Billion
In a significant development for the Islamic finance sector, Albaraka Turk, a trailblazer in Türkiye’s Islamic banking landscape, has announced …
Takaful Islami Holds 24th Annual General Meeting Virtually
Takaful Islami Insurance Ltd hosted its 24th Annual General Meeting (AGM) through an innovative virtual platform, starting at 11:00 am. This digital …
BML Showcases Islamic Housing Financing Solutions at Living Expo
The Bank of Maldives (BML) is making a significant impact at the ongoing Living Expo, held at Hulhumale Central Park. This vibrant event, which will …
SECP Develops Alternate Shariah-Compliant Structure for Short-Term Sukuk Issuance
Islamabad — The Securities and Exchange Commission of Pakistan (SECP) is making significant strides in developing the country’s financial markets by …
How Sharia-Compliant Banking and Digital Identity are Advancing in Kenya and Somalia
Africa’s financial and digital landscapes are experiencing a remarkable transformation, driven by the rapid adoption of digital banking and the …
How Blockchain Can Enhance Islamic Finance by Overcoming Barriers
Blockchain technology is making waves in the financial sector with its promise of transparency and immutability. These features align closely with the …
RAM Ratings Affirms A2/Stable/P1 Rating for Bank Muamalat
RAM Ratings has reaffirmed Bank Muamalat Malaysia Berhad’s (Bank Muamalat) financial institution ratings (FIRs) at A2/Stable/P1. Additionally, the …
PSX Set to Auction Rs. 100 Billion Sukuk on August 15
The Pakistan Stock Exchange (PSX) is preparing for a significant financial event with its 12th Sukuk Auction scheduled for August 15, 2024. This …
Indian Muslims Demand Immediate Withdrawal of Controversial Waqf Bill
New Delhi- A chorus of disapproval has emerged from leading Muslim organizations regarding the recently introduced Waqf (Amendment) Bill in the Lok …
Menara Syariah and INCEIF Collaborate on Sustainable Waqf and Climate Investments
On August 8, 2024, Menara Syariah and INCEIF University co-hosted a landmark symposium focused on advancing sustainable Waqf and addressing climate …
Qatar Awqaf Inaugurates New Sheikha Moza Bint Fahd Al Thani Mosque
The Ministry of Endowments (Awqaf) and Islamic Affairs has recently celebrated the opening of a new mosque in Umm Salal Mohammed, Qatar. This new …
Dr. Muneeza Appointed to Shariah Committee at Maldives Islamic Bank
In a notable development for the Islamic finance sector, Dr. Aishath Muneeza has been appointed to the Shariah Committee of the Maldives Islamic Bank …