Qatari Awqaf Ministry Completes 1st Summer Course at Al Noor Learning Center
Doha, Qatar — The Department of Da’wah and Religious Guidance at the Ministry of Awqaf and Islamic Affairs has proudly concluded its inaugural summer …
Finance
How to Get a Small Business Loan the Halal Way
Imagine this: You have a groundbreaking business idea and a well-thought-out plan poised for success. However, you’re encountering a common …
Saudi Minister Chairs Islamic World Conference on Endowments
On August 3, 2024, Makkah, the spiritual heart of Saudi Arabia, hosted the 14th executive council meeting of the Conference of Endowments and Islamic …
BIBDS Launches Shariah-Compliant REIT Fund
BIBD Securities Sdn Bhd (BIBDS), a wholly-owned subsidiary of Bank Islam Brunei Darussalam (BIBD), has made waves in the financial sector with the …
Qatar Islamic Fintech Market Projected to Reach $4 Billion by 2027
Qatar Islamic Fintech market is on a robust growth trajectory, with projections indicating it will expand to a remarkable $4 billion by 2027. This …
5 Surprising Challenges Islamic Banking in Bangladesh Will Face in the Next Decade
Islamic banking has established itself as a significant player in Bangladesh’s financial landscape, contributing to the country’s economic …
Saudi Arabia to Boost Investments in Egypt
In a landmark development for regional economic cooperation, Saudi Arabia has unveiled a comprehensive plan to significantly boost its investments in …
SBP Injects Rs 9.57 Trillion into Pakistan’s Conventional and Islamic Banking Systems
On Friday, the State Bank of Pakistan (SBP) executed a monumental financial maneuver, injecting an astonishing Rs 9.57 trillion into the banking …
Kuwaiti Lenders Boubyan and Gulf Bank Consider Merger to Form Islamic Bank
In a significant move for the Kuwaiti financial sector, Boubyan Bank and Gulf Bank have announced plans to merge, forming a new banking entity that …
ZLK and Dubai Islamic Bank Partner to Expand Shariah Investments
In a landmark development for the Islamic finance sector, ZLK Islamic Financial Services, one of Pakistan’s leading Shariah-compliant brokerage …
ESG Sukuk Issuance in the GCC Reaches $18.5 Billion by Mid-2024
The realm of sustainable finance has seen remarkable growth in recent years, with Environmental, Social, and Governance (ESG) sukuk emerging as a …
Al Rajhi Takaful Reappoints Abdullah Al Rajhi as Chairman, Saud Al Rajhi as Vice Chairman
In a recent development that has captured the attention of the insurance industry, Al Rajhi Takaful, officially known as Al Rajhi Company for …
ITFC and Tajikistan’s Ministry Launch Islamic Trade Finance Workshops
The International Islamic Trade Finance Corporation (ITFC), a key entity within the Islamic Development Bank (IsDB) Group, has recently made strides …
Uzbekistan Approves Islamic Finance Services for Microfinance Institutions
August 2024 – In a significant move for the financial sector, Uzbekistan has officially approved the introduction of Islamic finance services within …
Securities Commission Malaysia Launches 2nd Shariah Mentorship Program for ICM Talent
The Securities Commission Malaysia (SC) has officially launched the second cohort of its Shariah Mentorship Programme, marking a pivotal moment in its …
Qatar Islamic Bank, Qatar Airways Add New Features to Co-Branded Cards
Doha—In an exciting development for travelers and credit card enthusiasts alike, Qatar Islamic Bank (QIB) and Qatar Airways Privilege Club have …
IFIC Bank Launches ‘IFIC Islamic’: Innovative Solutions for Shariah-Compliant Banking
IFIC Bank PLC has proudly unveiled ‘IFIC Islamic’, its new comprehensive suite of Shariah-compliant financial services. This major …
Moody’s Reaffirms QIIB’s A2/Prime-1 Rating with Stable Outlook
Doha: In a significant development for Qatar’s financial sector, Moody’s Investors Service has reaffirmed Qatar Islamic International Bank’s …
Bank Nizwa Highlights Waqf Significance and Hosts Workshop on Endowments
Muscat: Bank Nizwa, the leading Islamic bank in Oman, has taken a significant step towards enhancing the understanding and implementation of Waqf …
Makkah Hosts 9th Conference of Muslim World Awqaf and Islamic Affairs Ministers
Riyadh Makkah is set to host the 9th Conference of Ministers of Awqaf and Islamic Affairs on August 3, 2024, under the distinguished patronage of the …
Fauziah Hisham Becomes Etiqa’s First Female Chairperson
In a groundbreaking development, Etiqa Group has appointed Fauziah Hisham as its new chairperson, effective July 1, 2024. This historic appointment …
Funding Societies Allocates $64.22M in Islamic Financing to Malaysian MSMEs
Funding Societies, a leading Singapore-based digital finance platform, has reached a significant milestone by disbursing MYR 300 million ($64.22 …
DIBPL and ZLK Islamic Financial Services Partner to Boost Shariah-Compliant Financial Access
In a strategic initiative to broaden Shariah-compliant financial access, Dubai Islamic Bank Pakistan Limited (DIBPL), a subsidiary of Dubai Islamic …
Maybank Leads RM4B Sukuk for Sarawak Petchem Plant
Maybank has announced its significant role in financing and providing hedging facilities for Sarawak Petchem’s first methanol production plant, …