Nigeria’s First Sukuk Bond of N100 Billion Set to Mature in September 2024
Nigeria’s first Sukuk bond, valued at N100 billion and issued on September 26, 2017, is set to mature on September 26, 2024. This milestone …
Finance
Faysal Bank Projects Earnings to Double in Three Years
We are initiating coverage on Faysal Bank Limited (FABL) with a target price of PKR 100 per share. This valuation is based on a Price-to-Book (P/B) …
Moody’s Reaffirms IsDB’s ‘AAA’ Rating
The Islamic Development Bank (IsDB) has once again demonstrated its financial prowess, securing a “AAA” credit rating with a “Stable …
Pakistan’s CDNS Targets Rs 170 Billion for Islamic Finance in FY 2024–25
The Central Directorate of National Savings (CDNS) is aiming high for the 2024-2025 fiscal year with an ambitious investment target of Rs 170 billion …
Growing Demand and Key Challenges in Australia’s $2 Billion Islamic Finance Market
Australia’s Islamic finance sector, poised for significant growth, serves a vibrant and young Muslim community comprising 3.2% of the …
Samaiden Launches RM1.5b Sustainability Sukuk for Renewable Energy Growth
Kuala Lumpur. Samaiden Group Berhad has launched an impressive RM1.5 billion multi-currency Sustainability Sukuk Wakalah program to advance its …
Binghatti Sukuk Tap Achieves 420% Oversubscription
In a striking development in the finance sector, Dubai’s prominent real estate developer, Binghatti, has again made headlines with its recent …
UAE’s Debt Market Rises 11.8% to $281Bn in H1, 71.5% Dominated by US Dollars
The UAE’s debt market has demonstrated remarkable strength and expansion, growing by 11.8% to reach a substantial $281 billion in the first half …
Fitch Affirms ‘A’ Rating for Qatar International Islamic Bank with Stable Outlook
Fitch Ratings, a leading global credit rating agency, has recently reconfirmed the Long-Term Issuer Default Rating (IDR) of Qatar International …
PPZ-MAIWP’s ‘Jom Potong 2024’ Campaign Aims for RM90 Million Zakat via Salary Deductions
The Federal Territories Islamic Religious Council – Zakat Collection Centre (PPZ-MAIWP) has launched the “Jom Potong 2024” campaign …
Islamic Banks Constitute 21% of UAE’s Gross Domestic Credit in the UAE
KUALA LUMPUR: The UAE banking industry has shown remarkable growth in 2024, with Islamic banks playing a crucial role. The Central Bank of the UAE …
Sukuk Issuance Reaches $91.9 Billion in H1 2024, Reports S&P
In the dynamic arena of Islamic finance, the sukuk market is witnessing substantial growth, with S&P Global Ratings projecting a positive outlook …
Indonesian Vice President Amin Inaugurates Zakat National Conference
Jakarta is set to host the significant 10th Zakat National Conference at the Vice Presidential Palace, led by Vice President Ma’ruf Amin on …
Egypt Expands Takaful & Karama Cash Support to 73,000 More Families
Egypt is enhancing its commitment to social welfare through the expansion of the Takaful and Karama Cash Support Programme, a cornerstone of the …
Hasan.VC Hosts Halal Startup Showcase in Kuala Lumpur, Highlighting Ethical Innovation
HASAN.VC proudly hosted its Halal Startup Showcase at the Securities Commission Malaysia building in Kuala Lumpur on July 13, 2024. The event featured …
SAMA Regulations Enhance Transparency in Saudi Islamic Banking
The Saudi Central Bank (SAMA) has rolled out a series of regulations from 2020 to mid-2024 that have notably enhanced the transparency and Shariah …
PSX Appoints Meezan Bank as First Market Maker for GOP Ijarah Sukuk
The Pakistan Stock Exchange (PSX) has taken a major step forward by inducting Meezan Bank as the first market maker for the Government of Pakistan …
Al-Arafah Islami Bank Hosts ‘Business Development Conference’ to Foster Growth
Al-Arafah Islami Bank recently hosted its half-yearly “Business Development Conference 2024” at its head office in Dhaka. This event was a …
Muslims in Lagos Launch Ibile Zakat Initiative to Combat Poverty
In a significant effort to alleviate poverty among Muslims in Lagos State and across Nigeria, dedicated Muslim stakeholders have launched the Ibile …
BoK Inaugurates Women-Centric Islamic Banking Branch in Peshawar
PESHAWAR: The Bank of Khyber (BoK) has made a groundbreaking move by opening the first women-centric Islamic banking branch in Khyber Pakhtunkhwa. …
Takaful Islami Insurance Holds 3rd Investment Committee Meeting
On July 9, 2024, Takaful Islami Insurance Limited hosted its pivotal 3rd Investment Committee Meeting at the company’s main office in Dhanmondi, …
BIBF and IsDBI Offer Risk Management Training for Islamic Financial Institutions
The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) successfully concluded a pivotal virtual …
NBO Muzn Islamic Banking Ensures Financial Security with Bancatakaful Products
MUSCAT – NBO Muzn Islamic Banking, a division of the National Bank of Oman, is redefining financial protection with its suite of Bancatakaful …
AFFIN Bank & ACI Worldwide Transform Payment Solutions for Malaysian Businesses
AFFIN Bank has unveiled a strategic partnership with ACI Worldwide, a global leader in real-time payment software, to revolutionize its payment …