Islamic Banking in Egypt Hits EGP 701bn in March 2024
A recent report by the Egyptian Islamic Finance Association (EIFA) highlights the significant growth of Islamic banking within Egypt’s banking …
Finance
Which Country is Winning the Race to Become the Islamic Fintech Hub?
The competition to become the global hub for Islamic fintech is heating up, with Malaysia, Saudi Arabia, the United Arab Emirates (UAE), and Indonesia …
BankDhofar Empowers Women with Dedicated Ladies Banking
BankDhofar, a leading financial institution in the Sultanate of Oman, reaffirms its dedication to financial inclusion and women’s empowerment …
Eid al-Adha Initiative: Awqaf SA and Diyanet Support Kimberley NGOs
In a remarkable effort to alleviate hunger and support local NGOs, the non-governmental organization Awqaf SA, in collaboration with Türkiye’s …
Sharjah Islamic Bank – Credit Ratings Affirmed
In a notable update, Capital Intelligence Ratings (CI Ratings) has reaffirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign …
Grow Your Wealth the Halal Way with Islamic Mutual Funds
Practicing Muslims frequently encounter challenges when trying to invest their lifelong savings due to the necessity for Sharia-compliant options. The …
SBP Directs IBI To Adopt New AAOIFI Shariah Standards
Karachi: The State Bank of Pakistan (SBP) has issued a directive for the adoption of two crucial Accounting and Auditing Organization for Islamic …
AEON Bank’s Islamic Digital Bank Expected to Break Even in Five Years
KUALA LUMPUR— Aeon Bank (M) Bhd is making waves in the digital banking sector with its new Islamic digital bank, which is expected to break break-even …
How Islamic Banks Thrive Without Charging Interest—Winning Over Non-Muslim Customers
Conventional finance, with its reliance on loans, mortgages, and interest payments, is essential for modern business operations. However, in the …
7 Must-Buy Debt-Free Halal Stocks Right Now
Investing in Halal stocks has become increasingly popular among Muslim investors who wish to align their financial decisions with Islamic principles. …
Halal Investing in Canada: Your Complete Guide
Investing according to Islamic principles, or Halal investing, is becoming increasingly significant for Muslims in Canada. With over one million …
Kazakhstan Set to Develop Halal Market
From June 4 to 12, over 100 certification and accreditation specialists from Kazakhstan attended a comprehensive training seminar on Halal standards …
Has the De-Dollarization Process Already Started?
In recent years, the global financial landscape has undergone significant shifts, prompting the crucial question: “Has the De-Dollarization …
Who is Ineligible to Receive Zakat?
Zakat, one of the Five Pillars of Islam, is a form of almsgiving and religious obligation for Muslims. It involves giving a portion of one’s …
ADIB Reaches 1 Million Users on Its Mobile Banking App
Abu Dhabi Islamic Bank (ADIB), a prominent Islamic financial institution, has recently celebrated a significant digital milestone: surpassing one …
How Does Zakat Cleanse Your Wealth?
In the tapestry of life, wealth often occupies a central square. Yet, amid the hustle to accumulate, the essence of purification through giving, …
Datuk Mohammad Faiz Azmi Appointed Executive Chairman of SC Malaysia
The Ministry of Finance (MOF) has announced the appointment of Datuk Mohammad Faiz Azmi as the new Executive Chairman of the Securities Commission …
Bangladesh Hosts Shariah Audit Training for Islamic Banks
The five-day training course on “Shariah Audit of Islamic Banking Operations,” jointly organized by the Central Shariah Board for Islamic Banks of …
How to Pay Zakat in the Age of Inflation?
Paying zakat is a fundamental pillar of Islam, essential for purifying wealth and providing support to those in need. However, with the rising cost of …
CBB’s Sukuk Al-Ijara Oversubscribed by 323%
MANAMA, (BNA): The Central Bank of Bahrain (CBB) has announced a remarkable achievement: the latest issuance of its short-term Islamic leasing bonds, …
CSBIB and BIBM Host Seminar on Islamic Banking in Dhaka
The Central Shariah Board for Islamic Banks of Bangladesh (CSBIB) and the Bangladesh Institute of Bank Management (BIBM) jointly organized a national …
Qatar’s Islamic Finance Assets Reach QR656bn in 2023, Reports Bait Al Mashura
Islamic finance assets in Qatar experienced significant growth in 2023, rising by 3.3% year-on-year to reach QR656 billion, according to a recent …
Why Japan Struggles to Develop a Home-Grown Islamic Finance Industry
Islamic finance, governed by Sharia (Islamic law), prohibits interest (riba) and promotes risk-sharing, asset-backed financing, and ethical …
When Should I Pay Zakat – Zakat Due Date?
Zakat, one of the Five Pillars of Islam, is a form of almsgiving and religious tax that requires Muslims to give a portion of their wealth to those in …