Egyptian Exchange Collaborates with S&P to Introduce Sharia-Compliant Index
In a recent development, the Egyptian Exchange (EGX) is set to unveil an Islamic Sharia-compliant index, targeting a launch window between October and …
Finance
IsDB Aims to Elevate Islamic Finance Landscape in Mauritania
Nouakchott, Mauritania – A high-level delegation from the Islamic Development Bank Institute (IsDBI) recently held a series of meetings with the …
What is the Role of Islamic Fintech in Financial Inclusion and Ethical Innovation?
In today’s rapidly evolving financial landscape, the fusion of technology and finance—fintech—has emerged as a transformative force. Yet, amidst …
Hong Kong Seeks Arabic, Islamic Finance Experts To Lure Middle East Customers
Hong Kong is ambitiously positioning itself as a global hub for Islamic finance and Middle Eastern banking expertise, recognizing the growing demand …
Rising Halal Finance: Catering to Canada’s Growing Muslim Investors
About a decade and a half ago, when Ottawa-based IT specialist Imad Ansari wished to dive into the world of investment, he found the opportunities …
Hub71 and Wio Bank Partner to Boost Abu Dhabi’s Tech Startup Banking
ABU DHABI, UAE – In a groundbreaking alliance, Abu Dhabi’s dynamic tech incubator, Hub71, and Wio Bank PJSC, the UAE’s pioneering platform …
Indian-Held Kashmir Needs Islamic Microfinance To Alleviate Poverty
The people of the former state of Jammu and Kashmir are deeply connected to the traditional banking sector. However, this relationship has often …
Digitization Surges in North Africa’s Islamic Banks
Islamic finance, often referred to as Sharia-compliant finance, stands as a unique pillar in the global financial landscape. It underscores a critical …
Islamic Banking Pilot Approved by Russian Lawmakers
The Russian parliament has given the green light to a two-year pilot program that will introduce Islamic banking in four regions of the country, …
Understanding Islamic Coin: Sharia-Compliant Cryptocurrency Explained
Islamic Coin (ISLM), a digital currency designed in accordance with Sharia principles, is set to launch on September 1, 2023, with an ambitious …
Is It Halal To Work in A Conventional Bank?
I remember a close friend of mine, Sultan Ahmed, who faced a tough decision not too long ago. He had just landed a job offer at a well-known bank, …
ISR-Based Framework: A Leap for Islamic Banking in Bangladesh
Islamic banking has seen impressive growth over the last four decades, becoming a well-established component of the banking industry in Bangladesh. …
Saudi’s Almarai Stirs Gulf Debt Market with $750M Sukuk Sale
DUBAI—Saudi Arabia’s leading food and beverage enterprise, Almarai, has unveiled plans to secure $750 million through the issuance of 10-year …
Pakistan’s Summit Bank Rebrands Itself As Bank Makramah
Summit Bank Limited has announced a significant milestone in its ongoing evolution: the State Bank of Pakistan has given its official consent for a …
Pakistan’s Islamic Banking Aims for Riba-Free 2027
KARACHI — The increasing footprint of Islamic banking in Pakistan attests to a growing preference for Islamic principles among both individual …
Maybank Group Pioneers Global Islamic Banking with Hubs in Singapore and Dubai
SINGAPORE: Maybank Group, the Malaysian multinational banking and financial services corporation, unveiled a comprehensive strategic initiative, M25+, …
Ahli Islamic Extends 1% Hiba Benefit on New Qitaf Bank Deposits
Muscat: Dedicated to elevating its customers’ banking experience with enriching and rewarding financial solutions, ahli Islamic is extending its …
Qatar’s Islamic Finance Sector Surges with Record Growth in 2022
Doha, Qatar—Bait Al-Mashura Finance Consultations (BAM) has published its annual report on Islamic Finance in Qatar, providing a comprehensive …
Gulf Islamic Investments Expands Operations in Saudi Arabia
Dubai-based asset manager Gulf Islamic Investments (GII) has announced a major expansion of its operations in Saudi Arabia. The company has acquired a …
Dubai Islamic Bank Chooses IBM Consulting for Data Transformation
Dubai Islamic Bank (DIB) has made a strategic decision by partnering with IBM Consulting to accelerate its data transformation journey. This …
Indonesia Raises $400mln From Islamic Debt Auction
JAKARTA – The Indonesian government successfully raised 6 trillion rupiahs ($400.40 million) from an Islamic debt auction held on Tuesday, …
Qardus, An Ethical and Sharia-Compliant Financing Platform, Raises £318,837 via Seedrs
Qardus, an ethical and Sharia-compliant financing platform catering to social impact SMEs and investors, has successfully raised £318,837 through its …
Islamic Coin Secures Major Funding Boost From ABO Digital
Islamic Coin, the leading Shariah-compliant cryptocurrency, has once again made headlines by securing an impressive $200 million investment from ABO …
Uganda Passes Bill To Kickstart Islamic Banking
Uganda‘s journey towards embracing Islamic banking took a significant stride forward as the Income Tax Amendment Bill No.2 of 2023 was …