Tanzanian Firm Signs $4.23Bn Islamic Financing Deals in Zambia
Mayzuh, a Tanzanian Islamic finance firm, has signed agreements with five Zambian entities to facilitate projects worth $4.23 Bn. The agreements …
Finance
What Are the 5 Essentials to Halal Investing?
The world of investing can be complex and overwhelming, but for Muslims seeking to adhere to Islamic principles, it can seem even more challenging. …
Qatar’s Zakat Fund Gives QR33M to 660 Families in Ramadan
Doha: The Qatar’s Zakat Fund stands as a beacon of hope, compassion, and social welfare, dedicated to uplifting the lives of those in need. In …
Dutch Banks Accused of Discriminating Against Muslims
Dutch Muslims Face Increased Discrimination Due to Anti-Money Laundering Laws
Rabin Baldewsingh, the national coordinator against discrimination and …
ADIB’s 2022 SME Financing Hits Dhs1 Billion
Abu Dhabi Islamic Bank (ADIB), a premier Islamic financial institution, has proudly unveiled its second Environmental, Social, and Governance (ESG) …
IMF to Establish Islamic Finance Categories in SNA/BPM
The International Monetary Fund (IMF) plans to provide separate categories for Islamic finance in its next update to the System of National Accounts …
Al Rajhi Bank Secures $1bn Through Sustainable Islamic Bond Issuance
The senior unsecured US dollar-denominated sukuk carries a yield of 4.75% per annum, as reported in a Tadawul regulatory disclosure on Thursday. The …
Meezan Bank Surpasses $1.5 Billion in RDA Deposit Inflows
Karachi: Meezan Bank, Pakistan’s leading Islamic bank, has recently surpassed the milestone of $1.5 billion in deposit inflows under the Roshan …
Indonesia Enhances Islamic Finance Institutions to Strengthen Financial Literacy
Jakarta (ANTARA) – Indonesia’s Financial Services Authority (OJK) is committed to reinforcing Islamic financial institutions to support …
Saudi Electric Co. to Issue Dollar-Denominated Islamic Bonds
In a recent bourse filing, Saudi Electricity Company (SEC), which is 75% owned by Saudi Arabia’s sovereign Public Investment Fund, disclosed its …
IDB Approves $345M for Egypt’s Eco-Friendly Train
Islamic Development Bank (IsDB) has approved $403 million worth of projects in member countries such as Egypt, Kyrgyzstan, and Tajikistan to bolster …
Turkish Bank To Help Islamic Finance Industry Grow in the Philippines
A Turkish bank is in talks with the Bangko Sentral ng Pilipinas (BSP) to help the bank establish Islamic banks and Islamic banking units (IBUs) in the …
Islamic Coin Allocates $40M for Shariah-Compliant Funding
Islamic Coin (ISLM), a Shariah-compliant financial ecosystem, has launched a grants and investment program with the support of $200 million from …
Doha Islamic Finance Conference Concludes with Key Insights
The Ninth Doha Islamic Finance Conference, wrapped up in Doha, State of Qatar, on March 14, 2023, under the title “Islamic Finance and …
Qatar Leads Fintech Innovation in the Region with Advanced Technology
The 9th Islamic Finance Conference, entitled ”Islamic Finance and Challenges of Web 3.0,” commenced at the Sheraton Hotel in Doha …
ADIB Appoints Ashley Veasey as New Group Chief Information Officer
Abu Dhabi Islamic Bank (ADIB) has announced the appointment of Ashley Veasey as its new Group Chief Information Officer. Veasey brings over 30 years …
QIB Crowned Most Innovative Bank in the Middle East
Qatar Islamic Bank (QIB) has been recognized as the ‘Most Innovative Bank in the Middle East, ‘Best Product Launch in the Middle …
CMA Hosts Workshop on Sharia Governance Standards for Banking Industry
The Capital Market Authority (CMA) recently partnered with the Islamic Financial Services Board (IFSB) to conduct a workshop on Sharia governance …
Abdullah Kamel From CIBAFI Emphasizes On Ethical Standards for Sustainable Finance
Abdullah Saleh Kamel, Chairman of the Board of Directors of the General Council for Islamic Banks and Financial Institutions (CIBAFI), emphasized the …
Are Cryptocurrencies Compatible With Islamic Finance Tenets?
Islamic finance, based on Islamic law principles known as Shariah, prohibits interest-based transactions, uncertainty in commerce, and gambling and …
Maybank Launches Malaysia’s First EV Financing Solution
Maybank Group, a Malaysian financial services provider, has launched the country’s first integrated automobile financing solution for electric …
ABG Promotes Islamic Economics at 43rd Al-Baraka Symposium in Madinah
Al-Baraka Group, a leading financial conglomerate specializing in Islamic banking and financial services, has recently publicized its strategic …
Nomo Launches Multi-Currency Accounts and Cards for Global Transactions
Nomo, the world’s first fully digital Sharia-compliant cross-border bank, has launched its new multi-currency accounts, allowing customers to hold, …
How Takaful Can Benefit Individuals and Businesses Alike
In recent years, there has been a growing interest in takaful, a form of Islamic insurance that operates under the principles of Islamic finance. …