Albaraka Turk Launches MTN Sukuk Program with a Cap of $1 Billion
In a significant development for the Islamic finance sector, Albaraka Turk, a trailblazer in Türkiye’s Islamic banking landscape, has announced …
Finance
Takaful Islami Holds 24th Annual General Meeting Virtually
Takaful Islami Insurance Ltd hosted its 24th Annual General Meeting (AGM) through an innovative virtual platform, starting at 11:00 am. This digital …
BML Showcases Islamic Housing Financing Solutions at Living Expo
The Bank of Maldives (BML) is making a significant impact at the ongoing Living Expo, held at Hulhumale Central Park. This vibrant event, which will …
SECP Develops Alternate Shariah-Compliant Structure for Short-Term Sukuk Issuance
Islamabad — The Securities and Exchange Commission of Pakistan (SECP) is making significant strides in developing the country’s financial markets by …
How Sharia-Compliant Banking and Digital Identity are Advancing in Kenya and Somalia
Africa’s financial and digital landscapes are experiencing a remarkable transformation, driven by the rapid adoption of digital banking and the …
How Blockchain Can Enhance Islamic Finance by Overcoming Barriers
Blockchain technology is making waves in the financial sector with its promise of transparency and immutability. These features align closely with the …
RAM Ratings Affirms A2/Stable/P1 Rating for Bank Muamalat
RAM Ratings has reaffirmed Bank Muamalat Malaysia Berhad’s (Bank Muamalat) financial institution ratings (FIRs) at A2/Stable/P1. Additionally, the …
Amana Takaful Mobile App Wins Insurance Asia Award
Amana Takaful Insurance, a prominent player in Sri Lanka’s insurance landscape, has achieved a remarkable milestone by being awarded the …
PSX Set to Auction Rs. 100 Billion Sukuk on August 15
The Pakistan Stock Exchange (PSX) is preparing for a significant financial event with its 12th Sukuk Auction scheduled for August 15, 2024. This …
Indian Muslims Demand Immediate Withdrawal of Controversial Waqf Bill
New Delhi- A chorus of disapproval has emerged from leading Muslim organizations regarding the recently introduced Waqf (Amendment) Bill in the Lok …
Menara Syariah and INCEIF Collaborate on Sustainable Waqf and Climate Investments
On August 8, 2024, Menara Syariah and INCEIF University co-hosted a landmark symposium focused on advancing sustainable Waqf and addressing climate …
Qatar Awqaf Inaugurates New Sheikha Moza Bint Fahd Al Thani Mosque
The Ministry of Endowments (Awqaf) and Islamic Affairs has recently celebrated the opening of a new mosque in Umm Salal Mohammed, Qatar. This new …
Dr. Muneeza Appointed to Shariah Committee at Maldives Islamic Bank
In a notable development for the Islamic finance sector, Dr. Aishath Muneeza has been appointed to the Shariah Committee of the Maldives Islamic Bank …
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 …
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 …