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 …
Finance
World’s First Zakat Index Launched by Bursa and Pribumi in Malaysia
KUALA LUMPUR: In a pioneering initiative, Bursa Malaysia and Persatuan Remisier Bumiputera Malaysia (Pribumi) have launched the Pribumi Bursa Malaysia …
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 …
Offa Launches Modern, Paperless Buy-To-Let Finance, Revolutionizing Islamic Fintech
Offa, the UK’s pioneering Sharia-compliant bridge finance fintech, has introduced a groundbreaking buy-to-let (BTL) finance service. This …
Sharjah Islamic Bank Lists $500 Million Sukuk on Nasdaq Dubai
Nasdaq Dubai has proudly announced the listing of a $500 million Sukuk by Sharjah Islamic Bank (SIB), marking a significant milestone in the …
Muhammad Taqi Usmani Advocates for Innovative Sukuk Strategies
Sukuk’s transformative potential goes far beyond simply bridging budgetary deficits; it serves as a vital tool for funding development projects. …
Top 4 Sharia-Compliant Investment Platforms for Ethical Investing in the UK
Sharia-based investing aligns financial activities with Islamic ethical and moral principles, making it a crucial choice for Muslim investors. …
IILM Reissues $940 Million in Short-Term Sukuk Across 3 Series
KUALA LUMPUR — In a significant move reflecting the strong demand and growing investor confidence in Islamic financial instruments, the International …
Azimut Egypt Debuts “Azinvest” Following Fintech License Approval
Azimut Egypt has revolutionized the asset management industry with the launch of its fully digital investment platform, “Azinvest.” This …
FABMISR Egypt Establishes Sharia Supervisory Committee for Islamic Banking
FABMISR, one of Egypt’s leading banks, has announced the formation of a new Internal Sharia Supervisory Committee (ISSC) to oversee and regulate its …
Qatar’s Awqaf Ministry Launches Inaugural Al Raqim Arabic Calligraphy Competition
Qatar has enriched its cultural heritage by introducing the first-ever Qatar International Arabic Calligraphy Competition, Al Raqim. This …
Are Stocks Haram or Halal in Islam?
For centuries, stock trading has been a cornerstone of global financial markets, offering significant long-term investment gains. However, many Muslim …