Malaysia Dominates the Global Islamic Finance Sector
Malaysia continues to shine as a top jurisdiction for Islamic finance, according to Fitch Ratings. This prominence is driven by a robust regulatory …
Finance
S&P Upgrades Kapitalbank to B+ Amid Digital Growth and Market Leadership
Kapitalbank, Uzbekistan’s largest private lender, has announced an upgrade in its long-term credit rating by S&P Global Ratings to B+ with a …
How Islamic Derivatives Are Transforming Risk Management in Muslim-Majority Countries
The demand for Sharia-compliant risk management tools, specifically Islamic derivatives, is experiencing significant growth in numerous …
Affin Bank to Launch Islamic Digital Asset Fund
KUALA LUMPUR: Affin Bank Bhd is making headlines with its plan to distribute the Islamic version of the newly launched Cross Light Capital Performa …
Oman’s EDO Sells Second Dollar Sukuk
State-owned Energy Development Oman (EDO) has successfully issued its second dollar sukuk, raising an impressive $750 million. This sukuk issuance was …
BIBD and Lion Global Unveil Singapore’s First Islamic Liquidity Fund
Lion Global Investors (LGI) of Singapore and BIBD Securities of Brunei Darussalam have teamed up to launch the Lion-BIBDS Islamic Enhanced Liquidity …
Pioneering Ethical Property Finance: An Interview with Ikhlas Finance Australia (IFA)
In an insightful and exclusive interview, Dr. Mohammad Moniruzzaman, the CEO of Ikhlas Finance Australia (IFA), delves into their pioneering vision, …
Islami Bank Surpasses Sonali Bank as Largest Lender by Deposits
Islami Bank Bangladesh PLC has reached a remarkable milestone by becoming the largest lender in the country by total deposits, overtaking Sonali Bank …
Abu Dhabi Islamic Bank Partners with Silent Eight for Compliance Automation
Abu Dhabi Islamic Bank (ADIB), a leader in the Islamic finance industry, has embarked on a transformative journey by partnering with Silent Eight, a …
Dubai Takaful Emarat Announces Dh185 Million Capital Increase
Takaful Emarat Insurance Company, a key player in the UAE’s insurance market, recently announced a significant capital increase of AED 185 …
PACRA Upgrades MCB Islamic Bank’s Long-Term Rating to A+
In a major milestone for MCB Islamic Bank, the Pakistan Credit Rating Agency Limited (PACRA) has elevated the bank’s long-term entity rating …
NDMC Concludes June Sukuk Issuance at SAR 4.4 Billion
The National Debt Management Center (NDMC) announced on June 25 the successful closure of its June 2024 issuance under the Saudi Arabian Government …
Egypt’s Islamic Banking Transactions Hit $14.5 Billion in March 2024
By the end of March 2024, Egypt’s Islamic banking sector reached a significant milestone, with transactions valued at EGP 701 billion ($14.51 …
Fitch Assigns ‘BBB’ Rating to Indonesia’s Proposed USD Sukuk
In a significant update, Fitch Ratings has assigned a ‘BBB’ rating to Indonesia’s proposed USD Sukuk, issued through Perusahaan …
Gulf Bank Reaffirms Commitment in Regional Capital Markets at 2024 Middle East Bonds & Sukuk Conference
Gulf Bank has made a significant move to strengthen its influence in regional capital markets by participating in the prestigious Middle East Bonds, …
Oman Energy Development Announces 7-Year Sukuk Offering
State-owned Energy Development Oman (EDO) is gearing up for a major financial initiative with the launch of a U.S. dollar-denominated 7-year sukuk …
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 …
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 …