Bank Islam Appoints Azdini Nor Azman As CEO of BIMB Investment
Bank Islam and the Halal Development Corporation (HDC) have taken a major step to boost Malaysia’s halal industry by launching a substantial …
Finance
Egypt’s Islamic Finance Skyrockets to $19.38B in First Half of 2023
In a display of unwavering financial progress, Islamic finance in Egypt has reported an impressive surge in the first half of 2023. With the figure …
CAIZcoin Breaks Ground in the Global Islamic Crypto Landscape
Europe’s CAIZcoin, deeply rooted in Islamic financial principles, stands at the threshold of its long-awaited worldwide premiere. As over 30 …
ADIB Experiences Remarkable Rise in Digital Banking Adoption
Amid a global banking revolution, Abu Dhabi Islamic Bank (ADIB) stands tall with marked growth in digital banking, reflecting the global shift towards …
Kazakhstan’s ITS Exchange Lures Islamic Investors With Shariah Index
ITS, the newly inaugurated international trading platform in Kazakhstan, has taken bold strides since its launch in early June. Aimed at enticing …
Islamic Social Exchange Shaping the Future of ICM in Malaysia
KUALA LUMPUR – Datuk Seri Awang Adek Hussin, Chairman of Securities Commission Malaysia, underscored the critical role of introducing an Islamic …
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 …
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 …
Hong Kong’s Chief Executive Announces Plans for Enhancing Islamic Finance Accessibility
In an ambitious drive to broaden the reach of Hong Kong’s financial markets, Chief Executive John Lee outlined plans on Wednesday to create a …
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 …