How to Digitize Islamic Banking in Pakistan
As the Fourth Industrial Revolution unfurls, bringing about groundbreaking advancements in artificial intelligence and technology, the broad …
Finance
Qatar’s Islamic Finance Sector Surges with Record Growth in 2022
Doha, Qatar—Bait Al-Mashura Finance Consultations (BAM) has published its annual report on Islamic Finance in Qatar, providing a comprehensive …
Gulf Islamic Investments Expands Operations in Saudi Arabia
Dubai-based asset manager Gulf Islamic Investments (GII) has announced a major expansion of its operations in Saudi Arabia. The company has acquired a …
Dubai Islamic Bank Chooses IBM Consulting for Data Transformation
Dubai Islamic Bank (DIB) has made a strategic decision by partnering with IBM Consulting to accelerate its data transformation journey. This …
Indonesia Raises $400mln From Islamic Debt Auction
JAKARTA – The Indonesian government successfully raised 6 trillion rupiahs ($400.40 million) from an Islamic debt auction held on Tuesday, …
Qardus, An Ethical and Sharia-Compliant Financing Platform, Raises £318,837 via Seedrs
Qardus, an ethical and Sharia-compliant financing platform catering to social impact SMEs and investors, has successfully raised £318,837 through its …
Islamic Coin Secures Major Funding Boost From ABO Digital
Islamic Coin, the leading Shariah-compliant cryptocurrency, has once again made headlines by securing an impressive $200 million investment from ABO …
Uganda Passes Bill To Kickstart Islamic Banking
Uganda‘s journey towards embracing Islamic banking took a significant stride forward as the Income Tax Amendment Bill No.2 of 2023 was …
Hong Leong Islamic Bank Supports PIHEC 2023 Halal Expansion
Hong Leong Islamic Bank (“HLISB” or “The Bank”) participated in the Penang International Halal Expo & Conference 2023 …
RHB Introduces Shariah-Compliant Sustainable Tech Fund
Welcome to the world of technology-driven investments that align with your Islamic values—the Shariah-Compliant Tech Fund. RHB Banking Group’s …
Australia’s First Islamic Bank Gains $10M Hejaz Group Investment
Islamic Bank Australia, the nation’s inaugural Islamic bank, has secured a strategic partnership and $10m investment from Hejaz Group, a leading …
More UK Muslims Turn to Zakat Amid Living Cost Surge
Welcome to More UK Muslims, a vibrant community dedicated to empowering and connecting Muslims across the United Kingdom. As the United …
Egypt’s Agel Secures Pre-Seed Funding for Its Shariah-Compliant Fintech Platform
In a significant move for Islamic fintech, Egyptian startup Agel has secured a substantial seven-figure pre-seed funding round. The influx of funds …
Al Salam Bank Amplifies Algerian Footprint with Stake Increase in ASBA
Al Salam Bank, the Bahrain-based Islamic bank, has announced the acquisition of a majority stake in Al Salam Bank Algeria (ASBA), thereby increasing …
Singapore to Emerge as International Hub for Offshore Islamic Wealth by 2028
Welcome to the International Hub for Offshore Islamic Wealth, where individuals and businesses find a gateway to exceptional opportunities in …
Islamic Coin Revolutionizing Finance with Sharia-Compliant Crypto
Enter the fascinating world of Sharia-Compliant Crypto, where cutting-edge blockchain technology converges with the principles of Islamic finance, …
Funding Societies Launches Shariah-Compliant Investment Note in Malaysia
Experience the power of Shariah-compliant investment notes, a unique financial instrument that combines ethical principles with lucrative investment …
UK Retains Crown as Western Islamic Finance Hub Despite Local Niche
Fitch Ratings highlights the significant role of London in Islamic finance while observing its domestic limitations.
London Stock Exchange: Western …
UAE Islamic Banks Report 7.3% Asset Increase in Q1 2023
In a report that paints a vibrant picture of a financial sector on an upward trajectory, the Central Bank of the UAE (CBUAE) has disclosed that the …
Kazakhstan Undergoes Islamic Finance Assessment Led by IsDB Institute
The Islamic Development Bank Institute (IsDBI) has initiated a comprehensive Islamic Finance Country Assessment for Kazakhstan using its specially …
Most Islamic Finance Markets Remain Untested for Sukuk Recovery
Fitch Ratings-Dubai reports that the majority of the Organisation of Islamic Cooperation (OIC) countries, as per Fitch Ratings’ updated …
Dafinah Hilmi Takes the Helm as Hong Leong Islamic Bank’s New CEO
KUALA LUMPUR – Hong Leong Islamic Bank Berhad (HLISB) has announced the appointment of Dafinah Ahmed Hilmi as its new Chief Executive Officer, …
Sukuk Issuance: A Key Growth Catalyst for the Islamic Finance Sector
Welcome to the world of Islamic Finance Growth where the principles of Sharia-compliant finance intersect with the dynamic forces shaping the …
Why is Islamic Financial Literacy Important For You & Me?
The Concept of Islamic Finance
Financial literacy in the context of Islamic finance, often referred to as Islamic financial literacy, is the ability …