UAE’s Islamic Coin Surges to 1.3M Users, Trailblazing Halal Crypto
Dubai: UAE’s Islamic Coin is a testament to the country’s rich heritage and commitment to promoting Islamic values. As the tempestuous …
Finance
Is Islamic Finance A Good Career Path?
In the world of finance, Islamic finance has emerged as a force to be reckoned with. It is a system of finance that adheres to the principles of …
Boubyan Bank Secures Top Spot as World’s Premier Islamic Retail Bank
Witness the remarkable ascent of Boubyan Bank as it secures the top spot and solidifies its position at the zenith of the financial industry, …
Dubai Islamic Bank Launches ‘alt’: A Game Changer for Digital Banking Experience
Dubai Islamic Bank, a pioneering institution in the realm of Islamic banking, is proud to announce the launch of ‘alt,’ a revolutionary …
Are Islamic Online Banks Winning the Deposit War?
Are Islamic online banks emerging as the victors in the realm of digital finance? In the ever-evolving landscape of the financial industry, Islamic …
AAOIFI and Pakistan Join Forces to Advance Shariah-Compliant Capital Market
The recent collaboration between AAOIFI and Pakistan has joined tremendous excitement and potential in the realm of Islamic finance, as AAOIFI and …
Saudi Real Estate Refinance Company Raises SAR3.5 Billion in Sukuk Issuance
The Saudi Real Estate Refinance Company (SRC), a subsidiary of the Public Investment Fund (PIF), has successfully finalized its latest Sukuk issuance …
Islamic Finance Demand Surging in Central Asia, Says Oleg Ganeev from Sberbank
Last year, Sberbank launched its inaugural partner financing office in Tatarstan. As one of Russia’s premier financial institutions, Sberbank …
Court Orders Pak Government To Abolish Interest By 2027
Federal Shariat Court (FSC) of Pakistan Issues Directive to Abolish Interest from Nation’s Financial System by 2027
Delve into the …
How Does the Zakat System Work in the Middle East?
Zakat, one of the Five Pillars of Islam, is a form of obligatory almsgiving that plays a crucial role in the economic and social life of Muslims. In …
Ishaq Dar Emphasizes Islamic Finance’s Role in Alleviating Poverty Challenges
Ishaq Dar, former finance minister of Pakistan, emphasized the role of Islamic finance in alleviating poverty challenges during a recent webinar. He …
Are Money Market Funds Halal in Islam?
Money market funds are a type of mutual fund that invests in short-term debt securities, such as commercial paper, treasury bills, and certificates of …
ADIB Becomes First UAE Bank to Offer Instant SME Account Opening
Abu Dhabi Islamic Bank (ADIB) has become the first bank in the UAE to offer small and medium-sized enterprises (SMEs) convenient remote account …
Ten Halal Ways to Improve & Increase Your Personal Savings Habits All Year Round
It will be simple to achieve excellent financial stability if you consistently set aside a specific percentage of your income every month. Whether …
Islamic Development Bank & Settlemint Collaborate for Blockchain Price Stability
Today, a profound revelation in the world of financial technology comes to the forefront. Settlemint, an enterprise blockchain developer with a solid …
The Importance of Budgeting in Islamic Personal Finance
Brief Overview of Islamic Personal Finance
Islamic personal finance is a unique approach to managing money that aligns with the principles of Islam. …
US Congress Members Urge PayPal to Lift Ban on Palestinian Businesses
While other financial service providers operate in the Palestinian territories, PayPal has singled out this region, offering its services only to …
Daraz Pakistan and Salaam Takaful Launch Islamic Insurance for Riders’ Belongings
Setting a new industry standard, Daraz Pakistan, the country’s premier e-commerce platform, and Salaam Takaful Limited, the foremost dedicated …
APAC’s Islamic Banks Surpassing Peers Amidst Challenges
S&P Global Ratings forecasts that Islamic banks in the Asia-Pacific region are set to exceed the growth of their conventional counterparts, even …
Dubai Emerges as the Foremost Global Hub for Islamic Finance
According to the Islamic Finance Development Indicator (IFDI) Report of 2022, the global Islamic finance industry, valued at an estimated $4 trillion, …
Oman Witnesses 10% Surge in Islamic Banking Assets
Situated in the heart of the Middle East, Oman’s Islamic banks and windows have seen impressive growth, reflecting the resilience and dynamic …
Islamic Bank Group and Halal Company Sign MoU
In a significant development in Jeddah, Kingdom of Saudi Arabia, the Halal Products Development Company (HPDC) and the Islamic Development Bank (IsDB) …
EDB Spearheads Islamic Finance Development in Central Asia
The Eurasian Development Bank (EDB) has expressed its intention to serve as a key contributor to the evolution of Islamic finance in Central Asia. …
Bangladesh Assumes Role as Executive Director at Islamic Development Bank
In a significant development, Bangladesh has been elected as an Executive Director on the Board of the Islamic Development Bank (IsDB). The …