IDB Approves $345M for Egypt’s Eco-Friendly Train
Islamic Development Bank (IsDB) has approved $403 million worth of projects in member countries such as Egypt, Kyrgyzstan, and Tajikistan to bolster …
Finance
Turkish Bank To Help Islamic Finance Industry Grow in the Philippines
A Turkish bank is in talks with the Bangko Sentral ng Pilipinas (BSP) to help the bank establish Islamic banks and Islamic banking units (IBUs) in the …
Islamic Coin Allocates $40M for Shariah-Compliant Funding
Islamic Coin (ISLM), a Shariah-compliant financial ecosystem, has launched a grants and investment program with the support of $200 million from …
Doha Islamic Finance Conference Concludes with Key Insights
The Ninth Doha Islamic Finance Conference, wrapped up in Doha, State of Qatar, on March 14, 2023, under the title “Islamic Finance and …
Qatar Leads Fintech Innovation in the Region with Advanced Technology
The 9th Islamic Finance Conference, entitled ”Islamic Finance and Challenges of Web 3.0,” commenced at the Sheraton Hotel in Doha …
ADIB Appoints Ashley Veasey as New Group Chief Information Officer
Abu Dhabi Islamic Bank (ADIB) has announced the appointment of Ashley Veasey as its new Group Chief Information Officer. Veasey brings over 30 years …
QIB Crowned Most Innovative Bank in the Middle East
Qatar Islamic Bank (QIB) has been recognized as the ‘Most Innovative Bank in the Middle East, ‘Best Product Launch in the Middle …
CMA Hosts Workshop on Sharia Governance Standards for Banking Industry
The Capital Market Authority (CMA) recently partnered with the Islamic Financial Services Board (IFSB) to conduct a workshop on Sharia governance …
Abdullah Kamel From CIBAFI Emphasizes On Ethical Standards for Sustainable Finance
Abdullah Saleh Kamel, Chairman of the Board of Directors of the General Council for Islamic Banks and Financial Institutions (CIBAFI), emphasized the …
Are Cryptocurrencies Compatible With Islamic Finance Tenets?
Islamic finance, based on Islamic law principles known as Shariah, prohibits interest-based transactions, uncertainty in commerce, and gambling and …
Maybank Launches Malaysia’s First EV Financing Solution
Maybank Group, a Malaysian financial services provider, has launched the country’s first integrated automobile financing solution for electric …
ABG Promotes Islamic Economics at 43rd Al-Baraka Symposium in Madinah
Al-Baraka Group, a leading financial conglomerate specializing in Islamic banking and financial services, has recently publicized its strategic …
Nomo Launches Multi-Currency Accounts and Cards for Global Transactions
Nomo, the world’s first fully digital Sharia-compliant cross-border bank, has launched its new multi-currency accounts, allowing customers to hold, …
How Takaful Can Benefit Individuals and Businesses Alike
In recent years, there has been a growing interest in takaful, a form of Islamic insurance that operates under the principles of Islamic finance. …
Saturna Unveils Shariah-Compliant Investment Platform for Digital Investors
Saturna Sdn Bhd, a Shariah-compliant financial services company, today (9 March) officially launched its digital platform to help investors grow their …
Shariah Compliance in Takaful: Why It Matters and How It’s Achieved
Takaful is a type of Islamic insurance that adheres to Shariah principles. Unlike conventional insurance, Takaful is based on mutual assistance, where …
What Does Shariah-Compliance Mean in Islamic Banking Industry?
Islamic banking, also known as Shariah-compliant banking or halal finance/banking, is a system of banking and financial services that operates by …
Waqf-Based Qardhul Hassan Should Be Given An Opening
Waqf-based Qardhul Hassan is a financial instrument that provides interest-free loans to the needy, funded by waqf (endowment) funds. While it has the …
Exploring the Different Types of Takaful Products Available
Takaful is a term that refers to Islamic insurance and is an important aspect of Islamic finance. Takaful products are designed to help Muslims …
How Takaful Differs from Conventional Insurance
There has been a growing demand for Islamic finance products worldwide in recent years. Takaful, a type of Islamic insurance, is one such product that …
What Is Takaful? How Is It Different From Conventional Insurance?
Takaful is a type of Islamic insurance that operates based on the principles of cooperation, solidarity, and risk-sharing. It is designed to protect …
Why You Should Apply Minimalism to Personal Finance?
Minimalism is a lifestyle that emphasizes living with less and prioritizing what truly matters. It is often associated with simplicity, mindfulness, …
What Are the Top 5 Factors Driving Islamic Finance Growth?
Islamic finance is a financial system that operates by Islamic law, also known as Shariah. Islam prohibits charging or paying interest (riba) and …
Halal Investing Expected to Boom if Combined With ESG Standards
Islamic finance and halal investing have experienced significant growth in recent years, and there is a growing interest in combining these investment …