Australia’s Hejaz Becomes First Islamic Finance Provider on HUB24
As of Wednesday, Hejaz Financial Services’ Global Ethical Fund is available on HUB24, becoming the first-ever Islamic superannuation product to be …
Finance
NayaPay Secures $13m Seed Funding for its Messaging and Payment App
Pakistan-based fintech platform NayaPay has raised $13 million in a seed round to roll out its multi-service messaging and payment app, and to build …
Why Should Islamic Finance Institutions Give Priority to Women?
Financial inclusion, wealth creation, increased economic activities, and financial stability for households are part of the benefits derived from …
4 Books to Help You Market Halal Products
The Halal industry has become a new economic sector as more companies are offering more inclusive options. There are now 8 million Halal consumers in …
Egypt Names 6 Banks For First $2bn Sukuk Issuance
Egypt has named six international banks to manage the sale of its first sovereign Sukuk worth $2 billion to meet its financing needs. Bloomberg …
With Mission To Halal Investing and Shopping IMAN Raises S1M Seed Funding
An Islamic FinTech start-up IMAN closes $1 million in seed funding to introduce a new financial product that is Shariah-compliant. The new platform …
What is the Future of Digital Banking in UAE?
UAE is at the forefront of the digitalization of the banking industry in the region. And, it may continue to lead the digital banking revolution in …
Kuwait Finance House Net Profit Surges 64% to $803M
Kuwait Finance House (KFH), one of the world’s leading Islamic financial institutions, has reported a net profit of KD243.4 million ($803.5 …
Bank Nizwa Initiative Backs Tourism in Oman
MUSCAT – Bank Nizwa, a leading Islamic bank in Oman, recently hosted a creative two-day event titled ‘What is happening in Nizwa’ as part of its …
Quilter Cheviot Unveils Shariah-Compliant Investment Service
Quilter Cheviot has launched a Shariah-compliant discretionary investment service which will be managed by a team in the firm’s Jersey office.
The …
What Is the State of the Indonesian Cryptocurrency Market?
Indonesia is the largest Muslim country in terms of population. More than 6.5 million Indonesians actively buy and sell cryptocurrencies. The …
CoinMENA – The Most Popular Sharia-Compliant and Halal-Investing Cryptocurrency Exchange
A Sharia-compliant product is structured under sharia rules, essentially, products with an extra layer of Islamic rules are integrated into the …
Is This the End of Cryptocurrency As We Know It?
Starting in 2008, cryptocurrency has now become a pretty big asset class for many people around the world. By the fall of 2021, its value had exceeded …
Cofundr Launches ‘KITACOVER’ Campaign To Assist Malaysian SMEs
Crowd Sense Sdn Bhd (CSSB), a peer-to-peer (P2P) operator licensed by the Securities Commission Malaysia operating under the Cofundr platform today …
Global Islamic Funds Market Reaching US$ 200 Billion – CIBAFI Report
The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions has released today a …
What Are Halal Investing Rules?
What are Halal investing rules? What makes an investment Halal? Is investing in shares Halal? Is forex trading Halal? What are the options available …
Egypt, ITFC Discuss Aspects of Cooperation in 2022
Hala El-Said, the Minister of Planning and Economic Development and Governor of Egypt at the Islamic Development Bank Group (IsDB), has met with Hani …
Is Cryptocurrency Halal?
Can Muslims invest in cryptocurrency? What are Halal cryptocurrencies? What do Islamic scholars say about these newly-invented digital asset classes …
Takaful Ikhlas To Offer Products and Services To Tan Chong’s Customers
MNRB Holdings Bhd’s wholly-owned Takaful Ikhlas General Bhd has entered into a strategic partnership with Tan Chong Motor Holdings Bhd to …
UAE’s First Digital Bank Starts Advertising on Billboards
The fastest and most secure banking service provided by UAE’s first digital bank Al Maryah Community Bank lights up Dubai’s OOH scene for …
What is the Likely Impact of LIBOR’s Demise on the Islamic Banking Industry?
The New York Times reported on 12 January the demise of LIBOR. It was 52. For the last five decades, it had served as the de facto interest rate …
How Should We Market Islamic Banking To Non-Muslims?
Islamic banking, a rapidly expanding sector, is founded on principles of fairness, transparency, and ethical investing. Despite its impressive growth, …
How Can Islamic Banks Survive in the Age of Fintech?
The other day I was talking to a high-ranking professional working for a top UAE bank about the challenges Islamic banks have been facing due to the …
IsDB Injects $252.5M Into Pak Energy Sector
The Islamic Development Bank (IsDB), has approved $252.5m for financing two vital projects in Pakistan. The projects aim to support the country’s …