Crypto Is Haram, Says Top Indonesian Shariah Scholar
Cryptocurrencies don’t follow Sharia tenets and should not be used by Muslims, Indonesia’s National Religious Council said, challenging the future of …
Finance
Islamic Finance Industry Needs Rapid Digitization
State Bank of Pakistan Governor Dr Reza Baqir has said that the Islamic finance industry needs to speed up digitisation of its services and transform …
Bangladesh Policy Measures May Help Grow Islamic Finance
A recent policy push by the Bangladesh government to develop Islamic finance could, if sustained, spur the industry’s growth, says Fitch Ratings. We …
MicroLEAP to Finance Agri Sector Via MDEC’s Agtech Program
Shariah-compliant P2P (Peer-to-Peer) financing platform microLEAP has announced its collaboration with Bank Pembangunan Malaysia Berhad (BPMB) to …
Malaysian P2P Platform Appoints New Head of Islamic Products
Tasked with introducing Shariah-compliant products to the market, Rosalinda is expected to take Cofundr to a higher level of achievement in nurturing …
Expert Predicts Significant Rise in Global Islamic Finance Assets
According to Sanusi, the global Islamic financial market has witnessed rapid growth over the last decade.
“The global Islamic finance assets grew by …
Top British Financier Enters Bahrain to Target Islamic Tech Space
Stella Cox CBE, Islamic finance government lobbyist and head of DDCAP Group, has commended the “strong financial relationship” between Britain and the …
Higher Demand For Ethical Banking Spurs Growth in Islamic Finance
In recent years, we’ve seen growing consumer demand for banks to become more ethical in their practices. But this is by no means a new approach in the …
Nigeria To Issue $610 Million Sukuk To Improve Road Infrastructure
Nigeria will issue a sovereign Sukuk on its domestic market for up to 250 billion naira ($610 million) this year to finance infrastructure projects, …
Islamic Finance Offers Huge Potential for Qatar and Turkey Cooperation
Islamic finance offers huge opportunities for cooperation and growth for Qatar and Turkey, according to a senior official of the Finance Office of the …
Major Indonesian Islamic Organization Declares Crypto Haram
The East Java branch of one of Indonesia’s largest Islamic organizations Nahdlatul Ulama (NU) has issued a fatwa deeming the use of cryptocurrency …
FAIR Neobank Revolutionizing Ethical Banking in North America
FAIR Neobank: Disrupting the Landscape with Ethical & Halal Banking Solutions for the Underserved
The global battle for market share within the …
Pakistan to Issue Dollar Sukuk By Year-End
Pakistan plans to issue a dollar-denominated Sukuk of $1 billion within the next two months as it seeks new funding sources to shore up the country’s …
How Islamic Finance Can Reduce Poverty in Nigeria?
Poverty is one of the biggest threats to Nigeria’s social stability, but it can be reduced through the activities of Islamic Finance …
Can Cryptocurrencies Help Grow Islamic Finance Industry?
The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Islamic Corporation for the Development of the Private Sector (ICD) …
First Abu Dhabi Bank Earns Dh9.2b Net Profit for First 9 Months of 2021
The biggest bank In the UAE, Abu Dhabi’s FAB, recorded a sharp 26 percent Increase In nine-month net profits to an impressive Dh9.2 billion. …
What Is the State of the Islamic Fintech Industry in Malaysia?
In the recent release of the Capital Market Masterplan 3 by Securities Commission Malaysia (SC), it was highlighted that Malaysia continues to be a …
Malaysia’s Social Commerce Player Baloy Raises RM6.18 Million in Equity Crowdfunding Campaign
Baloy, an e-commerce platform made for grocery shopping with a unique Online-to-Offline (O2O)/Consumer-to-Market (C2M) business model, has raised more …
Dubai Islamic Bank Training A New Generation of Local Leaders
Dubai Islamic Bank (DIB), the UAE’s largest Islamic Bank, has made great strides in achieving its Emiratization agenda playing a key role in …
What Is Social Cryptocurrency & Why We Need It?
Money is at the heart of any financial system. It is the “joints” that link markets across space and time. As long as money performs its functions, …
Malaysia Fast Becoming A Leading Islamic Finance Hub
Malaysia is on the right track towards becoming a leading global Islamic finance hub with consistent initiatives to put the country on the map. Just …
What Is the Relationship Between Zakat and Islamic Fintech?
In today’s fast-paced world, technology has transformed almost every aspect of our lives. The finance industry, in particular, has witnessed the …
Islamic Finance As A Startup Requiring (Self) Disruption
Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the …
Ethical Investing: Cocoa Invest Blends Experience With Shariah Principles to Attract Investors
Ethical Investing: Cocoa Invest Blends Experience With Shariah Principles to Attract Investors
Lately, we have been witnessing a plethora of digital …