What Is Takaful and How Is It Different From Conventional Insurance?
In recent years, Takaful has gained prominence as an alternative to conventional insurance, particularly in regions with significant Muslim …
Finance
Coverlo Becomes Pakistan’s First Online Islamic Insurance
Pakistan has been somewhat slow to adopt Islamic fintech. However, it seems to be changing at least in the emerging field of Islamic insurance or …
CaizCoin, A Blockchain Platform Following Ethics and Morals of Islamic Finance
In the dynamic world of finance, the term “CaizCoin” resonates as an emblem of ethical investment. Drawing inspiration from the Arabic …
Should You Align Your Investments To A Greater Purpose?
Just imagine you have some extra cash available at your disposal. What would you like to do with it? Perhaps, invest somewhere to make some money out …
Kuwaiti Bank AUBK Issues $600M Mudaraba Sukuk
KUWAIT: Ahli United Bank of Kuwait (AUBK) announced its pride of the great success achieved by its issue of Unconvertible Mudaraba Sukuk Additional …
Islamic Finance Industry Remains Resilient Amidst Pandemic
Dubai: Islamic Finance and Wealth Management industry has remained resilient amidst the pandemic according to a study by Alpen Capital (ME) Limited …
How To Buy Your Home In A Shariah-Compliant Way?
“What is an Islamic mortgage?” — it’s a common question that many Muslims ask us. The short answer is that what some call an Islamic mortgage isn’t a …
New Digital Banking Platform Offers Halal Certified Banking in US
A new digital banking platform has started offering the first halal-certified banking experience in the U.S., by promising interest-free …
How To Integrate Islamic Finance With ESG Goals?
The Islamic finance industry is expanding rapidly. The industry witnessed double-digit growth of 14 percent with a total of US$2.88 trillion in assets …
Islamic Fintech Wahed Hires Industry Veteran to Run UK Operations
Islamic Fintech Wahed Inc has hired a finance industry veteran to run its UK-based operations.
The company appointed Umer Suleman, an ex-HSBC …
Islamic Finance Can Be A Panacea For The Post-Pandemic World Economy
In the wake of COVID-19’s unprecedented global economic turmoil, Islamic finance emerges not just as a participant but as a pillar of stability …
Pakistan Issues Sukuk To Meet Budgetary Shortfall
Pakistan has approved the issuance of Sukuk and leases to meets its budgetary shortfall and promote the Islamic banking system in the country. The …
Al Baraka Islamic Bank Receives Awards for Its Credit Card Design
Al Baraka Islamic Bank has been awarded Best Credit Card Design from MasterCard as well as Best Innovative Card Design by the Global Economics …
Indonesia’s ‘Born-Again’ Muslims Quit Banks for Islamic Finance
A rise in religious conservatism in Indonesia is drawing talent away from what some view as “un-Islamic” jobs in banking, industry professionals say, …
Alizz Islamic Bank Launches Sharia-Compliant Credit Cards
Muscat- Alizz Islamic Bank, in collaboration with Mastercard, announces the launch of Sharia-compliant corporate credit cards to provide corporate …
Bank Nizwa Joins Hands With AAOIFI and Fingel Global To Launch iFinovation
Muscat: Bank Nizwa’s ability to innovate and introduce new Sharia-compliant financial services has earned it commendable recognition and established …
UAE’s Shuaa To Launch Digital Wealth Platform
SHUAA Capital psc, the leading asset management and investment banking platform in the region, today announced its intention to launch a new Digital …
Egypt May Issue First Sukuk Bonds Soon
Egyptian parliament passes the sovereign bond bill.
On June 6, 2021, it approved the Sovereign Bond Bill to allow Egypt to offer the country’s first …
IFIN Launches Instant Islamic Financing Platform For Retailers, Islamic Finance Providers
Bahrain-based Islamic Fintech provider, IFIN (Islamic Finance Initiation Network – www.ifin-services.com), has launched the first of its kind, the …
Indonesia’s ALAMI Emerging As A Major Player In Shariah-Compliant Peer-To-Peer Lending
Indonesian peer-to-peer lender ALAMI Shariah has been in the news lately. In mid-May, 2021, it acquired a local Shariah bank. To the industry …
Path Solutions Completes System Upgrade At Kuwait Finance House
Path Solutions, a global Islamic banking software company, announced that Kuwait Finance House (“KFH”), Kuwait’s Islamic banking pioneer has completed …
Pak PM Imran Launches Pakistan’s First Green Euro Bond
Prime Minister Imran Khan Monday formally launched Pakistan’s first green Eurobond by the Water and Power Development Authority (Wapda) at a …
Are Big Tech Companies Destroying Bank Brands?
Big tech companies such as Apple, Facebook, and Amazon have massive user bases. Now, they are entering the financial services industry as well. They …
Impact Of Islamic Social Financing In COVID-19 Era And Beyond?
At these extraordinary times in the world, where the devastating effects of the coronavirus disease (COVID-19) are still being felt across all …