Alizz Islamic Bank appoints New Sharia Supervisory Board
Muscat: Alizz Islamic Bank recently announced the appointment of a new Sharia Supervisory Board. Sheikh Dr. Essam Khalaf Al Anzi was appointed …
Finance
Riyad Bank To Debut $2.67b Sukuk
Riyad Bank plans to establish a domestic SAR-denominated Sukuk issuance program of up to SR10 billion ($2.67 billion), the bank said in a bourse …
How Islamic Fintech Can Reduce Poverty & Unemployment?
Islamic fintech could reduce poverty and unemployment. It could reduce the scourges with the help of instruments such as easy payment and settlement …
How Islamic Finance Can Tackle Global Challenges In The Post-COVID-19 Era?
Islamic finance has the potential to create a positive impact and help in addressing the devastating challenges facing global economies as a result of …
Can Blockchain Technology Help Islamic Banking?
Blockchain technology is going to change everything”. This claim was made many times over the past several years in many different forms. And we are …
Should Malaysia Use Blockchain Technology To Certify Halal Products?
In 2018, Malaysia accounted for only 1 percent of the global halal demand – proving there are substantial opportunities and room for improvement to …
Saudi Arabia Poised to Become a Global Leader in Islamic Finance
The Kingdom of Saudi Arabia, being the largest Islamic finance market globally in economies with dual financial systems (comprising both conventional …
IRTI Launches Saudi Arabia Islamic Finance Country Report
In conjunction with the G20 Summit being held in Saudi Arabia on 21-22 November 2020, the Islamic Research and Training Institute (IRTI) of the …
Why Do You Need To Know the Basics of Islamic Finance as a Muslim?
Why do you need to know the basics of Islamic finance as a Muslim? The answer to this question may surprise you. However, it is important for us to …
Pandemic Forces Global Sukuk Volume To Fall This Year
The global Islamic finance industry is expected to contract this year as Sukuk issuance has dropped significantly due to the on-going COVID-19 …
Does Blockchain Technology Have Value for Islamic Finance?
Everyone seems to be talking about the pervasiveness of blockchain technology. It is claimed to be a revolutionary concept that has the ability to …
What Is The Role Of Embedded Finance In The Growth Of Islamic Fintech?
eCommerce is booming all over the world. The ongoing COVID-19 pandemic has made online businesses all the more ubiquitous among buyers. Millions of …
ADIB Launches UAE`s First-Ever Virtual Sales Platform
Abu Dhabi Islamic Bank Revolutionizes Customer Experience with First-Ever Virtual Sales Platform in the UAE
Abu Dhabi Islamic Bank (ADIB) is …
Malaysia Announces Permissibility of Cryptocurrency As Halal
Malaysian religious authorities announced the permissibility of cryptocurrency as Halal. Not long after they made the historical decision, many …
Fintech Can Promote Islamic Finance In Nigeria, Jidda
The convergence of fintech and Islamic finance presents a transformative opportunity to reshape the industry, driving innovation and expanding access …
ICD Completes Pricing for a 5-Year US$ 600 Million Sukuk Issuance
Islamic Corporation for the Development of the Private Sector (ICD) Completes Pricing for a 5-Year USD 600 Million Sukuk Issuance
This is the …
Islamic Fintech Playing An Important Role In Africa
The roll-out of shariah-based digital financial products will deepen Islamic Finance in Nigeria. Mr. Fahad Siddiqui, Co-Founder and Chief Operating …
Pak K-Electric Offers 7% Profit On Islamic Bonds
Recently, K-Electric, the main electricity supplier in Karachi, Pakistan issued Sukuk (Islamic bonds) to finance its increasing demand for electricity …
Fintech Playing A Crucial Role In The Growth Of Islamic Banking Industry
Islamic Banks all over the world have been adopting financial technologies to streamline their business operations. This was stated by a panel of …
Maldives To Issue Sukuk To Help Restart Its Economy
The Maldives plans to issue Sukuk to help restart its tourism-focused economy affected by the COVID-19 pandemic. The small island nation of the …
Nasdaq Dubai Welcomes DIB`s Sukuk
Nasdaq Dubai welcomed the listing on Tuesday of a $300 million Sukuk issued by Dubai Islamic Bank (DIB). The issuance was a tap on a one billion US …
Uzbekistan To Issue Green Sukuk To Strengthen Its Financial Markets
To allure investors from the Islamic financial world, Uzbekistan is eyeing a green debt sale that would be marketed as a Sukuk.
Atabek Nazirov, …
Saeed Lootah, The Founder Of First Islamic Bank Passes Away
Haj Saeed bin Ahmed Al Lootah, the founder of the world’s first Islamic bank, has passed away. He was 97. Sheikh Mohammed bin Rashid Al Maktoum, …
Top Three Emerging Trends In Islamic Finance Due To COVID-19
The COVID-19 pandemic crisis has affected most of the economies around the world. Governments have been adopting relaxed monetary policies to contain …