IRTI Launches Blockchain-based Smart Credit Management Platform
The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group has partnered with the Samsung-backed blockchain …
Finance
Experts To Discuss Future Of Islamic Economics & Finance
Experts are scheduled to discuss the future of Islamic Economics & Finance online between June 14-20. Turkish President Recep Tayyip Erdoğan is …
UAE Zakat Fund Offers AED38.6 Million To Support The Needy
The Zakat Fund Disbursement Committee in Abu Dhabi has approved AED38.6 million for the needy, as part of the ‘Support Project’ …
Islamic Fintech Startup Manzil Seeks Funds Via Crowdfunding
Manzil, a Toronto-based Islamic FinTech startup that offers shariah-compliant financial solutions for mortgage purposes, is offering the public a …
Bank Nizwa Ranks As the World’s Best Islamic financial institution
Establishing itself as one of the leading Islamic banking institutions globally, Bank Nizwa was recently awarded the prestigious title of the Best …
COVID-19 To Put Global Sukuk Issuance To Reverse
Though it has looked like last year’s recession scare was a false alarm, the global Sukuk market is close to sending another signal about a slump. The …
Islamic Finance Gaining Ground In China
Islamic Finance has become a potential growth sector in China after the COVID-19 pandemic is over. This year’s GDP growth of China, the world’s …
Halal Angels Network Aims To Tap $5trn
The World’s First Halal Angels Network was launched to promote innovation, entrepreneurship & startups to tap $5 trillion, as the Halal consumer …
PSE Eases Rules On Islamic Finance Industry
In a bid to grow the Islamic finance industry in the Philippines, the Philippine Stock Exchange, Inc. (PSE) is adjusting its guidelines in screening …
Oman Arab Bank To Merge With Alizz Islamic Bank
Oman Arab Bank and Alizz Islamic Bank are planning to merge after securing regulatory approval from the Central Bank of Oman. The deal will further …
Stock Markets in Asia Surge, Even as China’s G.D.P. Falls
Asian markets rallied on Friday. Cathay Pacific Airways, Hong Kong’s flag carrier, said that it had laid off nearly 300 employees in the United …
Turkey Enables Sovereign Fund To Support Economy
Turkey allowed its sovereign wealth fund to take over private companies in distress as part of a series of economic measures to help the Middle East’s …
ITFC Gives $850 Million To OIC Members Hardest Hit By COVID-19
The International Islamic Trade Finance Corporation (ITFC) plans to give $850 million to OIC member countries hardest hit by COVID-19 pandemic. Mr. …
ADIB Becomes First Islamic Bank To Use Blockchain For Trade Finance Transactions
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution in the United Arab Emirates, has become the first Islamic bank to successfully …
Islamic Fintech Industry Embracing To Serve Customers
The fintech industry is booming. It is fast overtaking traditional financial methods to deliver financial services to consumers, investors, and other …
Islamic Finance Strengthening Its Roots In Canada
Islamic Finance strengthening its roots In Canada. That is the key phrase we got from the article published in The Globe and Mail. Canada is a …
Islamic Finance To Expand In 2020 As Demand For Shariah-Compliant Products Grows
Islamic finance is poised to expand in 2020 and beyond, helped by the growing use of Shariah-compliant products in the GCC region and Malaysia, …
Philanthropy Combating Coronavirus In Pakistan
Outside grocery stores in Karachi, a remarkable scene has been unfolding over the past two weeks. Instead of rushing home after shopping to avoid …
Malaysian Financial Sector has considerable Promise for Expansion
In Malaysia, where annual economic growth has averaged just under 5 percent over the past five years, fintech is a part of everyday life. It is …
Nigerian Official Urges Businesses To Explore $3 Trillion Halal Fund
The President, Abuja Chambers of Commerce and Industry (ACCI) Adetokunbo Kayode has urged Nigerian businesses to embrace the Halal financial economy …
Islamic Finance In Qatar Growing Exponentially
Doha, Qatar: H E Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, has stated that Qatar will take advantage of all available opportunities …
Qatar To Emerge As The World’s Leading Islamic Finance Hub
With a fast-growing Islamic finance industry, Doha has all the potential to emerge as the ‘Capital of Islamic Finance”, industry experts stated …
Malaysia Finalizes Regulations For Digital Islamic Banks
There has been a lot of talk about digital banks in different parts of the world. Malaysia, having the most advanced Islamic economy ecosystem, has …
Global Islamic Economy Summit To Hold Roundtable At Halal Hannover
For the first time, the world’s largest summit on the Islamic economy is coming to German-speaking Europe.
Hannover: First announced by Deutsche …