Nigeria’s First Sukuk Bond of N100 Billion Set to Mature in September 2024
Nigeria’s first Sukuk bond, valued at N100 billion and issued on September 26, 2017, is set to mature on September 26, 2024. This milestone …
Africa
Emerging Africa Launches N1bn Halal Investment Fund
Emerging Africa’s launch of the N1 billion Halal Fund is a groundbreaking development in Sharia-compliant investments, expertly tailored to meet …
Egypt Expands Takaful & Karama Cash Support to 73,000 More Families
Egypt is enhancing its commitment to social welfare through the expansion of the Takaful and Karama Cash Support Programme, a cornerstone of the …
Muslims in Lagos Launch Ibile Zakat Initiative to Combat Poverty
In a significant effort to alleviate poverty among Muslims in Lagos State and across Nigeria, dedicated Muslim stakeholders have launched the Ibile …
Hijab-Wearing Moroccan Crowned Winner of Miss AI Beauty Pageant
In a groundbreaking event, a hijab-wearing digitally generated personality from Morocco, Kenza Layli, has been crowned the winner of the world’s …
Al Bader Award Honored at 9th Fez Arabic Calligraphy Festival in Morocco
The prestigious Al Bader Award was prominently featured as the Guest of Honour at the 9th Fez International Festival of Arabic Calligraphy Art and …
Tripoli Gears Up for Libya’s 12th International Quran Contest
Tripoli is eagerly preparing to host Libya’s 12th International Quran Contest, a distinguished event that attracts participants from 62 …
Azimut Egypt Debuts “Azinvest” Following Fintech License Approval
Azimut Egypt has revolutionized the asset management industry with the launch of its fully digital investment platform, “Azinvest.” This …
FABMISR Egypt Establishes Sharia Supervisory Committee for Islamic Banking
FABMISR, one of Egypt’s leading banks, has announced the formation of a new Internal Sharia Supervisory Committee (ISSC) to oversee and regulate its …
Islamic Banking in Egypt Hits EGP 701bn in March 2024
A recent report by the Egyptian Islamic Finance Association (EIFA) highlights the significant growth of Islamic banking within Egypt’s banking …
Eid al-Adha Initiative: Awqaf SA and Diyanet Support Kimberley NGOs
In a remarkable effort to alleviate hunger and support local NGOs, the non-governmental organization Awqaf SA, in collaboration with Türkiye’s …
Egyptian Pilgrims Left to Suffer in Scorching Hajj Conditions
The Hajj pilgrimage, a sacred journey to Islam’s holiest city, turned tragic this year as soaring temperatures claimed the lives of hundreds of …
AATB Partners with Tunisia Africa Business Meeting to Boost Economic Growth and Food Security
The Arab-Africa Trade Bridges (AATB) Program is gearing up for its 4th Board of Governors (BoG) Meeting and the 11th Executive Committee (EC) Meeting …
The Growing Reach of BRICS: Reshaping the Global Economic Landscape
In a surprising turn of events during a summit held in Johannesburg, South Africa on August 24, 2023, BRICS, a group of five major emerging economies …
Uganda Opens Its Doors to Islamic Banking
Uganda is setting a significant milestone in its financial sector by facilitating the introduction of Islamic banking, an initiative that aligns with …
200 Ugandan Women-Led Companies Trained in Export Trade
In a significant stride towards fostering economic independence and empowerment, over 200 small and medium-sized enterprises (SMEs) and women-led …
Muslim Countries Unite to Boost Tourism in a Post-Pandemic Era
The Developing Eight (D8) group of Muslim countries is set to convene in the picturesque city of Murree, nestled in Pakistan’s mountains, next …
Digitization Surges in North Africa’s Islamic Banks
Islamic finance, often referred to as Sharia-compliant finance, stands as a unique pillar in the global financial landscape. It underscores a critical …
Most Islamic Finance Markets Remain Untested for Sukuk Recovery
Fitch Ratings-Dubai reports that the majority of the Organisation of Islamic Cooperation (OIC) countries, as per Fitch Ratings’ updated …
How Can Nigeria Capitalize On the Growing Halal Market?
The growing halal market in Nigeria, with its large Muslim population and abundant resources, is in a prime position to take advantage of this growth. …
Court Awards N240,000 to UI School in Hijab Hearing Delay
Discover the recent court ruling that awards N240,000 to the UI School in a hearing delay related to the issue of hijab. In a recent ruling, an Oyo …
IDB Approves $345M for Egypt’s Eco-Friendly Train
Islamic Development Bank (IsDB) has approved $403 million worth of projects in member countries such as Egypt, Kyrgyzstan, and Tajikistan to bolster …
Islamic Finance in Nigeria Continues To Flourish
Islamic Finance in Nigeria has emerged as a thriving sector, offering Sharia-compliant banking solutions and investment opportunities to cater to the …
Al Rayan Bank, UK Fined for Anti-Money-Laundering Violations
Al Rayan Bank, the largest Islamic financial institution in the U.K., has been fined £4 million (approximately $4.9 million) by the Financial Conduct …