islamicfinance
Al Baraka Banking Group records a net profit of US$ 26 million attributable to shareholders, for the first quarter of 2021
MANAMA: The Bahrain headquartered leading Islamic banking multinational, Al Baraka Banking Group BSC (ABG), which is traded at Bahrain Bourse and Nasdaq Dubai (under the…
South and Southeast Asia a bright growth spot for Islamic banking, says Moody’s
SELANGOR: Growth prospects for Islamic banking will remain strong in South and Southeast Asia (SEA) over the long term with demand expected to be driven…
Millennium launches international operations in Dubai to support $2.5 trillion global Islamic finance sector
DUBAI: Millennium Information Solution FZ-LLC a well-reputed core banking solutions provider for the US$2.5 trillion(Dh9.1 trillion) global Islamic finance sector, has recently launched its international…
Corporate sukuk to grow slow in 2020
KUALA LUMPUR: Domestic corporate sukuk are in a better position than during the global financial crisis or the Asian financial crisis supported by moderately leveraged…
Working With Islamic Finance
Islamic finance refers to the means by which corporations in the Muslim world, including banks using the EIBOR rates, and other lending institutions, raise capital in accordance with Sharia, or Islamic law. It also refers to the types of investments that are permissible under this form of law. A unique form of socially responsible investment,…
KFH wins ‘Best Bank in Kuwait’ Award 2019
KUWAIT: Kuwait Finance House (KFH), the world leading Islamic financial institution, won the Euromoney Award for Excellence Country 2019 – Best Bank in Kuwait. KFH…
IRTI, Effat University to organise joint Islamic finance conferences
JEDDAH, March 2019: The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group is to collaborate with Jeddah-based Effat University to…
Islamic finance plays an important role in promotion of Halal industry: Zubair Mughal
Dubai, June 2019: For the promotion of Halal industry the role of Islamic finance is very important. With the support of Islamic banking and finance…
ADIB adjudged Best Islamic Bank in the Middle East
ABU DHABI, June 2019: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has received the award for ’Best Islamic Bank in the Middle east…
Oman’s Al Yusr finances Movenpick Hotel
MUSCAT: Al Yusr, the Islamic Banking Window of Oman Arab Bank (OAB), recently hosted the signing ceremony for the financing of the 4-star Movenpick hotel…
4th Cambridge Islamic Finance Leadership Programme concludes with huge success
CAMBRIDGE: The 4th edition of Cambridge Islamic Finance Leadership Programme (Cambridge-IFLP) concluded recently with huge success that witnessed participation from around the world. While delegates…
Dubai’s ArabianChain to create smart contracts for sukuk products
DUBAI: Dubai-based blockchain startup ArabianChain Technology has signed a joint venture with Dubai-and-London-based innovation firm Curiositas to create Wethaq – the world’s first platform for…
University highlights importance of Islamic Finance education
KUALA LUMPUR: With the rising importance of Islamic Finance in the global financial services industry, the University of Reading Malaysia is positioning itself to be…
ADIB, Porsche ink Islamic financing solutions deal
ABU DHABI: Abu Dhabi Islamic Bank (ADIB) has signed an agreement Porsche Middle East and Africa (MEA), a subsidiary of the Volkswagen Group MEA, to…
KFH full-year 2017 net profit climbs 11.5 per cent
KUWAIT CITY: Kuwait Finance House (KFH) reported an 11.5 per cent surge in full year net profit as financing and investments income rose while expenses…
BTMU provides $353m Islamic loan to Malaysian Saudi Telecom unit
TOKYO: The Bank of Tokyo-Mitsubishi UFJ has provided an Islamic syndicated loan to a Malaysian affiliate of Saudi Arabia’s state-owned telecom company, Saudi Telecom. The…
Afreximbank, ICD seal financing agreement on $100m facility
ABUJA: The African Export-Import Bank (Afreximbank) and the Islamic Corporation for the Development of the Private Sector (ICD) have signed a Line of financing agreement…
Islamic finance becoming attractive even for non-Muslims
KUALA LUMPUR: Islamic finance has traditionally been dominated by Muslim-majority countries in the Middle East and Southeast Asia. Now much of the rest of the…
Path Solutions won the award for ‘Best Technology Solution Provider to Islamic Microfinance’
KUWAIT CITY:Path Solutions is proud to announce that it has been selected as ‘Best Technology Solution Provider to Islamic Microfinance’ at the ‘2nd International Islamic…
Malta positions itself as new centre for Islamic finance in EU
VALLETTA:The small European island of Malta in the recent past quietly opened its doors to Islamic banking and finance in an attempt to take on…
