News & Update

Bitcoin and Ethereum fall after a $31 million crypto heist

21 November, 2017

LONDON – The major cryptocurrencies bitcoin and Ethereum were falling against the dollar on Tuesday morning after a $31 million heist elsewhere in the digital currency world. Tether, which created...

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Race is on for a global Islamic finance hub

21 November, 2017

With Islamic finance assets leaping to an estimated $2tn for both banks and non-bank financial institutions, and forecasts putting the volume at $3.2tn by 2020, voices have grown louder to...

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Judge rules in favour of creditors in Dana Gas Islamic bond case

17 November, 2017

A London High Court judge ruled in favour of creditors in a case over whether energy company Dana Gas must repay $700mln of Islamic bonds DUBAI - A London High...

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Update: Dubai's DIFC announces $100mln fintech fund

14 November, 2017

Dubai International Financial Centre (DIFC) on Tuesday announced it is establishing a $100 million fund to invest in early-stage and growth start-ups in the financial technology space.  The fund was announced...

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Malta positions itself as new centre for Islamic finance in EU

14 November, 2017

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 established hubs in Europe, namely...

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WIEF a platform to elevate Islamic finance sector

09 November, 2017

KUCHING: The upcoming 13th World Islamic Economic Forum (13th WIEF) will provide vast opportunities for the private sector as well government decision makers within Sarawak and Malaysia as it serves...

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Timely for Islamic finance to embrace fintech

08 November, 2017

PETALING JAYA: Islamic finance stands to gain significantly by leveraging on financial technology, said Bank Negara Malaysia Assistant Governor Datuk Ahmad Hizzad Baharuddin  Speaking at the ASAS Shariah Fintech Forum...

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Datuk Ahmad Hizzad Baharuddin - Assistant Governor's Keynote Address at the ASAS Shariah Fintech Forum 2017

08 November, 2017

I would like to thank ASAS for the opportunity to speak at this event. I am encouraged to see the presence of many industry practitioners, particularly from the Shariah community....

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Saudi mass arrests jolt markets, play to ire over corruption

07 November, 2017

RIYADH - Most major Gulf stock markets slid early on Tuesday on jitters about Saudi Arabia's sweeping anti-graft purge, a campaign seen by critics as a populist power grab but by...

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PRESS RELEASE: 24th World Islamic Banking Conference announces 3rd Series of WIBC Leaderboard to promote and foster global Islamic Banking

03 November, 2017

24th World Islamic Banking Conference announces 3rd Series of WIBC Leaderboard to promote and foster global Islamic Banking   The 3rd series of the WIBC Leaderboard will see top performing...

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