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Maalem Financing raises SAR 100 million in debut Sukuk

19 October, 2018      4

Saudi based Maalem Financing has raised SAR 100 million from a debut sale of Sukuk, reported Reuters. John Sandwick, a member of Maalem's Board of Directors, said that the three-year unsubordinated...

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Affin Islamic issues RM300m AT1 sukuk wakalah

19 October, 2018      3

KUALA LUMPUR (Oct 18): Affin Islamic Bank Bhd, a wholly-owned subsidiary of Affin Bank Bhd, has issued an RM300 million additional tier one (AT1) sukuk wakalah. In a filing with...

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Kerajaan guna wakaf bantu B40

18 October, 2018      7

SERDANG: Kerajaan akan memanfaatkan sepenuhnya sistem wakaf sebagai instrumen dalam membela golongan 40 peratus berpendapatan terbawah atau B40.   Menteri di Jabatan Perdana Menteri, Datuk Dr Mujahid Yusof, berkata antara...

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Tunisia Uses Zakat to Fund Social Interventions

18 October, 2018      10

Tunisian Assembly called Zakat science, Tuesday, to add a new chapter to the financial Bill for the year 2019. The event provides a special account for ‘ box and Zakat...

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Smokers not eligible for zakat

18 October, 2018      246

ZAKAT should be given to the poor and needy, regardless who they are. Smokers, though eligible as zakat receivers, should not get zakat since they can afford to buy cigarettes....

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Dubai Culture Announces Islamic Creative Economy Competition in Partnership With DIEDC

17 October, 2018      12

Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts, heritage, and literature, in partnership with Dubai Islamic Economy Development Centre (DIEDC), announced the ‘Islamic Creative...

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Finterra's Waqf chain showcased at Global Islamic Fintech Summit

17 October, 2018      10

KUALA LUMPUR (Oct 2): Finterra, a global cloud-based fintech service provider and platinum sponsor of the world’s first Global Islamic FinTech Summit (GIFS) held here recently, showcased its innovative Waqf...

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Multaqah fi al-Shariqah yabhath Ishkaliyaat wa Huluul Taqaniin al-Muamalaat al-Maliyah al-Islamiyah

16 October, 2018      14

ملتقى في الشارقة يبحث إشكالات وحلول تقنين المعاملات المالية الإسلامية برعاية كريمة من صاحب السمو الشيخ الدكتور سلطان بن محمد القاسمي عضو المجلس الأعلى حاكم الشارقة رئيس جامعة الشارقة، شهد...

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FNB Islamic Banking wins at the Global Islamic Finance Awards

16 October, 2018      5

DURBAN – FNB Islamic Banking was awarded the “Best Islamic Banking Window 2018” award at the Global Islamic Finance Awards (Gifa).  This is the second time that the bank is receiving the award...

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The Wall: Islamic Finance: Value-based intermediation to reinvigorate industry

16 October, 2018      5

After focusing on strengthening the foundations of Islamic finance for three decades, local market players are now delving deeper into the centuries-old financial system’s concept of egalitarianism and social justice....

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