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The slow re-awakening of Islamic finance in Somalia

12 December, 2018      4

Somalia, the troubled land at the Horn of Africa with one of the most homogeneous Muslim populations in the world, is believed to benefit from the strong footprint Islamic finance...

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CBO becomes full member of Islamic Financial Services Board

11 December, 2018      12

Muscat: The Central Bank of Oman (CBO) has confirmed that it has become a full member of the Islamic Financial Services Board (IFSB), an international organisation that promotes sound Islamic banking...

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CISI promotes Islamic finance qualification

11 December, 2018      12

The Chartered Institute for Securities & Investment (CISI) and the Association of Chartered Certified Accountants (ACCA) have joined forces with a tri-lingual Islamic finance qualification. The global professional bodies, which...

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Dubai Islamic Bank Triumphs at Islamic Business and Finance Awards 2018

10 December, 2018      18

Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has once again dominated the Islamic Business and Finance Awards, collecting five major accolades at the prestigious industry event....

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Golden moment for fintech startup

07 December, 2018      19

LESS than two years since the launch of its savings application, Malaysian fintech company HelloGold recorded another milestone when it won Best Islamic Wealth Management Fintech Company at the World...

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Bank Negara, Dubai FSA enhance supervision of banks, insurers

06 December, 2018      13

KUALA LUMPUR: Bank Negara Malaysia and Dubai Financial Services Authority (DFSA) are working closer together to enhance their supervision of banks and insurance/takaful/reinsurance companies in both countries. Bank Negara and...

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BIMB appoints Mohd Muazzam as CEO of group, Bank Islam

05 December, 2018      126

KUALA LUMPUR: BIMB Holdings Bhd  (BHB) has appointed veteran banker Mohd Muazzam Mohamed as chief executive officer of both BHB and its unit Bank Islam Malaysia Bhd, with immediate effect.  The banking group...

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Islamic finance back on solid growth track: Study

05 December, 2018      13

The newly released Islamic Finance Development Report 2018, compiled by Thomson Reuters and the Islamic Corp for the Development of the Private Sector, shows buoyant figures for the Islamic finance...

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Saudi Arabia's ICD to introduce blockchain-based Islamic banking solutions

04 December, 2018      9

The Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) has penned an agreement with a Tunis-based fintech company to develop blockchain solutions for Islamic banks, it has...

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FinTech offers "huge" opportunity for Islamic banks to serve unbanked people

03 December, 2018      29

Bahrain is urging Islamic banks to embrace financial technology (FinTech) to grow their business by catering to unbanked populations as the kingdom seeks to position itself as a regional financial...

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