News & Update

2nd Year Anniversary of the Establishment of Islamic Economic Forum (IEF)

02 January, 2018      41

Press Release - January 2nd, 2018 marks the 2nd Year Anniversary for the establishment of Islamic Economic Forum (IEF). With the immense need for continuous dialogue and discussion on matters...

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Egypt's Religious Leader: Crypto Trading Forbidden Under Islamic Law

02 January, 2018      29

Egypt's highest Islamic religious leader is now weighing in on the legitimacy of cryptocurrency trading. Shawki Allam, the current Grand Mufti of Egypt, said on Jan. 1 that cryptocurrency trading is...

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Islamic Finance Knowledge Program Highlights Business Opportunities to Entrepreneurs in Oman

02 January, 2018      31

As part of their Islamic finance knowledge program, Bank Nizwa, Takaful Oman Insurance and Al Kawthar fund organized their latest workshop in Sohar to highlight the promising and sustainable business...

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SIB raises capital through issuance of convertible sukuk

01 January, 2018      30

Dubai: Sharjah Islamic Bank (SIB) has successfully completed the issuance of Dh266.8 million worth of sukuk convertible into equity of the bank to the Sharjah Social Security Fund (SSSF). The...

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BNM's Syariah governance

28 December, 2017      27

BANK Negara Malaysia (BNM) has thrown down the gauntlet to the Islamic finance industry by raising the bar for Syariah governance, the very raison d’etre of the faith-based Islamic system...

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In Historic Move, #AAOIFI, Under Sponsorship of SABB’s Financial Services, Provides Free Access to Online Version of its Shari’ah Standards

27 December, 2017      173

In Historic Move, AAOIFI, Under Sponsorship of SABB’s Financial Services, Provides Free Access to Online Version of its Shari’ah Standards At the headquarters of the Saudi-British Bank (SABB) in Riyadh,...

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Alizz Islamic Bank wins best sukuk deal of the year award at GIFA 2017

26 December, 2017      36

Muscat -  Alizz Islamic Bank recently won the award for ‘Best Sukuk Deal 2017’ at the seventh Global Islamic Finance Awards 2017 (GIFA) held in Astana, Kazakhstan. The award was received...

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RAM assigns ‘AA3’ rating to Edra Energy’s sukuk

26 December, 2017      44

PETALING JAYA: RAM Ratings has assigned an “AA3/stable” rating to Edra Energy Sdn Bhd’s proposed sukuk wakalah of up to RM5.28 billion in nominal value (2017/2037) to fund the largest gas...

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Mawarid Finance launches Fatwa Book on Mawarid 10th Anniversary

24 December, 2017      25

Mawarid Finance has recently launched a Book titled “Shariah Fatwas of Mawarid Finance”. Press Release Dubai:  Mawarid Finance has recently launched a Book titled “Shariah Fatwas of Mawarid Finance”. Published...

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Female entrepreneurs go for Islamic financing

23 December, 2017      27

JEDDAH: Under the patronage of Princess Lolowah Al-Faisal, Effat University hosted the Third International Islamic Finance Conference on Thursday at the university’s campus. Participants included many academic and financial leaders,...

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