News & Update

Submit Press Release

Growing Islamic finance firms lobby Britain for tax relief

14 June, 2018      119

LONDON: Firms involved in Islamic finance are lobbying the British government for tax reforms, arguing that the treatment of some sharia-compliant structures is hindering their growth. Britain has actively pursued...

more +


VEB bolsters Islamic finance efforts with Abu Dhabi office

13 June, 2018      109

Russia’s Vnesheconombank (VEB) is strengthening its focus on Islamic finance and work in the Middle East with the opening of a representative office in Abu Dhabi. In a statement, VEB...

more +


Islamic Finance: Using blockchain to solve wakaf challenges

13 June, 2018      646

Wakaf — the Arabic word for an endowment to a charitable cause — contributed significantly to the global socioeconomic landscape in the past, especially in eradicating poverty. However, in modern...

more +


Islamic finance industry assets surpass $2tn-mark

12 June, 2018      120

The new Islamic Financial Services Industry Stability Report 2018 released by the Islamic Financial Services Board (IFSB) in Kuala Lumpur on June 8 confirms earlier forecasts that the global Islamic...

more +


Dubai Islamic Bank sees huge demand for capital raising plan

11 June, 2018      140

Dubai Islamic Bank, the largest Islamic bank in the UAE, has announced a successful closing to its capital raising programme. The issuance of 1.6 billion additional shares at price of...

more +


Islamic Bank of Afghanistan signs MoU with DMCC

10 June, 2018      101

The collaboration will enable the Islamic Bank of Afghanistan to carry out Shari'ah-compliant Murabahah transactions using Dubai Multi Commodities Centre’s (DMCC) platform to take multi-currency trades from across the globe....

more +


DMCC powers Islamic Bank of Afghanistan with Sharia-compliant Murabaha transaction capability

09 June, 2018      117

Dubai: DMCC has welcomed the Islamic Bank of Afghanistan as the newest member of its DMCC Tradeflow platform, a dedicated online platform for registering possession and ownership of commodities stored...

more +


Press Release: The IFSB Launches the Sixth Edition of its Flagship Islamic Financial Services Industry Stability Report 2018

08 June, 2018      260

Kuala Lumpur - The Islamic Financial Services Board (IFSB) has released today the sixth edition of its annual Islamic Financial Services Industry Stability Report. The 2018 Report highlights key developments...

more +


IRTI to support Guyana in promoting Islamic finance

06 June, 2018      121

JEDDAH – The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group will continue to provide support towards promoting awareness on Islamic finance in Guyana. Director...

more +


Alizz Islamic Bank promotes Omanis

05 June, 2018      80

Muscat: Reaffirming its position of developing local talent in the banking sector, Alizz Islamic Bank’s human resources division has announced the promotion of several of its employees to senior management...

more +