News & Update
Submit Press ReleaseIslamic finance ‘key to Saudi Arabia’s economy’
RIYADH: The Islamic finance industry’s role in stimulating the national economy was highlighted at a Riyadh workshop organized by the Saudi Arabian Monetary Authority (SAMA). Turki Al-Mutairi, SAMA deputy governor...
Oman- Meethaq Islamic Banking increases sukuk offer to over RO45mn
(MENAFN - Muscat Daily) Muscat- Meethaq Islamic Banking, the Islamic window of Bank Muscat, announced that it has increased the original size of Meethaq Sukuk Series 2 offer from RO25mn...
Islamic Finance Centre opens in Kazakhstan
Hamad Bin Khalifa University (HBKU), Al-Farabi Kazakh National University, and Astana International Financial Centre (AIFC) have opened an Islamic Finance Centre (IFC) in Kazakhstan. HBKU president Dr Ahmad M Hasnah...
Is Singapore Gunning to Be an Islamic Fintech Hub?
Singapore recently declared its intention to develop the ‘most advanced’ halal hub in Southeast Asia within the next two years. While the announcement primarily looked Singapore as a halal hub within...
Saudi c. bank fines 16 financial institutions for violations of responsible finance
DUBAI, May 19 (Reuters) - Saudi Arabia’s central bank said on Sunday it had fined 16 financial institutions for violating principles of responsible finance. The Saudi Monetary Authority said in...
Alliance Islamic Bank launches social crowdfunding platform
KUALA LUMPUR: Alliance Islamic Bank Bhd launched its first social crowdfunding platform, SocioBiz, to create greater socioeconomic impact for the financially disadvantaged. The AIS’ SocioBiz platform, with the tagline “Empowering...
6 Universities, LIPI, and KNKS are Committed to Develop the Islamic Economy Education and Research
Jakarta, KNKS - The Masterplan for Indonesian Islamic Economy 2019-2024 was launched on Tuesday, May 14th 2019 at Djunaedi Hadisumarto Room, The Ministry of National Development Planning (Bappenas) Office, Jakarta. The...
Fintech to help Qatar become Islamic finance hub: QFC
Fintech can enable Islamic finance to attract more customers, increase efficiency, reduce costs and offer a wider range of products, helping the sector become more competitive against conventional finance, according...
Global executives attend Islamic finance program in Jeddah
Representatives from financial and academic institutions around the world attended a four-day international executive program in Islamic finance in Jeddah. The program was jointly organized by the Saudi-Spanish Center for...
A strategy to rejuvenate Islamic finance
The Islamic banking and finance (IBF) sector appears to be at a crossroads. Over the last three decades, growth has been impressive, with total assets estimated at about US$2 trillion...
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