News & Update
Submit Press ReleaseICD, Kapitalbank sign bilateral agreement to develop Islamic finance in Uzbekistan
UZBEKISTAN — The Islamic Corporation for the Development of the Private Sector (ICD), signed an agreement on Wednesday to assist Kapitalbank with technical advisory services for the establishment of new...
Dubai developer to issue $135m in sukuk
DUBAI: The First Group, a Dubai-based developer and real estate investor, plans to issue $135 million in sukuk, or Islamic bonds, a company spokeswoman said. The developer has appointed investment...
MBSB to become Islamic banking counter within 2 years
Malaysia Building Society Bhd (MBSB) expects its full-fledged Islamic banking business under MBSB Bank Bhd to become a holding company and assume listing status on the stock exchange within two...
College launches degrees in Islamic finance
A Scottish college is offering Masters degree programmes on Islamic finance. Dundee’s Al-Maktoum College of Higher Education is collaborating with the University of Dundee to offer qualifications in MSc Islamic...
HSBC Malaysia launches ESG Islamic structured product
Pic: “Investment strategies incorporating ESG have seen rapid global growth in recent years. The main factors driving ESG asset growth, among others, include the demand from asset owners and risk...
Demand for Islamic banking to drive profitability in UAE
Dubai: Emirates Islamic, belonging to Emirates NBD Group, is gaining traction in asset growth, profitability and asset quality, thanks to strong demand for Islamic banking services, a sharply focused retail...
Maybank wants to link up Gulf Cooperation Council, Asean with Islamic banking
KUALA LUMPUR: Maybank Islamic Bhd (MIB), the largest Islamic bank by asset in Asean, wants to be the bridge for the Islamic banking sector between the Gulf Cooperation Council (GCC)...
Maybank wants to link up Gulf Cooperation Council, Asean with Islamic banking
KUALA LUMPUR: Maybank Islamic Bhd (MIB), the largest Islamic bank by asset in Asean, wants to be the bridge for the Islamic banking sector between the Gulf Cooperation Council (GCC)...
Escudero, Gatchalian seek approval of Islamic banking act
Outgoing Senator Francis ‘’Chiz’’ Escudero and Senator Sherwin Gatchalian have sought congressional approval of a bill seeking the establishment of a sound legal and regulatory framework for the development of...
Islamic 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...
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