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Demand for Islamic banking to drive profitability in UAE

10 June, 2019      328

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...

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Maybank wants to link up Gulf Cooperation Council, Asean with Islamic banking

07 June, 2019      335

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)...

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Maybank wants to link up Gulf Cooperation Council, Asean with Islamic banking

06 June, 2019      295

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)...

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Escudero, Gatchalian seek approval of Islamic banking act

31 May, 2019      288

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...

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Islamic finance ‘key to Saudi Arabia’s economy’

29 May, 2019      327

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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Oman- Meethaq Islamic Banking increases sukuk offer to over RO45mn

27 May, 2019      391

(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...

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Islamic Finance Centre opens in Kazakhstan

23 May, 2019      327

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...

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Is Singapore Gunning to Be an Islamic Fintech Hub?

21 May, 2019      331

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...

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Saudi c. bank fines 16 financial institutions for violations of responsible finance

20 May, 2019      338

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...

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Alliance Islamic Bank launches social crowdfunding platform

17 May, 2019      408

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...

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