News & Update
Submit Press ReleaseDemand 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...
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...
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