News & Update
Submit Press ReleaseSaudi 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...
Bank Nizwa appoints new Chief Financial Officer and Head of Compliance
Muscat: As part of Bank Nizwa’s strategy to nurture and promote Omani talent, the Board of Directors of Oman’s first Islamic Bank, has announced the appointment of Salim Rashid Ali...
Kadaga assures Muslims on Islamic Banking launch in Uganda
The Speaker of Parliament, Rebecca Kadaga has re-assured the Muslim community in Uganda that Islamic Banking will soon be operationalised. Kadaga who was presiding at the Annual Parliament Iftar dinner...
Indonesia to Unveil Sharia Economic Master Plan
Indonesia will aim to push interest-free Islamic banking into the mainstream and boost domestic production of halal (permissible) foods, products and services when the world’s most populous Muslim-majority country unveils...
QIB honoured as 'Best Islamic Financial Institution' in Qatar and Sudan
(MENAFN - Gulf Times) Qatar Islamic Bank (QIB) has been recognised as the 'Best Islamic Financial Institution in Qatar and the 'Best Islamic Financial Institution in Sudan, by the New...
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