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Singapore is giving it another try to embrace Islamic finance growth

24 October, 2018      84

The Southeast Asian financial hub of Singapore, where Islamic finance so far had a comparatively weak standing, is now seeking to play its cards with the launch of a new...

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Islamic Finance Standard-Setting Bodies IFSB and AAOIFI Join Forces to Strengthen the Development and Resilience of the Islamic Financial Services Industry

23 October, 2018      171

23 October 2018, Manama, Kingdom of Bahrain; Kuala Lumpur, Malaysia – The Islamic Financial Services Board (IFSB), represented by Dr. Bello Lawal Danbatta, Secretary-General, and the Accounting and Auditing Organization...

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National Bank of Bahrain weighs buying Bahrain Islamic Bank's issued shares

23 October, 2018      156

The National Bank of Bahrain, a majority government-owned lender, is considering making a voluntary offer for issued shares of Bahrain Islamic Bank, a tie-up that could create a lender with...

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IRTI, Bank Indonesia, Indonesia Waqf Board jointly launch principles of managing Islamic endowments

23 October, 2018      243

Islamic endowments are a significant component of Islamic social finance, which has attracted attention of development partners as a tool for harnessing resources to address poverty, promote economic inclusion, and...

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UAE Eager to Become World's Largest Islamic Fintech Hub

22 October, 2018      151

The UAE is the fourth-largest hub globally for Islamic fintech with a total of 12 startups operating in this space. But the country's keen focus on startups and technologies will...

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Bahrain Fintech Bay launches Islamic finance centre

22 October, 2018      157

MANAMA - Bahrain FinTech Bay (BFB) has launched the Global Islamic & Sustainable FinTech Center (GISFC) with local, regional and international members aiming to bolster the use of fintech to...

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Maalem Financing raises SAR 100 million in debut Sukuk

19 October, 2018      110

Saudi based Maalem Financing has raised SAR 100 million from a debut sale of Sukuk, reported Reuters. John Sandwick, a member of Maalem's Board of Directors, said that the three-year unsubordinated...

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Affin Islamic issues RM300m AT1 sukuk wakalah

19 October, 2018      411

KUALA LUMPUR (Oct 18): Affin Islamic Bank Bhd, a wholly-owned subsidiary of Affin Bank Bhd, has issued an RM300 million additional tier one (AT1) sukuk wakalah. In a filing with...

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Kerajaan guna wakaf bantu B40

18 October, 2018      142

SERDANG: Kerajaan akan memanfaatkan sepenuhnya sistem wakaf sebagai instrumen dalam membela golongan 40 peratus berpendapatan terbawah atau B40.   Menteri di Jabatan Perdana Menteri, Datuk Dr Mujahid Yusof, berkata antara...

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Tunisia Uses Zakat to Fund Social Interventions

18 October, 2018      136

Tunisian Assembly called Zakat science, Tuesday, to add a new chapter to the financial Bill for the year 2019. The event provides a special account for ‘ box and Zakat...

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