News & Update
Submit Press ReleaseMalaysia’s leading Shariah scholars support halal cryptocurrency but say Islamic finance ecosystem needs to catch up
KUALA LUMPUR - Malaysia’s leading Shariah advisors continue to believe a halal coin is on the cards, just as long as financial technology entrepreneurs maintain their appetite for it and...
Wahed Becomes the First Globally-Accessible Halal Robo-Advisor
NEW YORK--(BUSINESS WIRE)--Wahed Inc. (“Wahed”), the parent company of Wahed Invest LLC, the first halal robo advisor in the United States, today announces it is expanding its operations globally. The...
Islamic wealth management holds plenty of opportunities
(MENAFN - Gulf Times) Islamic wealth management has been under the radar in the Islamic finance industry for quite some time, even though the number of wealthy people, especially in...
Bank Alkhair is said planning to exit Malaysian market
KUALA LUMPUR (Bloomberg): Bahrain’s Bank Alkhair BSC is planning to exit Malaysia after operating in the world’s biggest Islamic bond market for more than a decade, people with knowledge of the...
Best Islamic Financial Institutions In The World 2019: Coming Into Their Own
Growth in assets and net profits across most markets in which they have significant client base made 2018 a pretty good year for Islamic financial institutions (IFIs). Realizing the importance...
UAE’s Majid Al Futtaim markets 'green' Islamic bonds
Dubai: Majid Al Futtaim, a UAE-based developer and shopping mall operator, has started marketing ten-year US dollar-denominated “green” Islamic bonds, or sukuk, at about 245 basis points over mid-swaps, a...
Zurich Takaful taps into Souqa Fintech's PayHalal
KUALA LUMPUR: Zurich Takaful Malaysia Bhd (Zurich Takaful) will be using Souqa Fintech Sdn Bhd’s (Souqa Fintech) PayHalal online payment system as part of its ongoing efforts to offer end-to-end...
Ireland readies for Islamic finance as no-deal Brexit looms
Amid uncertainty about the future of London as a financial hub after the UK will have left the European Union – and particularly in case of a no-deal Brexit –...
Federal Court’s landmark ruling puts Islamic banks at ease
ISLAMIC banks watched with bated breath as the Federal Court made a decision two weeks ago that could have had negative implications on the industry. On April 10, in a...
Islamic finance has prominent role in financial inclusion, says SC chairman
KUALA LUMPUR: Islamic finance has a prominent role in helping to address unmet needs of the world's Muslim population for Shariah-compliant financial services, says Securities Commission Malaysia chairman Datuk Syed...
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