News & Update
Submit Press ReleaseFinTech offers "huge" opportunity for Islamic banks to serve unbanked people
Bahrain is urging Islamic banks to embrace financial technology (FinTech) to grow their business by catering to unbanked populations as the kingdom seeks to position itself as a regional financial...
Brunei Islamic finance sector up 3%, maintains spot in top 10 performing markets
BANDAR SERI BEGAWAN – Brunei Darussalam’s Islamic finance sector showed significant growth last year, recording a three percent increase in Islamic banking assets from 2016. A statement issued by the...
Bill on Islamic banking framework filed in Senate
SENATOR Sherwin T. Gatchalian has filed a bill seeking to establish a regulatory framework for the development of Islamic banks in the Philippines. Senate Bill No. 2105 filed on Nov....
Sharia banker predicts 'harsh competition’ with conventional banks
While sharia banks are currently struggling to expand in the market, which is dominated by conventional banks, a senior executive at a leading sharia bank has predicted that the two banking systems will...
UAE among advanced Islamic finance markets
The outlook for the Islamic finance market is promising with the UAE and other GCC leading the market, analysts said on Wednesday. According to industry analysts, total Islamic finance assets...
Why the tide is rising for Islamic finance
FROM modest beginnings nearly three decades ago, the global sukuk market has grown by leaps and bounds. One of the first modern sukuk issuances was a RM125 million (about US$30...
Islamic finance can offer long-term development financing
By unleashing the potential of Islamic finance, much-needed funding could be harnessed for long-term development financing, a new report has said. The second edition of the Global Report on...
Abu Dhabi’s Al Hilal Bank Executes First Blockchain-based Islamic Bond Transaction
Al Hilal Bank, an Abu Dhabi-based Islamic bank, has executed “the world’s first sukuk transaction” using blockchain technology. Sukuk is the Arabic name for financial certificates, also commonly referred to...
Islamic fintech faces regulatory hurdles, Fitch Ratings says
Technological innovations Islamic finance are a necessity, but their development may get hampered by regulatory concerns, Fitch Ratings said in a commentary. Fintech is necessary for Islamic finance to maintain and grow...
Islamic finance must engage with customers
In explaining the key drivers behind the success of US engineering firm GE, the company’s former chairman and CEO, Jack Welch, is quoted to have said: “Number one, cash is king...
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