News & Update
Submit Press ReleaseFitch: Zakat settlements remove key uncertainty for Saudi banks
Confirmation of Saudi banks' extra zakat payments for years up to and including 2017 removes a key near-term uncertainty that could have pressured some banks' ratings, Fitch Ratings says. The...
Halal internet? Islamic browser promises better web experience
KUALA LUMPUR (Jan 28): A Malaysian startup is betting that there’s plenty of pent-up demand for a new browser that’s compliant with Islamic values, at a time of mounting concerns...
Pakistan to be granted major oil loan from Islamic Bank
(MENAFN) Pakistan is set to receive USD4.5 billion worth of oil as a loan from the Islamic Development Bank, as part of its Islamic Trade Finance Corporation plan. The oil...
Boeing Capital mulls Islamic financing for jet purchases
Boeing is considering offering Islamic finance tools as a way for its Middle East and Africa customers to fund aircraft purchases and diversify their financing sources. Boeing Capital, the financing...
Islamic Banking Software Market Is Booming Worldwide | Key Companies – ITS, Oracle, Tata Consultancy Services
Global Islamic Banking Software Market Research Report 2019 to 2025 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in...
Could Islamic finance let you be ethical and make money?
Shariah-compliant savings accounts have some of the highest rates on the market, despite strict investment principles. Now mortgages and investments are following in their wake. Look at the best savings accounts in...
Islamic finance for social good
The term 'Islamic Social Finance' refers to modes of finance that are rooted in Islamic ethics and intended for social benefit. These include Zakat (almsgiving), Waqf (endowments), Sadaqa (charity) as...
Al Mustashar Islamic Bank goes live with ICSFS core banking system
CS Financial Systems (ICSFS) said that Al Mustashar Islamic Bank has gone live with core banking software suite ICS BANKS ISLAMIC for its newly instated business in Iraq. Last year, the lender had...
UAE's biggest Islamic bank lists $750m sukuk on Nasdaq Dubai
Nasdaq Dubai on Tuesday welcomed the listing of a $750 million sukuk by Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE. It is Nasdaq Dubai’s first sukuk...
Islamic Development Bank provides $40 million loan for Kazakh businesses
ASTANA – The Islamic Development Bank (IsDB) has provided a $40 million loan to Kazakhstan’s Damu Entrepreneurship Development Fund, said fund Deputy Chairperson Daulet Abilkairov at the Central Communications Services...
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