News & Update
Submit Press ReleaseIslamic 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...
Fitch affirms FAB Sukuk programme at 'AA-'/'F1+'
Fitch Ratings has affirmed FAB Sukuk Company Limited's Sukuk Trust Certificates Programme at 'AA-'/'F1+'. FAB Sukuk is the special purpose Sukuk issuing vehicle of First Abu Dhabi Bank (FAB; AA-/Stable/F1+)....
Seminar focusses on Islamic Finance industry
CENTRE for Islamic Banking, Finance and Management (CIBFM) in collaboration with BNP Paribas Securities Services organised a seminar themed ‘Staying Ahead in A Changing World’ at The Empire Hotel &...
Philippines seeks Islamic funding to develop halal industry in Mindanao
The Philippines is pushing ahead with more development plans for the Muslim-minority south of the archipelago, namely the Mindanao region, which is in need for a variety of economic impulses. ...
Islamic Banking Software Market - 2024 by Manufacturers, Countries, Type and Application| ITS, Oracle, Path Solutions, Temenos, AutoSoft Dynamics, BML Istisharat, EdgeVerve, ICS Financial Systems, Infopro
Islamic banking or Islamic finance is banking or financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes...
MEDIA RELEASE: SC to Regulate Offering and Trading of Digital Assets
Kuala Lumpur - Following the statement by the Minister of Finance YB Tuan Lim Guan Eng on the coming into force of the Capital Markets and Services (Prescription of Securities)...
BNM tells SMEs to look past misconception into Islamic financing facilities
KUALA LUMPUR (Jan 14): More than half of the country's small and medium enterprises (SMEs) are not fully aware of the availability of Islamic business financing facilities, due mainly to...
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