News & Update
Submit Press ReleaseBNM approves MIDF, Al Rajhi merger discussions
KUALA LUMPUR (Jan 10): Bank Negara Malaysia (BNM) has given Malaysian Industrial Development Finance Bhd (MIDF) the green light to begin merger talks with Al Rajhi Banking & Investment Corp,...
Islamic charity Jalalabad Association faces finance inquiry
An inquiry has been opened into an Islamic charity amid concerns over potential mismanagement and a failure to submit accounts, a regulator says. Jalalabad Association, whose objectives include advancing Islam...
PSE: Shariah-compliant listed firms drop to 56
THE NUMBER of listed firms compliant with Islamic principles of finance dropped to 56 as of Dec. 25, according to the Philippine Stock Exchange (PSE). A quarterly review posted on...
Islamic finance volume seen at $2.5tn this year; takaful stays miniscule
The global volume of the Islamic finance industry will reach about $2.5tn this year, only a small growth from the $2.44tn it reached in 2017 and after it lost some...
Islamic Banking Slowly Warms To Blockchain
Saudi Arabia’s Islamic Development Bank (IDB) signed an investment agreement in November with i-FinTech Solutions, a Tunisia-based advisory firm, to create a series of shariah-compliant tools to help Islamic banks...
Islamic banking moot seeks global forum to help Muslims
LAHORE: The World Islamic Banking and Finance Conference has agreed to establish an international forum to find solutions to banking, finance and sociopolitical issues being faced by the Muslims. The...
FINTERRA - MOC BRINGS BLOCKCHAIN TO ISLAMIC FINANCE
KUALA LUMPUR, Jan 5 (Bernama) -- The Islamic Finance / FinTech industry, the former being heavily regulated, is one that FINTERRA is targeting with the upcoming launch of its WAQF...
Islamic finance volume to hit $2.5 trillion this year
Islamic finance volume is expected to hit $2.5 trillion this year experts have predicted. This is despite the fact that last year did not prove to be much beneficial for...
The relevance of Islamic financing to Big 4 agenda
It is obvious that traditional approaches to development that afford the Government full mandate to determine priorities and manage resource mobilisation and allocation cannot guarantee the desired outcomes. For...
Blockchain is making its way into Islamic finance
Blockchain technology, an unalterable digital information recording system, is increasingly being discovered as a useful tool by Islamic finance institutions and banks for complex financing contracts and Shariah-compliant transactions, as...
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