News & Update
Submit Press ReleaseDubai Islamic Bank Triumphs at Islamic Business and Finance Awards 2018
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has once again dominated the Islamic Business and Finance Awards, collecting five major accolades at the prestigious industry event....
Golden moment for fintech startup
LESS than two years since the launch of its savings application, Malaysian fintech company HelloGold recorded another milestone when it won Best Islamic Wealth Management Fintech Company at the World...
Bank Negara, Dubai FSA enhance supervision of banks, insurers
KUALA LUMPUR: Bank Negara Malaysia and Dubai Financial Services Authority (DFSA) are working closer together to enhance their supervision of banks and insurance/takaful/reinsurance companies in both countries. Bank Negara and...
BIMB appoints Mohd Muazzam as CEO of group, Bank Islam
KUALA LUMPUR: BIMB Holdings Bhd (BHB) has appointed veteran banker Mohd Muazzam Mohamed as chief executive officer of both BHB and its unit Bank Islam Malaysia Bhd, with immediate effect. The banking group...
Islamic finance back on solid growth track: Study
The newly released Islamic Finance Development Report 2018, compiled by Thomson Reuters and the Islamic Corp for the Development of the Private Sector, shows buoyant figures for the Islamic finance...
Saudi Arabia's ICD to introduce blockchain-based Islamic banking solutions
The Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) has penned an agreement with a Tunis-based fintech company to develop blockchain solutions for Islamic banks, it has...
FinTech 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...
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