News & Update
Submit Press ReleaseSBP asks Islamic banks to help execute housing plan
KARACHI: The State Bank of Pakistan (SBP) has suggested to the growing Islamic banking industry to partner with the Pakistan Tehreek-e-Insaf (PTI) government in executing its plan of constructing five million...
Historic Sukuk by an SA bank as Islamic finance makes sizeable gains
CAPE TOWN – Durban-based Al Baraka Bank has become the first South African financial institution to issue a Tier 2 Capital Sukuk, a Shariah-compliant investment and attractive alternative to conventional...
Pakistan has better regulatory framework for Islamic Banking
The Islamic Banking Industry of Pakistan in collaboration with Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and contribution of Mufti Muhammad Taqi Usmani, launched Urdu version of the...
The slow re-awakening of Islamic finance in Somalia
Somalia, the troubled land at the Horn of Africa with one of the most homogeneous Muslim populations in the world, is believed to benefit from the strong footprint Islamic finance...
CBO becomes full member of Islamic Financial Services Board
Muscat: The Central Bank of Oman (CBO) has confirmed that it has become a full member of the Islamic Financial Services Board (IFSB), an international organisation that promotes sound Islamic banking...
CISI promotes Islamic finance qualification
The Chartered Institute for Securities & Investment (CISI) and the Association of Chartered Certified Accountants (ACCA) have joined forces with a tri-lingual Islamic finance qualification. The global professional bodies, which...
Dubai 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...
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