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National Bank of Bahrain weighs buying Bahrain Islamic Bank's issued shares

23 October, 2018      297

The National Bank of Bahrain, a majority government-owned lender, is considering making a voluntary offer for issued shares of Bahrain Islamic Bank, a tie-up that could create a lender with...

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IRTI, Bank Indonesia, Indonesia Waqf Board jointly launch principles of managing Islamic endowments

23 October, 2018      440

Islamic endowments are a significant component of Islamic social finance, which has attracted attention of development partners as a tool for harnessing resources to address poverty, promote economic inclusion, and...

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UAE Eager to Become World's Largest Islamic Fintech Hub

22 October, 2018      338

The UAE is the fourth-largest hub globally for Islamic fintech with a total of 12 startups operating in this space. But the country's keen focus on startups and technologies will...

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Bahrain Fintech Bay launches Islamic finance centre

22 October, 2018      318

MANAMA - Bahrain FinTech Bay (BFB) has launched the Global Islamic & Sustainable FinTech Center (GISFC) with local, regional and international members aiming to bolster the use of fintech to...

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Maalem Financing raises SAR 100 million in debut Sukuk

19 October, 2018      266

Saudi based Maalem Financing has raised SAR 100 million from a debut sale of Sukuk, reported Reuters. John Sandwick, a member of Maalem's Board of Directors, said that the three-year unsubordinated...

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Affin Islamic issues RM300m AT1 sukuk wakalah

19 October, 2018      869

KUALA LUMPUR (Oct 18): Affin Islamic Bank Bhd, a wholly-owned subsidiary of Affin Bank Bhd, has issued an RM300 million additional tier one (AT1) sukuk wakalah. In a filing with...

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Kerajaan guna wakaf bantu B40

18 October, 2018      315

SERDANG: Kerajaan akan memanfaatkan sepenuhnya sistem wakaf sebagai instrumen dalam membela golongan 40 peratus berpendapatan terbawah atau B40.   Menteri di Jabatan Perdana Menteri, Datuk Dr Mujahid Yusof, berkata antara...

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Tunisia Uses Zakat to Fund Social Interventions

18 October, 2018      316

Tunisian Assembly called Zakat science, Tuesday, to add a new chapter to the financial Bill for the year 2019. The event provides a special account for ‘ box and Zakat...

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Smokers not eligible for zakat

18 October, 2018      1023

ZAKAT should be given to the poor and needy, regardless who they are. Smokers, though eligible as zakat receivers, should not get zakat since they can afford to buy cigarettes....

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Dubai Culture Announces Islamic Creative Economy Competition in Partnership With DIEDC

17 October, 2018      300

Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts, heritage, and literature, in partnership with Dubai Islamic Economy Development Centre (DIEDC), announced the ‘Islamic Creative...

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