News & Update
Submit Press ReleaseOman sells $1.5 billion sukuk as Khashoggi crisis raises funding costs
DUBAI, Oct 24 (Reuters) - Oman sold $1.5 billion in sukuk, or Islamic bonds, on Wednesday but the generous investor returns it had to offer showed that the crisis over...
Islamic finance’s growing impetus in Africa
Moody’s has identified 18 African countries that have the greatest potential for growth in sukuk issuance and Islamic banking. Over the last five years, Islamic finance has seen massive expansion...
ISLAMIC INVESTMENT PLATFORM BAGS £6M FOR EXPANSION
Halal FinTech platform Wahed Invest eyes global expansion after funding takes company valuation to over £75m. Wahed Invest, an online investment platform compliant with Islamic law, has raised an additional £6...
Singapore is giving it another try to embrace Islamic finance growth
The Southeast Asian financial hub of Singapore, where Islamic finance so far had a comparatively weak standing, is now seeking to play its cards with the launch of a new...
Islamic Finance Standard-Setting Bodies IFSB and AAOIFI Join Forces to Strengthen the Development and Resilience of the Islamic Financial Services Industry
23 October 2018, Manama, Kingdom of Bahrain; Kuala Lumpur, Malaysia – The Islamic Financial Services Board (IFSB), represented by Dr. Bello Lawal Danbatta, Secretary-General, and the Accounting and Auditing Organization...
National Bank of Bahrain weighs buying Bahrain Islamic Bank's issued shares
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...
IRTI, Bank Indonesia, Indonesia Waqf Board jointly launch principles of managing Islamic endowments
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...
UAE Eager to Become World's Largest Islamic Fintech Hub
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...
Bahrain Fintech Bay launches Islamic finance centre
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...
Maalem Financing raises SAR 100 million in debut Sukuk
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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