News & Update
Submit Press ReleaseMalaysia's Islamic banking industry will achieve 40% market share by 2020, says AIBIM
KUALA LUMPUR (Sept 25): With the introduction of value-based intermediation (VBI) by Bank Negara Malaysia (BNM) in 2017, the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) is confident...
GIFF2018: Propelling Islamic finance to the next level
Kuala Lumpur (25th September 2018): The Global Islamic Finance Forum 2018 (GIFF2018) will be held from 3rd to 4th October in Kuala Lumpur, bringing together Islamic finance leaders, policy decision...
Under What Conditions Can The Digital Arab Market Grow Like Islamic Banking by 20% Annually
The head of the Financial Services Authority of Abu Dhabi Global Market (ADGM) called on the countries that are developing the digital market to finally adopt common rules for legal...
Impact banking: Putting the impact back into Islamic finance
Islamic finance has become too focused on getting arcane structures to be technically Shariah compliant, but a new initiative in Malaysia attempts to make Islamic finance socially positive once more...
Islamic finance is gaining a foothold across Africa
Islamic finance is rapidly growing across Africa, with investors, governments, and financial institutions increasingly leveraging its potential for both financing and development. Since 2014, $2.3 billion in sukuk, or Sharia-compliant...
Islamic finance body IILM appoints new acting CEO
(Sept 19): The International Islamic Liquidity Management Corp (IILM) has appointed Umar Oseni as its acting chief executive after the resignation of Abdoul Aziz Ba, the Malaysia-based organisation said on...
Islamic banks face outdated property rules - industry body
Regulators overseeing Islamic banking must revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III, a global industry body said on Sunday. The...
Bahraini lender eyes piece of Kenya’s Islamic banking
Bahrain’s third largest Islamic bank Al Baraka Banking Group says it is mulling over expanding operations into Kenya as it seeks to claim a piece of the fast-growing Shariah-compliant banking...
Abu Dhabi Islamic Bank sets initial price guidance for perpetual sukuk
DUBAI, Sept 12 (Reuters) - Abu Dhabi Islamic Bank, the largest sharia-compliant lender in Abu Dhabi, has given an initial price guidance in the region of 7.5 percent for a...
While scholars debate, digital innovations enter Islamic finance stage
The rise of Islamic finance startups in recent times is increasingly opening the industry up to innovations, while scholars keep discussing the phenomenon with regards to Shariah compatibility. On the...
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