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...
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...
GEORGETOWN, Guyana — Unreliable power supply woes in Guyana may soon be a thing of the past after the approval by the Islamic Development Bank (IsDB) of a loan of...
The collection of zakat has been institutionalised in many Muslim countries. The promotion, collection and distribution of zakat are undertaken by the respective religious authorities according to shariah requirements. However,...
There has been much debate on the use of cryptocurrencies such as bitcoin and ethereum as a legitimate form of currency and investment in Islam. Shariah law emphasises real economic...
The currently fragmented system of deposit insurance for accounts and other assets held at Islamic banks is now set to get clearly defined standards and guidelines to which the Islamic...
Malaysia’s Shariah-compliant BIMB Investment Management launched the world’s first environmental, social and governance (ESG) sukuk fund on August 1. Reflecting a growing responsible finance sector in Malaysia, the company’s CEO told...
Abu Dhabi, August 19, 2018: Shareholders of Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, have approved proposal for a rights issue of AED 1 billion, as recommended by...
A bill seeking to organise such lenders has passed committee level. Islamic banking is gaining momentum in the Philippines after a bill seeking to organise and regulate Islamic banks has made it...
The six governments of the Gulf Cooperation Council (GCC) are likely to lean more heavily on debt capital markets this year than last, according to a new report by Fisch Asset...
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