News & Update
Submit Press ReleaseIslamic finance body IFSB to develop financial inclusion guidance
(Reuters) - The Malaysia-based Islamic Financial Services Board (IFSB) said on Wednesday it will develop a technical note on financial inclusion, aiming to widen the reach of sharia-compliant banking to...
Less than a month left before the anniversary summit "Russia – Islamic world: KazanSummit»
On May 10-12, 2018 the International Economic Summit "Russia - Islamic World: KazanSummit" will be held in Kazan. Anually KazanSummit has been gathering representatives of international organizations, public authorities, financial...
'Trust in Islamic banking rising fast'
Customers' trust in Islamic banking will increase exponentially once the sector's assets reach $3.3 trillion by 2021 as predicted, Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman...
Islamic banks set to see improvement in financial health, S&P says
Islamic banks in the GCC should see an improvement in their financial health by the middle of the year and asset growth is on track to rise in low single-digits...
Islamic banks eye green finance but adoption limited: report
(Reuters) - Islamic banks are keen to develop sustainable practices into their businesses, but a lack of clarity on implementation means adoption of green finance remains limited, according to a...
FinTech Hive programme now includes Islamic finance
FinTech Hive at DIFC has announced that its upcoming programme will expand its themes to include insurance, Islamic finance, and regulatory technology services. The 2018 edition will build on the...
Afghanistan approves first full-fledged Islamic bank
(Reuters) - Afghanistan’s central bank has granted a license to the Islamic Bank of Afghanistan (IBA), the first lender in the country to apply the interest-free principles of Islamic finance...
Green developments in Islamic finance
The global increase in environmental awareness has led to a marked rise in the appetite for green bonds and this an opportunity for green Sukuk issuances says Dominic Coyne, Manager—Fund...
FinTech could boost growth of global Islamic finance, S&P says
The Islamic finance industry, which is set for a relatively slower growth over the next two years, could tap new opportunities by turning to financial technology, or FinTech, said S&P Global Ratings...
Islamic bank to open regional office in Suriname, amidst national macro-economic challenges
(L-R) Finance Minister and Governor of Guyana to the Islamic Bank, Winston Jordan; Suriname's Alternate Governor to the IsDB, Dr Anwar Lall Mohammed; and Dr Shamir Ally, Guyana's Alternate Governor...
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