News & Update
Submit Press ReleaseSaudi Telecom gets 1.5 bil ringgit Islamic loan
SYDNEY (Jan 8): Saudi Telecom Co (STC) has obtained a 1.51 billion ringgit (US$378.5 million) Islamic loan through its Malaysian subsidiary, according to a document from arranging banks. Saudi Telecom,...
Islamic insurers to refocus on profitable segments
Dubai Improving insurance profitability in some of the sectors such as motor insurance and medical insurance are expected to result in Islamic insurance players refocusing in these sectors, according to...
BTMU provides $353m Islamic loan to Malaysian Saudi Telecom unit
TOKYO -- The Bank of Tokyo-Mitsubishi UFJ has provided an Islamic syndicated loan to a Malaysian affiliate of Saudi Arabia's state-owned telecom company, Saudi Telecom. The ringgit-based loan amount is...
Maybank Islamic partners MAIPK to improve Perak socio-economy
KUALA LUMPUR: Maybank Islamic Bhd has signed a Waqf Development Fund joint-venture agreement with Perak Islamic Religion and Malay Customs Council (MAIPk) to develop the state’s waqf (endowment) boat project....
Alrajih Islamic Bank for Investment and Financing opts for iMAL from Path Solutions
Path Solutions, the global provider of software solutions and services for Islamic banks and financial institutions, announces that Alrajih Islamic Bank for Investment and Financing (“Alrajih Islamic Bank”) has selected...
AAOIFI Launches its Annual Report Entitled: 2017, Outstanding Year of Excellence and Achievements
On 4th January 2018, The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) published a detailed professional report entitled “2017, A Year of Success and Development”. The report included...
ARABIC - 2nd Year Anniversary of the Establishment of Islamic Economic Forum (IEF)
الذكرى السنوية الثانية لتأسيس منتدى الاقتصاد الإسلامي بيان صحفي: 2 يناير 2018 يوافق الذكرى السنوية الثانية لتأسيس منتدى الاقتصاد الإسلامي، وهو مجموعة علمية متخصصة على برنامج التواصل ًWhatsApp أسسها الشيخ...
Qatar has strong economic foundation to build on Islamic finance industry
Qatar has strong economic foundation that helps support and enhances the investment trends in the Islamic finance industry, according to a top official of the Qatar Financial Center Authority (QFCA)....
2nd Year Anniversary of the Establishment of Islamic Economic Forum (IEF)
Press Release - January 2nd, 2018 marks the 2nd Year Anniversary for the establishment of Islamic Economic Forum (IEF). With the immense need for continuous dialogue and discussion on matters...
Egypt's Religious Leader: Crypto Trading Forbidden Under Islamic Law
Egypt's highest Islamic religious leader is now weighing in on the legitimacy of cryptocurrency trading. Shawki Allam, the current Grand Mufti of Egypt, said on Jan. 1 that cryptocurrency trading is...
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