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BTMU provides $353m Islamic loan to Malaysian Saudi Telecom unit

06 January, 2018      411

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...

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Maybank Islamic partners MAIPK to improve Perak socio-economy

05 January, 2018      404

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....

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Alrajih Islamic Bank for Investment and Financing opts for iMAL from Path Solutions

04 January, 2018      399

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...

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AAOIFI Launches its Annual Report Entitled: 2017, Outstanding Year of Excellence and Achievements

04 January, 2018      450

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...

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ARABIC - 2nd Year Anniversary of the Establishment of Islamic Economic Forum (IEF)

04 January, 2018      593

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...

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Qatar has strong economic foundation to build on Islamic finance industry

03 January, 2018      355

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)....

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2nd Year Anniversary of the Establishment of Islamic Economic Forum (IEF)

02 January, 2018      1022

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...

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Egypt's Religious Leader: Crypto Trading Forbidden Under Islamic Law

02 January, 2018      342

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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Islamic Finance Knowledge Program Highlights Business Opportunities to Entrepreneurs in Oman

02 January, 2018      351

As part of their Islamic finance knowledge program, Bank Nizwa, Takaful Oman Insurance and Al Kawthar fund organized their latest workshop in Sohar to highlight the promising and sustainable business...

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SIB raises capital through issuance of convertible sukuk

01 January, 2018      336

Dubai: Sharjah Islamic Bank (SIB) has successfully completed the issuance of Dh266.8 million worth of sukuk convertible into equity of the bank to the Sharjah Social Security Fund (SSSF). The...

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