01/02/2018
‘Bitcoin is prohibited by Islam,' says Egyptian mufti
The cryptocurrency, which started circulating in 2009, has become the most prominent of several fledgling digital currencies
Islamic Finance
12/31/2017
Sovereigns dominate sukuk market in 2017, trend expected to continue in 2018
Challenging oil prices and burgeoning budgetary deficits among the oil-producing economies supported a sharp increase in issuance of sovereign sukuk in 2017
12/27/2017
Stronger leadership guiding KFH Malaysia towards resurgence as leading Islamic bank
World’s oldest Islamic bank has strengthened its leadership to provide sharia-compliant products and services to an even broader market
12/26/2017
Alizz Islamic Bank recently won the award for ‘Best Sukuk Deal 2017
The award was received on behalf of the bank by Mustafa al Lawati, head of investment banking, project finance and syndications at Alizz Islamic Bank, according to a press release.
12/26/2017
Turkey’s Islamic banks may need more capital to fund growth, says Fitch report
Islamic banks’ capitalisation is adequate “but capital ratios are sensitive to further non-performing financing growth and Turkish lira depreciation”.
12/20/2017
Islamic finance is becoming so attractive that even non-Muslims want in
The value of sovereign sukuk, or Islamic bonds, issued outside the Middle East and Southeast Asia by non-Muslim countries reached $2.25 billion in the 11 months through November
12/19/2017
Takaful Emarat agrees to buy Al Hilal Takaful to form the UAE's largest Islamic insurer
Both firms had Dh900 million in combined gross written contributions in 2016
12/18/2017
Alizz Islamic Bank CEO wins Best Arab CEO award
The Arab Best Awards was launched in 2016 to recognise and celebrate excellence in leadership, business, community and sports in the Arab world.
12/14/2017
Islamic finance plays larger role in sustaining economic growth
The report studied key trends across five indicators used to measure the development of the $2.2 trillion Islamic finance industry which are: Quantitative Development, Knowledge, Governance, Corporate Social Responsibility and Awareness.
12/14/2017
AGB wins number of Islamic Business and Finance Awards
The awards were received by Mohammed Halabi, Chief Executive Officer of Al Baraka Bank Syria at the awards ceremony which was held on December 12, 2017 in Dubai.
12/11/2017
Interest in Islamic finance growing, says QCB Governor
The first part of the event focused on the local, regional, and global use of financial technology, known more commonly in the industry as fintech.
12/11/2017
Kuwait cbank gov to helm IFSB chairmanship - Bangladesh's Kabir appointed as deputy
The 31st meeting of the IFSB Council, hosted by the Central Bank of the Islamic Republic of Iran and Bank Negara Malaysia, was held on Dec 11 2017 in Kuala Lumpur, Malaysia.
12/10/2017
National Bank Of Fujairah Joins Nasdaq Dubai Murabaha
The innovative platform complements our existing offerings as we seek to fulfil our clients’ growing needs in this space.
12/07/2017
Al Baraka named best performer in Bahrain
The awards were given away by Rasheed Mohamed Al Maraj, Governor of the Central Bank of Bahrain.
12/06/2017
Islamic banks should embrace, not fear, disruption from fintech
As industry growth slows down, new technologies will lead the way
12/05/2017
Middle East Islamic banking to grow by 5% annually, says governor of Central Bank of Bahrain
Rate of growth has slowed from historic highs amid economic slowdown, says Rasheed Al Maraj
12/05/2017
Islamic funds, asset management sector poised for growth
The number of Islamic funds stood at 1,535, compared to 802 funds in 2008.
12/04/2017
Majority Of GCC Banks’ Ratings Outlook To Remain Stable
Muted GDP Growth And Higher Funding Costs To Continue To Put Pressure On Banks’ Lending And Revenue In 2018
12/04/2017
QIB Recognised At ‘Arab Best’ Awards 2017
QIB Receives Two Awards
12/04/2017
AL-Thiqa Islamic Bank Deploys ICS BANKS ISLAMIC System from ICSFS
ICSFS provides fully integrated universal, banking applications that deploys solutions and a range of professional services to automate and streamline banking services.