Author Archives: IMFN - Page 2
Islamic finance players’ crucial role in the digital economy
The Islamic finance industry can play a more significant role in the global digital economy by experimenting and employing new technology solutions, said Bank Islam Malaysia Bhd CEO Mohd Muazzam…
Building a world class Islamic fintech hub
In Qatar we are working toward putting into place an accommodative and supporting ecosystem for Islamic FinTechs to succeed within and beyond our borders. This ecosystem is dependent on four…
How Islamic Is Islamic banking in The Gambia?
Since its inception, Islamic finance has been soaring at remarkable growth (Shaikh, 2019). The Islamic banking (IB)industry was estimated to exceed 2 trillion dollars in assets as of 2019, and this…
Global takaful and re-takaful forum to be held in Ethiopia in association with the Ethiopian reinsurance
Dubai: AlHuda Centre of Islamic Banking and Economics has announced African Takaful and Re-Takaful Forum on March 18, 2021 in Addis Ababa-Ethiopia. This mega forum is in association with Ethiopian…
Islamic microfinance a key tool for financial inclusion, poverty alleviation – Prof Binta
It is no longer sufficient for only banking institutions to provide financing for micro, small and medium enterprises (MSME) and ultra-micro businesses. Collaborations between various financial institutions must be expanded…
MICROCAPITAL BRIEF: ADB Raises $20m Through Bond Issue in Kazakhstan to Support Otbasy Bank Housing Loans to Women, Mainly in Rural Areas
The Asian Development Bank (ADB), a Philippines-based multilateral institution, recently raised KZT billion (USD 20 million) through bond sales to institutional investors in Kazakhstan to finance loans by the Housing…
House financing facility: Eighteen, HBL enter into strategic partnership
The MoU was signed by Tarek Hamdy, CEO Eighteen (Elite Estates Pvt Limited) and Muhammad Afaq Khan, Head Islamic Banking HBL. Eighteen and HBL have entered into a strategic partnership…
Interest-free funding regulation may boost Turkey’s home sales
Turkish Parliament approved a regulation this week governing the interest-free funding market for housing, clearing the way for a possible boom in a system that has already drawn around 300,000…
HBL and Akhuwat ink strategic MoU to provide affordable housing to masses
HBL’s Islamic banking arm and Akhuwat have signed a Memorandum of Understanding (MoU) to roll out a programme that will provide Shariah-compliant housing finance facilities to applicants identified by Akhuwat.…
LMDF backs Yehu Microfinance
Luxembourg Microfinance and Development Fund (LMDF) advised by ADA has invested an undisclosed amount in Yehu Microfinance, a Kenyan microfinance institution (MFI). Yehu Microfinance is an incorporated, social impact microfinance…