Archives for Islamic Finance
Islamic banking sector growth to continue despite Covid-19
Growth in Oman’s Islamic banking sector is likely to continue into 2021-2022 building on the strong momentum seen in 2020, despite the dual impacts of Covid-19 and lower oil prices,…
Islam Banking Growth
Covid-19 has cast a pall of recessionary gloom over the economy. The jolt of the pandemic forced many traditional businesses to completely rethink how they work and some even emerged…
Islamic banks take another 5% share of Pakistani conventional banks
Islamic banking industry’s assets and deposits have more than doubled during the last five years and it now has 17% share in assets and in deposits of the overall banking…
Pakistan reports 30% growth in Islamic banking assets
Pakistan has recorded a 30% growth in Islamic banking assets during the 2020 fiscal year. According to a report released by the State Bank of Pakistan on Wednesday, the overall…
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…
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…