Tag archives for Islamic Banking
AlHuda CIBE Strengthened Its Roots in Sierra Leone Financial Industry
Sierra Leone Market is the future potential market for Islamic Finance Industry in West Africa; Muhammad Zubair Mughal (June 27, 2022 (Dubai): AlHuda Centre of Islamic Banking and Economics diverted…
The ethical approach increases Islamic Finance worldwide
People have begun to realize the need for adopting an ethical approach to their finances and now understand the benefits of investing responsibly. KiwiSaver providers and investment firms have also…
International Islamic Financial Market to develop fresh standards
Bahrain - International Islamic Financial Market (IIFM), a Bahrain-based standard-setting body for Islamic finance, yesterday announced its intention to develop new standards for Sharia-compliant syndicated financing and new Islamic liquidity…
Aramco’s Wa’ed leads a $50m Series B Funding Round in Islamic Fintech Wahed
Saudi Aramco’s Entrepreneurship Center, Wa’ed, led a $50 million Series B funding round with participation from international footballer Paul Pogba in New York-based Islamic fintech Wahed. Wahed will use the fund to drive…
Aman for Microfinance launches first savings investment fund with total capacity of EGP 100 mln
The fund was established in partnership with Prime Investments-Asset Management as a saving fund targeting individuals who do not have bank accounts as well corporations. The fund provides a daily…
Muslim Women urged to strive for high leadership positions
Hajia Azara Abukari-Haroun, the Chief Executive Officer Zakat and Sadaqa Trust Fund of Ghana, has urged Muslim women to work hard and strive to attain the attributes of great Islamic…
Sovereign Fund of Egypt to cooperate with Islamic Development Bank in upcoming projects
The President of the Islamic Development Bank Group Mohamed Al-Jasser praised Egypt’s experience in establishing the Sovereign Fund of Egypt and its prospective role in investment, development and in attracting the private sector, pointing…
LLF collaboration and development assistance in the post-pandemic world
On the sidelines of the Islamic Development Bank’s Annual Meetings (“IsDB”) in Sharm el Sheikh on 1-4 June 2022, the Lives and Livelihoods Fund (“LLF or the Fund”) engaged with…
Afghan central bank to implement Islamic Banking System
Afghanistan’s central bank is planning to implement an “Islamic banking system”, IANS reported a spokesman as saying. Sabir Momand, the spokesman of Da Afghanistan Bank (DAB), however, did not elaborate…
Singapore’s Funding Societies expands financing offerings for MSMEs via Islamic FinTech facilities
Funding Societies, the Singapore-based small and medium-sized enterprise (SME) digital financing platform, on Wednesday introduced its Shariah-compliant trade financing solutions based on Commodity Murabahah (Tawarruq) for creditworthy and underserved Malaysian…