Tag archives for Islamic Finance Program
AED 10mln from Dubai Islamic Bank for registered Zakat receipts
The bank has contributed with 10 million in 2020 and AED 15 million in 2018, which were allocated to uplift the social needs of eligible groups registered with the authority…
Interest-free loan scheme for tribal districts launched
The Khyber Pakhtunkhwa government has signed an agreement with Akhuwat Foundation to launch interest-free microfinance scheme for entrepreneurship development in the merged tribal districts. Under the scheme, small loans of…
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…
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…
Al Baraka Islamic Bank net profits rise
Al Baraka Islamic Bank (AIB) reported a net profit attributable to the shareholders of million ($ million) in the fourth quarter of 2020 compared to BD196,000 reported in the fourth…
OIC Approves Assistance For Projects In Jordan, Gabon, Nigeria, Ghana, Senegal And Somalia
Secretary-General of the Organization of Islamic Cooperation (OIC), Dr. Yousef A. Al-Othaimeen, has approved new financial assistance for social, development, educational and cultural projects in a number of OIC Member…
Egypt signs $1.1bn agreement with International Islamic Trade Finance Corporation
A worker gesturing for cars to move as others fill up a at a petrol station in Cairo, Egypt on June 29, 2017 January 14, 2021 at 7:00 am Egypt…
How Islamic Fintech Can Reduce Poverty and Unemployment in Nigeria – Abdul Majeed Muhammad
As Nigeria worries about the twin effects of poverty and unemployment, Islamic Fintech has seen it as an opportunity to provide solutions to these issues. Mr. AbdulMajeed Muhammad, Co-Founder Islamic…
Islamic Finance After COVID-19
The Islamic finance industry slowed down significantly in 2020 after experiencing a very strong 13% growth rate in ;Islamic financial institutions spent most of the year coping with the dual…
How Gulf countries compare globally for Islamic finance
Bahrain, the UAE and Saudi Arabia have ranked in the world’s top five Islamic finance economies, according to the latest annual Islamic Finance Development Indicator (IFDI). The kingdom, which has…