Islamic Fintech

Raqami Islamic Digital Bank Secures Commercial Licence from State Bank of Pakistan

Raqami Islamic Digital Bank Limited has officially received a Digital Retail Banking Licence from the State Bank of Pakistan (SBP), allowing the bank to begin full commercial operations. The licence…

Islamic Microfinance

Vision Bank Launches Platform-Led Islamic SME Trade Finance Unit in ADGM

Vision Bank has launched a new Shari’ah-compliant SME trade finance proposition in the Abu Dhabi Global Market (ADGM), aimed at addressing the working-capital and US dollar liquidity needs of businesses…

Northern Trust Asset Management Launches Shariah-Compliant Global Equity Index Strategy

Northern Trust Asset Management (NTAM) has launched a new Shariah-compliant global equity index strategy designed to meet the investment requirements of institutional investors across the Middle East, Southeast Asia, and…

Sukuk and Islamic Capital Market

RAM Ratings Reaffirms AA1 Rating for Ideal Water Resources’ Tranche 2 Sukuk

RAM Ratings has reaffirmed the AA1/Stable rating on the RM255 million Tranche 2 Sukuk (2025/2034) issued under Ideal Water Resources Sdn Bhd’s (IWR) RM1 billion Sukuk Murabahah Programme. The affirmation…

Islamic Finance

Islamic Finance in Italy: A Regulatory Vacuum Amidst Global Growth

How a €28 Billion Gulf Trade Partner Can Unlock a $6 Trillion Market By: Zubair Mughal, CEO – AlHuda CIBE, UAE Global Islamic finance is experiencing a remarkable growth phase,…

Pakistan’s Islamic Finance Strategy Gains Momentum, but Transition Remains Uneven

Pakistan’s government is accelerating efforts to transition the country’s financial system towards Shariah compliance, a move that could push the Islamic finance industry beyond USD 100 billion by 2027, according…