Pakistan has successfully raised more than Rs76 billion ($274 million) through a sovereign Islamic bond (Sukuk)…
Category: Islamic Banking & Finance
Australia’s First Islamic Bank Is Still Coming
Five years ago, we began a bold journey to build Australia’s first Islamic bank — a…
UAE’s Mal Secures Central Bank Approval to Launch AI-Powered Islamic Digital Bank
Abu Dhabi-based fintech startup Mal has received in-principle approval from the Central Bank of the UAE…
Russia Plans Wider Rollout of Islamic Banking as Demand Rises
Russia is preparing to expand its Islamic banking initiative as demand for Sharia-compliant financial services continues…
SECP Approves Five Brokers to Launch Islamic Brokerage Windows
The Securities and Exchange Commission of Pakistan (SECP) has approved five securities brokers to launch Islamic…
Telr and Geidea Partner to Strengthen Digital Payment Solutions Across the UAE
Dubai, UAE – Telr, a licensed Payments Acquirer regulated by the Central Bank of the UAE,…
Bangladesh urged to build stronger foundation before launching Islamic interbank market
Bangladesh Bank is set to launch an Islamic interbank money market by June 30 in an…
SBP Approves Islamic Banking Operations for Five Financial Institutions
The State Bank of Pakistan (SBP) has granted in-principle approval to five financial institutions to launch…
Meethaq Islamic Banking Assets Surpass RO2 Billion
Meethaq Islamic Banking, the Islamic banking arm of Bank Muscat, has recorded total assets exceeding RO2.08…
Emirates Islamic launches UAE’s first Shari’ah-compliant digital investment in gold and silver
Dubai, UAE – Emirates Islamic, a leading Islamic financial institution in the UAE, has introduced a…