Euromoney, a leading global benchmark for excellence in financial services, has recognised BankIslami as Pakistan’s Best Islamic Digital Bank. The ...

Islamic banking has been one of the financial industry’s great growth stories over the past few years. The Islamic (interest-free) model has encouraged innovation, both in terms of product offerings ...

When Islamic banking was first developed in the 1970s in the Persian Gulf states, its customers were almost exclusively observant Muslims who wanted a banking system that complied with their religious ...

The coverage can be a little bit breathless: “La finance Islamique en plein boom,” Le Figaro reported in September. Yes, Islamic banking, structured along the lines that religion decrees, is in full ...

Manama, The Bahrain Institute of Banking and Finance (BIBF) has signed a four-year training agreement with the Islamic Bank ...

Maybank Islamic Bhd has launched the Shariah-compliant Nadi Mastercard Credit Card-i, offering a fixed 14% profit rate, no ...

Alizz Islamic Bank concluded the First Shari’a Supervisory Summit for Islamic Banks, held under its ‘Manar Alizz’ Islamic ...

CIMB Islamic Bank Bhd has announced the upcoming launch of CIMB Lite-i, which aims to increase the accessibility of credit services to consumers for their daily expenses and short-term cash flow needs ...

Sovereign Islamic debt issuance by non-Muslim countries is set to hit a 3-year high in 2017 Islamic finance complies with Sharia, or Islamic law, which prohibits earning interest and bars funding ...

In the midst of mixed performances across Gulf markets, fueled by renewed U.S.-Iran hostilities and fluctuating oil prices, investors are navigating a complex landscape in the Middle East. In such an ...

THE roadmap for eliminating riba from Pakistan’s financial system from 2028 offers some clarity on how the government intends to implement the four-year-old Federal Shariat Court ruling. The policy ...

Islamic banking is banking based on Islamic law (Shariah). It follows from the Quran and the Sunnah, and other secondary sources of Islamic law such as opinions collectively agreed among Shariah ...