Islamic banking Archives

Featured Islamic Banking

Mobilink Bank launches Islamic banking subsidiary in Pakistan

WebAdminDecember 30, 2025

by WebAdminDecember 30, 2025

Mobilink Bank received its Islamic Banking licence from the State Bank of Pakistan in 2025 itself...

Featured Islamic Banking

Oman’s Islamic banking assets surge 17% to USD 22.3 billion in 2024

IFM CorrespondentMay 6, 2025

by IFM CorrespondentMay 6, 2025

According to CBO, the Islamic banking sector in Oman has been steadily growing, which is indicative of the growing demand for financial services that adhere to Shariah and its role in the nation's banking sector...

Featured Islamic Finance

S&P, FTSE reports bring cheers for UAE as Islamic Finance witnesses further growth

IFM CorrespondentNovember 5, 2024

by IFM CorrespondentNovember 5, 2024

Dr. Mohamed Damak stated that S&P expects the Islamic Finance sector to grow at a high single-digit rate through 2024 and 2025, fuelled by financing needs in key countries...

Exclusive Featured Islamic Banking

Our clients’ financial well-being is important: Absa Islamic Banking Head Shaheen Suliman

IFM CorrespondentOctober 1, 2024October 1, 2024

by IFM CorrespondentOctober 1, 2024October 1, 2024

Absa Islamic Banking was recently recognised as the 'Best Islamic Banking Window - South Africa' for 2024...

Featured Islamic Banking

Abu Dhabi Islamic Bank in talks to buy stake in Bank Syariah Indonesia

IFM CorrespondentApril 23, 2024

by IFM CorrespondentApril 23, 2024

While the ADIB shares ended down 5.7%, the value of BSI shares increased by up to 50.6% to 2,620 rupiah...

Featured Islamic Banking

Malaysia’s assent as Islamic Banking Powerhouse: Meet the ventures leading the charge

IFM CorrespondentApril 10, 2024

by IFM CorrespondentApril 10, 2024

In January 2024, Maybank Islamic Berhad launched the Shariah-compliant portfolio financing solution, thereby becoming the first Malaysia-based Islamic bank to do so...