ExclusiveFeaturedIslamic BankingOur clients’ financial well-being is important: Absa Islamic Banking Head Shaheen SulimanIFM 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... Read more
FeaturedIslamic BankingAbu Dhabi Islamic Bank in talks to buy stake in Bank Syariah IndonesiaIFM 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... Read more
FeaturedIslamic BankingMalaysia’s assent as Islamic Banking Powerhouse: Meet the ventures leading the chargeIFM 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... Read more
Banking and FinanceMagazineIslamic Finance: Pioneering Ethical BankingIFM CorrespondentDecember 29, 2023January 8, 2024 by IFM CorrespondentDecember 29, 2023January 8, 2024 Ethical banking and Islamic finance acknowledge the value of interacting with stakeholders, such as clients, investors, and the community... Read more
FeaturedIslamic BankingGulf countries to drive Islamic banking to USD 4 trillion growth: ReportIFM CorrespondentNovember 30, 2023November 30, 2023 by IFM CorrespondentNovember 30, 2023November 30, 2023 The primary obstacles to the digitalisation of Islamic banking and Islamic fintech are related to the general ignorance of Islamic products... Read more
Banking and FinanceFeaturedIslamic banking in Africa: Regulatory obstacles but a lot to gainInternational Finance Business DeskOctober 18, 2022 by International Finance Business DeskOctober 18, 2022 Persistent obstacles will limit the growth of Islamic banking during the next 12 to 18 months... Read more
BankingFeaturedMalaysia based Al Rajhi Bank selects Thought Machine for digital banking projectIFM CorrespondentJanuary 25, 2022 by IFM CorrespondentJanuary 25, 2022 Thought Machine’s core banking engine Vault will provide the backbone for the new digital offering... Read more
FeaturedIslamic FinanceCapBay nets $7 mn to grow its Shariah-compliant supply chain finance armIFM CorrespondentDecember 20, 2021 by IFM CorrespondentDecember 20, 2021 The funding round was led by Kenanga Capital Islamic, a subsidiary of Kenanga Investment Bank... Read more
FeaturedIslamic BankingNational Bank of Fujairah launches electronic trading platform NBFXIFM CorrespondentSeptember 20, 2021 by IFM CorrespondentSeptember 20, 2021 NBFX is available for both conventional and Shariah-compliant banking customers... Read more
FeaturedIslamic BankingSharjah Islamic Bank launches its new SIB digital accountInternational Finance Business DeskAugust 17, 2021August 18, 2021 by International Finance Business DeskAugust 17, 2021August 18, 2021 Sharjah Islamic Bank launches its new SIB digital account... Read more