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
FeaturedIslamic BankingCIMB Bank launches its first all-digital Islamic savings account in MalaysiaInternational Finance Business DeskAugust 6, 2021 by International Finance Business DeskAugust 6, 2021 The newly launched product is called OctoSavers Account-I... Read more
FeaturedIslamic BankingBoubyan Bank launches mobile-only Islamic bank in the UKInternational Finance Business DeskJuly 15, 2021 by International Finance Business DeskJuly 15, 2021 Nomo provides a mobile-first banking experience for the affluent, tech-savvy customers... Read more
FeaturedIslamic FinanceUAE Islamic banks record 5% increase in assets in 2020: Central BankInternational Finance Business DeskJune 21, 2021June 21, 2021 by International Finance Business DeskJune 21, 2021June 21, 2021 The investment represents around 19% of the total banking assets... Read more
FeaturedIslamic FinanceADIB launches digital platform for corporates in Iraq to meet growing business demandsInternational Finance Business DeskMay 20, 2021 by International Finance Business DeskMay 20, 2021 The bank wants to strengthen its presence in the Iraqi market by launching its digital platform titled ADIB Direct... Read more