Recent

Islamic finance has the potential to onboard over a billion new customers through the use of technology, helping attain sustainable and long-term growth. (Shutterstock)
October 23, 2018 - 06:23 GMT
The Global Islamic & Sustainable FinTech Centre (GISFC) seeks to drive the Islamic and sustainability fintech development agenda focusing on providing expertise in Shari’ah compliant fintech.
The application of Shariah-compliant solutions in the fintech market is seen as an emerging area of Islamic finance. (Shutterstock)
October 21, 2018 - 08:07 GMT
The UAE is the fourth-largest hub globally for Islamic fintech with a total of 12 startups operating in this space. But the country's keen focus on startups and technologies will soon challenge the supremacy of the top three players.
In the statement, al-Jaida further said that Islamic banks in Qatar have encompassed the largest segment of the Islamic finance market, launching ambitious expansion plans abroad in recent years. (Shutterstock)
October 02, 2018 - 05:38 GMT
Islamic finance is “a significant growth area” for both the State of Qatar and the Qatar Financial Centre (QFC), according to QFC CEO Yousuf Mohamed al-Jaida, who also cited potential partnerships with Muslim countries, particularly in the Southeast Asian region.
The coins are listed on the firm’s exchange, Huulk, and future listings will focus on regional exchanges in Asia and the Middle East. (Shutterstock)
September 20, 2018 - 07:49 GMT
Dubai’s OneGram Group has listed a cryptocurrency it bills as Shari’ah-compliant on the company’s virtual exchange and is planning additional listings in coming months.
Blockchain technology can be used to build trust in Waqf management and to ensure accountability. (Shutterstock)
August 16, 2018 - 10:07 GMT
Dr Magda Mohsin, Associate Professor and Dr Aishath Muneeza, Associate Professor International Centre for Education in Islamic Finance (Inceif) write exclusively for Islamic Business & Finance about how crowdfunding and blockchain can aid Islamic finance.
The Islamic insurance sector continues to face secular challenges around relatively concentrated and undifferentiated business models and high expense ratios. (Shutterstock)
July 23, 2018 - 09:54 GMT
The Islamic insurance sector continues to face secular challenges around relatively concentrated and undifferentiated business models and high expense ratios.
Abu Dhabi Islamic Bank remains one of the most liquid banks in the UAE. (File/Photo)
July 16, 2018 - 13:11 GMT
Abu Dhabi Islamic Bank remains one of the most liquid banks in the UAE.
The UAE has expanded its role as one of the leading hubs for Islamic finance, an alternative way of banking and insurance based on Islamic law. (AFP)
May 28, 2018 - 07:58 GMT
Under a proposal by the IMF's executive board, guidance issued by the Malaysia-based Islamic Financial Services Board (IFSB) would be incorporated into IMF assessments to address the regulation and supervision of Islamic banks.