News Regarding Islamic Finance

BRUNEI Darussalam, though a new participant in the world of Islamic finance, has become the second largest country in Asia in terms of total Islamic finance assets, after Iran. This…

Dubai - UAE: - Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), and the Dubai Islamic Economy Development Centre (DIEDC) received a delegation…

KUALA LUMPUR: Malayan Banking Bhd (Maybank) launched a pilot version of cashless mobile payment option using QR codes, called 'Maybank QRPay', making it the first bank to introduce such a…

KUALA LUMPUR: Bank Negara has reiterated its stand that bitcoin and its cryptocurrency siblings are not legal payment methods in Malaysia, as the central bank initiates a policy compelling digital…

The Sultan of Perak has called on Shariah scholars to embrace new technology in overall Islamic finance and to envisage how “fintech” might be harnessed to revolutionise zakat and waqf…

The Council of the Islamic Financial Services Board (IFSB) has given membership to eight organisations from across the globe including two from the UAE (Abu Dhabi Global Market and Tiybr…

The United Arab Emirates is working with Saudi Arabia's central bank to issue a digital currency that would be accepted in cross-border transactions between the two countries, UAE central bank governor Mubarak…

After two years of preparation, Trustbank Amanah is now ready to offer society Islamic Financing. The opening of Trustbank Amanah, the first Islamic Bank in Suriname and the region, took…

KUALA LUMPUR: Bursa Malaysia Bhd launched the world’s first Shariah-compliant alternative to the Securities Borrowing and Lending Negotiated Transaction (SBLNT) framework, called Islamic Securities Selling and Buying Negotiated Transaction (ISSBNT).…

MAYBANK Islamic Bhd is confident demand for its retail portfolio will grow well in Malaysia and it is poised to roll out more products next year as well. Chief executive…