Islamic banking poised to expand across South, Southeast Asia post-pandemic: Moody’s

Lahore Islamic banks in South and Southeast Asia have sufficient capital and liquidity to meet increased demand for financing as economies recover from pandemic, while...

Turkey’s Islamic finance assets to double in 5 years: Moody’s

Ankara Islamic banking assets, also known as participation banking assets, in Turkey will double over the next five years from around 7.2% of total banking...

Faysal Islami launches Pakistan’s first-ever shariah-compliant credit card alternative

Staff Reporter Karachi Faysal Bank Limited, Pakistan’s fastest-growing Islamic Bank, has launched ‘Noor’ Card – a Shariah-compliant alternative to conventional credit cards – powered by Mastercard This...


Aafaq Islamic finance introduces ‘Osool’ to empower emirati SME owners

UAE Aafaq Islamic Finance, the leading Islamic Finance Company for individuals and companies in the UAE, in partnership with Dubai SME, the agency of Dubai...

Abu Dhabi Islamic Bank posts strong recovery in H2

Abu Dhabi Abu Dhabi Islamic Bank (ADIB) said it has delivered strong recovery of 73 per cent growth in net profit in the second half...

BML to enhance support to Islamic Banking services

Male BML Islamic has observed a boost to their assets and finances as support grows for Islamic Banking options among Maldivian communities, Bank of Maldives (BML)...

DIB offers $2.5bn support to customers to navigate pandemic

  Dubai Dubai Islamic Bank has said it provided support worth nearly AED9 billion ($2.5 billion) to customers in retail and corporate during the coronavirus pandemic....

Emirates Islamic expands its Business Banking centre network to support SMEs

Dubai Emirates Islamic has expanded its Business Banking centre network to support small and medium enterprises (SMEs) by launching two new facilities in the heart...

UK Islamic finance 2021: Opportunities loom amid Brexit and pandemic gloom

London The United Kingdom’s economic uncertainty continues with the twin blows of Brexit and the havoc caused by the Covid-19 pandemic. Like their conventional peers, the...

Cambridge-IIF launches its flagship Global Islamic finance report 2020-21 in a global conference

London Cambridge Institute of Islamic Finance (Cambridge-IIF) launched the 11th annual edition of the Global Islamic Finance Report (GIFR). The launch ceremony was held virtually...

Compliance with Sharia principles crucial to improving ratings of assets: Bashar Al-Natoor

Abuja Compliance with Shariah-based finance principles and standardization of products are enablers to effective and seamless ratings of Islamic Finance assets globally. Mr. Bashar Al-Natoor Fitch...

Islamic Banking & Finance: Sindh HEC, IBA start online course

Karachi The Sindh HEC in collaboration with Centre for Excellence in Islamic Finance (IBA Karachi) has started one-month online course for the concerned faculty of...

Egyptian Parliament’s committee concludes changes to sovereign Sukuk Act

Cairo The Egyptian parliament’s economic committee completed the amendments to the sovereign sukuk law that determines the framework under which the country will issue sovereign...


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Saudi Arabia rejects US report accusing MBS of approving operation to...

JEDDAH – Saudi Arabia has rejected a US intelligence report that claims Saudi journalist Jamal Khashoggi was murdered on the nod of Kingdom’s Crown...



Gold rate in Pakistan on Saturday, 27 February 2021

  KARACHI - A single tola of 24-karat gold is being sold in Pakistan on Saturday, February 27,  2021, for Rs106,400 while 10 grams for...