Middle East and North Africa

Middle East and North Africa

Validity of Cryptocurrencies in Islamic Finance

Unlike fiat money, a cryptocurrency is recognised only by members of a certain community or network who agree to regard it as something of...

Al-Nahedh: Financing Development Projects in Line with Kuwait Vision

  Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh emphasized the role of Islamic finance instruments in providing effective financing solutions,...

UAE-Caribbean $ 50 Million Renewable Energy Fund Projects Breaks Ground

The first three renewable energy projects under the US$50 million United Arab Emirates-Caribbean Renewable Energy Fund, UAE-CREF, have broken ground in the Bahamas, Barbados...

Deutsche Bank’s DWS to Acquire Stake in Dubai-Based Fintech Company

Deutsche Bank’s asset manager, DWS Group, has penned an agreement to acquire 15 percent of Dubai-based digital investment firm NEO Technologies, the companies announced....

IFC Extends $35m Islamic Financing to Engro Polymer

International Finance Corporation (IFC), a member of the World Bank Group, is providing a $35 million Sharia compliant financing package to Engro Polymer &...

Islamic Banking Industry Witnesses Rapid Growth

The global Islamic banking industry has witnessed a rapid growth with particular focus on implementation of Shariah compliance mechanism which will further strengthen the...