Middle East and North Africa

Middle East and North Africa

Emirates Islamic’s Net Profits Reach $218.8m for First Nine Months of...

Emirates Islamic has reported a significant increase in net profits, reaching AED804 million ($218.8m) in the first nine months of 2021, driven by higher...

Bupa Arabia’s New LLC Opens Doors for New Islamic Insurtech Initiatives

The largest insurer in one of the world’s largest Shariah compliant insurance markets has secured a nod from the regulator to set up an...

Saudi Arabia Hosts Summit for Islamic Financial Innovation and Digital Transformation

The 15th Islamic Financial Services Board (IFSB) Summit in November will put the spotlight on ways to foster innovation, technological adoption, accessibility and sustainability...

Halal Trade Set to Resume Growth Trajectory

While the pandemic seemed at first to threaten shortened supply chains as Muslim-majority countries like others looked to secure domestic food supplies, a recovering...

Blockchain Start-Ups Raise Record $4.4 Billion in the Second Quarter

Funding for blockchain start-ups topped $4 billion for the first time in the second quarter, despite a sharp slump in cryptocurrency prices. Companies in the...

Islamic Development Bank Elects New President to Lead Institution

The Islamic Development Bank (IsDB), a multilateral development finance institution focused on Islamic finance, has elected a new president to lead the institution. Muhammed Sulaiman...