SEs and Mes: SBP Introduces Modaraba-based Refinance Scheme
The State Bank of Pakistan (SBP) has introduced a Modaraba-based Islamic refinance scheme for working capital financing of Small Enterprises and Low-End Medium Enterprises....
QCB to Harmonise Shariah Regulatory Framework in Qatar
The Qatar Central Bank (the "QCB") stated in its recent Financial Stability Review for 2018* that efforts were in place to harmonise the Shariah...
KFH Participates in the Hajj Awareness-Raising Campaign
Kuwait Finance House (KFH) participated in the Hajj awareness-raising campaign in collaboration with the Ministry of Health (MOH). KFH team gave a send-off to...
Islamic Finance Industry Shows Healthy, but Slightly Slower Growth
The global Islamic finance services industry grew further to a combined asset value of $2.19tn across all three sectors as of the first half...
New Fund to Promote Islamic Finance in UAE
Ajman University and Noor Bank have launched a Dh3.2 million ($870,000) waqf (endowment) initiative to promote the Islamic banking and finance industry in the...
Bank Nizwa Registers 64% Growth in Net Profit in Q2 2019
Muscat: Continuing to lead the Islamic finance sector in Oman, Bank Nizwa, reported OMR 4.3 million in net profit representing a 64% growth after...