The Bank of Ghana’s recent engagement with stakeholders on the potential introduction of Islamic banking in Ghana is a very commendable initiative, as it seeks to clarify widespread misconceptions ...

Islamic banking is not a niche concept in Saudi Arabia. It is a central part of how the Kingdom’s financial system operates and grows. As the global conversation shifts toward ethical finance, ...

The modern Islamic finance industry is young but evolving rapidly, serving a growing population of Muslims as well as non-Muslims. According to the Global Islamic Finance Markets Report 2019, the ...

Imagine a bank that doesn’t charge interest, like a Ramadan dinner without bratwurst. That’s what KT Bank AG did in 2015, becoming Europe’s first Islamic bank. It’s located in Frankfurt, known for its ...

Despite the double shock of the COVID-19 pandemic and raging global inflation, momentum from the Islamic finance industry has stepped up – again. While GCC countries are the most important movers, ...

A leading Islamic bank in Kuwait renowned for innovation, Boubyan Bank is setting a digital standard for Islamic banking with its holistic, customer-centric ecosystem, says Abdullah Al Tuwaijri, Chief ...

MANAMA (Reuters) - Islamic banking is poised to burst from its hubs in Malaysia and the Gulf and spread into regions which until now were unlikely hosts for the sector, but the booming industry now ...

Fitch noted that Islamic banking assets grew at a faster pace than conventional banking, reinforcing the sector’s rising importance within Malaysia’s financial system. PETALING JAYA: Malaysia’s ...

Qatar International Islamic Bank is a commercial bank, which offers personal and corporate Islamic banking solutions. It operates through the following segments: Corporate Banking, Personal Banking, ...

The Federal Reserve took drastic measures in June to flatten the highest U.S. inflation rate in four decades by instituting a 0.75-percentage-point rate increase. This increase to the Fed's benchmark ...

The Islamic financing industry has witnessed renewed energy in the recent past. The signs of this new enthusiasm have been reflected in the UAE too, especially in Dubai's Islamic finance market, with ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This marks a major milestone following last year’s announcement of Tuum’s ...