The Outlook of Islamic Finance in 2025 Appears Promising
- 1 week 2 hours ago
- Islamic Finance
AlHuda Centre of Islamic Banking and Economics (CIBE) has projected a promising outlook for the Islamic finance industry in 2025, with assets anticipated to surpass the $5 trillion milestone. This forecast underscores the resilience and growing significance of the Islamic finance ecosystem amidst evolving global financial landscapes. Despite slower progress in Islamic microfinance over the last two to three years, 2025 is expected to mark a... more
QIB Partners With PayLater To Introduce Shari’a-Compliant BNPL Solutions In Qatar
- 1 month 23 hours ago
- Islamic Finance
Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has signed a Memorandum of Understanding (MoU) with PayLater, a Qatari fintech company specializing in Buy Now, Pay Later (BNPL) solutions. The partnership is set to deliver Shari’a-compliant BNPL services to customers and merchants in Qatar, providing flexible financing solutions that promote financial inclusion and support the growth of the nation’s digital economy.
Gatehouse Bank and ColCap UK Announce Home Finance Partnership
- 1 month 6 days ago
- Islamic Finance
Gatehouse Bank plc has today announced a new partnership with ColCap Financial UK Limited. The Bank offers Shariah-compliant ethical savings products for UK customers, as well as residential property finance in England and Wales for UK Residents, UK Expats and International homebuyers and landlords.
AlHuda CIBE Provides Shariah Certificate to Apex Takaful
- 1 month 1 week ago
- Islamic Finance
AlHuda CIBE has formally certified Apex Takaful, marking it as the inaugural Takaful operator in Uzbekistan. Apex Takaful has successfully launched a pioneering product that meets Shariah compliance requirements and has secured essential certification. The certification process conducted by AlHuda CIBE spanned one month, during which a thorough evaluation of Takaful contracts, operational agreements, and overall operational frameworks was... more
BCA Syariah Partners with Thought Machine to Modernise Islamic Finance in Indonesia
- 2 months 4 days ago
- Islamic Finance
BCA Syariah, a subsidiary of Bank Central Asia (BCA) that provides Islamic banking services, has adopted Thought Machine’s cloud-native core banking platform, Vault Core. This collaboration aims to redefine Islamic banking in Indonesia with innovative digital Sharia-compliant products and services.
Tuum Launches Foundations for Islamic Banking
- 2 months 2 weeks ago
- Islamic Finance
Tuum, the leading next-generation core banking provider, today announced the launch of its foundational Islamic Banking and Finance solutions, marking a significant milestone towards delivering comprehensive, Sharia-compliant financial services. This initiative focuses on the key principles of Islamic banking, laying the groundwork for a full end-to-end platform designed to support the needs of Islamic financial institutions.
Bybit Launches Shariah-Compliant Islamic Account for Muslim Crypto Traders
- 3 months 2 weeks ago
- Cryptocurrencies, Islamic Finance
Bybit has launched an Islamic Account designed for Shariah-compliant crypto trading, responding to the rising demand for Islamic finance solutions in the cryptocurrency market. The account, which was introduced on September 24, 2024, allows Muslim traders to engage in spot trading for 75 cryptocurrencies and utilize trading bots like DCA and Spot Grid Bot. Certified by ZICO Shariah and CryptoHalal, the account ensures compliance with Islamic... more
AlHuda CIBE: Mission to Strengthen Islamic Banking and Finance in West Africa
- 6 months 5 days ago
- Islamic Finance
AlHuda Centre of Islamic Banking and Economics (CIBE) top management visited the heart of Francophone markets Senegal, Ivory Coast, Mauritania and Guinea. The key objective of the visit was to analyze, evaluate and understanding about financial markets, adoptability and scope for Islamic Finance Industry.
AlHuda CIBE Established Talent Acquisition Platform to Bridge the Islamic Finance Industry's Skill Gap
- 7 months 1 week ago
- Islamic Finance
AlHuda CIBE UAE, a leading Islamic Finance Advisory, consultancy, research, capacity building, and Shariah services provider institution, today announced the establishment of a dedicated Talent Acquisition Platform. This initiative aims to address the growing demand for qualified and Shariah-compliant human resources within the global Islamic finance industry.
Tuum x DDCAP ETHOS Announce Partnership to Provide a Pre-Integrated Fintech Solution for the Islamic Financial Market
- 7 months 3 weeks ago
- Islamic Finance
Tuum, a leading next-generation core banking provider, and DDCAP Group™ (DDCAP) have partnered to offer a pre-integrated fintech solution to enhance the end-to-end trade execution and processing of Sharia-compliant transactions.
MYTM and AlHuda CIBE Partner to Drive Global Expansion of Islamic FinTech
- 8 months 1 week ago
- Islamic Finance
In a momentous step for the future of Islamic FinTech, MYTM, a leading Islamic FinTech company, and AlHuda Centre of Islamic Banking and Economics (CIBE), a globally recognized service provider in Islamic finance, have signed a Memorandum of Understanding (MoU) today. The signing ceremony was graced by Dr. Sohail Zafar Cheema, Chairman of MYTM and former Minister of Commerce & Investment, and Mr. Muhammad Zubair Mughal, Chief Executive... more
Islamic Banking and Finance is Emerging in CIS Countries
- 8 months 3 weeks ago
- Islamic Finance
Islamic banking and finance is experiencing a surge in popularity within the Commonwealth of Independent States (CIS) region, presenting a significant new market for financial services. This was highlighted by a recent visit to Uzbekistan, Kyrgyzstan, and Azerbaijan by Mr. Muhammad Zubair, CEO of AlHuda Centre of Islamic Banking and Economics (CIBE), UAE a leading Islamic finance advisory and consultancy firm.
85% of Gen Z Muslims Want to Try Islamic Banking: New Research Reveals
- 8 months 3 weeks ago
- Islamic Finance
Halal Car Finance Platform, Ayan Capital, Launches in the UK
- 9 months 2 weeks ago
- Islamic Finance
Ayan Capital, the Islamic car finance platform for business, private hire vehicles (PHV) and public carriage office (PCO) drivers in the UK, has officially launched. Based in London, Ayan Capital allows drivers across the UK to access business car financing that is fully compliant with Shariah principles.
Offa Selects finova’s Apprivo Origination Platform to Power its Sharia-compliant Finance Products
- 11 months 2 weeks ago
- Islamic Finance
The UK’s first Sharia-compliant bridge finance provider, Offa, has partnered with cloud-based mortgage and savings provider finova to develop an innovative end-to-end digital platform to support its growing portfolio of property finance products. Offa’s new origination platform will be delivered by finova and its implementation partner Hexaware in the first half of 2024.
