BCA Syariah Partners with Thought Machine to Modernise Islamic Finance in Indonesia
- 2 weeks 2 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
- 1 month 3 days 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
- 1 month 4 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
- 4 months 2 weeks 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
- 5 months 2 weeks 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
- 6 months 3 days 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
- 6 months 2 weeks 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
- 7 months 3 days 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.
Halal Car Finance Platform, Ayan Capital, Launches in the UK
- 8 months 2 days 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
- 9 months 3 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.
IsDBI Begins Development of Islamic Finance Knowledge Pavilion Marketplace
- 10 months 3 weeks ago
- Islamic Finance
The Islamic Development Bank Institute (IsDBI) has kicked off the development of the pioneering Islamic Finance Knowledge Pavilion Marketplace. The Pavilion will provide a digital marketplace of validated solution providers (institutions, consultants, and experts) in Islamic finance and economic development, and offer a one-stop shop for listing opportunities and seamless digital experience in the matchmaking of suppliers and customers.
Islamic Finance is Growing Tremendously in Central Asia: Zubair Mughal
- 1 year 1 week ago
- Islamic Finance
Islamic Finance, guided by Shariah principles, is a values-driven approach to investment that promotes justice and prohibits unethical, speculative, and usurious practices. It plays a pivotal role in supporting the real economy and boosting the global financial system's resilience. Since the war of the Soviet Union and the emergence of new nation-states in 1991, the Muslim-majority republics of Central Asia have witnessed the introduction of... more
Islamic Finance Seems Promising in Canada
- 1 year 2 weeks ago
- Islamic Finance
Canada is witnessing an increasing interest in Islamic finance, particularly in areas like housing finance, mortgage finance, and takaful (Islamic insurance) products. Some small level Islamic finance institutions in the Canadian market are offering the financial services that adhere to Sharia principles.
Islamic Banking & Finance Assets Have Grown to USD 4 Trillion: Zubair Mughal
- 1 year 1 month ago
- Islamic Finance
In an era where ethical and sustainable finance is gaining prominence on the global stage, the Islamic banking and finance industry has emerged as an icon of responsible financial practices. It has emerged as an effective tool for financing development worldwide, including in non-Muslim countries. Major financial markets are increasingly recognizing the potential of Islamic finance to help address the challenges of ending extreme poverty and... more
