5th Global Takaful and Re-Takaful Forum will be hosted in Addis Ababa, Ethiopia
- 1 year 1 month ago
- Islamic Finance
5th Edition of Global Takaful and Re-takaful forum has been rescheduled to 23rd November 2023 in Addis Ababa, Ethiopia. The objective of this conference is to create awareness about takaful and its significance for the risk management of human life and financial institutions through Shariah legitimate modes. Takaful is a very important pillar for the development Islamic finance industry. AlHuda CIBE is playing an active role for the growth of... more
AlHuda CIBE is Committed to Strengthen the Islamic Finance Industry in Zimbabwe
- 1 year 2 months ago
- Islamic Finance
AlHuda Center of Islamic Banking & Economics (CIBE) and the Zimbabwe Association of Microfinance Institutions (ZAMFI) are pleased to announce their collaboration in hosting a specialized two-day training workshop on "Islamic Banking, Finance & Islamic Microfinance." The training is scheduled to take place on October 10th and 11th 2023, in Harare, Zimbabwe.
iDenfy Partners with Kestrl to Increase Conversions Through Automated KYC and PoA Checks
- 1 year 2 months ago
- Islamic Finance
iDenfy, a global RegTech startup offering AI-based identity verification and fraud prevention tools, announced partnering with Kestrl, a UK-based fintech company specializing in Islamic finance, empowering Muslims to build wealth in accordance with their faith principles. iDenfy’s ID verification, AML screening and PoA verification tools will help Kestrl stay compliant while ensuring efficient and simple customer onboarding.
AlHuda CIBE Continues its Commitment to Excellence in Islamic Finance FinTech Services
- 1 year 2 months ago
- Islamic Finance
The global FinTech landscape has witnessed significant growth and transformation. Investments in FinTech have been on the rise, with substantial venture capital funding contributing to the sector's expansion. Startups in the FinTech space have proliferated, many of them achieving unicorn status, reflecting the sector's attractiveness to investors. Digital payments have surged in popularity, with mobile payment apps and contactless transactions... more
1 in 3 UK Adults Now Focused on Savings Despite Over 13.7 Million Having Less Than £1,000 in the Bank, Finds Gatehouse Bank
- 1 year 2 months ago
- Islamic Finance
Gatehouse Bank, the Shariah-compliant challenger bank, has today released new research demonstrating that the UK’s money mindset is shifting towards saving. The research looked at UK adults’ attitudes to money, assessing the key factors that influence them, why they look to save or spend their money and what might cause a shift in this mindset.
ila Bank’s ‘alburaq' Offers a New Islamic Banking Experience in Bahrain
- 1 year 2 months ago
- Islamic Finance
Bank ABC’s commitment to digital disruption remains resolute, as its retail arm ila Bank successfully launched Bahrain’s exclusively digital, Shari’a-compliant banking offering for individual customers - ‘alburaq.’ Introduced in May 2023, this new Islamic banking experience from ila Bank brings customers a host of intuitive Shari’a compliant banking products and services at their fingertips through ila’s multi-faceted, state-of-the-art mobile... more
Islamic Microfinance Industry Surpasses $60 Billion, Paving the Way for Poverty Alleviation: Zubair Mughal
- 1 year 2 months ago
- Islamic Finance
The global Islamic microfinance industry has reached a significant milestone, surpassing $60 billion in value within the $3.8 trillion Islamic finance landscape. This achievement highlights the growing recognition of Islamic microfinance as a potent tool for poverty alleviation. The industry's potential to bridge financial gaps while adhering to Shariah principles positions it as a viable alternative for fostering financial inclusion and... more
AlHuda CIBE Hosted an Exposure Visit for National Bank of Ethiopia in Malaysia
- 1 year 3 months ago
- Islamic Finance
AlHuda Centre of Islamic Banking and Economics (CIBE) a consultancy and advisory company for the development of Islamic finance industry with continuation of its legacy hosted an exposure visit of the Executive Management of National Bank of Ethiopia in Malaysia. It was the combination of Executive Training for the Regulators and exposure of practices in a well-established market.
AlHuda CIBE and FDO Signed an Agreement to Set Up Islamic Microfinance Window Operation
- 1 year 4 months ago
- Islamic Finance
AlHuda Centre of Islamic Banking and Economics (CIBE) and Farmers Development Organization (FDO) have signed an agreement to establish an Islamic microfinance window operation. The agreement was signed by Mr. Muhammad Zubair, CEO of AlHuda CIBE and Mr. Ghulam Mustafa, CEO of FDO. The Islamic microfinance window will provide financial services to low-income and marginalized communities in Pakistan.
Azentio Secures Top Position Across Multiple Categories in the IBSi Sales League Table 2023
- 1 year 4 months ago
- Islamic Finance
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, has announced that it has achieved top positions in multiple categories in the exclusive Leadership Club of IBS Intelligence (IBSi) Sales League Table (SLT) 2023, the globally acknowledged annual performance barometer for measuring technology supplier performance.
AlHuda CIBE is Devoted for the Development of Islamic Finance in Zambia
- 1 year 5 months ago
- Islamic Finance
Zambia the south-Central African Country is ready to embrace the concept of Islamic Finance. Islamic Finance Industry potential is increasing day-by-day not only in Muslim-dominated markets, although in non-Muslim markets. It is a positive gesture towards the growth of Islamic finance industry in Africa. The Market Penetration for Islamic Finance is more in East and West Africa, then in Central Africa. In south part of Africa South Africa was... more
Azentio Software’s iMAL is Now Live at Rammis Bank, Ethiopia
- 1 year 6 months ago
- Islamic Finance
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that the latest version of its Islamic banking solution - iMAL, has gone live at Rammis Bank, a newly launched financial institution in Ethiopia specializing in Sharia-compliant products and services.
ila Bank Launches ‘alburaq' – a New Islamic Banking Experience in Bahrain
- 1 year 6 months ago
- Islamic Finance
Bank ABC’s commitment to digital disruption remains resolute, as its retail arm ila Bank has launched Bahrain’s exclusively digital, Shari’a-compliant banking offering for individual customers - ‘alburaq.’ This Islamic banking experience from ila Bank brings customers a host of intuitive Islamic banking products and services at their fingertips, through ila’ state-of-the-art mobile app.
Abhi Becomes MENAP’s First Fintech to Issue Islamic Bonds
- 1 year 6 months ago
- Fundraising News, Islamic Finance
ABHI, a growing embedded finance platform in the MENAP region, announces it has made history by issuing Islamic bonds worth PKR 2 billion (US$7.1 million). The bond issue is a significant milestone for both ABHI, and the region, as no other Fintech in the region has successfully achieved this before.
