Islamic Microfinance Industry Surpasses $60 Billion, Paving the Way for Poverty Alleviation: Zubair Mughal
- 1 year 8 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 9 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 10 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 10 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 11 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 11 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 12 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
- 2 years 4 days 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.
AlHuda CIBE and Aman Academy Egypt will Collaborate to Advance Islamic Banking in Egypt
- 2 years 5 days ago
- Islamic Finance
Learning Partnership Agreement between Aman Academy and AlHuda Centre of Islamic Banking and Economics (CIBE) has been inked. The Agreement was signed by Mr. Muhammad Zubair Mughal, CEO of AlHuda-CIBE and Mr. Osama Hegazy, Talent Development Manager of Aman Academy Egypt.
Boubyan Bank Implementing MX.3 for Sharia-Compliant Treasury Activity Using MXGO
- 2 years 5 days ago
- Islamic Finance
Murex, the global leader in trading, risk and processing solutions for capital markets, is pleased to announce that Boubyan Bank, a leading Kuwait-based Islamic financial institution, is implementing MX.3 for Islamic Finance for its Sharia-compliant treasury activity using MXGO.
Paymentology Powers Nomo, The First Digital Sharia-Compliant International Bank
- 2 years 2 weeks ago
- Islamic Finance
Paymentology, the leading global issuer-processor, today announces a strategic partnership with Nomo Bank (Nomo), the world’s first fully digital Sharia-compliant cross-border bank.
Alif Records Over 121% Year-on-year Growth, User Numbers Rise to 1.5 Million
- 2 years 1 month ago
- Islamic Finance
Alif, a renowned Islamic fintech and neobank based in Central Asia, has recorded over 121% year-on-year growth. Operating as a fully licensed bank in Tajikistan and an e-commerce and fintech company in Uzbekistan, Alif’s total number of users has surpassed 1.5 million, with a 72% annual increase in customer numbers alone in 2022.
African Islamic Finance Awards Distribution Ceremony will be Held in the Gambia
- 2 years 1 month ago
- Islamic Finance
African Islamic Finance Awards distribution ceremony will be held along with 10th African Islamic Finance Summit which is scheduled on 3rd May 2023 in Sir Dawda Kairaba Jawara International Conference Center, The Gambia with the Theme, lets encourage the African Islamic Banking and Takaful Industry. AlHuda Centre of Islamic Banking and Economics (CIBE) is organizing Africa Islamic Finance Awards. Africa is the world’s second-largest and most... more
Gatehouse Bank Named UK’s Most Innovative and Best Islamic Bank
- 2 years 1 month ago
- Islamic Finance
Gatehouse Bank has been named the ‘Best Islamic Bank in the United Kingdom’ and the ‘Most Innovative Bank in the United Kingdom’. The Shariah-compliant challenger Bank was given the accolades by the international media group, Islamic Finance News (IFN), following a record number of votes in its most recent Best Banks Poll – Country, which honours outstanding Islamic banks in key financial markets.
