Islamic Finance

Gatehouse Bank Receives Investment Grade Rating from Moody’s Investor Service

3 years 11 months ago
Islamic Finance

Credit rating agency, Moody’s Investor Service, has today assigned Gatehouse Bank an investment grade credit rating of Baa3 BCA with a long-term stable outlook.

Al Sanam Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS

3 years 11 months ago
Islamic Finance

Al Sanam Islamic bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

DFSA Takes Action to Protect the Integrity of Islamic Finance

4 years 2 weeks ago
Islamic Finance

The Dubai Financial Services Authority (DFSA) withdrew the Authorised Individual status and imposed a restriction on Trevor Conway, a Senior Executive Officer at a DFSA-authorised firm (Firm), following an investigation into his conduct in relation to the Firm’s Commodity Murabaha Broking Desk (the Desk).

Banque Populaire de Mauritanie Takes Islamic Banking to the Next Level with the Successful Go-live of Azentio’s iMAL Version R14.5

4 years 2 weeks ago
Islamic Finance

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that Banque Populaire de Mauritanie (BPM), one of the largest financial institutions (FIs) in Mauritania, has gone live with the R14.5 version of iMAL, Azentio’s Core Banking Platform, to meet the multiple technology requirements imperative for its planned business gr

Al Rajhi Bank Jordan Opts for ICS BANKS Business Suite from ICS Financial Systems

4 years 3 months ago
Banking, Islamic Finance

Amman, Jordan:

Wahed Adds Islamic Mutual Funds Veteran to Team

4 years 3 months ago
Fund Management, Islamic Finance

Haitham Al-Sayed joins Wahed as its new Global Head of Institutional Sales and Advisory Services

ITS is Driven to See its Clients Succeed at Islamic Finance the 8th African Islamic Finance Summit

4 years 3 months ago
Islamic Finance

ITS is driven to see its clients succeed in Islamic finance, increase their returns and optimize cost control. With this in mind, ITS is delighted to exclusively sponsor the African Islamic Finance Summit on March 23, 2022, in The Gambia and to have the opportunity to meet many of its clients, partners, and potential customers.

International Islamic Trade Finance Corporation Signs US$ 1.2 billion Annual Plan for 2022 in favor of the Islamic Republic of Pakistan

4 years 4 months ago
Islamic Finance

The Annual Plan will provide Integrated Trade Solutions to support Pakistan’s energy and agriculture sectors for sustained economic growth

AlHuda CIBE signed a MoU to establish for Takaful Company in Tajikistan

4 years 5 months ago
Banking, Islamic Finance

AlHuda CIBE and Tawhid Bank signed an agreement to set up first Shariah Based Insurance (Takaful) company in Tajikistan AlHuda CIBE UAE and Tawhid Bank Tajikistan signed an agreement to set-up the first Takaful Company in Tajikistan. It is the first Shariah legitimate solution to Tajikistan's insurance industry. The MoU signing ceremony was held Dubai - UAE.

UR Islamic Bank Goes Live on ICS BANKS Islamic Banking Solution from ICSFS

4 years 5 months ago
Banking, Islamic Finance

Baghdad, Iraq: UR Islamic bank for Investment, a privately-owned bank in Iraq, has successfully gone live on ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

AlHuda CIBE UAE and Philippine Economic Zone Authority Signed MoU

4 years 6 months ago
Islamic Finance

AlHuda CIBE FZ LLE UAE & Philippine Economic Zone Authority will work together for the development of Islamic banking and finance in Philippines AlHuda Centre of Islamic Banking and Economics (AlHuda-CIBE) and Philippine Economic Zone Authority (PEZA) have signed a MoU in Dubai- UAE. The MoU was signed by Mr. Muhammad Zubair Mughal, CEO, AlHuda-CIBE and Hon BGen Charito B. Plaza, Director General (Deputy Minister), PEZA, Philippines.

Path Solutions Is Announced Winner in 3 Categories for the 2021 Fintech Prize

4 years 7 months ago
Islamic Finance

We are delighted to announce that Path Solutions was ranked highly and named a winner in three categories among top firms worldwide at the recently held Fintech Prize 2021 on December 1st via a virtual ceremony over YouTube: - Path Solutions was named Best Islamic Fintech Solution Provider Of The Year, for second time in a row. - IFIN Services, a joint venture between IFAAS and Path Solutions was selected Islamic Fintech Startup Of The Year.

IFIN wins first prize in EFICA Awards 2021

4 years 7 months ago
Islamic Finance

IFIN (“Islamic Finance Initiation Network”) the first of its kind fintech, stands out with its state-of-the-art solutions for the Islamic finance industry and wins the Ethical Finance Initiative Award at the annual EFICA Awards 2021 held on Wednesday 24 November at JW Marriot Marquis, Dubai and organized by Abu Dhabi Islamic Bank (“ADIB”), a leading Arab financial institution, and Refinitiv, a London Stock Exchange Group business.

10th Global Islamic Microfinance Forum to be held in Dubai-United Arab Emirates Accelerating the Poverty Reduction in the World

4 years 7 months ago
Banking, Islamic Finance

10th Global Islamic Microfinance Forum (GIMF) will convoke in Dubai -United Arab Emirates on 12th-14th December, 2021 under the theme of “Evidence of Impact and Financial Inclusion” to explore and discuss innovative financial inclusion strategies that can create clear pathways to poverty alleviation. This Apex event is organized by AlHuda CIBE and Sponsored by Islamic Corporation for the Development of the Private Sector- ICD.