Islamic
Australia’s first Islamic bank to offer banking services compliant with Sharia Law in a new 2022 report
The Australian Prudential Regulation Authority (APRA) has officially authorized the first Australian Islamic bank to have...
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Kuwait Finance House to purchase Bahrain’s Ahli United Bank for USD 12 billion after years of hold up
Kuwait Finance House (KFH) has agreed to purchase Bahrain’s Ahli United Bank for about USD 11.6...
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DIFC unveils the region’s first Open Finance Lab in 2022
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and...
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Pakistan: SECP to unveil Takaful Technology in 2022
The Securities and Exchange Commission of Pakistan(SECP) officials notified the media regarding the new-fangled initiatives of...
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Indonesia Witnesses Big USD 3.25 Billion Sukuk Sale
Indonesia has accumulated USD 3.25 billion by selling the American Dollar-designated Islamic bonds for 5-year and...
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Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million
Al Salam Bank, headquartered in Bahrain, and a leading regional Islamic bank, posted a 7 percent...
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Al Salam acquires Ithmaar Bank for USD2.2 Billion to power Consumer Banking division
In a recent announcement, Bahrain’s Al Salam Bank stated that it had acquired Ithmaar Bank in...
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Bahrain Institute of Banking and Finance releases education-centric NFTs in resonance to the Bahrain Economic Vision 2030
The Bahrain Institute of Banking and Finance (BIBF), one of the pioneering entities for training and...
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Dubai: Mashreq Bank acquires stake in NymCard to boost cashless transactions during the COVID19 pandemic
Mashreq Bank, a Dubai creditor, controlled by the Al Ghurair family, stated that it took over...
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Qatar Islamic Bank declares new instant finance against a deposit in 2022
Qatar Islamic Bank (QIB) has declared that its ground-breaking new-fangled ‘instant finance against deposit’ feature, a...
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