June 15, 2022

How are OIC markets, Islamic finance responding to growing youth demographic?

Younger consumers are driving changes in global markets with their distinct preferences and habits. In 2020, 40% of the world’s population was under 25, and 62% of the global......

February 8, 2022

ETFs to spur growth of Islamic finance assets to $4.94 trillion by 2025

Driven by a remarkable rise in the range of Islamic exchange-traded funds (ETFs), global Islamic finance assets are projected to reach $4.94 trillion in 2025. The surge in ETFs has......

December 19, 2021

AD Ports Group and Aqaba Development CorporationSign Multiple Agreements for Development of Tourism, Transport, Logistics and Digital Infrastructure

AD Ports Group, a leading facilitator of trade and logistics, has strengthened its regional footprint by signing a number of four strategic agreements and a Head of Terms Agreement......

December 13, 2021

UAE's Gulf Islamic Investments acquires US portfolio for $100mln

UAE-based Gulf Islamic Investments (GII) has acquired another property in the US for approximately $100 million. The Virginia-based Glen Forest Office......

December 6, 2021

Syria Participates in Islamic Financial Institutions Conference in Bahrain

Syria participated in the annual conference of the Accounting and Auditing Organization for Islamic Financial Institution in Bahrain, according to SANA. Syria participated in the......

November 22, 2021

Islamic banking closing gap with conventional in UAE: Emirates Islamic

Islamic banking products are becoming as popular as conventional products in the UAE, with 60 percent of those surveyed saying they are using an Islamic banking product, compared......

September 19, 2021

QIIB gets ‘Excellence Award’ from UK’s GIFA

The UK-based Global Islamic Finance Awards (GIFA) committee has bestowed ‘Excellence Award’ on Qatar International Islamic Bank (QIIB) for the best product in the corporate......

September 2, 2021

$50m financing for Benin community health project-

The Islamic Development Bank (IsDB) and the Government of Benin have signed a $50 million financing agreement for “Closing Gaps: Community Health, Human Resources, and Nutrition”......

August 25, 2021

IsDB and Organization of Islamic Cooperation aim to boost cooperation

JEDDAH: The president of the Islamic Development Bank, Dr. Mohammed Sulaiman Al-Jasser, on Monday received the secretary-general-elect of the Organization of Islamic Cooperation,......

July 29, 2021

Weaker demand and high competition to weigh on GCC takaful sector

Very intense competition and the weak performance of some key sectors such as travel, hospitality, and retail will likely weigh on growth prospects and earnings of Islamic (takaful)......