Shariah scholars, bankers and business leaders have called for the promotion of Islamic banking by offering interest-free loans. They argue that Islamic banking has become unavoidable in the current ...

Zia Ijaz, President & CEO of Askari Bank, highlighted the significance of this milestone: “We are pleased to share that half ...

Forbes contributors publish independent expert analyses and insights. I cover real estate, economics and cost of living. Different Islamic scholars can have varying rulings on what is Sharia-compliant ...

The proposed Islamic Karachi Inter-bank Offered Rate (Kibor) can be introduced only when the proportion of Islamic banking in Pakistan reaches 40%, said a high official of an Islamic bank. At present, ...

The newly formed Sammilito Islamic Bank PLC is preparing to start refunding depositors of five troubled Islamic banks undergoing merger from Monday, Bangladesh Bank officials said.

The modern Islamic finance industry is young but evolving rapidly, serving a growing population of Muslims as well as non-Muslims. According to the Global Islamic Finance Markets Report 2019, the ...

Regulations published recently are widely seen as the country’s first comprehensive attempt to mainstream Shari’ah-compliant ...

Dubai Islamic Bank (DIB) created history in 1975 when it became the first modern commercial Islamic bank in the world. Since then the bank has led from the front, establishing itself as the undisputed ...

Islamic banking is banking based on Islamic law (Shariah). It follows from the Quran and the Sunnah, and other secondary sources of Islamic law such as opinions collectively agreed among Shariah ...

When Islamic banking was first developed in the 1970s in the Persian Gulf states, its customers were almost exclusively observant Muslims who wanted a banking system that complied with their religious ...

Saudi Arabia’s Islamic lender Al Rajhi Bank has opened books for its benchmark-sized US dollar Additional Tier 1 (AT1) social ...

Kuwait’s Boubyan Bank is aiming to become a leading Islamic bank in its home market and around the globe. Boubyan Vice-Chairman and Group CEO Adel Al-Majed discusses how the bank plans to meet this ...