Discover the rapidly evolving world of Islamic finance this week on Couchonomics with Arjun ! We're diving deep into the realm of #Sharia compliant #banking, a sector that's been quietly establishing itself within the global financial world since its modern #inception in the 1960s. Did you know that Islamic finance assets have grown from just $200 billion in 2003 to an impressive $2.88 trillion by 2019? And the potential for growth in the #GCC region is massive. Join us as we welcome Christoph Koster , CEO of ruya , a digital-first Islamic community bank in the UAE. During our tête-à-tête we covered among other things: 🔅 How Ruya stands out in the UAE's competitive banking landscape 🔅 The bank's unwavering commitment to innovation, sustainability, and ethical practices 🔅 The unique blend of traditional Islamic principles with modern digital banking This isn't just another finance talk – it's a glimpse into a banking #evolution that has the potential to redefine how we think about money, community, and ethics in the #digital age. Don't miss this episode! Tune in this Monday morning on YouTube and all major podcasting platforms. It's time to discover how Islamic digital banking is not just bringing a whole new game to town – it's creating a whole new playbook which might be applicable to conventional banking too! Central Bank of The UAE #islamicbanking #digitalbanking #communitybanking #fintech #bnpl #payments #digitalassets #community
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🚨 𝐃𝐢𝐝 𝐲𝐨𝐮 𝐡𝐞𝐚𝐫? 🌊 Tide just made another big splash in fintech by acquiring SME payroll provider Onfolk! But that’s just the beginning! Keep up with the latest neobanking trends and check out our 𝐭𝐨𝐩 𝟓 𝐅𝐢𝐧𝐓𝐞𝐜𝐡 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐰𝐞𝐞𝐤. 🗞 Read more: https://lnkd.in/gUyiPDwE HSBC DOHA BANK & Nium PayQuicker Central Bank of Kenya #Fintech #HSBC #Neobanking #FinanceTrends #FinanceNews #Newshorts #Newsshortsvideo #News #Newstoday #Newsupdate #Newsheadlines #TechTrends #Shortvideo #DOHA BANK #Nium #PayQuicker #Qatar #ClientOnboarding #Merchants #Tokenization
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This clip is from once upon a time.. When a small bank dared to dream big. The bank was Kuwait Finance House-Bahrain and leading the bank was Abdulhakeem Alkhayyat. The only way forward was digital. Ask was to re-invent the bank’s business model, shaking the very foundation on which it was established decades earlier. All this had to be done with little margin for error and with limited budget. Year was 2018. In my first session with him he said something that became a life lesson for me. He said: Ashar, I know you know nothing about technology. But I have known you for 20 years. You understand how Islamic banks operate, and, I trust you. I know if you have skin in the game, you will make it happen. I also realize there will be times when you will fall, but I am absolutely clear that you will never let us fail. In the years following, Abdulhakeem led from front. I saw him galvanizing young with the experienced. I saw him inspiring confidence in the team. Creating leaders. Throughout this journey, he has been hands-on, trusting, willing to accept failed experiments, always pushing for excellence, super grounded, fact-driven, risk taker, rewarding performance, fair, and of course all the time raising the bar.. His team shined. The bank has led the market on all fronts…. CAC, ARPU, ROI, cost to build, cost to scale, … you name it. Not playing by the book, they created history. And today as Brand #Jazeel transforms into KFH-Bahrain, it has excited tens of thousands of its loyal customers with more than 125 fresh digital experiences. Its just wow! From creating a unified banking market for 35 million GCC nationals, to introducing instant finance, to helping you manage your money aligned to your financial values, to being Sharia compliant, the bank resonates so beautifully with its fast growing customer base in Bahrain and rest of GCC incl Saudi Arabia, Kuwait, UAE and Oman. Reminds me of another great leader who famously said: If you do not give up, you will win from the most incredible position. The fight is in the mind. Congratulations to Team Abdulhakeem Alkhayyat on this fantastic achievement. Aion Digital Spire Tech crediflo
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“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” ~ John Quincy Adams Our Group CEO, Ashar Nazim shares his thoughts while on a quick stroll down memory lane. #Bahrain #Jazeel #KFHBahrain #BankingSolutions #Banking #DigitalBanking #Fintech
This clip is from once upon a time.. When a small bank dared to dream big. The bank was Kuwait Finance House-Bahrain and leading the bank was Abdulhakeem Alkhayyat. The only way forward was digital. Ask was to re-invent the bank’s business model, shaking the very foundation on which it was established decades earlier. All this had to be done with little margin for error and with limited budget. Year was 2018. In my first session with him he said something that became a life lesson for me. He said: Ashar, I know you know nothing about technology. But I have known you for 20 years. You understand how Islamic banks operate, and, I trust you. I know if you have skin in the game, you will make it happen. I also realize there will be times when you will fall, but I am absolutely clear that you will never let us fail. In the years following, Abdulhakeem led from front. I saw him galvanizing young with the experienced. I saw him inspiring confidence in the team. Creating leaders. Throughout this journey, he has been hands-on, trusting, willing to accept failed experiments, always pushing for excellence, super grounded, fact-driven, risk taker, rewarding performance, fair, and of course all the time raising the bar.. His team shined. The bank has led the market on all fronts…. CAC, ARPU, ROI, cost to build, cost to scale, … you name it. Not playing by the book, they created history. And today as Brand #Jazeel transforms into KFH-Bahrain, it has excited tens of thousands of its loyal customers with more than 125 fresh digital experiences. Its just wow! From creating a unified banking market for 35 million GCC nationals, to introducing instant finance, to helping you manage your money aligned to your financial values, to being Sharia compliant, the bank resonates so beautifully with its fast growing customer base in Bahrain and rest of GCC incl Saudi Arabia, Kuwait, UAE and Oman. Reminds me of another great leader who famously said: If you do not give up, you will win from the most incredible position. The fight is in the mind. Congratulations to Team Abdulhakeem Alkhayyat on this fantastic achievement. Aion Digital Spire Tech crediflo
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INABLR Middle East W.L.L (INABLR) successfully graduates from the Central Bank of Bahrain’s (CBB) Regulatory Sandbox, showcasing a groundbreaking Proof of Concept (POC) for fractionalized Sukuk (Islamic Bonds). INABLR is poised to revolutionize retail Sukuk investments globally with an aim to establish itself as the premier platform for fractional Sukuk investments, ushering in a new era of accessibility and transparency in Islamic finance. This achievement underscores INABLR’s commitment to innovation and collaboration, as we continue to push boundaries and drive positive change in the industry. We would like to extend a special thanks to the CBB’s Fintech & Innovation Team for its proactive approach, consistent feedback, and insights over the years, without which this milestone wouldn’t have been possible. #Sukuk #Islamicfinance #fintech #innovation #weareinablr #tokenization #rwa
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We look forward to welcoming you. 🙂🤝 #Fintech2024 #banking #IslamicBanking #futureofbanking #financialtechnology #bankingandfinance #Riyadh #SaudiArabia #finance #futureoffinance #fintech #financialsummit2024 #financialregulation #Fintech #FFS #TheFinancial #bankingtechnology
Why is the Islamic banking sector in Saudi Arabia evolving? The Fintech Future Summit 2024, taking place in Riyadh on June 4, will reveal all the secrets behind Islamic banking in Saudi Arabia. By attending the summit, you will be able to: -Explore the role and development of Sharia-compliant fintech products and services. -The role of regulatory bodies in ensuring compliance with Shariah principles and the challenges. -How is Islamic fintech promoting financial inclusion in Saudi Arabia? Don't miss this chance to get all your questions answered. The Fintech Future Summit, Riyadh, will provide comprehensive insights into the evolving landscape of Islamic banking in Saudi Arabia. Secure your spot today! Register now through the link below. https://zurl.co/zvtK #TheFinancial #FintechFutureSummit2024 #FFS24 #SaudiArabia #Riyadh #Banking #IslamicBanking
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On the sidelines of Seamless Middle East & Saudi Arabia, we caught up with Faris Alhoshan, Head of Digital Banking, Arab National Bank, who shared insights into the bank's latest initiatives in the Kingdom and how it is supporting Saudi Arabia's Vision 2030: https://lnkd.in/eikYFuzc #banking #digitalbanking #finance #fintech #innovation #ksa #saudiarabia #vision2030
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[WATCH]: Nigeria's banking sector has seen remarkable growth over the past years, with the NGX banking index surging by 114.89% in 2023 alone. Despite fintech challenges and regulatory hurdles, banks have shown resilience, maintaining market capitalization and revenue growth. What's more, the rise of female executives as MDs and CEOs is reshaping the sector's leadership landscape. Kikelomo Shodeko, a risk consultant, joined us on #BusinessEdge to talk more about this transformative trend. https://lnkd.in/ddwtVfQe
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This week on #CouchonomicsWithArjun, we get to explore Islamic community banks, which are not as universally understood in this part of the world as they are in Europe or the USA. Joining us on the couch to dive deeper into this topic, Christoph Koster the CEO of ruya the digital-first Islamic community bank in the UAE. Together, we discuss how they are shaping the GCC region. We also discuss the unique positioning of ruya in the competitive UAE banking market and its commitment to innovation, sustainability, and ethical practices. Tune in to learn how ruya is redefining Islamic digital banking with an ethical and community-focused approach! This episode is coming tomorrow morning on YouTube and all podcasting platforms! #DigitalBanking #IslamicBanking #Sustainability #CommunityBanking #couchonomics #islamicFinance #OpenBanking #Innovation #Banking #digitalbanks
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Emirates Islamic (EI) has cemented its position as a leading global name in Shariah banking, having won the IFN Best Overall Islamic Bank award for 2023 as voted by the industry in the most competitive iteration of the IFN Best Bank Poll. Over 28,000 votes were cast in the IFN Best Banks Poll 2023, out of which 21,908 were verified for final count, placing winners to nine global categories and across 21 countries. Unlike the country categories which are open only to domestic players and stakeholders, the global categories are open to the local and international practitioners, making the Best Overall Islamic Bank category the most coveted and competitive. https://lnkd.in/gpEyRT_N #REDmoney #IFN #IslamicFinance #Finance #Sukuk #ShariahBanking #InnovationInBanking #DigitalBanking #Fintech #IFNAwards #IFNBestOverallIslamicBank #IFNBestBankPoll #BankingAward #UAEFinance #SustainableFinance #NetZero2050 #EmiratesIslamic
IFN - Daily Cover Story: Emirates Islamic takes home Best Overall Islamic Bank crown at IFN Awards 2023
islamicfinancenews.com
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Aion named the 'Best Islamic Digital Solutions Provider' at the 14th Annual Global Islamic Finance Awards and Global Islamic Finance Summit 2024. In 2024, Aion championed the buildout of the first cloud-based, Islamic, digital, commercial bank in Abu Dhabi. Yet again, delivered in record time and at surprisingly low-capex. For the world’s leading Islamic bank, Digital Consumer Banking and Digital Business Banking - powered by Aion - continues to be a roaring success. Unique Ai-driven Digital Products stole the limelight, enabling banks to significantly improve their top line revenues as well as profitability. In Saudi, Aion is working closely with banks and payment companies to shape embedded finance business, connecting banks & fintechs to scale digital solutions faster. Aion’s SME platform is a game-changer. Enabling fintechs and finance companies to scale small & micro financing at record speed, with high operational efficiency and with lower default rates. Revolutionizing the credit ecosystem in Saudi Arabia, Aion is playing a central role working closely with SIMAH and multiple financial brands to improve digital adoption and financial inclusion. The list is on-going. Aion’s inspiration is a passionate team, the trust of our partner clients, and a relentless effort to make an impact for the financial services industry. Alhamdullilah, and a huge thank you to our financial institution partners for their faith in Aion Digital. #GIFA2024 #IslamicFinance #GlobalSummit #FinancialInnovation #IslamicFinance #Fintech #IslamicBanking #Sustainability #SustainabilityInFinance #FinancialInclusion #Innovation #Technology #Finance #AionDigital #Crediflo #Banking #FintechFuture #BankingSolution #AionSolutions #BankingFeatures
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CEO Co-Founder | Takadao, on a mission to empower communities to achieve financial freedom for all via community-based finance and insurance.
5moLooking forward to hear more Arjun Vir Singh and Christoph Koster