Islamic Finance News: 1. Abu Dhabi Islamic Bank digitizes cross-border services with Progress Soft (FinTech Futures, Feb 22). 2. ADIB shareholders approve $680million dividend, up to $5billion Sukuk, ZAWYA, Feb 29). 3. OIC markets key players in the global Islamic Fintech space (Salaam Gateway, Feb 16). 4. SC and USM Launch Varsity Hackathon for Students to Nurture Islamic Fintech Talent (Fintech News Malaysia, Feb 28). 5. Zakat Fair 2024 begins in Dhaka (The Business Standard, March 01). 6. Zakat contributions: SECP issues new accounting standards for NPOs (Business Recorder, Feb 28). 7. Saudi: Al Rajhi Takaful’s net profit soars 353% YoY in 2023 (ZAWYA, Feb 29).
Islamic Economics Project’s Post
More Relevant Posts
-
In a groundbreaking partnership, ZLK Islamic Financial Services , Pakistan's top Shariah-compliant brokerage firm, has joined forces with Dubai Islamic Bank Pakistan Limited (DIBPL), a subsidiary of Dubai Islamic Bank UAE. This alliance, marked by a memorandum of understanding signed by DIBPL's CEO Junaid Ahmed and ZLK's Chairman Zahid Latif Khan, aims to broaden access to ethical, Riba-free investment opportunities. The collaboration will offer various Shariah-compliant financial products, including shares, Sukuk, and Murabaha Share Financing, highlighting both institutions' commitment to innovative Islamic banking solutions and promoting financial inclusion in Pakistan. ZLK Securities #IslamicFinance #ShariahCompliant #Investment #FinancialInclusion
-
-
In a groundbreaking partnership, ZLK Islamic Financial Services , Pakistan's top Shariah-compliant brokerage firm, has joined forces with Dubai Islamic Bank Pakistan Limited (DIBPL), a subsidiary of Dubai Islamic Bank UAE. This alliance, marked by a memorandum of understanding signed by DIBPL's CEO Junaid Ahmed and ZLK's Chairman Zahid Latif Khan, aims to broaden access to ethical, Riba-free investment opportunities. The collaboration will offer various Shariah-compliant financial products, including shares, Sukuk, and Murabaha Share Financing, highlighting both institutions' commitment to innovative Islamic banking solutions and promoting financial inclusion in Pakistan. ZLK Securities #IslamicFinance #ShariahCompliant #Investment #FinancialInclusion
-
-
The Saudi regulator announced initiatives to further grow the Kingdom’s Sukuk and capital markets, and in the Maldives, a university unveiled its upcoming Sukuk issuance. Malaysia’s ESG-focused digital exchange launched a Shariah compliant token while an Australian financial services group launched a fintech app. More highlights from the global Islamic finance space are in this week’s round-up. https://lnkd.in/g7GTT4u4 #REDmoney #IFN #IslamicFinance #Finance #IFNweeklyroundup #Fintech #Takaful #SukukMarket #SaudiCapitalMarket #ESGInvestments #ShariahCompliance #GlobalFinance #SustainableFinance #MaldivesSukuk #MalaysiaSukuk #IslamicUniversity #DigitalAssets #InvestmentNews #ShariahAdvisory #NewAppointments #GreenTech #FinancialRegulations
-
-
We, as DestekBank 's FI Team, I and Melike Yavas Gözüpek attended to Türkiye Katılım Bankaları Birliği 's and Moody's Ratings ' "Islamic Finance Briefing" which was held Albaraka Türk 's head office. Thanks to the panelists' discussion issues and presentations, we were updated about the recent Islamic Finance facilities with the updated data. #moodysratings #tkbb #albarakatürk #islamicfinance #sukuk #murabaha
-
-
Introducing UAE's first fractional sukuk platform....real-time buying / selling of sukuks with $1000 !
ADIB is proud to announce a major milestone in Islamic finance: we have become the first bank in the UAE to successfully test fractional Sukuks after receiving the initial approval from the Regulations Lab within the UAE government making Sukuk investing accessible to retail investors with a minimum investment of just $1,000! This innovative move has the potential to transform the way customers interact with Sukuk markets. Our dedication at ADIB is to offer innovative financial solutions that empower our customers. With fractional sukuks, we are opening up a new pathway to investing in this digital asset class, aligning with our #ADIB2035 vision to become the world’s most innovative Islamic bank. As part of our continued focus on innovation, we’re excited to bring more accessible, customer-centric investment options to the market, building on our partnership with FinTechs to enhance financial inclusion. And through this initiative, ADIB is enabling retail investors to tailor Sukuk portfolios with greater ease. Discover how ADIB’s fractional Sukuks could support your financial journey today. Learn more: https://lnkd.in/dDqSETJ8 #Sukuk #IslamicFinance #Innovation #Retail #ADIB
-
-
Group Chief Executive Officer @ ADIB - Abu Dhabi Islamic Bank | CFA Charterholder
I am pleased to announce ADIB’s latest product offering: the launch of the UAE's first global fractional Sukuk. This innovative solution significantly lowers the minimum subscription ticket from USD 200,000 to USD 1,000, making Sukuk investments accessible to a wider range of retail investors. By fractionalizing Sukuk, ADIB aligns with its #ADIB2035 vision to be the world's most innovative Islamic financial institution. We remain committed to driving innovation and empowering our customers to meet their financial goals. This latest offering underscores our dedication to providing cutting-edge financial solutions in a fully digitised manner. #ADIB2035 #Sukuk #IslamicFinance #Innovation #Retail #FinancialInclusion #DigitalTransformation
ADIB is proud to announce a major milestone in Islamic finance: we have become the first bank in the UAE to successfully test fractional Sukuks after receiving the initial approval from the Regulations Lab within the UAE government making Sukuk investing accessible to retail investors with a minimum investment of just $1,000! This innovative move has the potential to transform the way customers interact with Sukuk markets. Our dedication at ADIB is to offer innovative financial solutions that empower our customers. With fractional sukuks, we are opening up a new pathway to investing in this digital asset class, aligning with our #ADIB2035 vision to become the world’s most innovative Islamic bank. As part of our continued focus on innovation, we’re excited to bring more accessible, customer-centric investment options to the market, building on our partnership with FinTechs to enhance financial inclusion. And through this initiative, ADIB is enabling retail investors to tailor Sukuk portfolios with greater ease. Discover how ADIB’s fractional Sukuks could support your financial journey today. Learn more: https://lnkd.in/dDqSETJ8 #Sukuk #IslamicFinance #Innovation #Retail #ADIB
-
-
ADIB is proud to announce a major milestone in Islamic finance: we have become the first bank in the UAE to successfully test fractional Sukuks after receiving the initial approval from the Regulations Lab within the UAE government making Sukuk investing accessible to retail investors with a minimum investment of just $1,000! This innovative move has the potential to transform the way customers interact with Sukuk markets. Our dedication at ADIB is to offer innovative financial solutions that empower our customers. With fractional sukuks, we are opening up a new pathway to investing in this digital asset class, aligning with our #ADIB2035 vision to become the world’s most innovative Islamic bank. As part of our continued focus on innovation, we’re excited to bring more accessible, customer-centric investment options to the market, building on our partnership with FinTechs to enhance financial inclusion. And through this initiative, ADIB is enabling retail investors to tailor Sukuk portfolios with greater ease. Discover how ADIB’s fractional Sukuks could support your financial journey today. Learn more: https://lnkd.in/dDqSETJ8 #Sukuk #IslamicFinance #Innovation #Retail #ADIB
-
-
Strategic and results-driven Chief Technology Officer (CTO) with over two decades of distinguished global experience in the banking industry.
Proud to see ADIB leading the way in making Sukuk investments more accessible with our fractional Sukuk offering. This is not just a milestone in Islamic finance but a step toward democratizing access to digital assets as well. By opening up these opportunities, we’re supporting financial inclusion and bringing ADIB closer to its #ADIB2035 vision. Exciting times ahead for Islamic finance and digital asset innovation! #Sukuk #IslamicFinance #DigitalAssets #FinancialInclusion #Innovation #ADIB
ADIB is proud to announce a major milestone in Islamic finance: we have become the first bank in the UAE to successfully test fractional Sukuks after receiving the initial approval from the Regulations Lab within the UAE government making Sukuk investing accessible to retail investors with a minimum investment of just $1,000! This innovative move has the potential to transform the way customers interact with Sukuk markets. Our dedication at ADIB is to offer innovative financial solutions that empower our customers. With fractional sukuks, we are opening up a new pathway to investing in this digital asset class, aligning with our #ADIB2035 vision to become the world’s most innovative Islamic bank. As part of our continued focus on innovation, we’re excited to bring more accessible, customer-centric investment options to the market, building on our partnership with FinTechs to enhance financial inclusion. And through this initiative, ADIB is enabling retail investors to tailor Sukuk portfolios with greater ease. Discover how ADIB’s fractional Sukuks could support your financial journey today. Learn more: https://lnkd.in/dDqSETJ8 #Sukuk #IslamicFinance #Innovation #Retail #ADIB
-
-
Glad to see ADIB - Abu Dhabi Islamic Bank leading the way again in reshaping the future of Islamic finance. The world of finance is evolving rapidly, and one of the most exciting innovations is the rise of digital assets. By leveraging technology, these sukuk are breaking down the barriers to access new investment opportunities creating a more inclusive financial experience. #Financialinclusion #tokenized sukuk #Fintech #Innovation #DigitalAssets #islamic finance
ADIB is proud to announce a major milestone in Islamic finance: we have become the first bank in the UAE to successfully test fractional Sukuks after receiving the initial approval from the Regulations Lab within the UAE government making Sukuk investing accessible to retail investors with a minimum investment of just $1,000! This innovative move has the potential to transform the way customers interact with Sukuk markets. Our dedication at ADIB is to offer innovative financial solutions that empower our customers. With fractional sukuks, we are opening up a new pathway to investing in this digital asset class, aligning with our #ADIB2035 vision to become the world’s most innovative Islamic bank. As part of our continued focus on innovation, we’re excited to bring more accessible, customer-centric investment options to the market, building on our partnership with FinTechs to enhance financial inclusion. And through this initiative, ADIB is enabling retail investors to tailor Sukuk portfolios with greater ease. Discover how ADIB’s fractional Sukuks could support your financial journey today. Learn more: https://lnkd.in/dDqSETJ8 #Sukuk #IslamicFinance #Innovation #Retail #ADIB
-
-
Exciting developments in the Islamic FinTech sector! Qatar's Islamic FinTech market is projected to grow to $4 billion by 2027, reflecting the increasing integration of Shariah-compliant financial solutions with cutting-edge technology. This growth is not only promising for the Middle East but also aligns with the broader trend of digital transformation in finance. As SECDEX continues to innovate in financial market infrastructure, staying informed about these trends is essential for shaping the future of Islamic and digital finance. Read the full article to explore the key drivers behind this rapid growth and its implications for the global financial landscape. #IslamicFinTech #DigitalTransformation #FinTech #FinancialMarkets #SECDEX #Qatar #InnovationInFinance #IslamicFinance GMEX Group Hirander Misra
