Fonacier said, however, that while the Philippines has had an Islamic bank before this year, Al-Amanah Islamic bank, the PDIC coverage could not be included because there was no Islamic banking ...

While Islamic banking is expanding despite the governance problems of some lenders led by the controversial S Alam Group, Bangladesh Bank Governor Ahsan H Mansur recently signalled that the ...

In a global first, UAE-based Islamic bank ruya launches Shari’ah-compliant cryptocurrency investment services, enabling customers to buy and sell Bitcoin and other virtual assets through its mobile ...

There is no second opinion that 50 years of Islamic banking in the UAE reflects a remarkable journey characterised by growth, innovation, and resilience. The sector has not only enriched the ...

Bank of Khyber (BoK) has formally initiated its transition into a full-fledged Islamic bank, the bank shared the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday.

At present, there are three Islamic banking players in the country — Maybank Philippines, CARD Bank Inc., and Al Amanah Islamic Investment Bank. Islamic banking is based on the Shari’ah Principle, ...

A bank will not be able to do Islamic banking business along with conventional banking at the same time, according to the draft 'Islami Bank Company Act-2024', as the central bank looks to level ...

A statement issued by the DOF noted that the acquisition of the shares of the Al-Amanah bank by the Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) government would reduce the minimum ...

Eastern Bank PLC (EBL), leading private sector financial institution in Bangladesh has launched Shariah-based Islamic Banking services. Primarily, the services will be provided in 20 branches of the ...

So far, there are only two other financial institutions offering Islamic banking locally: the state-owned Al-Amanah Islamic Investment Bank of the Philippines and the Islamic banking unit of the ...

HSBC Amanah has reinforced its position as the leading Islamic banking institution in Malaysia this year with robust financial performance and innovative product launches. The bank secures is name as ...

Last year was a strong year for Islamic financial institutions [IFIs], with banks and their management capitalizing on investment in technology and digital capabilities to boost growth and gain ...