UAE’s digital-first Islamic bank ruya announced enabling customers to buy and sell cryptocurrencies such as Bitcoin directly through its mobile app. The new service is offered in partnership with Fuze ...

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 ...

a subsidiary of the Saudi National Bank of the Kingdom of Saudi Arabia, has announced plans to convert from a conventional to an Islamic bank. The bank disclosed the development in its notice to ...

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, ...

According to the latest Bangladesh Bank Quarterly Report on Islamic Banking, total deposits in the Islamic banking system reached BDT 4,394.65 billion at the end of March 2024, reflecting a ...

The Bangsamoro government plans to buy 80 percent of Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP) from the Development Bank of the Philippines (DBP), citing its goal to promote ...

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) launched a new financial service named "Shariah-based Islamic Banking Services". Primarily, the services will be provided in 20 branches of the bank across the country ...

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 ...