Fixed rates, home loans, mortgages — banking concepts like these are almost nonexistent in my day-to-day dialogue as a Bates College student. But soon this will all change. When I graduate, I’ll ...

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 ...

The Islamic financial system is a unique financial system that is founded on Quranic injunctions that support cooperation, helping one another according to principles of goodness and piety-not to ...

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 ...

Despite the double shock of the COVID-19 pandemic and raging global inflation, momentum from the Islamic finance industry has stepped up – again. While GCC countries are the most important movers, ...

Many of Tajikistan’s traditional banks are wobbling due to years of chronic mismanagement. Their troubles are creating a space for up-and-coming Islamic lenders to flourish. In 2014, the same year ...

A Nigerian Islamic group has threatened that Muslims will go to war if there is opposition to the proposed Islamic banking concept, which it wants introduced in the country. Datti Ahmed of Nigerian ...

The global Islamic finance market was estimated at almost US$8 billion in 2024 with projections indicating it will surpass ...

The news that His Excellency John Dramani Mahama and the current administration are exploring the idea of Islamic banking is both timely and welcome. This article seeks to clarify a common ...

KUALA LUMPUR, March 1 (Reuters) - Malaysia's Affin Islamic Bank is unlikely to drop the bai bithaman ajil financing structure, its chief said on Monday, reflecting the industry's struggle to achieve a ...

In this model of banking, the business is not left to bear the loss alone. The bank also bears the profit or loss with the customer. Islamic Banking The Islamic financial system is a unique financial ...