Islamic banking is not a niche concept in Saudi Arabia. It is a central part of how the Kingdom’s financial system operates ...

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 ...

The Federal Reserve took drastic measures in June to flatten the highest U.S. inflation rate in four decades by instituting a 0.75-percentage-point rate increase. This increase to the Fed's benchmark ...

Riyadh, capital of Saudi Arabia, where a number of banks - including relative newcomer Alinma Bank - are adapting their approaches to Islamic banking What is in a name? Apparently quite a lot if you ...

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 ...

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 ...

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, ...

Sometime later this year Qatar International Islamic Bank is hoping to gain a licence in Morocco for a new bank that it is setting up in a joint venture with the local CIH Bank. It is just one small ...

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 ...

While modern banking in Nigeria has evolved over the years, the establishment of Islamic banking in Nigeria was not just an ...

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 ...