Abu Dhabi Islamic Bank first in the region to set 2030 financed emissions reduction targets across six high-impact sectors
Islamic Finance
Latest in Islamic Finance
halal
UAE targets Islamic finance and halal industry growth as bank deposits hit $162bn and $86bn export target set
The UAE has launched a bold national strategy to boost Islamic finance and halal industry growth
Islamic Finance
Qatar Islamic finance assets hit $188bn
Islamic finance assets in Qatar increased by more than 4 per cent last year
Islamic Finance
UAE’s Islamic T-Sukuk auction attracts AED 6.93bn in bids
The UAE Ministry of Finance has successfully issued AED 1.1 billion in Islamic T-Sukuk for May 2025
Islamic banking
Global Islamic finance assets to surpass $7.5tr by 2028: Standard Chartered
Global Islamic finance assets are projected to grow 36% by 2028
halal
UAE sets $697bn Islamic bank target and aims for Halal export boost; Cabinet reviews tourism sector amid $122.5bn goal
UAE Cabinet meeting reviews Islamic finance, tourism and Hajj strategies
digital financial services
Pakistan’s Haball secures $52mn pre-Series A funding round, eyes Saudi Arabia expansion
The Sharia-compliant fintech Haball is exploring additional market entries across the Middle East, including the UAE and Qatar, as well as Asia
Islamic banking
Neutral outlook for EMEA Islamic banks as consolidation persists in 2025: Report
Consolidation will continue to shape the market across Europe, the Middle East, and Africa next year, particularly among smaller Islamic banks with weaker franchises
Islamic Finance
UAE’s non-oil sector drives Islamic finance expansion: S&P
The country’s insurance sector, both conventional and Islamic, is projected to expand by 15 to 20 percent, driven by economic performance and infrastructure projects
Islamic banking
Islamic financing to outpace conventional banking in GCC amid rising demand, Moody’s reports
The global rating agency predicted further growth for Islamic financing in the region through mergers
Islamic Finance
UAE’s National Bonds expands Al Manassah sukuk trading platform with United Arab Bank partnership
Since its inception in 2013, Al Manassah platform has processed AED189 billion worth of transactions, with more than AED27 billion facilitated in 2023
Blockchain
Blockchain network HAQQ reveals plans for gold-backed stablecoin, tokenised sukuk to boost Islamic interbank market
The move comes close on the heels of the UAE central bank approving issuance of stablecoin regulation
financial institutions
UAE-based ruya Bank CEO expects Islamic finance boom driven by ‘ethical consumerism’
The digital upstart is tapping into the UAE’s position as the world’s 4th-largest Islamic finance hub, with the sector’s assets comprising 23% of total banking assets in the country
Financial Services
Global Islamic finance market would reach $4.9 trillion by 2025: Malaysian Trade Commissioner
The Islamic finance sector is expected to grow by around 10% globally in 2023 and 2024, according to earlier estimates by S&P Global Ratings
Blockchain
Crypto and Shariah compliance: Experts weigh in
Once seen as contradictory to Islamic beliefs, crypto is now being structured in forms that adhere to religious guidelines
fintech
Fintech propels Islamic banking to $4 trillion: Report
The report also said countries such as the UK, Russia, Kazakhstan, and Australia are poised to set new standards in Islamic banking
Islamic banking
Worldwide Islamic banking assets worth $4tn, set for massive growth
Islamic banking assets could rise to $5tn by 2025 say analysts