Sheikh, Founder and CEO of Mal, an Islamic Finance Bank, says Mal will use AI to make banking more cost-effective. Mal is ...

Abu Dhabi Islamic Bank (ADIB) will hold a board meeting on January 21 to discuss a proposed dividend distribution to shareholders for the 2025 financial year, the bank said in a statement on January ...

Experienced financial services executive to spearhead global consumer banking strategy ...

This will be the world's first AI-native Islamic financial platform targeting the world’s 2 billion Muslim population and other underbanked communities.

UAE-based fintech Mal has raised $230 million in a strategic investment round led by BlueFive Capital, with participation ...

Islamic banking has been one of the financial industry’s great growth stories over the past few years. The Islamic (interest-free) model has encouraged innovation, both in terms of product offerings ...

Forbes contributors publish independent expert analyses and insights. I cover real estate, economics and cost of living. Different Islamic scholars can have varying rulings on what is Sharia-compliant ...

The modern Islamic finance industry is young but evolving rapidly, serving a growing population of Muslims as well as non-Muslims. According to the Global Islamic Finance Markets Report 2019, the ...

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 ...

Malaysia's Islamic financing will account for nearly half of the banking sector's total financing by 2030 versus 42% as of ...

Commercial Bank International (CBI) has announced that it will proceed with the closure of its Islamic Window after receiving ...

According to the governor, revised accounts for the 2024–25 fiscal year show significant financial losses at these banks, but neither past nor current losses have been imposed on depositors ...