The State Duma, the Russian parliament's lower chamber, on July 19 approved in its final reading a bill allowing an experiment to introduce the Islamic banking system in the country's four mostly ...

Governor of Bangladesh Bank Ahsan H Mansur on Saturday said that Islamic banking is not just a matter of religious sentiment, ...

Sharia compliance refers to the strict observance of the principles of Islamic law. Additionally, Islamic banking itself has own basic “rules” which must be adhered to in order for transactions to be ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This marks a major milestone following last year’s announcement of Tuum’s ...

Tuum, the core banking provider, announced the launch of its foundational Islamic Banking and Finance solutions, marking a key milestone towards delivering comprehensive, Sharia-compliant financial ...

What is missing in islamic banking reform is not Shariah intent, but the design thinking needed to translate that intent into a lived experience ...

Islamic banking has emerged as a significant segment of Pakistan’s financial system, serving both faith based and commercial objectives by mobilising substantial domestic capital. Since its formal ...

By Rashid AzizRecently, the Bank of Tanzania (BoT) officially issued new regulations governing banking operations that comply ...

It enables eligible Omani and non-Omani employees to receive their salaries in accordance with the Central Bank of Oman’s ...