Islamic banking
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Uzbekistan Launches Islamic Banking Following Senate Approval of Sharia-Compliant Framework Law
Uzbekistan’s Senate has passed new legislation paving the way for Islamic banking, aiming to expand financial access, attract investment, and meet strong demand for Sharia-compliant financial services.
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Philippines Takes New Step Toward Broader Integration of Islamic Finance Rules into Its Financial System
Philippine financial institutions and regulators, following an international Islamic finance conference, signed a joint statement emphasizing stronger regulatory frameworks and expanded access to Islamic financial products.
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17th Islamic Financial Services Board Meeting Held in Muscat with Focus on the Future of Islamic Finance
Hosted by the Central Bank of Oman in Muscat and attended by officials from 40 countries, the 17th meeting of the Islamic Financial Services Board focused extensively on the future of Islamic finance, sustainability, innovation, and global cooperation.
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Islamic Finance at 50: Global Assets Reach $5.98 Trillion
Marking its 50th year, the Islamic finance industry recorded 21% growth in 2024, lifting global assets to $5.98 trillion and reinforcing its role as a resilient global financial system.
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Oman’s Islamic Banking Sector to Expand in 2026, Driven by Islamic Bonds
Oman’s Islamic finance industry is projected to record double-digit growth in 2026, reaching nearly $45 billion, supported by Islamic bonds, regulatory reforms, and strong public demand.
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Financial Institutions Dominate Islamic Banking in Malaysia
Shareholder data show Malaysian Bank Islam is dominated by institutional investors holding about 86 percent, with two major owners exercising effective control over strategy while limited public ownership tempers influence.
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Global Islamic Financing Market Forecast to Reach $5 Billion by 2031
A new study by a research firm shows that the global Islamic financing market is expected to grow at an annual rate of 10 percent, reaching $5 billion by 2031.
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Financial Literacy Courses Launched in Pakistan to Promote Islamic Digital Banking
A digital platform affiliated with the Bank Islami Pakistan, in cooperation with the country’s central bank, has conducted financial literacy training in a village near Islamabad to expand the use of Islamic digital banking in underserved areas.
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Signing of New Agreements to Advance Malaysia’s Islamic Financial Market
On the sidelines of the “Malaysia Islamic Financial Market Subcommittee” meeting, several Islamic banks in the country signed memorandums of understanding to enhance the repurchase agreement and the master risk hedging agreement.
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Comprehensive Plan Proposed for Establishing Islamic Banking System in Ghana
A prominent banking consultant in Ghana has presented a comprehensive plan to establish a credible Islamic banking system in the country.
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Conference held in Islamabad to promote Islamic Banking system
A conference was organized by Al-Sadiq Institute of Islamic Banking, Finance and Takaful at Jamia-tul-Kauthar in Islamabad to promote the Islamic banking system.