Browsing: Islamic Finance

Too vast to be ignored, too novel to be understood By Maryam Garba-Sani* Simplicity, in the absence of complexity, prompts…

Egyptian bank Al Baraka Bank Egypt announced a pre-tax profit of 1.21 billion Egyptian pounds (EGP) (approximately USD 24.2 million)…

Khuwaylid Capital has reached a milestone that is unprecedented in the sub-region. Based in Dakar, the company announces that it…...

Misr Life Insurance – Takaful, an Egyptian life insurance company, announced an increase in its share capital, now set at…

Al Baraka Bank Egypt (SAUD), a subsidiary of the Islamic banking group Al Baraka, has announced the signing of a…

Benin has issued an inaugural international Sukuk with a 7-year maturity, with a nominal amount of $500 million US dollars.…...

El Amana Takaful has officially announced the change of its commercial name. Since January 1, 2026, the company operates under…...

Egypt has launched a new sovereign sukuk issuance of 5 billion Egyptian pounds ($105 million), as the country begins to…...

Egypt is preparing to issue a new offer of sovereign sukuk worth 200 billion Egyptian pounds (approximately $4.1 billion) by…...

Summit Bank Ltd, a new interest-free bank in Nigeria, officially launched its operations on Thursday, November 6th in Abuja, after…...

Faisal Islamic Bank of Egypt (FAIT) has published its unaudited independent financial results for the fiscal year ending on September…...

TAJBank Limited, one of the leading Nigerian banks offering interest-free loan products, has made a splash in the finance market.…...

By partnering with the Islamic Bank of Senegal (BIS), the International Finance Corporation (IFC), a member of the World Bank…...

Nigeria is preparing for a new offensive on the international financial markets. President Bola Tinubu has requested authorization from Parliament…...

Tripoli, September 23, 2025 – The Islamic Society for Investment and Export Credit Insurance (SIACE), a member of the Islamic…...

Takaful insurance premiums reached 94.9 million Moroccan dirhams (approximately 8.7 million euros) in 2024, representing a 44.1% increase compared to…...

Ghana is preparing to introduce a regulatory framework dedicated to Islamic finance by the end of 2025, with the ambition…...

The Central Bank of Somalia (CBS) announced on Sunday, July 13, the official launch of the licensing process for Takaful…...

The State of Senegal will proceed on July 26, 2025 to the payment of semi-annual profits and partial repayment of…...

Egypt has relaunched its sovereign sukuk issuance program on international markets with a new $1 billion operation, the Ministry of…...

The volume of Islamic banking services in Egypt stood at around 429 billion Egyptian pounds EGP (more than 27 billion…...

The Islamic Development Bank (IDB) Group, through the Islamic Corporation for Private Sector Development (IDC), has signed a USD 10…...

Moody’s Investors Service, the credit rating subsidiary of Moody’s Corporation, announced in a recently released report that Sharia-compliant multilateral development…

The State of Côte d’Ivoire via its public treasury will proceed on December 28, 2020 to the payment of the…

With an expected 6% increase in 2019, Sukuk or Islamic bond issues around the world are expected to reach about…

On July 26, 2019, the State of Senegal will pay the half-yearly margin and partial repayment of its Islamic bond…

The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has announced several major initiatives…

The Islamic Solidarity Fund for Development (ISFD), the Abu Dhabi Fund for Development (ADFD), the Bill and Melinda Gates Foundation…

More than 1 billion people live in absolute poverty worldwide and are unable to afford the basics of food, safe…