New York-Jeddah-Beirut, 11 May 2021—The United Nations and the Islamic Development Bank today launched an initiative to help fund efforts to recover better as the world continues to grapple with the ...

The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) ...

Global Finance: Last year, Ahli United Bank [AUB] completed its conversion to an all-Islamic bank. Why did you choose to drop conventional banking? Ahmed Alkharji: AUB converted its banking license ...

The Gulf may not be highlighted on maps of China’s Belt and Road Initiative (BRI), but the region has certainly experienced a rise in relations, particularly in the economic sphere on which the BRI is ...

Although there are challenges, such as a lack of legislation and expertise, Islamic finance may present new avenues for attracting investment. According to Mordor Intelligence, Islamic finance has ...

In acknowledgement of Black History Month, The Royal Gazette continues the publication of stories throughout February on African-American and global African people, events and institutions, and their ...

Islamic financial institutions recorded a strong 2021 while continuing digital investments. Last year saw a strong recovery for Islamic financial institutions (IFIs) as economies rebounded following a ...

The halal economy plays an important role in Malaysia’s economic growth, contributing 7.5 percent to the Gross Domestic Product (GDP) as of 2020. Under the Twelfth Malaysia Plan, 2021-2025 (12MP), one ...

• Putting in place a financing system that is both Shariah compliant and produces a return for investors is a challenge • Regulators in a Shariah-compliant system require more transparency from banks ...