Finansman, a licensed financing company specializing in innovative digital products. (Zawya) REGULATORY Uganda Bank of Uganda issues first Islamic banking licence The Bank of Uganda has issued its inaugural Islamic banking license to Salaam Bank Uganda, a subsidiary of a Djibouti-based bank. The...
In Iraq, Islamic finance in 2025 is defined by ethical Muslim finance whose main role is to offer halal financial products to customers of Iraqi Islamic banks in accordance with Islamic Shariah. In Iraq, Islamic finance was installed only recently in the country after the establishment of a lega...
Sudan and Djibouti so far exhibit meaningful levels of Islamic banking assets as a proportion of total banking assets, at 100 per cent and 20 per cent respectively. There are more than 80 Islamic financial institutions in Africa, many of which have been licensed in the last five years. The ...
ISLAMIC BANKS ALBANIA ALGERIA AUSTRALIA ISLAMIC COLLEGE SCHOLARSHIP BAHRAIN BANGLADESH BOSNIA-HERZEGOVINA BRUNEI CANADA CHINA DENMARK DJIBOUTI EGYPT ETHIOPA FRANCE INDONESIA IRAN...
In Egypt, the Islamic mortgage without interest in 2025 can be accessed through banks like Faisal Islamic Bank and Al Baraka Bank, which offer Shariah-compliant mortgage products to meet the needs of homebuyers across cities like Cairo and Alexandria....
Besides Sudan and Iran (where Islamic Finance has 100% market shares), countries like Brunei, Saudi Arabia, UAE, Kuwait, Malaysia, Qatar, Yemen, Djibouti, Jordan, and Bangladesh, have more than 15% share of Islamic banking assets as a proportion of their total domestic banking sector assets....
Financial inclusion, a concept that gained its importance since the early 2000s, has been a common objective for many governments and central banks in developing nations. The concept initially refers to the delivery of financial services to low income segments of society at affordable costs. During...
Many survivors credited the action of the Royal Oman Police in preventing a massacre: “If not for the counter-firing by security officials stationed around the mosque, the tragedy would have been unimaginable” (Times of Oman, July 16, 2024). Most of the mosque attendees had been rescued by...
In Iraq, Islamic finance in 2025 is defined by ethical Muslim finance whose main role is to offer halal financial products to customers of Iraqi Islamic banks in accordance with Islamic Shariah. In Iraq, Islamic finance was installed only recently in the country after the establishment of a lega...
The initial formation of the team of Gulf states was quickly joined, as 34 largely Muslim nations joined the team: “In addition to Saudi Arabia, the coalition will include Jordan, the United Arab Emirates, Pakistan, Bahrain, Bangladesh, Benin, Turkey, Chad, Togo, Tunisia, Djibouti, Senegal,...