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Waqf for the promotion of education

Ihsan Trust promoting education for a brighter Pakistan

Ihsan Trust was established as an independentTrust (Waqf) in 2010 with the vision to create a poverty free society on the principles of equality and compassion. Their missions is to reach out and help the poor and needy according to the principles of Islam and take care/look after the wellbeing of poor and needy and… Continue reading Ihsan Trust promoting education for a brighter Pakistan

Expanding the Footprint of Islamic Finance

Physical Gold Fund SP Announces Shariah Standard on Gold Compliance

Physical Gold Fund SP (PGF), a world leader in physical allocated gold, is pleased to announce that Physical Gold Fund SP has been endorsed as Shariah-compliant by Amanie Advisors. Amanie Advisors issued the fatwa in accordance with the Shariah Standard on Gold set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and… Continue reading Physical Gold Fund SP Announces Shariah Standard on Gold Compliance

Deployment of technology in Islamic banking

Implications of Fintech on the Islamic Financial Industry

CEIF Talks on "Implications of Fintech on the Islamic Financial Industry" by Mr. Farrukh Raza, Managing Director, Islamic Finance Advisory and Assurance Services (IFAAS), UK. Watch Mr. Farrukh as he talks about the implications of Fintech on the Islamic Financial Industry on: https://lnkd.in/dzm3qKk #IBACEIF hashtag#CEIFTalks hashtag#IslamicFinance hashtag#IslamicBanking hashtag#Fintech hashtag#IslamicFintech

Deployment of technology in Islamic banking

Path Solutions receives top three ACQ5 Global Awards

Mohammed Kateeb, Group Chairman & CEO Path Solutions received the highly coveted recognition for ‘Gamechanger of the Year (Islamic Financial Technology)’, while the company was awarded ‘Core Banking System Provider of the Year (Islamic Finance) – International’ for the 5th time, and its ground-breaking technology solution for financial inclusion iSHRAQ*Microfinance named ‘Sharia-Compliant Microfinance Solution of… Continue reading Path Solutions receives top three ACQ5 Global Awards

Islamic banking in UAE

Dubai Islamic Bank Half-Year Profit Up 14%

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE by assets, posted group net profit of Dh2.44 billion in the first-half of 2018 as compared to Dh2.14 billion for the same period in 2017, up 14 percent. Net revenue for the period ending June 30, 2018 amounted to Dh4.036 billion as compared to… Continue reading Dubai Islamic Bank Half-Year Profit Up 14%

Islamic Finance

Zarai Taraqiati Bank gets Islamic banking licence

State Bank of Pakistan (SBP) has issued Islamic banking licence to the Zarai Taraqiati Bank Limited (ZTBL). The Bank will commence its Islamic banking business by conversion of selected existing conventional banking branches into Islamic Branches. ZTBL plays a vital role by extending loans to farmers throughout Pakistan, Gilgit-Baltistan and Azad Jamun & Kashmir. The… Continue reading Zarai Taraqiati Bank gets Islamic banking licence