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%

Deployment of technology in Islamic banking

Maalem Financing signs an agreement with Path Solutions to implement a new Islamic core banking platform

In line with its new business and innovation strategy, Maalem Financing has signed an agreement with Path Solutions, the Islamic banking software specialist, in which iMAL Islamic core banking platform will be rolled out progressively at the company’s headquarters. Founded in 2009 and licensed by the Saudi Arabia Monetary Authority (SAMA), Maalem Financing is a… Continue reading Maalem Financing signs an agreement with Path Solutions to implement a new Islamic core banking platform

Islamic Banking in Pakistan

Strengthening Islamic Banking in Pakistan

The general perception is that Islamic banking in Pakistan is making progress in leaps and bonds. The supporting arguments are number of branches offering this facility, percentage of deposits held by Islamic financial institutions (Islamic banks and designated Islamic banking branches of conventional banks and Islamic banking attaining the status of first choice. However, some… Continue reading Strengthening Islamic Banking in Pakistan

Education in Islamic Finance

IBA-CEIF aims to be a world class centre for excellence in Islamic finance

The Centre for Excellence in Islamic Finance (CEIF) has been established at Institute of Business Administration (IBA) with the objective of providing a platform for discovery, enhancement and dissemination of knowledge in the field of Islamic Finance. It aims to be a world class Centre that through education and research, carries on IBA’s legacy of… Continue reading IBA-CEIF aims to be a world class centre for excellence in Islamic finance

Islamic finance, Islamic banking, Shariah compliance

Meezan Bank: No Compromise on Quality

Arshad Majeed has been part of Meezan Bank before its inception (when Meezan Bank was Al Meezan Investment Bank) and has played an instrumental role in growing Meezan Bank by developing the Operations function. In his current role he is serving as a Group Head Consumer Finance. Majeed’s banking career stretches over 30 years during… Continue reading Meezan Bank: No Compromise on Quality

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