JAKARTA, Indonesia (MNTV) – Indonesia’s Islamic banking assets grew 7.83% year-on-year to reach 967.33 trillion Indonesia Rupiah ($58.74 billion) as of June this year, reports RRI. During the same period, national and conventional banking grew 6.40 percent and 6.29 percent, respectively. “This growth occurred amid global uncertainty, whi...
MNTV Web Desk – Over 280 million Southeast Asians—around 40% of the region’s population—identify as Muslim, and their demand for products and services aligned with Islamic principles is reshaping entire industries. From halal food and modest fashion to alcohol-free cosmetics, this surge in demand is now transforming Southeast Asia’s fina...
Aims to support ventures of farmers, fishermen, agrarian reform beneficiaries across Bangsamoro region DAVAO CITY, Malaysia (MNTV) – An investment bank is testing the waters for Islamic financing through interest-free loans to farmers and fishermen in the Philippines’ Bangsamoro Muslim region, reports Business Mirror. The initiative was forma...
SINGAPORE (MNTV) – Non-Muslim markets that seek transparency and want to avoid harmful or unethical industries are turning to Islamic finance, whose assets are expected to grow 36% to $7.5 trillion by 2028, according to Standard Chartered PLC. The growing number of young and Muslim people in countries like Indonesia, Pakistan, Egypt, an...
COLOMBO, Sri Lanka (MNTV) — South Eastern University of Sri Lanka has honored Mohamed Minaz, a graduate of its Islamic Banking and Finance program, with the prestigious Ismaildeen Marikar Memorial Gold Medal — recognizing his exceptional academic performance and reaffirming the country’s growing commitment to ethical financial education. Minaz...
KABUL, Afghanistan (MNTV) — In a move to bolster the country’s financial infrastructure, Da Afghanistan Bank (DAB) has officially reopened the Afghanistan Institute of Banking and Finance (AIBF), aiming to enhance professional capacity and align the sector with Islamic banking principles. The reopening ceremony, held on June 3, was led by DAB’...
City-state attracts corporates with low-cost funds and favorable ratings SINGAPORE (MNTV) — While Islamic finance has traditionally been dominated by Muslim-majority countries, Singapore is positioning itself as a leading alternative market, according to a new report by Standard Chartered. The report, titled “Islamic Banking for Financia...
Regulatory reforms aim to expand Shariah-compliant financial services in the country ASTANA, Kazakhstan (MNTV) — Kazakhstan is poised to take a significant step in the development of its Islamic financial sector. The country’s Agency for Regulation and Development of the Financial Market (ARDFM) has announced a new draft law on banks an...
Offa, the UK’s first Shariah-compliant finance provider, received approval to offer Islamic home purchase plans LONDON (MNTV) – The Financial Conduct Authority (FCA) granted Islamic fintech firm Offa authorization to offer Shariah-compliant alternatives to traditional residential mortgages in the U.K. This move positions Offa as t...
Shariah-compliant fintech firm aims to tap Saudi market after major funding boost from Zayn VC and Meezan Bank. ISLAMABAD, Pakistan (MNTV) – Pakistani fintech startup Haball has raised $52 million in a bid to scale its Islamic financial services both domestically and across the Middle East, the company announced on Tuesday. The funding round i...
