Paying zakat on digital assets makes it easier for the younger generation to fulfill their responsibility.
KUALA LUMPUR The Zakat Collection Centre of the Federal Territory Islamic Religious Council (PPZ-MAIWP) has become the first zakat agency in Malaysia to integrate modern technology into its zakat payment system.
MalaysiaGazette18 December 2024
Growing Islamic finance in Central Asia to unlock GCC investment
The Eurasian Development Bank (EDB), the Islamic Development Bank Institute (IsDBI) and the London Stock Exchange Group (LSEG) have joined forces to spotlight the rapid development of Islamic finance in Central Asia.
bnw Intellinews16 December 2024
Bitcoin Mena: Crypto could be ‘revolutionary step’ for Islamic finance
Bitcoin is challenging conventional financial systems and offers Muslims an alternative to interest-based money that aligns with Islamic principles, experts have told the Bitcoin Mena conference held at Adnec in Abu Dhabi.
The National9 December 2024
Boubyan Bank adopts Murex MX.3 for Sharia-compliant Treasury
Murex has announced that KuwaitÃÂâÃÂÃÂÃÂÃÂs Boubyan Bank has completed MX.3 platform implementation for Sharia-compliant treasury activity.
IBS intelligence3 December 2024
Ripple's XRP token flips Solana's market capitalization
According to CoinMarketCap, Ripple's native XRP token has a maximum supply of 100 billion and a circulating supply of roughly 57 billion.
Cointelegraph2 December 2024
BNM orders insurers, takaful operators to review pricing strategies
BANK Negara Malaysia has directed insurers and takaful operators (ITOs) to reassess their repricing strategies for medical and health insurance and takaful (MHIT) products to ensure a more reasonable implementation.
The Vibes29 November 2024
DBS Hong Kong Launches Cryptocurrency ETF Trading For Wealth Clients
According to PANews, DBS Hong Kong has announced that its Treasures and Private Banking Treasures clients can now engage in cryptocurrency ETF trading through the DBS Digibank application. This development marks a significant step in the bank's digital asset offerings.
Binance Square27 November 2024
Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
PR Newswire24 November 2024
Webull Malaysia Offers Access to Shariah-Compliant Trading with New Features
Webull Malaysia, a subsidiary of Webull Corporation, has introduced an Islamic banking channel. The company claims to be the first fully online retail brokerage in the country to offer Shariah-compliant funding options for trading Malaysian and U.S. stocks.
Fintech Malaysia21 November 2024
Bitcoin breaks $96,000 for first time on optimism over Trump crypto plans
Bitcoin's march toward $100,000 made further ground on Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class.
The Star21 November 2024
Important Binance Update for Peanut the Squirrel (PNUT) Traders: Details
Binance added new trading pairs, including PNUT/BRL and PNUT/EUR. PNUTâÂÂs price has surged 1,400% in two weeks, fueled by the companyâÂÂs initial support and Elon MuskâÂÂs endorsements.
CryptoPotato20 November 2024
Hejaz Launches Australia’s First Halal Investment App
Islamic financial services provider Hejaz has launched Australia’s first halal financial app to offer Australia’s growing Muslim community convenient and straightforward access to a broad range of Shariah-compliant financial products and services.
IBS intelligence19 November 2024
ADIB-Egypt has been awarded the title of 'Best Islamic Financial Institution' in Egypt by Global Finance Magazine
Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) received Global Finance Magazine’s "Best Islamic Financial Institution in Egypt" award for the seventh consecutive year, marking the bank’s ongoing pioneership in excellence and leadership.
ZAWYA18 November 2024
Islamic Finance Opens Up Prospects For Private Banking
As Islamic finance continues to grow, both financial education and innovative investment products are paving the way for a new era of Sharia-compliant wealth management and private banking.
Private Banker International11 November 2024
Meezan Bank Inks Agreement to Join the International Islamic Trade Finance Corporation (ITFC) to Support Private Sector
Meezan Bank, Pakistan’s leading Islamic bank is pleased to announce a new strategic partnership with the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, under the ITFC Letter of Credit (LC) Confirmation product
africa.com5 November 2024
Bank Negara unveils key principles to harness Islamic finance for economic growth
KUALA LUMPUR: Islamic finance holds substantial potential to revitalise the economy through three core principles-Maqasid Shariah, innovation, and global integration, said Bank Negara Malaysia (BNM). BNM Governor Datuk Seri Abdul Rasheed Ghaffour outlined these principles as embedding Maqasid Shariah in economic and sustainable reforms, advancing innovation for value-based solutions, and enhancing global integration for mutual development and shared prosperity.
The Star05 November 2024
Hong Kong to relaunch Islamic finance drive: Paul Chan
Financial Secretary Paul Chan says Hong Kong is ready to relaunch its drive to develop Islamic finance after a three-day trip to the Saudi capital Riyadh opened his eyes to the untapped potential of developing more financial products that comply with Islamic law.
rthk.hk1 November 2024
World’s Safest Banks 2024: Islamic Banks In GCC
The GCC’s Shariah-compliant institutions are growing their assets and expanding their reach, thanks to new strategic partnerships and greater tech investment.
Global Finance1 November 2024
Bank Indonesia Governor Mentions Five Factors Supporting Progress of Islamic Financial Market
Jakarta - Bank Indonesia Governor Perry Warjiyo emphasized five main factors in building the progress of the Islamic financial market. One is developing Green Sukuk or State Sharia Securities (SBSN).
TEMPO.CO1 November 2024
UAE is leading hub for Islamic finance: FTSE Russell CEO
Fiona Bassett, CEO of FTSE Russell, part of the London Stock Exchange Group, highlighted the UAE's leading role as a beacon of financial innovation in the Middle East and its position as a leading centre for Islamic finance.
Zawya29 October 2024
Qatar Tech Firm Launches Platform for Tokenized Islamic Finance Contracts
Blade Labs, the Qatar-based tech company focused on blockchain and Web3, recently unveiled a platform for tokenized Islamic finance contracts also known as Murabaha contracts. This platform will reportedly enable lenders to target a wider customer base without violating Sharia principles.
Bitcoin.comNews27 October 2024
SCB hosts Global Shari’ah Majlis
KARACHI: The Global Shari’ah Majlis, a highly anticipated event in the Islamic finance industry, was held on Wednesday, hosted by Standard Chartered Bank.
Business Recorder24 October 2024
Ringgit extends gains to open higher against US dollar
The ringgit extended positive momentum to trade higher against the US Dollar in the early session today, supported by continued buying demand as more investors shifted to currencies from emerging countries, including the ringgit, an analyst said.
New Straits Time25 October 2024
Warren Buffett Is Buying Shares of This Legal Monopoly Hand Over Fist
When billionaire Warren Buffett speaks, Wall Street tends to pay very close attention. In his nearly six decades as CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), he's overseen close to a 5,600,000% cumulative return in his company's Class A shares (BRK.A). Few money managers have been able to consistently outpace the benchmark S&P 500 (SNPINDEX: ^GSPC) quite like Buffett.
Yahoo Finance16 October 2024
Gamuda debuts first-of-its-kind Islamic ESG-linked financing with OCBC Malaysia
Gamuda Bhd has partnered with OCBC Bank (Malaysia) Bhd and OCBC Al-Amin Bank Bhd (collectively OCBC Malaysia) for its inaugural shariah-compliant sustainability-linked financing facility with an embedded sustainable derivative solution.
The Edge Market9 January 2023
The ups and downs of the OPR
The anticipation of a further increase in overnight policy rate (OPR) by the central bank at the end of the month has triggered concern among many who fear for the state of their household finances.
Malaysia Now9 January 2023
PNB's Islamic finance experiment, wakaf ASNB hits RM30mil in funds
Permodalan Nasional Bhd’s (PNB) newly launched Wakaf ASNB has hit RM30 million in funds and is slated for its maiden dividend distribution in the first half of 2023, said president and chief executive Ahmad Zulqarnain Onn.
The Star27 December 2022
Value of Shariah-Compliant Products in Nigerian Capital Market to Reach NGN 5 Trillion by 2025
Nigeria is anticipating the listing of 50 Shariah-compliant products with a market value of NGN 5 trillion (USD 2.2 billion) between now and 2025, as per a statement made by Lamido Yuguda, the Director General of the Securities and Exchange Commission (SEC), on the 7th of December 2022.
IM Insight15 December 2022
Al Kawthar Leasing Company selects ICS BANKS Islamic Finance Leasing Software
Al Kawthar Leasing Company – a private shareholding company owned by Arab Jordan Investment Bank – AJIB, selected ICS BANKS Finance Leasing Solution from ICS Financial Systems – ICSFS, the global software and services provider for banks and financial institutions.
IBS intelligence12 December 2022
US SEC issues new guidance on disclosing crypto risk
The US securities regulator on Thursday (Dec 8) advised public companies to examine whether they need to disclose to investors any potential impacts from turmoil in the cryptocurrency industry.
The Sun Daily9 December 2022
Emirates Islamic named ‘Best Islamic Bank for SMEs’ at MEA Finance Awards 2022
Emirates Islamic Business Banking was recognised for its innovative proposition for small and medium enterprises (SMEs) and its status as a preferred bank for entrepreneurs seeking Shariah-compliant products and services for their businesses
Zawya6 December 2022
LOLC Al-Falaah wins multiple golds at Sri Lanka Islamic Banking and Financial Institution Awards
LOLC Al-Falaah was felicitated with two prominent awards within the Islamic Banking and Finance services sector in Sri Lanka, at the 11th edition of the SLIBFI (Sri Lanka Islamic Banking and Financial Institution) awards. Securing the Gold award for ‘Leasing Company of the Year’ and Gold award for ‘Window of the Year’ were significant, as LOLC Al-Falaah have won these awards consecutively over the years.
Daily Mirror6 December 2022
Bank Nizwa receives two prestigious awards at Alam Al-Iktisaad's Islamic Banking and Finance Summit 2022
Bank Nizwa, the leading and fastest-growing Islamic Bank has recently been awarded the 'Islamic Bank of the Year' title and 'Best Sustainable Banking Products Innovation' accolade at the Alam Al Iktisaad's Islamic Banking and Finance Summit (IBFS) 2022. Held under the patronage of His Highness Sayyid Fehr Bin Fatik Al Said, His Excellency Tahir Al Amri, Executive President of the Central Bank of Oman, was the Guest of Honour and keynote speaker. Bank Nizwa was the event's Presenting Sponsor, which was organised on the 29th of November at the Crowne Plaza, Qurum.
Zawya5 December 2022
Islamic Coin wins ESG Crypto at The Middle East Blockchain Awards
In acknowledgment of its commitment to sustainability, Islamic Coin, ethics-first digital money that complies with Shariah law, has won Most Promising ESG Crypto at the MEBA awards.
Khaleej Times30 November 2022
2022 Islamic Finance Recap: As the space continues to evolve, Blockchain stands to play a big part
Despite the global economy being ravaged by turmoil induced by the Covid-19 pandemic over the last couple of years, the Islamic finance industry has emerged relatively unscathed
Finance Feeds29 November 2022
QIIB sponsors Islamic Finance conference
Within the framework of QIIB’s role in spreading the principles of Islamic banking and economics, QIIB provided a sponsorship for the Islamic Finance Conference, that was recently held at Harvard University under the theme “Waqf and Philanthropic Foundations: Shared Values for Socio-Economic Development”.
The Peninsula29 November 2022
Islamic finance growing in Bangladesh: Fitch Ratings
Islamic finance is likely to continue growing over the medium term in Bangladesh âÃÂàdriven by rising public demand, new branch openings, and supportive government policies, said a report by US-based credit rating agency Fitch Ratings.
Pakistan Observer25 November 2022
11th Global Islamic Microfinance Forum successfully concluded in Dubai – UAE
11th Global Islamic Microfinance Forum was successfully concluded at Metropolitan Hotel Dubai, UAE under the patronage of AAOIFI Bahrain. The purpose of that forum was to promote, strengthen and unite the organizations of Islamic microfinance (IsMF) with the theme of financial Inclusion, outreach strategies & innovations.
Zawya24 November 2022
Dubai Islamic Bank hosts 2022 Trade Club Alliance General Assembly in Dubai
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and a leading powerhouse in the world of Islamic Finance, hosted the 2022 Trade Club Alliance (TCA) General Assembly at an exclusive event, held on the 14th and 15th of November 2022 at the Sofitel Dubai The Obelisk.
Zawya21 November 2022
Ahli islamic sponsors the Al Roya Omani Islamic Banking Conference
Furthering its objective to be a key player in Oman’s Islamic financing industry, ahli islamic sponsored the recently concluded first-of-its-kind Al Roya Islamic Banking Conference, as a key contributor to the success of the event.
Zawya21 November 2022
Islamic Party Wins in Malaysia Lead to Alcohol, Gambling Stocks Plunge
Stocks related to gaming and alcohol slumped in Malaysia after an Islamic party garnered the most seats at the countryâs elections on Saturday, paving the way for an alliance itâs a part of to form the next government.
Yahoo Finance21 November 2022
Azentio Software wins Excellence in Islamic Banking Solutions Award at Finnovex Saudi Arabia 2022
Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won the 'Excellence in Islamic Banking Solutions' award at Finnovex Saudi Arabia 2022, for the Azentio ONEBanking Islamic Software Suite, an industry-leading technology and best-selling Islamic core banking suite globally.
Yahoo Finance21 November 2022
BAYC Instagram and Discord Hacked: Over $13 Million in NFTs Stolen
The Bored Ape Yacht Club (BAYC) community didn’t have a pleasant start to the week, as some of the users have fallen prey to a hack. Some of the users seem to have lost their NFTs through a fake mint link that was sent out to the followers.
Watcher News26 April 2022
Al Rajhi Bank selects Moneythor to boost personal finance features
Al Rajhi Bank Malaysia (ARBM), a subsidiary of Al Rajhi Bank of the Kingdom of Saudi Arabia, has selected Moneythor, a digital banking solution provider to implement innovative personal financial management (PFM) features in its upcoming digital bank in Malaysia.
Digital News Asia26 April 2022
Ghana: Provide Financial Support for Establishment of Islamic Bank - Alhassan Andani
A former Chief Executive Officer of Stanbic Bank, Naa Alhassan Andani, has appealed to stakeholders in the Muslim communities to provide financial support for the establishment of an Islamic Bank to address the financial needs of all Muslims.
Allafrica.com19 April 2022
Islamic Finance Deals Have the Best Start Ever With Oil Up 40%
Global offerings of sukuk are off to their busiest start on record this year, with bankers at HSBC Holdings Plc and Deutsche Bank AG citing the high price of oil as a driver of the vibrant issuance.
Bloomberg31 March 2022
Islamic finance remains niche in Luxembourg: report
Luxembourg remains the European leader in the domiciliation of Islamic funds. But the sector has changed little since 2016 and is now facing competition from other financial hubs. The market is less buoyant than expected, due to the lack of local roots.
Delano29 March 2022
Deloitte Lead Financial Advisor on Over USD 650 Million in Project Financing for Independent Sewage Treatment Plants in Saudi Arabia
Deloitte Middle East was the lead financial adviser to the consortium of Acciona Agua, Tawzea and Tamasuk on three Independent Sewage Treatment Plants (ISTPs) procured by the Saudi Water Partnership Company.
Albawaba27 March 2022
Malaysia Seeks Sustainable Lead to Drive Islamic Finance Growth
Islamic finance pioneer Malaysia is looking for new drivers to reignite growth for its $286 million industry. Sustainable finance and digitization of services will lead the way, with lenders expected to adopt technologies such as artificial intelligence and big data to break into under-served markets, said Bank Negara Malaysia Assistant Governor Adnan Zaylani Mohamad Zahid.
Bloomberg24 March 2022
Abu Dhabi Islamic Bank Provides $61 million in Financing for Green-Certified Projects in Saudi Arabia
The Abu Dhabi Islamic Bank (ADIB) has revealed the provision of $61 million in financing for green-certified projects in Saudi Arabia.
Arabian Business23 March 2022
Lack of Data, Information Stagnate Research on Islamic Finance
LACK OF research, data and insufficient information in Islamic finance industry are seen as the key challenges that stagnate the industry, says Islamic Development Bank VP finance and CFO Dr Zamir Iqbal.
The Malaysian Reserve23-March-2022
Indonesia raises $195mil from Islamic Bond Auction
JAKARTA - Indonesia sold 2.8 trillion rupiah ($195.04 million) worth of Islamic bonds in a biweekly auction on Tuesday, the finance ministry said, below a 9 trillion rupiah target.
Zawya22 March 2022
Abundant Opportunities in Islamic Fintech
PETALING JAYA: Islamic financial technology (fintech) holds immense potential to serve consumers that are unbanked, uninvested and uninsured, according to Malayan Banking Bhd (Maybank) chairman Tan Sri Zamzamzairani Mohd Isa.
The Star22 March 2022
Slow Adoption of ESG due to Data Scarcity
KUALA LUMPUR (March 21): The lack of data is one of the main reasons for the slow adoption of environmental, social and governance (ESG) principles among Islamic finance institutions. Responsible Finance and Investment Foundation (RFI) chief executive officer Blake Goud said there is a need for players to take the first step.
The Edge Markets21 March 2022
Afghanistan Dispatch: The Taliban Want to Replace The Conventional Banking System with Islamic Banking
Law students and lawyers in Afghanistan are filing reports with JURIST on the situation there after the Taliban takeover. Here, a Staff Correspondent for JURIST in Kabul reports on recent changes to laws affecting the banking and financial sector of Afghanistan.
Jurist20 March 2022
Speakers Call for Wider Outreach of Islamic Finance and Its Literacy
Speakers of an Islamic Financial Literacy summit hosted by International Islamic University Islamabad (IIUI) here on Thursday, opined that there is a sheer need of promoting the Islamic finance with an increased outreach to a wider segment of society. They recommended that instead of long term finance to the new entrepreneurs and SMEs equity must be promoted.
Pakistan Observer18 March 2022
DIB Gets Students #ReadyforTomorrow
Dubai: From being a pioneer Islamic financial institution, the first in the world to today, the largest Islamic bank in the UAE and the second largest the world over, Dubai Islamic Bank (DIB) has been rapidly transforming itself to keep up with the ever-evolving world.
Zawya17 March 2022
Indian Muslims See Appeal of Sharia-Compliant Stocks on The Local Bourse
Muslims are changing their perspectives on halal and haram stocks following online education courses.
Salaam Gateway17 March 2022
Saudi Arabia Issues $2.75bln Sukuk in March, Kingdom's Debt Offices Reports
RIYADH: Saudi Arabia's National Debt Management Center has closed the March 2022 issuance of Saudi riyal-denominated sukuk, valued at SR10.3 billion ($2.75 billion).
Zawya16 March 2022
KLK Issues RM2b Worth of Islamic Bonds
Palm oil producer Kuala Lumpur Kepong Bhd (KLK) has issued RM2 billion worth of Islamic bonds or sukuk through two tranches under its Islamic Medium-Term Notes (IMTN) programme of up to RM2 billion.
The Edge Market16 March 2022
MoF to Raise Up to RM50b to Fund MRT3
The Ministry of Finance (MoF) has committed up to RM50 billion in financing for the Mass Rapid Transit 3 (MRT3) Circle Line project, whose initial estimated construction cost is RM31 billion plus land acquisition of RM8 billion.
The Edge Market15 March 2022
Long-term sukuk remains well placed to face global headwinds, says Franklin Templeton CIO
An important financial instrument in Islamic and non-Islamic countries alike, the sukuk market has been marginally affected by global uncertainty so far.
Zawya15 March 2022
Spain’s Acciona inks $480m green loans for Saudi sewage treatment plants
Acciona, the Spanish conglomerate, together with its local partners Tawzea and Tamasuk, has closed green loans totaling $480 million for three independent sewage treatment plants (ISTPs) in Saudi Arabia.
Arabian Business13 March 2022
Islamic finance and lived religion in Denmark and Norway
Studies of lived religion among Muslims in Europe increasingly analyse how Muslims’ everyday practices are informed by religious beliefs, norms and values. This includes studies about food preparation, hijab fashion and shopping. Yet, religious influence on the economic aspects of Muslims’ everyday lives remains largely unexplored.
PRIO14 March 2022
Saudi's Alkhabeer Capital kick-starts IPO of Islamic fund
Alkhabeer Capital, a Saudi-listed Islamic investment and advisory firm, has kick-started the initial public offering (IPO) of its Shariah-compliant fund.
Zawya14 March 2022
Tech-based lenders bet on syariah banking in Indonesia
JAKARTA, March 13 (The Straits Times/ANN): Newly established tech-based lenders are enthusiastically tapping into syariah banking in Indonesia, betting on an underpenetrated market with a potential customer base of 45 million in a country with the world's largest Muslim population.
The Star13 March 2022
Will Maldives Develop Offshore Islamic Finance Sector from Growth in Local Services?
The Indian Ocean archipelago Maldives is developing an Islamic finance sector, although it may need to strengthen legislation and local turnover to attract sufficient international players to develop an offshore hub.
Salaam Gateway10 Mar 2022
Agrobank Introduces Takaful Plan Worth RM10 mil for Women Micro-Agropreneurs
KUALA LUMPUR (March 8): Agrobank has launched a special campaign aimed at empowering women agropreneurs, offering takaful coverage worth RM10 million in conjunction with the International Women's Day 2022.
The Edge Market8 March 2022
Islamic Banking in Egypt Amounts to EGP 429bn in 2021: Eifa
The volume of Islamic banking in Egypt amounted to about EGP 429bn in 2021, representing about 5% of the total size of the Egyptian banking market, an increase of EGP 63.6bn from 2020, with a growth rate of 17.4%, according to a report from the Egyptian Islamic Finance Association (Eifa).
Daily News Egypt6 March 2022
Malaysian Firms Ready to Enter Global Islamic FinTech Market
MALAYSIA is gearing up to be the global leader in Islamic FinTech, with these companies paving the way forward. According to Dinar Standard's Global Islamic FinTech Report 2021, the Islamic FinTechmarket is projected to grow to US$128 billion (RM536 billion) by 2025.
New Straits Times5 January 2022
Wahed Debuts First Shariah-Compliant and ESG-Aware ETF on Nasdaq
Wahed, a financial investment company that aims to advance financial inclusion through accessible, affordable, and values-based investing, will debut the Nasdaq's first Shariah-compliant and ESG-aware ETF today.
Business Wire7 January 2022
Murabaha, Tawarruq Gain in Importance as Financing Tools at Saudi Islamic Banks
Murabaha and Tawarruq contracts prompted a 19 percent annual rise in total financing provided by Saudi Islamic banks as of Sep. 30 2021.
Arab News30 December 2021
Warba Bank Celebrates Listing of $250mln Tier-1 Sukuk on Nasdaq Dubai
Shaheen H. Al-Ghanem, CEO of Warba Bank, a leading Kuwaiti Islamic Bank, Tuesday rang the market-opening bell to celebrate the listing of the Bank's US$250 million perpetual Tier-1 Sukuk on Nasdaq Dubai, in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
Zawya28 December 2021
Islamic Finance Industry Growing
The global Islamic capital market's growth next year is hinged on the pace of policy revisions by major central banks and stable Sukuk issuances, says Standard and Poor's Global Ratings Islamic Finance global head Mohamad Damak.
The Star9 December 2021
IsDBI and IFE Lab Announce Award Winners for Best Application of Agent-based Simulation in Islamic Finance
The Islamic Development Bank Institute (IsDBI) (www.IsDBInstitute.org) and the Islamic Financial Engineering Laboratory (IFE Lab) have announced winners of the second edition of the International Award for the Best Application of Agent-Based Simulation (ABS) in Islamic Economics and Finance.
African Business29 December 2021
Sharlife Launches in Malaysia
Sharlife, an Islamic Finance comparison website has been launched in Malaysia. The platform aims to provide information on Shariah Compliant financial products by Islamic banks and Takaful operators.
Islamic Finance News26 November 2021