Islamic Banking News

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Find here all the latest articles, news, and research on Islamic Banking and other Islamic Banking-related topics:

Find here all the latest articles, news, and research on Islamic Banking and other Islamic Banking-related topics:

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Gatehouse Bank and ColCap offer Shariah-compliant home finance solutions

News | Payments General | 05 Dec 2024

UK-based Gatehouse Bank has partnered with ColCap UK, a non-bank specialising in residential home finance, to originate over GBP 550 million worth of Shariah-compliant home finance over an initial period of two years.

partnership, financial services, compliance, financing , Islamic banking

Offa completes acquisition of Bank of Ireland's Sharia-compliant finance book

News | Online & Mobile Banking | 03 Dec 2024

UK-based fintech company Offa has completed the acquisition of Bank of Ireland’s Alburaq Sharia-compliant home finance portfolio, with the deal including over 350 home purchase plans.  

acquisition, fintech, Islamic banking, financial services, digital banking

Manzil Wealth introduces halal wealth platform in Canada

News | Online & Mobile Banking | 27 Nov 2024

Islamic finance company Manzil Wealth has announced that it launched a halal wealth management solution in Canada. 

product launch, financial services, Islamic banking, customer experience, digital banking

BCA Syariah adopts Thought Machine's banking platform

News | Online & Mobile Banking | 06 Nov 2024

BCA Syariah, a subsidiary of Bank Central Asia that offers Islamic banking services, has announced that it adopted Thought Machine’s cloud-native core banking platform, Vault Core. 

partnership, online banking, Islamic banking, mobile banking, digital banking

Tuum launches foundational Islamic Banking and Finance solutions

News | Online & Mobile Banking | 21 Oct 2024

Tuum has announced the launch of foundational Islamic Banking and Finance solutions in order to deliver comprehensive, Sharia-compliant financial services to its clients.

product launch, Islamic banking, banking, financial services, financial institutions

Network International partners with ruya to improve Islamic Banking

News | Payments General | 09 Sep 2024

Network International, a provider of digital commerce solutions in the Middle East and Africa, has partnered with ruya, a UAE-based digital-first Islamic community bank.

partnership, digital banking, Islamic banking, banks, payments

Boubyan Bank taps Temenos for banking platform modernisation

News | Online & Mobile Banking | 06 Aug 2024

Kuwait-based Islamic bank Boubyan Bank has selected Temenos to modernise its core banking systems.

API, digitalisation, Islamic banking, cloud

Offa launches buy-to-let finance service

News | Payments General | 12 Jul 2024

UK-based fintech Offa has launched a new buy-to-let (BTL) finance service, aimed at modernising Islamic finance for both Muslim and non-Muslim property investors.

product launch, fintech, Islamic banking, funding, payments

AEON Bank launches digital banking services in Malaysia

News | Online & Mobile Banking | 27 May 2024

AEON Bank has officially launched its digital banking platform, marking the introduction of Malaysia's inaugural Islamic digital bank.

digital banking, Islamic banking, product launch, financial services

Nomo chooses Snowdrop to enhance digital banking user experience

News | Online & Mobile Banking | 08 May 2024

UK-based Sharia-compliant digital bank Nomo has partnered with Snowdrop Solutions to augment the digital Islamic banking experience for its users.

digital banking, customer experience, API, Islamic banking, merchant

Visa Installment Solution now live for ADIB cardholders

News | Payments General | 30 Apr 2024

Abu Dhabi Islamic Bank (ADIB) and Visa have announced Visa Installments Solution (VIS) is officially live for ADIB covered cardholders in the UAE.  

instalment payments, Visa, payments , partnership, Islamic banking, merchants

Cooperative Bank of Oromia launches new apps with Temenos

News | Online & Mobile Banking | 19 Mar 2024

Cooperative Bank of Oromia has launched CoopApp and CoopApp Alhuda on Temenos Digital (Infinity) for a digitalised conventional and Islamic banking experience.

digital banking, Islamic banking, partnership, financial inclusion

Faysal Bank, Total Parco sign agreement for digital payments

News | Payments General | 02 Feb 2024

Pakistan-based Faysal Bank, a subsidiary of KSA Holdings, has signed an agreement with oil marketing company Total Parco to provide digital payments to the latter’s retail network. 

partnership, digital payments, cashless, financial inclusion, financial services, Islamic banking

Sharjah Islamic Bank partners with Noqodi for digital payment services

News | Online & Mobile Banking | 30 Jan 2024

Sharjah Islamic Bank has partnered with Noqodi, a financial technology firm and payment gateway owned by Emaratech Group, to improve its digital payment services. 

Islamic banking, partnership, digital banking, payments , financial services

Kurdistan International Islamic Bank adopts Azentio's iMAL software

News | Online & Mobile Banking | 29 Jan 2024

Kurdistan International Islamic Bank (KIB) has integrated iMAL, an Islamic core banking platform from Azentio Software.

mobile banking, Islamic banking, partnership, compliance, AML, fraud prevention

Raqami partners with Euronet Pakistan

News | Online & Mobile Banking | 16 Jan 2024

Raqami Islamic Digital Bank (RIDB) has announced its partnership with Euronet Pakistan, aiming to promote digital payments in the region.

digital banking, online banking, Islamic banking, retail banking, partnership

Deutsche Bank to strengthen Shariah custody in Southeast Asia

News | Payments General | 11 Dec 2023

Deutsche Bank has partnered with CIMB, a Malaysia-based bank, to provide Shariah custody, the servicing of funds that are compliant with Shariah law, to clients in Malaysia. 

partnership, product launch, Islamic banking, banking, digital banking

Tadhamon Bank gears up for Open Banking with Azentio's iMAL

News | Online & Mobile Banking | 16 Oct 2023

Azentio Software has announced that Tadhamon Bank is now live with the upgraded and latest version of iMAL, Azentio’s digital Islamic core banking platform.

Open Banking, banking, digital banking, Islamic banking

iDenfy partners with Kestrl to offer IDV solutions

News | Digital Identity, Security & Online Fraud | 15 Sep 2023

iDenfy, a global regtech offering AI-based identity verification and fraud prevention tools has announced a partnership with UK-based fintech specialising in Islamic finance Kestrl

partnership, identity verification, digital onboarding, AML, KYC, regulation, compliance, fintech, Islamic banking

AFS powers the ila Bank prepaid cards offering

News | Online & Mobile Banking | 17 Jul 2023

Bahrain-based fintech enabler Arab Financial Services (AFS) has announced that it is powering the newly launched prepaid card offering from digital mobile-only bank ila Bank.

partnership, prepaid card, fintech, paytech, banking, Islamic banking, mobile banking, payments , digitalisation