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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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

BSI Collaborates with Ayoconnect to Develop Open Banking

News | Online & Mobile Banking | 12 May 2022

Bank Syariah Indonesia (BSI) has collaborated with Ayoconnect to develop Open Banking in Indonesia, according to

partnership, Open Banking, Islamic banking

Ahlibank integrates with Apple Pay

News | Ecommerce | 16 Feb 2022

Qatar-based bank Ahlibank has announced it recently integrated with Apple Pay to offer clients diversified payment methods.

Apple, Apple Pay, alternative payment method, cashless, mobile banking, Islamic banking

Boubyan Bank partners with Visa for new Visa Card Enrollment Hub

News | Cards | 04 Jan 2022

Islamic bank Boubyan has announced a collaboration with global payments processor Visa to introduce the company’s Card Enrollment Hub (VCEH) service.

Visa, Islamic banking, partnership, digital payments, digitalisation, online payments

QIB welcomes Dhareeba payments to its mobile app

News | Online & Mobile Banking | 14 Dec 2021

Qatar Islamic Bank (QIB) has announced the introduction of a Dhareeba payment service, allowing customers to settle their companies’ tax invoices directly from the QIB mobile app.

online banking, mobile banking, mobile payments, Islamic banking, biometrics, biometric authentication

Qatar International Islamic Bank introduces QMP e-wallet

News | Mobile Payments | 10 Nov 2021

Qatar International Islamic Bank (QIIR) has launched its contactless payment solution QMP e-wallet.

product launch, e-wallet, mobile banking, Islamic banking, digital wallet

Azentio to acquire software assets from Path Solutions

News | Online & Mobile Banking | 16 Aug 2021

Azentio Software, a Singapore-based software products business, has announced a binding agreement to acquire certain software assets from Path Solutions.

acquisition, Islamic banking, banking, fintech

Boubyan Bank launches its Islamic digital bank

News | Online & Mobile Banking | 15 Jul 2021

Boubyan Bank has announced the launch of Nomo, a fully licensed and regulated UK Islamic digital bank catering for customers with a global financial outlook.

banks, product launch, digital banking, Islamic banking, debit card

ICD partners Orient Finans Bank for Islamic Window at the Bank

News | Online & Mobile Banking | 15 Jul 2021

The Orient Finans Bank and the Islamic Corporation for the Development of the Private Sector (ICD) have signed a partnership to launch an Islamic Window at the Bank.

Islamic banking, partnership, financial institutions

Asia Alliance Bank selects ICS BANKS Islamic

News | Online & Mobile Banking | 20 May 2021

Asia Alliance Bank, an Uzbekistan-based bank, has selected ICS BANKS Islamic Banking software solutions from ICS Financial Systems (ICSFS).

banks, Islamic banking, partnership, cloud

Trustbank implements Islamic Banking Services

News | Online & Mobile Banking | 06 May 2021

Trustbank has selected ICS BANKS Islamic Banking software solutions from ICS Financial Systems (ICSFS), a software and services provider for banks and financial institutions.

banks, Islamic banking, financial institutions, trade finance, regulation, partnership

Bank of Abyssinia taps into Path Solutions for its solutions designed for Islamic banks

News | Online & Mobile Banking | 26 Apr 2021

Path Solutions, a provider of AAOIFI-certified software solutions and services for Islamic banks and financial institutions, has partnered with Bank of Abyssinia (BoA).

banks, compliance, Islamic banking, data, financial institutions, transactions

Central Bank of the Philippines open to Qatar-based funding

News | Online & Mobile Banking | 10 Aug 2020

Bangko Sentral ng Pilipinas (BSP) has announced plans to explore potential investment deals from Qatar for digital banking and fintech projects.

Central Bank of the Philippines, Bangko Sentral ng Pilipinas, BSP, Philippines, Qatar, funding, investment, digital banking, fintech, Reserve Bank, regulations, digital transactions, banking sector, nonbank financial institutions, digital platforms, Islamic banking, shariah-compliance

Oman Arab Bank and Alizz Islamic to merge

News | Payments General | 18 Jun 2020

Oman Arab Bank (OAB) and Alizz Islamic Bank has signed an agreement for the overall structure of the potential merger between the two banks. 

Oman Arab Bank, Alizz Islamic, banks, banking, Islamic banking, Muscat Securities Market

Al Kuraimi Islamic Bank selects Temenos to replace its IT systems

News | Online & Mobile Banking | 23 Apr 2020

Yemen-based, Al Kuraimi Islamic Bank (KIB), has selected Temenos Infinity and Temenos Transact to replace its legacy IT systems.

Yemen, bank, Temenos, digital banking, KIB, Temenos Infinity, Temenos Transact, software, API, omnichannel, Islamic banking, retail