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MUSCAT: Islamic banking in Oman continued its steady expansion in 2025, with assets reaching $25 billion — around 19 per cent of the banking system’s total — after gaining roughly....
A percentage on a screen cannot tell you whether an investment makes sense. It cannot show who uses your money, what they plan to buy, or which customer must pay be...
Increasingly recognised by stakeholders as a sound financial solution, Islamic finance represents a strategic lever for revving up Oman’s tourism industry. Islamic finance thrives....
Dubai Chambers has signed a Memorandum of Understanding (MoU) with Emirates Islamic, one of the leading Islamic financial institutions in the UAE, to provide businesses with stream...
DIB, the world’s leading Islamic financial group and the largest Islamic bank in the UAE, has successfully closed its debut USD 750 million three-year Senior Unsecured Commodity Mu...
NotALot: Engaging in interest-based lending or borrowing, also known as usury or riba, is expressly forbidden several times in the Quran. Is that why Saudi Arabia alone has 39 d...
A sharia bank in Jakarta asked me last quarter whether their new credit scoring model needed Sharia Supervisory Board review. They had deployed it three months earlier, trained on...
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