Nigeria is home to Africa’s largest sukuk market, with outstanding issuance of $1.6 billion (Fitch Ratings)

(Ecofin Agency) – According to a recent analysis by the international rating agency Fitch Ratings, the Nigerian Islamic finance sector should continue to grow over the period 2023-2024. This growth will be supported by sukuk issues, the growth of Islamic financing and the flexible regulations concerning this activity. Home to the largest Muslim population in … Read more

Sharjah Islamic Bank achieves record net profit of AED651 million

Sharjah24 – WAM: Sharjah Islamic Bank (SIB) continues to achieve sustainable growth, recorded an increase of 26.6 percent in the net profit reaching AED 650.9 million for the year ending 31st December, 2022, compared to AED 514.1 million in the same period of 2021. The Bank also reported an increase in operating profits by 17.4 … Read more

Islamic Finance: Togo repays 13.443 billion FCFA of debts

The State of Togo will proceed on February 17, 2023 to the payment of half-yearly profits and the partial repayment of the capital of its Islamic bond loan called “Sukuk State of Togo 6.50% 2016-2026” for a total amount of 13.443 billion FCFA ($22.854 million). The half-yearly profits amount to 2.834 billion FCFA and the … Read more

All NU offices, Islamic boarding schools and prayer rooms will hold Istigotsah 9 days ahead of the 1st century of NU

Jakarta, NOT Online The Nahdlatul Ulama Executive Board (PBNU) instructed all NU administrators, as well as institutional and banom administrators from the center to the branches (kelurahan); holding Istigotsah for nine full days ahead of the peak of the NU Birth Birthday Akbar reception 7 February 2023. This instruction was also given to all Islamic … Read more

Still at Islamic boarding schools, we are cooperative – Fahim Mawardi, caretaker of the Al Djaliel 2 Islamic Boarding School (ponpes) in Jember Regency, East Java (East Java), has been named a suspect by the Jember Police in a case of alleged sexual abuse of a number of his female students. “There is a letter notifying the determination of the suspect, and … Read more

National News Agency – Alawi Islamic Council: Zahra’s words attack the sect’s history, patriotism and Arabism

NNA – The Information Office of the Alawite Islamic Council issued a statement saying: “What was stated by the so-called Antoine Zahra in an interview with journalist Walid Abboud on Voice of Beirut International, through which he insulted the history of the Alawite Islamic sect in terms of its Arabism, patriotism and values. What has … Read more

Alleged Abuse of Islamic Boarding School Caretaker in Jember, 15 Santriwati Divisum – A total of 15 female students from Al Djalil 2 Islamic Boarding School in Mangaran Village, Ajung District, Regency JemberEast Java undergoing a post-mortem examination at Dr. Soebandi Hospital. The post-mortem was carried out following a report on an alleged affair and obscenity committed by a pesantren caretaker. Also read: A motorbike crashes … Read more

“What is the Islamic plan behind it” – Libero Quotidiano

Charles Nicholas 08 January 2023 “I think the new Europe will be the Middle East,” the Saudi prince said in 2018 Mohammed Bin Salman to the audience of the Future Investment Initiative forum in Riyadh, “in five years the kingdom of Saudi Arabia will be completely different” and so will all the other Gulf states, … Read more

Emirates News Agency – Abu Dhabi Islamic Bank acquires additional shares in its banking unit in Egypt

Thursday, January 5, 2023 – 11:33 am ABU DHABI, 5th January, 2018 (WAM) — Abu Dhabi Islamic Bank announced the acquisition of additional shares in Abu Dhabi Islamic Bank – Egypt.The bank said, in a disclosure to the Abu Dhabi Securities Market today, that the bank bought 9.6 million shares from the National Investment Bank, … Read more

Pasuruan Santri Burned After Being Accused Of Theft, Senior Becomes A Suspect, Islamic Boarding School Says There Was No Element Of Detention Page all– A student at the Al Berr Sangarejo Islamic Boarding School in the Regency PasuruanEast Java with the initials INF (13) burned by his senior, MHM (16). MHM has now been named a suspect. However, the Islamic Boarding School had mentioned that there was no intentional element in the incident that occurred on Saturday (31/12/2022) … Read more