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Uzbekistan's central bank granted Open Bank licence No. 1-I on 23 October: first Islamic banking licence under its March 2026 law.
Geneva, Switzerland
RIYADH: Operations supported by the International Islamic Trade Finance Corp. helped provide food access to 24 million households and electricity access to 17.8 million households in 2025, as the Jeddah-based institution surpassed $100 billion in cumulative trade finance approvals since 2008. The corporation, the trade finance arm of the Islamic Development Bank Group, also reached around 460,000 farmers and provided access to finance for 546 companies and small and medium-sized businesses in 2
IsDB Group's trade arm ITFC passed $100 billion cumulative approvals since 2008; over a third went to least-developed countries, it says.
Geneva, Switzerland
RAM is monitoring Amanah Raya's RM3 billion AAA sukuk guarantee after its fund unit's RM527 million Zetrix sukuk exposure forced three fund suspensions.
Geneva, Switzerland
Moody’s affirms ICIEC as leading Shariah-compliant export credit insurer, gets Aa3 affirmation Peoples Gazette Nigeria
Moody's affirmed ICIEC's Aa3 insurance financial strength rating, stable outlook, citing capital, liquidity, IsDB shareholder support and preferred creditor status.
Geneva, Switzerland
Indonesia's zakat law revision debate proposes funding BAZNAS operating costs from state budgets, so collected zakat goes more fully to beneficiaries.
Geneva, Switzerland
Fitch expects Islamic crypto offerings to stay confined to a few markets, citing split Sharia opinions, no AAOIFI or IFSB guidance and cautious banks.
Geneva, Switzerland
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