Category: Middle East/Asia

OIC, LAS, and AU launch a joint emergency humanitarian appeal regarding the catastrophic humanitarian situation in the Gaza Strip

Mr Mohammed

Amb. Samir Bakr, the Assistant Secretary-General for Palestine and Al-Quds Affairs, led a delegation from the General Secretariat of the Organization of Islamic Cooperation (OIC) in a consultative meeting with UNRWA and representatives from the League of Arab States (LAS) and the African Union (AU). This meeting addressed the dire humanitarian situation in the Gaza Strip. It took place at the LAS headquarters in Cairo on July 2, 2025. The meeting resulted in a joint emergency humanitarian appeal. Joint Emergency Humanitarian Appeal of the Three Regional Organizations: The League of…

CIBAFI Releases GIBS 2025 Report, Showcasing Emerging AI and Data Trends in the Islamic Finance Sector

Mr Mohammed

The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions,has successfully held a webinar titled “AI and Data Survey (GIBS) 2025 Report,an official statement issued in Manama,Bahrain,Wednesday, has  disclosed. This edition of the GIBS Report explores the expanding role of artificial intelligence (AI) and data analytics in transforming Islamic banking operations, service delivery, and risk management. It captures insights from 105 executives across 29 countries, providing valuable regional perspectives and industry benchmarks. The webinar opened with remarks from Dr. Abdelilah Belatik, Secretary General of…

Ensuring Effective Sharia Governance and Compliance

Mr Mohammed

CIBAFI Conducts Online Technical Workshop for Islamic Financial Institutions The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella organization for Islamic financial institutions, is conducting its Online Technical Workshop on “Governance and Compliance for Islamic Financial Institutions (IFIs)” says  an official statement issued in Manama, Bahrain, Monday. Delivered in English, the two-day virtual workshop, brings together professionals from across the Islamic financial services industry. Effective governance frameworks,the statement,notes, are essential to ensuring sound practices, ethical conduct, and Shariah compliance in Islamic financial institutions. In recognition of this,…

Launch of Qatar Islamic Finance Report 2025: Expanding Horizons

Mr Mohammed

London Stock Exchange Group (LSEG) Data & Analytics is pleased to announce the launch of its latest report titled “Qatar Islamic Finance Report 2025: Expanding Horizons”. The report represents a strategic partnership between the London Stock Exchange Group (LSEG) and the Qatar Financial Centre (QFC), delivering valuable insights on Qatar’s Islamic finance sector with the aim of fostering growth and innovation within the industry. Offering a comprehensive overview of the current Islamic finance landscape in Qatar, the report highlights key developments and regulatory initiatives over the past five years, while also…

Africa Finance Corporation (AFC), United Nations Industrial Development Organization (UNIDO) and partners enter new alliance leveraging Islamic and Arab finance for economic transformation

Mr Mohammed

VIENNA, Austria, June 17, 2025/ — Today, Africa Finance Corporation (AFC) (www.AfricaFC.org), UNIDO, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Union of Arab Banks (UAB), formalized new strategic partnerships under the Islamic and Arab Finance for Economic Transformation in Africa, the Arab Region and Beyond (IFETAA) Programme. Access to finance remains one of the most significant barriers to SME growth and economic transformation, particularly in Africa, the Middle East and South Asia. Only one in five African firms has access to credit, and those that…

Dr. Khalid Khalafalla Appointed as Acting Chief Executive Officer of Islamic Corporation for the Development of the Private Sector (ICD)

Mr Mohammed

The Board of Directors of the Islamic Corporation for the Development of the Private Sector(ICD),the private sector arm of the Islamic Development Bank(IsDB), has approved the appointment of Dr. Khalid Khalafalla as Acting Chief Executive Officer (CEO), effective 19 March 2025 Dr. Khalafalla brings extensive experience from his career within the IsDB Group. Since December 2024, he has been serving as CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). This was contained in an official statement issued by ICD in Jeddah,Thursday. The Chairman of…

Dubai WoodShow 2025 to Host Global Traders & Experts in Timber and Logistics Markets

Mr Mohammed

The highly anticipated Dubai WoodShow 2025 the premier platform for the wood and woodworking machinery industry in the Middle East and North Africa, scheduled to take place from April 14 to 16, 2025, will convene leading industry professionals, traders, experts, and key stakeholders from across the global timber and logistics markets,the event organizers said in an official statement issued in Dubai,Thursday Alongside the exhibition, the event will serve as a premier platform for discussions on market trends, innovations, and emerging opportunities within the sector. Attendees will gain valuable insights through…

DLD Unveils ‘IPS 2025 Conference’ Agenda and Keynote Speakers

Mr Mohammed

By: Mohammed A.Abu Dubai Land Department (DLD) has announced the agenda for the IPS 2025 Conference, which will take place alongside the exhibition from 14 to 16 April 2025 at the Dubai World Trade Centre (DWTC). The event will bring together leading real estate professionals, experts, and innovators to discuss key industry developments and emerging trends. Majid Al Marri, CEO of the Real Estate Registration Sector at DLD and Chairman of the IPS Organising Committee, emphasised that the IPS Conference underscores Dubai’s commitment to supporting the real estate sector and…

Commitment to Supporting Integrity and Growth of the Islamic Financial Services Industry

Mr Mohammed

By: Mohammed A.Abu The General Council for Islamic Banks and Financial Institutions (CIBAFI) submitted its comments to the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) on the Exposure Drafts (EDs) on “Auditing Requirements for Assessing Compliance with Shariah Principles and Rules” and “Principles of Assessment of the Necessity for Obtaining Conventional Reinsurance by Takaful Institutions.” Representing the collective perspective of its membership from more than 30 jurisdictions, CIBAFI’s submission highlights several areas requiring further clarification and enhancement in both drafts. For the Shariah compliance auditing framework, CIBAFI emphasized…

TradeTech Forum Returns for its Second Edition at AIM Congress 2025

Mr Mohammed

Abu Dhabi, UAE, 4 March: The TradeTech Forum, hosted by the World Economic Forum (WEF) will return for its second edition at  AIM Congress, set to be held on April 8, 2025, alongside the ongoing AIM Congress. With over 400 of the world’s foremost trade leaders and experts attending the forum this year’s TradeTech Forum aims to extend and expand the conversation on leveraging technology to transform global trade and investment. With a mission to explore how emerging technologies are impacting and shifting the norms of international trade, the impact…