islamic banking

Abu Dhabi Islamic Bank launches ADIB PAY

ADIB PAY: Contactless Payment launched by Abu Dhabi Islamic Bank

Financial institution Abu Dhabi Islamic Bank (ADIB) announced the introduction of the first tokenized, contactless payment solutions in the region, including the clasp and ring options “ADIB PAY,” in collaboration with token enablement service provider Tappy Technologies and industry pioneer Visa. Without needing to carry a real plastic card, ADIB Visa users can now perform …

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russia considers legalizing islamic banking

Russia considers legalising Islamic Banking

Russia considers legalising Islamic banking: Russian authorities are planning to approve new non-credit financial companies that focus on Islamic banking. The Central Bank might take on the role of regulator. A new law is being drafted in Russia to govern Islamic banking, a developing industry that might assist state-run banks hurt by Western sanctions in …

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