Are there any Islamic banks in USA? Yes, there are Islamic banks in the United States. Islamic banks follow the principles of Islamic finance, which are based on the principles of the religion of Islam. These principles include the prohibition of interest, the promotion of financial inclusion, and the prohibition of investing in businesses …
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 …
ADIB PAY: Contactless Payment launched by Abu Dhabi Islamic Bank Read More »
Are Credit Cards Haram in Islam? Many Muslims today use credit cards frequently and extensively, but are credit cards halal or haram? There are many advantages to credit cards. With a credit card, you can make a major purchase and spread the payments over several months to properly balance your budget over the course of …
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 …
