Islamic finance in Indonesia fends off coronavirus chill
Islamic finance has thrived in Indonesia despite the coronavirus, with banks and fintech companies rushing to tap the growing field even as the pandemic squeezes the country's banking sector overall.
The trend benefits from a master plan for creating an economy compliant with Islamic law announced by President Joko Widodo in 2019. Differences include the prohibition of interest...
Dubai Islamic Bank sells stake in Jordan Dubai Islamic Bank
Dubai Islamic Bank (DIB), the largest Islamic bank in the United Arab Emirates, sold its stake in Jordan Dubai Islamic Bank as it chases growth in emerging Islamic banking markets.
The Jordanian bank has quadrupled in size over the past five years, with assets of more than $1.1 billion and a network of 21 branches. DIB...
