AlHuda CIBE partners with Soltesz Institute to offer dual certifications in Islamic finance
Under the terms of the agreement, The Soltesz Institute will integrate Alhuda CIBE's specialized courses into its platform, offering students the unique advantage of receiving two certifications upon completion: one from Alhuda CIBE, a globally respected authority in Islamic finance, and another EU-accredited certificate from The Soltesz Institute, endorsed by Director Viktoria Soltesz. This dual certification is designed to enhance the credibility and employability of graduates in both Islamic and conventional finance sectors.
Muhammad Zubair Mughal, CEO of Alhuda CIBE, emphasized the transformative potential of the partnership: 'By uniting Alhuda CIBE's deep-rooted knowledge in Islamic finance with The Soltesz Institute's European accreditation and digital platform, we are creating a powerful ecosystem for learners. This initiative not only broadens access but also elevates the standard of Islamic finance education globally.
AlHuda CIBE has been a pioneer in offering state-of-the-art distance learning programs since 2008, including the Post Graduate Diploma in Islamic Banking and Finance, Certified Islamic Microfinance Manager, Certified Takaful Professional, Certified Islamic Fund Manager, and Certified Sukuk Professional, as well as the Executive Diploma in Halal Industry. Our alumni network spans 110+ countries, a testament to the global recognition and impact of our programs. These courses are meticulously designed to meet international standards, combining Shariah compliance with practical industry insights, ensuring our graduates are well-equipped to excel in the dynamic field of Islamic finance.'
Echoing this sentiment, Viktoria Soltesz, Director of The Soltesz Institute, remarked: 'Our mission has always been to bridge gaps in professional education through high-quality, accredited programs. Partnering with Alhuda CIBE allows us to offer specialized content that meets the growing demand for Sharia-compliant finance expertise, while our EU certification adds a layer of global recognition for students.'
About The Soltesz Institute:
The Soltesz Institute is a leading professional education platform specializing in banking, payments, and financial technology, offering flexible online, on-site, and CPD/CPE-accredited courses designed for career advancement in the digital finance era. With over 20 years of industry expertise, the institute provides interactive learning materials, corporate consulting services, and access to an exclusive global banking community, all optimized for mobile and tablet learning. Founded by banking expert Viktoria Soltesz and operated by Cyprus-based PSP Angels Management Limited, the institute combines practical knowledge with cutting-edge fintech insights, serving thousands of professionals through its comprehensive course catalog and networking events while maintaining strict compliance with international education standards.
About AlHuda CIBE:
AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research and provides state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Training Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.
We are dedicated to serving the community as a unique institution, advisory and capacity building for the last twelve years. The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 104 Countries for the development of Islamic Banking and Finance industry. For further Details about AlHuda CIBE, please visit: https://www.alhudacibe.com/
For Media Contact:
Ms. Shaguftta Perveen
Manager Communications,
info@alhudacibe.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
12 minutes ago
- Zawya
NBK-Egypt reports EGP4.1bln net profit in 1H2025
Al-Bahar: NBK Egypt delivered solid profit growth, underpinned by resilient operating performance amid challenging conditions The Bank continues to rank among the fastestgrowing financial institutions in Egypt, with a clearly defined and expanding presence in the local market Our financial indicators underscore the strength of our trajectory and affirm that we remain well positioned to further reinforce our market share Egypt remains a core strategic market contributing to the Group's growth El-Tayeb: NBK – Egypt continues to deliver strong performance, with solid growth across all key financial indicators The Bank remains focused on reinforcing its position in both the retail and corporate banking sectors We are fasttracking digital transformation by expanding our digital services Sustainable finance stands as a core strategic priority in line with our commitment to supporting environmentally responsible projects National Bank of Kuwait - Egypt (NBK-Egypt) has reported net profits of EGP 4.1 billion (Equivalent to KWD 25.65 million) for the first six months of 2025, a significant increase from the EGP 3.2 billion (Equivalent to KWD 24.9 million) reported in the corresponding period of 2024, showcasing an impressive growth rate of 30%. Net Operating Income stood at EGP 7.7 billion in 1H2025, recording a substantial increase of 28% from EGP 6.1 billion recorded in the corresponding period of 2024. In the meantime, Net Interest Income grew by 31%, reaching EGP 6.7 billion compared to EGP 5.2 billion in 1H2024. Meanwhile, Net Operating Income (excluding interests) increased to EGP 199 million in 1H2025, compared to EGP 147 million in 1H2024, up by 35%, while Cost to Net Operating Income grew by 1% in 1H2024 to 24% in 1H2025. Total assets reached EGP 206 billion by the end of 1H2025, up by 5% compared to EGP 196 billion by the end of 2024. Furthermore, total loans and credit facilities expanded to EGP 115 billion in 1H2025, reflecting a growth rate of 10% compared to EGP 104 billion recorded at the end of 2024. Additionally, customer deposits increased to EGP 166 billion by the end of 1H2025, up from EGP 160 billion at the end of 2024, representing a growth rate of 4%. The ratio of operating income to total net income increased to 87% as of 1H2025, compared to 85% in the corresponding period of 2024. Moreover, the Return on Average Assets (ROAA) improved to 4% in 1H2025, while the Return on Average Equity (ROAE) stood at 35%. Commenting on the financial results announced by NBK-Egypt, Ms. Shaikha Al-Bahar, Deputy Group Chief Executive Officer, National Bank of Kuwait, and Chairman of NBK-Egypt, said: 'The strong earnings growth achieved by NBK–Egypt in the first half of 2025 highlights the bank's solid financial standing and the enduring strength of its business model, which continues to generate sustainable profitability despite prevailing operational challenges. This performance stands as a testament to the Group's long-term strategic vision since its entry into the Egyptian market in 2007, reaffirming its confidence in the significant growth potential and strategic importance of one of the region's largest and most dynamic banking landscapes.' Al-Bahar affirmed that Egypt remains one of the Group's most prominent strategic markets, playing a role in driving growth, and is consistently regarded as its second home market. As the largest Kuwaiti investment in Egypt, NBK has established a clear and growing footprint within the Egyptian banking sector. The Bank ranks among the fastest-growing institutions in the market, a position reinforced by its robust financial indicators, which underscore its solid trajectory toward further expansion and enhanced market Al-Bahar emphasized that the Group views the Egyptian market as a long-term strategic investment and remains committed to expanding its presence. She noted that NBK's operations in Egypt continue to rank among the most profitable within the Group, consistently delivering high returns on equity and assets. Al-Bahar explained that the easing of geopolitical tensions in the region would significantly support the Egyptian economy and unlock greater investment opportunities. She also noted that the country's future outlook, continues to gain momentum from the ongoing reform efforts and the exceptional measures undertaken by the Egyptian government and the Central Bank of Egypt. Meanwhile, Vice Chairman, CEO, and Managing Director of National Bank of Kuwait-Egypt, Mr. Yasser El-Tayeb, said: 'The Bank's solid financial indicators in the first half of the year underscore its ability to sustain growth and deliver strong business results, despite the exceptional challenges facing the business environment on the local and global fronts due to ongoing political instability and its economic ramifications.' El-Tayeb emphasized that NBK–Egypt's growth remains well-balanced across all business lines, supported by efficiency and risk metrics aligned with both sustainable expansion and long-term resilience. He attributed this performance to the Bank's prudent policies and sound business model, which enable it to meet customer needs with agility and confidence. He added that the majority of NBK–Egypt's income is generated from credit operations, primarily through the corporate banking segment, while the retail banking sector has also witnessed notable growth in recent years. The Bank's credit portfolio spans a broad spectrum of clients, ranging from large corporations to medium and small enterprises, while its retail portfolio serves diverse customer segments. This breadth underscores the strength and diversification of NBK–Egypt's income sources. El-Tayeb emphasized the bank's commitment to further strengthening its position in the retail banking sector by offering advanced services and products tailored to diverse customer segments, aiming to establish itself as a comprehensive bank that fulfills all their financial needs. Furthermore, he also emphasized NBKE's firm belief in the pivotal role of technology and digital channels in shaping the future of the banking sector. Recognizing their importance in strengthening competitive advantage, NBK–Egypt has made substantial investments to upgrade its core banking systems and significantly expand its suite of digital services. These efforts are aimed at delivering a seamless and distinctive banking experience, enabling customers to carry out their transactions anytime, anywhere. In parallel, the Bank is committed to encouraging broader adoption of electronic payment methods, in alignment with the strategic direction of the Egyptian government and the Central Bank of Egypt. El-Tayeb emphasized that NBK–Egypt is committed to supporting the global shift toward sustainable finance and the transition to a green economy. The Bank actively backs environmentally responsible projects that promote sustainability and greater reliance on renewable energy sources. It also continues to explore viable solutions to mitigate the adverse impacts of climate change and reduce carbon emissions. Finally, El-Tayeb noted that sustainable finance has become one of the most critical instruments for promoting and preserving long-term financial stability. About the Bank: NBK-Egypt has a vast network of 52 branches spread over premium locations in various Egyptian governorates and cities, including Cairo, Giza, Alexandria, Delta, Red Sea, Port Said, Upper Egypt, and the industrial zones in 6th of October 10th of Ramadan cities. The Bank is also privileged to be among the elite banks within the Egyptian market that offer Islamic banking services in addition to its conventional products throughout its Islamic branches. Moreover, NBK-Egypt has a vast network of ATMs nationwide to service the Bank's clients around the clock. Furthermore, the bank offers a wide range of digital and electronic services, providing its customers with a unique banking experience. These services enable customers to conveniently conduct their banking transactions anytime and anywhere, eliminating the need to visit the bank for every transaction. National Bank of Kuwait (NBK) was incorporated in 1952 as the first local bank and the first shareholding company in Kuwait and the Gulf region. NBK continues to enjoy collectively one of the highest ratings among all banks in the Middle East from the three international rating agencies Moody's (A1), Standard and Poor's (A), and Fitch Ratings (A+). The Bank's ratings are supported by its strong financial indicators, asset quality, and high capitalization, in addition to its highly recognized and very stable management team, as well as strategic vision and stable funding base. NBK enjoys the most comprehensive banking presence with a local and international network with international presence in the world's leading financial centers including China, Geneva, London, Paris, New York, and Singapore, in addition to its regional presence in Egypt, Lebanon, Bahrain, Saudi Arabia, Iraq, and the UAE.
Khaleej Times
12 minutes ago
- Khaleej Times
Ajman Bank hosts strategic corporate tax seminar to empower UAE businesses
Ajman Bank, a leading Islamic financial institution in the UAE, recently hosted a corporate tax seminar to support small and medium enterprises (SME) clients in navigating the evolving tax landscape. Held in collaboration with MICS, the event underscored Ajman Bank's ongoing commitment to empowering businesses through financial expertise, regulatory awareness, and strategic guidance. The seminar brought together industry experts, senior banking professionals, and SME leaders for knowledge-sharing, discussion, and networking. Designed to address the real-time concerns of businesses in light of the UAE's corporate tax regime, the event focused on actionable insights and compliance essentials. Faizal Kundil, Head of Consumer Banking at Ajman Bank, emphasised the importance of staying informed amid shifting fiscal policies. He stated, ''In an era where regulatory frameworks are rapidly evolving, particularly with the introduction of corporate tax, it is essential for businesses, especially SMEs, to stay ahead of change. At Ajman Bank, we believe our responsibility as a financial partner extends far beyond banking transactions. We are committed to empowering our clients through strategic insights, expert guidance, and tailored support to help them navigate complexity, ensure compliance, and drive sustainable growth.' The seminar featured expert-led sessions by specialists from MICS, including Kinjal Sampat, FCA and Associate Director – with extensive experience from PwC India; Kushal Kumar, CA and Manager – a specialist in transfer pricing and international tax; and Prateek Tosniwal – a global subject matter expert on international tax structuring The presentations covered critical topics such as key filing timelines, tax reliefs, documentation requirements, allowable deductions, and essential financial and non-financial disclosures. The seminar also featured a live Q&A session, where attendees addressed specific concerns directly with the experts. Concluding the session, Jyoti Ranjan, Head of Business Banking at Ajman Bank, said, 'Ajman Bank is proud to serve as a strategic ally to our SME clients, helping them stay ahead of regulatory changes and supporting their long-term growth journey. The seminar concluded with a networking lunch, offering attendees the chance to engage with peers and speakers in an informal setting. Ajman Bank continues to strengthen its role as a trusted advisor to the SME sector, providing not only financial solutions but also business intelligence and thought leadership as part of its holistic approach to client success.
Khaleej Times
12 minutes ago
- Khaleej Times
UAE travel: Air Arabia offers more flights to Georgia, Indonesia
UAE-based airline Air Arabia has increased the number of flights from Abu Dhabi to Baku in Azerbaijan and Tbilisi in Georgia, offering more travel options for customers. The airline now operates non-stop flights between Zayed International Airport and Baku's Heydar Aliyev International Airport with a frequency of six weekly flights. The new schedule now includes flights every Tuesday, Wednesday, Thursday, Friday, Saturday and Sunday, providing more flexibility for travellers exploring the vibrant city. Starting August 7, flights to Tbilisi International Airport will also increase to eight weekly flights, with double daily service on Thursdays, further enhancing seamless connectivity between Abu Dhabi and the Georgian capital. Adel Al Ali, Group Chief Executive Officer, said, 'The increased frequencies to both Baku and Tbilisi reflect our ongoing commitment to strengthening our regional network while delivering greater convenience, flexibility, and value to our customers. These two vibrant cities remain popular among UAE residents and visitors alike. The enhanced schedules will not only reinforce travel and tourism ties but also offer a more seamless and accessible travel experience'. Air Arabia Abu Dhabi continues to expand its growing route network from the UAE capital. The airline recently launched new routes to Almaty in Kazakhstan and Yerevan in Armenia.
