Latest news with #AlHudaCIBE
Zawya
25-07-2025
- Business
- Zawya
AlHuda CIBE launches global virtual internship programs on Takaful and Islamic FinTech
Dubai - UAE: AlHuda Centre of Islamic Banking and Economics (CIBE), a well-recognized global name in the Islamic banking and finance industry, has launched two specialized virtual internship programs: Virtual Internship on Takaful and Virtual Internship on Islamic FinTech. These internships are part of AlHuda CIBE's ongoing commitment to build global awareness and enhance professional capacity in the Islamic financial services industry. With more than eighteen years of experience in promoting Islamic finance globally through awareness campaigns, education, advisory services, training programs, and publications, AlHuda CIBE has previously launched a series of highly successful Global Virtual Internship Programs. These initiatives have received tremendous global response, engaging participants from over 50 countries. The Virtual Internship on Takaful is designed to familiarize participants with the foundations, models, operational structures, and global practices of the Takaful (Islamic insurance) industry. As Takaful continues to grow as a key pillar of the Islamic financial ecosystem, this internship offers a unique platform for participants to gain practical understanding of its relevance, applications, and opportunities. Meanwhile, the Virtual Internship on Islamic FinTech addresses the exponential rise of financial technology in reshaping Islamic finance. With FinTech transforming how financial services are delivered, this internship empowers participants to explore innovative business models, Islamic digital banking, blockchain, smart contracts, and regulatory trends driving the next wave of Islamic financial innovation. Both internships span a period of two months and offer a structured learning path that combines theoretical knowledge with practical exposure. Interns will undertake diverse assignments such as research writing, industry data analysis, awareness campaign planning, communication development, strategic networking, and promotion of AlHuda CIBE's advisory, educational and capacity-building services. The program also encourages peer-to-peer collaboration and interaction with industry experts. AlHuda CIBE believes that these virtual internships will not only strengthen participants' knowledge and skills but will also contribute to the global Islamic finance industry by nurturing the next generation of competent professionals. Furthermore, Halal Research Council (HRC) – a sister concern of AlHuda CIBE – has also conducted similar internship initiatives previously to support capacity building in the Halal industry, which continues to gain global prominence due to its ethical, hygienic, and safe nature. These efforts reflect AlHuda CIBE's vision to build inclusive, ethical, and sustainable economic systems through Islamic financial solutions. 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 provide state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Trainings 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 35 Countries for the development of Islamic Banking and Finance industry.
Zawya
10-07-2025
- Business
- Zawya
AlHuda CIBE to host landmark Forum on Islamic Banking and Finance in London
Dubai – UAE: AlHuda Centre of Islamic Banking and Economics (CIBE) is proud to announce the upcoming Forum on Islamic Banking and Finance, set to take place on August 23, 2025, at the prestigious Islamic Cultural Centre in London, UK. Under the theme 'Advancing Islamic Finance in a Global Financial Hub', this high-profile event will bring together industry leaders, policymakers, Shariah scholars, and financial experts to explore the latest trends, challenges, and opportunities in the rapidly growing Islamic finance sector. The forum will serve as a dynamic platform to foster dialogue, share global best practices, and strengthen the UK's position as a leading hub for Islamic finance in Europe. With sessions covering Islamic banking, Sukuk, Takaful, and Shariah-compliant investments, attendees will gain actionable insights into regulatory developments, fintech innovations, and the convergence of ethical finance with Environmental, Social, and Governance (ESG) principles. Mr. Muhammad Zubair, CEO of AlHuda CIBE, emphasized the forum's significance, stating, 'The UK has long been a pioneer in embracing Islamic finance, and this forum represents a pivotal opportunity to strengthen its role as a global leader. By bringing together key stakeholders, we aim to foster collaboration, address challenges, and unlock new opportunities in Shariah-compliant banking, Sukuk, Takaful, and ethical investments. This event will not only highlight the UK's progressive regulatory environment but also showcase how Islamic finance aligns with broader goals of financial inclusion and sustainability.' The forum will include keynote addresses, panel discussions, and networking opportunities, where participants can engage with thought leaders and professionals shaping the future of Islamic finance. The forum is designed for banking and finance professionals, regulators, asset managers, Shariah advisors, academics, and fintech innovators seeking to deepen their knowledge and explore partnerships in the Islamic finance industry. With limited sponsorship opportunities and early bird registration discounts available until July 23, 2025. 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.
Zawya
07-07-2025
- Business
- Zawya
AlHuda CIBE highlights Islamic microfinance growth in Central Asia
Dubai – UAE: AlHuda Centre of Islamic Banking and Economics (CIBE), a global leader in Islamic finance development, proudly highlights the growing momentum of Islamic microfinance across Central Asia. With over 20 years of dedicated service in the CIS region, AlHuda CIBE continues to empower underserved communities, support policy development, and enhance institutional capacities for inclusive and ethical financial growth. Rooted in Sharia principles—such as the prohibition of interest (riba), promotion of risk-sharing, and social justice—Islamic microfinance has become a transformative tool for poverty alleviation and entrepreneurship. It provides ethically grounded financial services to low-income households and small businesses who are traditionally excluded from conventional banking. As of 2024, the Islamic microfinance market in Central Asia has grown to an estimated USD 200 million, with a client base comprising micro-entrepreneurs, farmers, and small enterprises. The broader Islamic finance sector in the region, excluding multilateral funding, has now surpassed USD 500 million. These figures underscore the sector's growing relevance and potential in countries with significant Muslim populations like Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, and Azerbaijan. Islamic microfinance in Central Asia is more than a financial model—it is a vehicle for social justice, empowerment, and sustainable development,' said Muhammad Zubair, CEO of AlHuda CIBE. 'Our mission at AlHuda CIBE is to facilitate the adoption of ethical finance and ensure that no community is left behind in the pursuit of prosperity. We are proud to have worked at both government and grassroots levels, offering technical assistance, product development, and capacity building that have directly contributed to the sector advancement'. The growth of Islamic microfinance in Central Asia is driven by supportive government regulations, significant funding and technical assistance from multilateral institutions like the Islamic Development Bank (IsDB)—which has disbursed over USD 9.1 billion to CIS countries by 2023—as well as contributions from the Asian Development Bank (ADB), World Bank, and ICD. Additionally, the rise of fintech innovations such as peer-to-peer lending, mobile banking, and Sharia-compliant Buy Now, Pay Later (BNPL) models, particularly in Uzbekistan and Tajikistan, is accelerating financial inclusion across the region. Notably, Islamic financial institutions such as Zaman Bank, ADCB Islamic Bank, Al Saqr Finance, Al Safi Bank (Kazakhstan), M-Bulak, Bai-Tushum Bank, Kompanion Bank, AK Karzi, Bereke Finans (Kyrgyzstan), and Microcredit Deposit Organization Humo and Iman (Tajikistan) have been pioneering inclusive Islamic microfinance across the region. Technological advancements are revolutionizing Islamic microfinance in Central Asia, with fintech solutions such as mobile financing, digital onboarding, and peer-to-peer platforms significantly enhancing outreach and operational efficiency. Additionally, the rise of micro-Takaful (Islamic insurance) is providing essential risk protection for underserved populations, further supporting financial resilience and inclusion. This growing ecosystem is also attracting European investors, who view Islamic microfinance in the region as a promising and socially responsible investment opportunity amid low-interest rate environments. Despite the positive outlook, several barriers continue to hinder the growth of Islamic microfinance in Central Asia. These include limited funding availability, inadequate public awareness of Islamic financial principles, weak IT infrastructure, and a shortage of skilled professionals in Shariah-compliant auditing and accounting. AlHuda CIBE is proactively bridging these gaps by offering tailored training programs, Shariah advisory, product development, and technical consultancy services in collaboration with international partners to strengthen the sector's capacity and sustainability. 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:
Zawya
16-06-2025
- Business
- Zawya
Tashkent hosts premier gathering of islamic finance leaders
Dubai – UAE: The 4th CIS Islamic Banking and Finance Forum, organized by AlHuda Center of Islamic Banking and Economics (CIBE), commenced today at the Hyatt Regency, Regency Ballroom, in Tashkent. The event brought together prominent figures from the Islamic finance sector, including policymakers, industry leaders, and scholars, to discuss the latest trends and opportunities in Shariah-compliant finance. The forum was inaugurated by the Chief Guest, H.E. Mr. Ahmed Farooq, Ambassador of the Islamic Republic of Pakistan to Uzbekistan. In his keynote address, he emphasized the growing importance of Islamic finance as an ethical and inclusive alternative to conventional banking. "Islamic finance, with its principles of risk-sharing, transparency, and asset-backing, is not just a religious obligation but a viable economic model that promotes financial justice," he stated. He also highlighted Pakistan's success in Islamic banking, where the sector now accounts for nearly 20% of the country's total banking assets, offering valuable lessons for emerging markets like Uzbekistan. The event featured insightful sessions on Islamic FinTech, Sukuk, Takaful, and Ijarah, led by renowned experts. Mr. Muhammad Zubair Mughal, CEO of AlHuda CIBE, reflected on the organization's two decades of service to the Islamic finance industry. "For the past 20 years, AlHuda CIBE has been at the forefront of developing Islamic banking, Takaful, and FinTech solutions. Our work in Sukuk and capital markets has laid the foundation for sustainable growth in the CIS region. Esteemed speakers from across the CIS region and beyond will share their expertise on critical topics, including Islamic FinTech innovation, Sukuk development, Takaful solutions, and Shariah-compliant financial models. Industry leaders such as Mr. Nuriddin Lafizov (Alif Uzbekistan), Dr. Tamara Alqolaghassi (Capital Investment Holding Group), and Mr. Ravi Kiran Madiki (Royal Bullion Capital) will present cutting-edge perspectives, while panel discussions will explore opportunities for Islamic finance growth in Central Asia. Their insights aim to drive ethical finance forward in the region. The event has garnered wide-ranging support and sponsorship from influential industry stakeholders. It is organized by AlHuda CIBE, with Royal Bullion Capital as the Gold Sponsor, Infoland as the Silver Sponsor, and AutoSoft Dynamics serving as the Technology Sponsor. The Uzbek Leasing International A.O. and Leasing Association of Uzbekistan also serving as the sponsor. In addition, a robust lineup of event supporters has joined to amplify the forum's reach and credibility, including Uzbekistan Banking Association, Azerbaijan Micro-finance Association (AMFA), Azerbaijan Banking Association, Association of Microfinance Institutions (AMFI), Bahrain Association of Banks, Azerbaijan Fintech Association, Insurance Association of Uzbekistan, Fintech Association of Georgia, and the Alternative Investment Management Association (AIMA). The media outreach of the event is further strengthened by the involvement of renowned media partners such as BTCWire, Fintech Finance News, Startup News, The Blockopedia, Web3 Carnival, Threeway Studio, PayAiro, DeGen Summit, and Mizzle, ensuring global visibility and engagement. The event also features the CIS Islamic Banking and Finance Awards 2025, celebrating excellence in Islamic banking, fintech innovation, Sukuk issuance, and Islamic microfinance. With its strategic focus, influential partners, and visionary agenda, the forum is set to become a milestone event for Islamic finance in the CIS region. For details, please contact: info@ or visit 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: For Media Contact: Ms. Shaguftta Perveen Manager Communications,
Zawya
15-05-2025
- Business
- Zawya
AlHuda CIBE support to Royal Bullion Capital to launch Shariah-compliant gold trading platform
Dubai – UAE: AlHuda Center of Islamic Banking and Economics (CIBE) and Royal Bullion Capital Trading (RBCT) have signed a landmark agreement to establish a fully Shariah-compliant gold trading platform in the UAE. This collaboration underscores both organizations' commitment to ethical finance and innovation in the precious metals industry. Under the agreement, AlHuda CIBE will provide comprehensive Shariah advisory and consultancy services, including product review, certification, training, and market penetration strategies. The initiative aims to cater to the growing demand for Islamic financial solutions in the gold trade sector. Mr. Katragadda Murali Krishna, Founder & CEO of Royal Bullion Capital Trading, remarked: "With over 15 years of experience in the gold trade, we recognize the importance of aligning our operations with Shariah principles to serve a broader audience. Partnering with AlHuda CIBE, a pioneer in Islamic finance, allows us to integrate ethical standards into our business model while maintaining excellence in gold trading. This collaboration marks a significant milestone in our journey toward sustainable and inclusive growth." Mr. Muhammad Zubair, Chief Executive Officer of AlHuda CIBE, stated: "We are excited to collaborate with Royal Bullion Capital Trading to deliver a robust Shariah-compliant gold trading platform. Our expertise in Islamic finance, combined with RBCT's industry leadership, will set a new benchmark for ethical trading practices. This project reflects our shared vision of promoting financial inclusivity and adherence to Islamic principles in global markets." AlHuda Centre of Islamic Banking and Economics (CIBE), a leading global provider of Islamic finance advisory and capacity-building services, has officially entered into a strategic partnership with Royal Bullion Capital Trading, UAE. The collaboration focuses on launching a fully Shariah-compliant gold trading platform, marking a significant milestone in ethical and faith-based financial innovation within the precious metals sector. Under this partnership, AlHuda CIBE will provide comprehensive Shariah Advisory and Consultancy Services to Royal Bullion Capital Trading. The scope of services includes product structuring and certification, annual Shariah advisory, training and capacity building, development of a market penetration strategy, and assistance with company registration and licensing. The initiative is set to enhance compliance with Islamic financial principles while promoting investor confidence and expanding market reach. This partnership reflects a shared vision of transforming the traditional gold trading landscape into one that fully complies with Islamic finance principles, creating new opportunities for growth, trust, and global engagement. About the Organizations AlHuda CIBE is a globally recognized institution specializing in Islamic banking, finance, and capacity building. With a presence in over 35 countries, it offers advisory, research, and training services to promote ethical financial systems. Royal Bullion Capital Trading is a leading Dubai-based gold trading firm with a legacy of excellence in bullion trade, investment, and logistics. Under the leadership of Mr. Murali Krishna, RBC has emerged as a trusted name in the precious metals industry. For Media Contact: Ms. Shaguftta Perveen Manager Communications, info@
