Latest news with #AlHudaCIBE
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@
Yahoo
18-04-2025
- Business
- Yahoo
Global Islamic Fintech Forum Kicks off in Dubai
AlHuda CIBE Convenes Leaders to Discuss Innovation and Technological Advancements DUBAI, United Arab Emirates, April 18, 2025 (GLOBE NEWSWIRE) -- AlHuda Centre of Islamic Banking and Economics (CIBE) successfully concluded the 2nd Global Islamic FinTech Forum 2025 on April 15, 2025, at the Dusit Thani Hotel in Dubai, United Arab Emirates. This pivotal event convened a diverse and influential gathering of industry leaders, policymakers, Shariah scholars, and technology innovators from 30 countries across different continents, all united to explore the transformative potential of Islamic FinTech and its evolving landscape. The forum delivered a dynamic program featuring keynote addresses, engaging panel discussions, and specialized technical sessions, providing a platform for in-depth analysis of the latest trends, opportunities, and challenges within the Islamic FinTech sector. This prestigious event was sponsored by Smart System Marine Equipment Repairing LLC, Wave, Royal Bullion Capital Trading LLC, Infoland – Custom Software Development & Digital Solutions, and DALO Enterprises. The event commenced with an insightful Welcome Address by Mr. Muhammad Zubair, Managing Director of AlHuda CIBE FZ LLE, UAE, which set the tone for the forum's focus on innovation and the future of Islamic finance. The opening ceremony was further enriched by the presence of esteemed Guests of Honor, including H.E. Haisham Mohamed, Minister Counsellor, Embassy of the Republic of Maldives, UAE, H.E. Nameer Khan, Chairman, MENA Fintech Association, UAE, H.E. Tariq Rashid Mohamed AlGhazal Alsuwaidi, Department of Economic Studies, Ministry of Economy, UAE and H.E. Zayyan Ibrahim, Consul General of the Federal Republic of Nigeria, UAE. These dignitaries highlighted the critical role of Islamic FinTech in driving economic growth and fostering greater financial inclusion worldwide. Throughout the forum, discussions explored a wide spectrum of key themes shaping the trajectory of Islamic FinTech. These included the evolving landscape of Islamic FinTech in cash-focused markets, the application of GenAI in the insurance sector, the strategic importance of technology partners in accelerating growth, Shariah-compliant WealthTech, and sustainable energy solutions within the Islamic FinTech ecosystem. The forum also examined the intersection of Islamic banking and FinTech in the UAE, the revolutionary impact of Blockchain technology on asset management, and the crucial role of Islamic FinTech in promoting financial inclusion. Emerging technologies such as Robo-advisors, Metaverse applications (AR/VR), Neo and Digital Banking platforms, Central Bank Digital Currencies (CBDCs), and Blockchain solutions were also prominent topics of discussion, highlighting their increasing integration within Islamic FinTech. Notably, the forum addressed the anticipated emergence of Metaverse (Islamic) banks within the next five years, signaling a significant shift towards immersive digital financial experiences. A central focus of the forum was the remarkable growth of the Islamic FinTech sector, which is expanding at a faster rate than any other component of the Islamic finance industry. The global Islamic FinTech market is currently comprised of 512 companies and is projected to exceed 1000+ by 2027, demonstrating the sector's increasing prominence and its potential to provide ethical and inclusive financial solutions. Mr. Zubair Mughal, CEO of AlHuda CIBE, emphasized the transformative power of Islamic FinTech, stating, 'The Islamic FinTech industry is poised to reshape the future of finance by offering sustainable and inclusive financial solutions. This industry enables ethical innovation across sectors such as alternative finance, Blockchain, crowdfunding, and digital banking, enhancing financial inclusion while adhering to Shariah principles'. Moreover, the forum was followed by one day post event workshop on 'Operational and Practical Aspects of Islamic FinTech' dated 16th April, 2025. The workshop covered industry emerging topics. For more details visit: Looking ahead, AlHuda CIBE announced its plans to launch a dedicated trading forum for Shariah-compliant Carbon Credits in 2025, further demonstrating its commitment to promoting sustainable and ethical financial practices. The forum also hosted the 2nd Global Islamic FinTech Awards Distribution Ceremony, recognizing outstanding contributions and innovations within the industry. Mr. Ali Zeb Khan, Trade & Investment Counsellor Consulate General of Pakistan, UAE, served as the Chief Guest for this prestigious event. 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 Perveeninfo@ in to access your portfolio
Zawya
17-04-2025
- Business
- Zawya
Global Islamic fintech leaders honored in Dubai
Dubai – UAE: The 2nd Global Islamic FinTech Forum (GIFT 2025), organized by AlHuda Centre of Islamic Banking and Economics (CIBE), concluded with overwhelming success in Dubai, UAE. The landmark event brought together a distinguished community of Islamic finance experts, policymakers, tech disruptors, and Shariah scholars from across the globe. In parallel with the forum, AlHuda CIBE hosted the Global Islamic FinTech Awards 2025, a powerful celebration of excellence, honoring organizations and individuals at the forefront of Shariah-compliant innovation. As the Islamic FinTech industry continues to flourish—currently valued at $100 billion and projected to reach $180 billion by 2026—this awards ceremony served as a global stage recognizing bold innovation, ethical financial inclusion, and groundbreaking digital solutions. The event amplified collaboration and dialogue in a synergistic atmosphere, where participants explored frontier developments in digital banking, Blockchain, Islamic insurance (Takaful), crowdfunding, and wealth management. AlHuda CIBE proudly presented 29 prestigious awards to organizations and professionals making game-changing contributions to the Islamic FinTech ecosystem. Among the honorees was Blade Labs, who received the Best Islamic FinTech Startup award for their pioneering Blockchain innovation. Primary FZCO was recognized with the Best Islamic Blockchain Solution award for bringing transparency and Shariah-aligned trust to digital finance. Sukoon Takaful P.J.S.C was honored as the Best Takaful Platform, redefining ethical risk protection. The digital banking landscape was dominated by ruya Bank, awarded Best Islamic Digital Bank, and Mashreq Al Islami, recognized as the Best Global Islamic Digital Bank—both setting new standards for faith-driven convenience. Watania Takaful Family PJSC received the Most Innovative Takaful Company award, while TAIF Digital Institute earned recognition as the Best Islamic FinTech Education Provider. ComTech Gold was celebrated for Best Islamic Financial Product Innovation, and Tontine Trust Europe won for Shariah-Compliant Investment Platforms. Further recognition went to The Soltesz Institute, awarded Best Payments & Banking Platform, and Infoland as Best Islamic FinTech Solutions Provider (Central Asia). Royal Bullion Capital Trading LLC claimed the Best Islamic Gold Online Bullion Traders award, while Dalo Enterprises earned Outstanding Leadership in Structured Financing Solutions. Sheikh Maktoum Neo Technologies was awarded Excellence in Sustainable Investments, and Smart System Marine received the Sustainable Innovative Energy Solution award for maritime sustainability. The awards also recognized individual excellence, with Sheik Muhammad Muneer Beeharry receiving the Best Legal Influencer in Islamic Finance, and Dr. Hatim El Tahir, Founder of SukukSpace, honored as the Best Islamic Finance Contributor. Mr. Nik Joharris Nik Ahmad, Country Head of Maybank Islamic, was named Emerging Islamic Banking Leader, while Jawad Mahmood took home Emerging Leader in Islamic FinTech, and Abdul Samad of AlHuda Financial was awarded Emerging Leader in Islamic FinTech Development. Fahad Mukhtar, Executive Director at AlHuda Financial, earned the Best Emerging Innovator in Islamic Finance, and Sardar Umar was named Emerging Islamic Entrepreneur. Ms. Mouza Mohammad Rashed Al Naqbi, Senior Branch Manager at Abu Dhabi Commercial Bank, was celebrated with the 20-Year Legacy Award for Excellence in UAE Banking, honoring two decades of Shariah-aligned financial leadership. Other key recognitions included the Best Real Estate Publication Award to Property Time, the Best Halal Industry Promoter to Halal Food Industries, the Contribution in Sustainable Energy award to Solarize Energy Solution, and Emerging Innovative FinTech Solutions to Finansu. Mr. Muhammad Zubair, Managing Director of AlHuda CIBE, delivered a compelling message during the ceremony: 'These awards symbolize more than recognition—they are a declaration of a future where finance is anchored in ethics, inclusion, and faith. Islamic FinTech isn't merely adapting to disruption; it is leading the global financial transformation with a moral compass. Tonight, we honor those who prove that digital innovation and divine guidance are not parallel paths but one powerful journey.' The awards ceremony, held alongside the GIFT 2025 Forum, further solidified Dubai's role as a global hub for Islamic digital finance, setting the stage for deeper regional and international collaboration. With thought-provoking sessions, strategic networking, and pioneering showcases, the event reinforced the commitment of Islamic finance stakeholders to redefine the global financial landscape with purpose, precision, and principles. 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 Pervee Manager Communications info@
Zawya
09-04-2025
- Business
- Zawya
Dubai to host the 2nd Global Islamic FinTech Awards 2025
Dubai – UAE: The 2nd Global Islamic FinTech Awards organized by AlHuda Centre of Islamic Banking and Economics (CIBE) will take place on April 15, 2025 at the Dusit Thani Hotel Dubai, UAE. This esteemed event will recognize and honor groundbreaking achievements in Islamic FinTech, spotlighting the individuals, organizations and initiatives that are driving the convergence of financial technology and Shariah-compliant solutions. As the Islamic FinTech sector continues to flourish—valued at $100 billion and projected to reach $180 billion by 2026—the awards ceremony will serve as a global platform to celebrate innovation, ethical finance, and financial inclusion. The event will coincide with the 2nd Global Islamic FinTech Forum (GIFT 2025), creating a synergistic environment for knowledge-sharing, networking, and collaboration among industry leaders, regulators, and innovators. They will explore cutting-edge developments in digital payments, Blockchain solutions, Islamic crowdfunding, and wealth management. The awards will honor achievements across a diverse range of categories, including Best Islamic FinTech Startup, Shariah-Compliant Investment Platforms, Tech for Social Good, Best Islamic Digital Bank, and Best Islamic Blockchain Solution. Other notable categories include Best Islamic Cryptocurrency and Excellence in Islamic FinTech Regulation, showcasing the breadth of innovation in the sector. Nominations are open through self-submissions or research-based recommendations by AlHuda CIBE's expert team. The deadline for submissions is April 12, 2025 with finalists announced on April 13, 2025. Mr. Muhammad Zubair, Managing Director of AlHuda CIBE, emphasized the significance of the awards: "The Global Islamic FinTech Awards are more than just recognition—they are a catalyst for growth and innovation in ethical finance. By honoring trailblazers in this space, we inspire further advancements that align with Islamic principles while addressing global financial challenges." Organizations and individuals are invited to submit nominations by completing the Awards Form available at and emailing it to info@ Attendees can also register to witness the celebration of excellence at the Dusit Thani Hotel, UAE. 2nd Global Islamic Fintech Awards 2025 is a must-attend event for FinTech entrepreneurs, investors, policymakers and Islamic finance professionals seeking to shape the future of ethical digital finance. 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
25-03-2025
- Automotive
- Zawya
AlHuda CIBE and Autosoft Dynamics agreement inked to promote end-to-end Islamic banking suite
Dubai – UAE: Alhuda Center of Islamic Banking and Economics (CIBE), a globally recognized leader in promoting Islamic banking and finance, has signed a landmark agreement with Autosoft Dynamics, a renowned banking software solutions provider, to introduce cutting-edge core banking system along with end-to-end Shariah Compliant Islamic Suite (Consumer & Commercial) for Banking / Non-Banking / Microfinance and Lending Portfolio new setups and conversions. This collaboration aims to address the growing demand for high-quality Shariah Compliant Banking systems in the rapidly expanding market. This partnership between Alhuda CIBE and Autosoft Dynamics is set to bridge the gap of the scarcity of availability of Sharia-compliant banking suites. Mr. Muhammad Zubair, CEO of AlHuda CIBE, expressed his enthusiasm about this partnership: "We are excited to join hands with Autosoft Dynamics. This collaboration is a significant step in revolutionizing the global Islamic banking sector by providing specialized and advanced solutions tailored for specific markets and as per local regulations and statutory compliance. Our goal is to equip financial institutions with the best tools to enhance efficiency, transparency, and compliance with Islamic financial principles." He added that, together with AutoSoft Dynamics, we will empower Islamic financial institutions to operate more efficiently, transparently, and fully in compliance with Sharia principles. We are confident that together, we will set a new standard in the industry and contribute to the sustainable growth of Islamic banking worldwide. AlHuda CIBE and Autosoft Dynamics have worked together for over 20 years as trusted partners in promoting innovation and excellence in Islamic finance technology. This agreement strengthens their long-standing relationship, paving the way for groundbreaking advancements in the sector. AutoSoft Dynamics, Pakistan's leading provider of financial and banking automation solutions, is part of Constellation Software Inc. (CSI), Canada's largest software company with operations in 100+ countries. With a commitment to innovation, AutoSoft is transforming banking through its cutting-edge solutions entailing microservices architecture, API-driven open banking, and flexible cloud, on-premises, and hybrid deployments. Serving commercial banks, retail banks, MFIs, and DFIs, AutoSoft offers highly configurable and parameterizable solutions and is backed by 24/7 expert support. With over 3,300 successful banking site installations across the Middle East, Asia, and Africa, AutoSoft continues to drive efficiently, enhance customer service, and minimize implementation risks for financial institutions. Mr. Shahzad Rafique, COO of Autosoft Dynamics, highlighted the significance of this partnership: " we are excited to collaborate with AlHuda CIBE to offer a world-class Islamic Banking MIS system. Our mission has always been to provide financial institutions with innovative and efficient solutions. With this partnership, we aim to support the growing Islamic banking industry with advanced technology that meets the highest 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: For Media Contact: Ms. Shaguftta Perveen Manager Communications info@
