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Raqami Islamic Digital Bank receives approval to launch in Pakistan

Raqami Islamic Digital Bank (RIDB) obtained a no objection certificate (“NOC”) and in-Principal Approval (IPA) from the State Bank of Pakistan (SBP) to establish an Islamic digital retail bank in Pakistan under the Licensing and Regulatory Framework for Digital Banks (the Framework).

Where do Shariah-compliant mutual funds stand in Bangladesh

Recent media reports regarding the solvency of certain Islamic banks in Bangladesh highlight existing hurdles. For a wider investment universe to emerge, there needs to be a tide that floats the entire Islamic finance system in Bangladesh. Foremost is the credibility of Islamic banks, which is imperative to the prosperity of Shariah mutual funds

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