Tag: Islamic Finance

MURIC Urges NAICOM to Reverse Ban on Co-Insurance with Takaful Firms

The Muslim Rights Concern (MURIC) has appealed to the National Insurance Commission (NAICOM) to withdraw its recent circular prohibiting...

Global Islamic Finance Market Set to Surpass $9.7 Trillion by 2029 – LSEG & ICD Report

The global Islamic finance industry is on course to reach US$9.7 trillion by 2029, expanding at an estimated average...

Global Islamic Economy Summit 2025 Kicks Off in Istanbul with Focus on Innovation and Strategic Growth

The highly anticipated second edition of the Global Islamic Economy Summit, organized by AlBaraka, officially commenced in Istanbul on...

NAICOM Highlights the Growing Potential of Islamic Finance

The National Insurance Commission (NAICOM) has emphasized the shortcomings of conventional financial systems in addressing the complex risks faced...

Islamic Finance in Nigeria Reaches $3.8 Billion Milestone, Says NAICOM Chief

Islamic finance in Nigeria has grown substantially, now representing approximately three percent of the country's financial market with a...