For the week of August 8^th to 13^th, 2022, there were some key developments in the Global, Regional and Nigerian Islamic Finance Market.  

Some of the key events include: 

JAIZ Bank Marks 10 Years as Nigeria's Pioneer Non-Interest Bank

The management of JAIZ Bank Plc, Nigeria's pioneer Non-Interest Bank, appreciated stakeholders, shareholders and Nigerians for the support rendered to the financial institution as it marked a decade in operations. 

It restated its commitment to supporting Nigeria's economic development through the non-Interest finance segment and driving financial inclusion. 

Islamic Finance Institutions Factoring Tech and ESG in Risk Management

According to Islamic Finance news, Islamic Finance Institutions post-COVID-19 and the current uncertainties generated by the Russia-Ukraine war prioritize adopting technology and 'Environment, Social and Governance as practical tools for risk management. 

The institutions believe a sustainable environment and cybersecurity are crucial to navigating the various challenges facing companies worldwide. 

IsDB Invites Nominations for the Prize for Impactful Achievement

The Islamic Development Bank announced that it is inviting nominations for the ISDB prize for Impactful Achievement in Islamic Economics for 2023. 

Winners will receive the following category of prizes:

First Place: US$100,000

Second Place: US$70,000

Third Place: US$30,000  

BIM Partners UK Islamic Fintech On Newly Launched Be U

According to Islamic Market, Bank Islam Malaysia Berhad (Bank Islam) and United Kingdom-based Islamic Fintech Kestrl have partnered to deploy personal financial management features for Bank Islam's newly launched digital bank 'Be U.' 

The collaboration will deepen the reach of Islamic banking products to over 350,000 young and digitally savvy users.