Islam

Royal Saudi Princess Aims to Pay it Forward with Accelerated Giving Through Future Philanthropic Efforts

Retrieved on: 
Tuesday, January 2, 2024

According to research by Macdonald-Laurier Institute , young Canadians are pessimistic about their economic outlook and the consequences of intergenerational inequality.

Key Points: 
  • According to research by Macdonald-Laurier Institute , young Canadians are pessimistic about their economic outlook and the consequences of intergenerational inequality.
  • Household debt in Canada has risen from 95% of the size of the economy in 2010 to 107% in 2021.
  • Prices for homes remain far out of reach for the average citizen, according to the National Bank of Canada’s housing affordability monitor .
  • This is not just platitude, but the guiding principle of how I want to live my life,” said Princess Ameriah.

NWTN Collaborates with Abu Dhabi Islamic Bank for Innovative Auto Financing Solutions

Retrieved on: 
Tuesday, December 19, 2023

DUBAI, UAE, Dec. 19, 2023 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN" or the "Company"), is proud to announce a collaboration with Abu Dhabi Islamic Bank PJSC ("ADIB").

Key Points: 
  • DUBAI, UAE, Dec. 19, 2023 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN" or the "Company"), is proud to announce a collaboration with Abu Dhabi Islamic Bank PJSC ("ADIB").
  • Under the MOU, ADIB will become the first bank in the UAE to offer exclusive auto financing options at a competitive rate to customers purchasing Rabdan vehicles.
  • Through ADIB's tailored financing solutions, NWTN aims to enhance the customer experience and support the growing demand for electric vehicles in the region.
  • This collaboration with NWTN underscores their dedication to fostering environmentally responsible solutions and supporting the nation's transition to a sustainable future.

NWTN Collaborates with Abu Dhabi Islamic Bank for Innovative Auto Financing Solutions

Retrieved on: 
Tuesday, December 19, 2023

DUBAI, UAE, Dec. 19, 2023 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN" or the "Company"), is proud to announce a collaboration with Abu Dhabi Islamic Bank PJSC ("ADIB").

Key Points: 
  • DUBAI, UAE, Dec. 19, 2023 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN" or the "Company"), is proud to announce a collaboration with Abu Dhabi Islamic Bank PJSC ("ADIB").
  • Under the MOU, ADIB will become the first bank in the UAE to offer exclusive auto financing options at a competitive rate to customers purchasing Rabdan vehicles.
  • Through ADIB's tailored financing solutions, NWTN aims to enhance the customer experience and support the growing demand for electric vehicles in the region.
  • This collaboration with NWTN underscores their dedication to fostering environmentally responsible solutions and supporting the nation's transition to a sustainable future.

Asia International Exchange Launches Listings of Two Innovative Tokens: Rahnu Token and Cash Waqf Token.

Retrieved on: 
Friday, November 17, 2023

ALAN MERDEKA,LABUAN, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Asia International Exchange (AIX) has emerged as a centralized cryptocurrency exchange in the world of digital assets, with the launch of two innovative tokens: Rahnu Token and Cash Waqf Token.

Key Points: 
  • ALAN MERDEKA,LABUAN, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Asia International Exchange (AIX) has emerged as a centralized cryptocurrency exchange in the world of digital assets, with the launch of two innovative tokens: Rahnu Token and Cash Waqf Token.
  • To diversify its listings and expand its services in the realm of digital assets, AIX introduces listings of two innovative tokens, Rahnu Token and Cash Waqf Token.
  • The Rahnu token, based on a Shariah-compliant model, represents an innovative step towards asset-backed digital securities, providing investors with an opportunity to engage in ethical and sustainable financial practices.
  • Additionally, the Cash Waqf token reflects AIX's commitment to fostering socially responsible investment opportunities aligned with Islamic finance principles.

AM Best Affirms Credit Ratings of Solidarity Bahrain B.S.C.

Retrieved on: 
Thursday, December 7, 2023

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Solidarity Bahrain B.S.C.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Solidarity Bahrain B.S.C.
  • The ratings also consider, in the form of lift, Solidarity Bahrain’s strategic importance to its parent company, Solidarity Group Holding BSC (c) (SGH), a leading provider of Islamic insurance solutions in Bahrain and Jordan.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of First Insurance Company

Retrieved on: 
Thursday, December 7, 2023

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of First Insurance Company (SFIC) (Jordan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of First Insurance Company (SFIC) (Jordan).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Chat with God Offers AI-Powered Spiritual Guidance

Retrieved on: 
Wednesday, December 13, 2023

SAN FRANCISCO, Dec. 13, 2023 /PRNewswire/ -- In an effort to expand access to spiritual guidance to seekers from all religious backgrounds, the launch of  ChatwithGod.ai comes at a pivotal moment in history to help those seeking spiritual guidance within their own lives and to find common ground with others. This innovative AI-powered platform enables users to engage in conversation, receiving personalized religious verses and comfort. The platform also offers the opportunity to explore for those who identify as agnostic or atheist.

Key Points: 
  • ChatwithGod.ai was founded as a response to the turbulent times we are living in—a digital sanctuary where spiritual well-being is nurtured.
  • As questions evolve, Chat with God responds in turn and scales so that it can share resources in real time around the globe.
  • Over 50 languages are available on Chat with God including English, Spanish, Japanese, Chinese, Arabic, Hindu, German, French, Korean, and Vietnamese.
  • The free version offers unlimited conversations and dialogue with Chat with God.

Azentio Software wins double honours at IBSi Global FinTech Innovation Awards 2023

Retrieved on: 
Monday, December 11, 2023

SINGAPORE, Dec. 11, 2023 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that it won two awards at the 5th edition of the prestigious IBS Intelligence (IBSi) Global FinTech Innovation Awards 2023. The awards were formally presented at the Cedar-IBSi Summit on Digital & Core Banking, recently held in Mumbai.

Key Points: 
  • Awards recognize 'Impact-Generating Implementations' at Summit Bank, Pakistan and Vision Bank, UAE
    SINGAPORE, Dec. 11, 2023 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners , today announced that it won two awards at the 5th edition of the prestigious IBS Intelligence (IBSi) Global FinTech Innovation Awards 2023.
  • The awards were formally presented at the Cedar-IBSi Summit on Digital & Core Banking, recently held in Mumbai.
  • The Global FinTech Innovation Awards seek to honour banks, financial institutions, and technology players for their excellence in innovations using emerging technologies.
  • Applauding Azentio on winning the accolades, Nikhil Gokhale, Director - Research & Digital Properties at IBS Intelligence, said, "Congratulations to Azentio for their well-deserved wins.

Azentio Software wins double honours at IBSi Global FinTech Innovation Awards 2023

Retrieved on: 
Monday, December 11, 2023

SINGAPORE, Dec. 11, 2023 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that it won two awards at the 5th edition of the prestigious IBS Intelligence (IBSi) Global FinTech Innovation Awards 2023. The awards were formally presented at the Cedar-IBSi Summit on Digital & Core Banking, recently held in Mumbai.

Key Points: 
  • Awards recognize 'Impact-Generating Implementations' at Summit Bank, Pakistan and Vision Bank, UAE
    SINGAPORE, Dec. 11, 2023 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners , today announced that it won two awards at the 5th edition of the prestigious IBS Intelligence (IBSi) Global FinTech Innovation Awards 2023.
  • The awards were formally presented at the Cedar-IBSi Summit on Digital & Core Banking, recently held in Mumbai.
  • The Global FinTech Innovation Awards seek to honour banks, financial institutions, and technology players for their excellence in innovations using emerging technologies.
  • Applauding Azentio on winning the accolades, Nikhil Gokhale, Director - Research & Digital Properties at IBS Intelligence, said, "Congratulations to Azentio for their well-deserved wins.

British Council Pioneering Climate Initiatives through Arts, Culture, and Education at COP28 in Dubai

Retrieved on: 
Thursday, December 7, 2023

At COP28, the British Council is highlighting its commitment to climate action through various impactful initiatives.

Key Points: 
  • At COP28, the British Council is highlighting its commitment to climate action through various impactful initiatives.
  • Aida Salamanca, Country Director (UAE) of the British Council, said, "In hosting COP28, the UAE provides a unique platform for global climate discussions.
  • - This research emphasises the importance of international collaboration in climate education and focuses on addressing climate, environmental, and biodiversity crises through girls' education.
  • Engagement and Advocacy in Climate Education: Working on initiatives to integrate climate change education into school curriculums and teacher training programs.