FNB Islamic Banking named the Best Islamic Banking Window for the eighth year running

FNB Islamic Banking has been awarded the Best Islamic Banking Window for the eighth consecutive year at the 14th annual Global Islamic Finance Awards (GIFA). In addition, the business was also awarded the GIFA Special Award for Sukuk Arranging, for being one of the lead arrangers of a South Africa Rand-denominated Sukuk.

2min read. See more about Sukuk in the Investments section below.

South African Banks Show Resilience Amidst Economic Turbulence

According to the Banking Association of South Africa, overall profit growth across the banking sector for the first half of 2024 was approximately 17%, presenting the sector’s strength amid economic uncertainties.

Read more on how the sector can and does contribute to the economy. 3min read

How banks are fuelling the resilience of the insurance sector amid economic pressures

For some time now, an increasing number of consumers have turned to banks for funeral insurance, contributing to the surprising resilience of the insurance industry, despite shrinking households’ disposable incomes in the past year.

2min read