Japan’s 3 Major Banks Eye Islamic Finance Services  Overseas
TOKYO – Japan’s 3 megabanks are trying to conceive how they will offer financial services under Islamic law overseas now that the …
Finance
Belgian University Launches Diploma Courses In Islamic Finance
The School of Management of the University of Louvain in Belgium launched a diploma in Islamic Finance. The courses which will run with the help of …
Gulf Bank Joins Hands With National Fund’s SME Debt Program in Kuwait
Developed by the Kuwait National Fund for SMEs Development and established under law to encourage centralized business activities in Kuwait by …
Turkey’s Bank Asya Sells Stake In Tamweel Africa To ICD
In a statement to Borsa Instanbul on 8 January, Bank Asya (Asya Katilim Bankasi) revealed it is selling the whole of its 40 per cent stake in Tamweel …
Bangladesh To Seek ITFC Funds At Reduced Interest Rates
Bangladesh bids for further cut in interest rate on loan from the International Islamic Trade Finance Corporation (ITFC) to help lower the cost of …
Top Four Reasons To Ban Interest From Banks
The author of this blog post and President of the Japan Institute Of Islamic Finance (JIIF), H. Maqsood Ahmed, recently got a chance to go through an …
Islamic Financial Services: SBP To Launch 3rd FICF Round On January 9
State Bank of Pakistan will launch the 3rd Financial Innovation Challenge Fund (FICF) round on 9th January 2015, in Islamabad. Finance Minister Ishaq …
Is Japan Ready To Enter Into the Field Of Islamic Finance Yet?
Although Japan is the third-largest economy in the world, it does not yet allow its banks to involve in any non-banking-related activities such as …
DIEDC Sets Ambitious Course Ahead to Achieve Dubai’s Islamic Economy Goals
Board Reviews Initiatives, Progress and Outlines Future Plans
Dubai – His Excellency Mohammed Abdullah Al Gergawi, Chairman of the Sheikh …
12th Islamic Financial Services Board Summit To Be Held In Almaty
The 12th Sammit of the Islamic Financial Services Board (IFSB) will take place in Almaty from May 19 to 21, Tengrinews reports citing BNews.kz. It is …
Scarcity Of Professionals Hurting Islamic Finance Industry
As we mentioned in one of our previous articles on this website, the Islamic banking & finance industry is facing a huge shortage of experts who …
Jordan Likely To Issue Islamic Sukuk Next Month
Jordan likely to issue Islamic sukuk next month.
The Central Bank of Jordan (CBJ) is likely to begin managing the first issue of Islamic sukuk …
IDB, AfDB, Others Partner For Islamic Banking Workshop
The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank Group and the African Development Bank (AfDB) are to jointly …
The 12th IFSB Summit To Be Held In Almaty, Kazakhstan
The Islamic Financial Services Board (IFSB) is pleased to announce that the 12th Annual Summit will be held on 19 – 21 May 2015 in Almaty, …
Saudia: A Game-Changing Strategy For Al Kifah Holdings Financial Arm
Tamweel for trading & Installment Company ( TTIC ) assigns Shariyah Review Bureau as it ambitiously looks at accelerating Shari’a compliant …
2nd Islamic Economy Awards presentation On January 14
Initiated by the Dubai Islamic Economy Development Centre (DIEDC) and organised by the Dubai Chamber of Commerce and Industry and Thomson Reuters, the …
NCB Capital Wins Best Asset Manager In The Middle East Award
NCB Capital has won the Best Asset Manager in the Middle East Award at the Islamic Business & FinanceAwards 2014.
Presented at a gala ceremony …
Bahrain’s Banks Maintain Growth Momentum, Says Bahrain Association Of Banks
Bahrain hosts 404 financial institutions of which 116 are banks. Of these 29 are retail banks and 76 in the wholesale sector. In total, 34 are …
NBK Capital MENA Initiates ADIB Egypt With BUY
NBK Capital MENA initiated coverage of ADIB Egypt (ADIB) on 28 December with a “Buy” recommendation and a fair value of EGP 8.80 per share, implying …
Islamic Finance Industry Goes Global – Dr. Adnan Chilwan
Islamic finance has witnessed remarkable growth over the last four decades since the establishment of Dubai Islamic Bank as the world’s first such …
“KFH” Wins “Bank Of The Year Kuwait” 2014 Award From “The Banker”
Kuwait – The Banker Magazine, a publication owned by The Financial Times, awarded Kuwait Finance House (KFH) the “Bank of the Year …
Islamic Banks To Dominate Financial Sector In Brunei Darrussalam
Brunei’s financial system is transitioning to one in which Islamic banking and takaful will be the dominant forms of banking and insurance, said …
Dubai Closer To Becoming Islamic Finance Hub
The global Islamic economy continued to grow in 2014, and Dubai made solid progress towards its ambitious target to be the hub of the estimated $6.7 …
BisB Wins Best Islamic Bank In Bahrain Award
Bahrain Islamic Bank (BisB) has won the British publication International Finance Magazine’s (IFM) Best Islamic Bank Award in Bahrain for …