Islamic Finance Set To Tackle Long-Standing Repo Challenge.
Separate but converging efforts are underway in Islamic finance to help develop globally accepted alternatives to conventional repurchase agreements, …
Finance
Religion And Risk Drive Islamic Finance Boom
KUWAIT: When a Muslim cleric told Ahmad Salim that sharia law forbids paying interest, he returned his days-old loan to the bank and turned to the …
Malaysia: “Best Islamic Fund Manager” AmInvest To Merge Units
KUALA LUMPUR: AmInvest will be merging its unit trusts management and funds management companies, AmInvestment Services Bhd (AIS) and AmInvestment …
Global Islamic Finance Assets Pegged At $1.9 tln As Of H1, 2014
For the past fifty years, Islamic finance as an industry has been steadily widening its geographical outreach, serving both sovereign and corporate …
Bahrain’s Role To Be Probed At Seminar
MANAMA — Bahrain, an influential player in the Islamic finance arena, is set to take center stage at a pivotal seminar during the 21st World Islamic …
Indonesia Revises Islamic Banking Rules As Industry Growth Slides
SYDNEY/JAKARTA: Indonesia’s regulator has issued revised Islamic banking rules covering asset quality and capital adequacy to help clarify …
Dubai Islamic Bank Signs US$230 Million Aircraft Financing Deal With Air Arabia
Dubai Islamic Bank (DIB) and Air Arabia announced today the signing of an aircraft financing deal to facilitate the delivery of six new Airbus A320 …
Urgent Need For Training Bankers In Islamic Finance
With Islamic finance (IF) and Islamic financial products (IFP) growing popular worldwide, there is an urgent need for training bankers in IF and IFP, …
AlHuda Developed The Capacity Of Central Bank of Somalia For Islamic Microfinance
A three days comprehensive Capacity building program of Islamic Microfinance was held on demand of Central Bank of Somalia for the development of …
Turkey Treads Fine Line As State-Run Trio Eye Islamic Banking
Three Turkish state-run banks plan to launch Islamic units, widening the reach of interest-free finance in the majority Muslim nation, but the …
Kingdom Gets Recognition As One Of Most Developed Islamic Markets
Acknowledged as one of the most developed Islamic markets, Saudi Arabia is a destination that should not be overlooked, according to Islamic Finance …
BAHRAIN: Islamic Finance Body AAOIFI To Discuss Global Accounting Standards
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is engaging its counterpart in conventional finance …
Islamic Finance Body IIFM Launches Collateralised Murabaha Standard
The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract template for collateralized Murabaha transactions, …
SUKUK PIPELINE – Issue Plans Around The World
DUBAI, Following are major Islamic bond issues in the global pipeline.
The Thomson Reuters Global Sukuk Index is at 115.64836 points, up from …
Philippines Plans To Set Up Halal Ecozone
MANILA, Philippines – The Philippines is planning to set up a halal economic zone in line with efforts to attract more investments. Department …
Bank Nizwa Reflects On The Sultanate’s Islamic Banking Journey At Oman Forum 2014
Muscat— As the Islamic Finance industry enters a new phase of growth in the Sultanate, Dr. Jamil El Jaroudi, Bank Nizwa CEO, joined government …
Enough Room For Dubai And UK At The Sharp End Of Islamic Finance
British observers have criticised and praised The Shard, London’s tallest building, in equal measure.
Points of disagreement range from its …
Indonesia Sharpens Centralised Islamic Finance Oversight
Indonesia’s capital market regulator has signed an agreement with the country’s national sharia board to strengthen oversight of the …
Murabahah Financing For $10 Million Signed Between Intan Baruprana Finance And ICD
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and PT. …
INCEIF / CIMB Islamic Set Up Research Centre For Banking Studies
The Global University of Islamic Finance and CIMB Islamic Bank have signed a Memorandum of Understanding (MoU) to establish a collaborative framework …
Malaysia: CIMB Islamic Signs MoU With INCEIF
KUALA LUMPUR: CIMB Islamic Bank today signed a memorandum of understanding (MoU) with the Global University of Islamic Finance (INCEIF) to build a …
Tapping Potential Of Islamic Finance
ISLAMIC finance is a fast-rising star and the world’s financial centres are already staking claims to this growing segment of the market.
Sultan of …
Dubai’s Financial Free Zone To Double In Size By 2024 – Says Governor
DUBAI – Dubai International Financial Centre (DIFC) is well on track to double in size over the next decade with companies from China and …
Perpetual Sukuk Debut By AirAsia Attracts New Potential Investors
Malaysia is leading global sales of perpetual sukuk as a planned offer by Asia’s biggest budget airline brings Islamic finance to a broader range of …