Global Halal, Islamic Finance News At Your Fingertips
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, will introduce Islamic banking products in Azerbaijan and lobby for changes in country’s banking legislation in order to incorporate Islamic banking. This will be realized in accordance with the Memorandum of Understanding (MOU) the …
ICD Signs MOU to Introduce Islamic Banking in AzerbaijanRead More
The Iranian-Islamic traditional medicine emphatically gives prominence to each individual’s temperament – or to use the Persian equivalent ‘Mizaj’- as a determining and key factor in deciding one’s lifestyle. In the Iranian-Islamic traditional medicine the excess or less of warmness and humidity define four essential temperaments of “Warm and Wet (sanguine or Damawiy)”, “Warm and …
The first major step to implement much-needed reforms in the Iranian banking sector is to be taken by the government in summer when it submits the Banking Reform Bill to the Parliament, the governor of the Central Bank of Iran said. “It is predicted that the Banking Reform Bill will be sent to Majlis by …
Banking Reform Bill to Be Discussed In Iranian ParliamentRead More
Baku, Fineko/abc.az. On May 19, a business breakfast of Sberbank and KPMG on “Counterpart Financing: #NewReality” was held in Kazan within the framework of “Russia-Islamic World: KazanSummit 2017”. The moderators of the breakfast were Vugar Aliyev, Head of Financial Services at KPMG in Russia and the CIS, Managing Partner of KPMG in Azerbaijan, and Behnam …
KPMG, Sberbank Agree on Counterpart Financing at Kazan Summit 2017Read More
TEHRAN – The 11th national exhibition on hijab and dignity is being held at Tehran’s Shahr-e Aftab Fairground. The event, which opened on May 3 and runs through May 13, follows the aim of making people acquainted with Iranian-Islamic products, Fars quoted Hamid Qobadi, the secretary of the working group on fashion and cloths as …
National Exhibition on Hijab and Dignity Underway In TehranRead More
The government has instructed five ministries and Iran’s Cultural Heritage, Handicrafts and Tourism Organization to form a taskforce whose sole responsibility is to ensure Tabriz’s hospitality will live up to its status in 2018. In December 2015, tourism ministers of the Organization of Islamic Cooperation member states selected Tabriz as the capital of Islamic tourism …
TEHRAN – The deputy culture and tourism minister of the Republic of Azerbaijan has held talks with provincial authorities of East Azarbaijan in northwest Iran, laying out a roadmap for widening cooperation thanks to countless mutual commonalities, CHTN reported on Saturday. During his April 26-27 visit to Tabriz, the capital city of East Azarbaijan, Adalat …
According to a report by the Iranian Cultural Center in Kyrgyzstan, the Hijab, with all its beauties, has become common not only among women in religiously devout families but also those with secular views. A Hijab-wearing woman is no longer viewed in the Central Asian country as being rural and those who wear the Hijab …
Wearing Hijab Viewed as an Informed Choice in KyrgyzstanRead More
TEHRAN, Apr. 09 (MNA) – On the sidelines of ISBF annual meetings in Kuala Lumpur, central banks of Iran and Malaysia agreed to bolster bilateral banking relations. The Islamic Financial Services Board (IFSB) Annual Meetings and Side Events 2017 was held in Kuala Lumpur, Malaysia on April 04-06, co-hosted by the Central Bank of the …
Now that most economic sanctions on Iran have been lifted, the international Islamic finance industry needs to brace itself for fundamental changes when the world’s largest Shariah-compliant banking system readies to enter the global financial stage. Iran, the only Muslim country besides Sudan where the entire financial industry is based on Shariah law, currently accounts …
Iran Set To Shake Up The Global Islamic Finance IndustryRead More
Nov 16 Kazakhstan’s parliament has approved legislative amendments to facilitate Islamic finance, paving the way for Central Asia’s largest economy to issue its first sovereign sukuk next year, a government official said. The amendments, which still require the president’s signature, would also allow for the conversion of conventional banks into Islamic ones, said Yerlan Baidaulet, …
Kazakhstan Set For Debut Sovereign Sukuk In Early 2016Read More
RAM Ratings has reaffirmed the AA2/Stable rating of the Development Bank of Kazakhstan Joint-Stock Company’s (DBK or the Bank) MYR 1.5 billion Sukuk Murabahah Programme (2012/2032). The rating reflects the credit strength of the Government of Kazakhstan (GOK, rated AA2(pi)/Stable/P1(pi)), given RAM Rating’s opinion of a very high likelihood of support in times of need. DBK, ultimately …
Development Bank Of Kazakhstan’s AA2 Ringgit Sukuk Rating Reaffirmed By RAM RatingsRead More
