The Halal Times
Global Halal, Islamic Finance News At Your Fingertips
Bishop David Oginde’s opinion piece “Why expansion of Sharia laws remains perturbing” published in the Sunday Standard last weekend gave the impression that some proposed reforms in the Finance Bill 2017 portend danger simply because they touch on Islamic financial products. Bishop Oginde was clever in his approach but his message was loud and clear; Reforms to …
Islamic banking is quickly gaining popularity in the Kenyan market, and banks have been quick to tailor the product accordingly. Global regulations on Islamic banking dictate that for any institution to call itself an Islamic financing institution, there must be a Sharia supervisory and advisory board whose role is to ensure that the products or …
The way Muslims do business is based on free-market economics, but it provides a far more equitable and sustainable economic model than the dog-eat-dog world of Western capitalism. This was a strong underlying message to come out of a recent conference on Islamic banking in Sandton. Islamic finance, which is governed by shariah (Islamic law), …
NAIROBI, KENYA – Although Islamic Banking is at an early stage, the faith-based lending model is becoming a growing trend in the Kenyan financial sector. It is showing indicators of exponential growth. The joint expansion of Islamic finance activities in the region and the huge Muslim population can be largely attributed to reforms in regulatory …
ICD) – The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of IDB Group, and Agib Bank Ltd have entered into a Joint Strategic Collaboration to finance private sector entities in The Gambia. On behalf of the CEO of ICD, Mr Khaled Al Aboodi, Mr. Mohammed Alammari, Director of …
