The Halal Times
Global Halal, Islamic Finance News At Your Fingertips
In deepening Islamic finance in Nigeria, Securities and Exchange Commission (SEC), is organising a roundtable workshop on non-interest Capital Market in encouraging state governments to explore the alternative model for financing infrastructure projects through Islamic Capital market products such as Sukuk. The workshop with the theme, “Financing Development through Islamic Capital Market – a Viable …
The Securities and Exchange Commission and the City of London have pledged to work jointly to deepen Islamic finance in Nigeria in order to bring financial inclusion to Nigerian Muslims and non-Muslims averse to traditional financial system and products. The Lord Mayor of London, Mr. Alderman Yarrow, and the Director-General of Securities and Exchange Commission, …
Nairobi will host the first East African Islamic finance summit in December. The summit whose theme is “Unveiling opportunities” is meant to bring together individuals and firms in the region’s financial sector with their Middle East counterparts. The Treasury has floated the idea of using Islamic finance products to fund the country’s mega projects. Regulatory …
Kenya is set to host the first East Africa Islamic Finance Summit (EIAFS2015) that will be held on December 14th at Nairobi’s Villa Rosa Kempinski. The Cabinet Secretary for Treasury Henry Rotich will give a presentation on Kenya’s role in developing East Africa as an Islamic Finance investment destination. The summit themed “Unveiling opportunities”, aims …
The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has urged the management of Jaiz Bank Plc to intensify its public awareness and financial education campaign to showcase benefits of non-interest banking practice in the country. He said such enlightenment could improve the volume of patronage as well as stimulate overall economic …
RAM Ratings has reaffirmed the ratings of Tranche 1 and Tranche 2 of NUR Power Sdn Bhd’s (NUR Power or the Group) MYR 650 million Guaranteed Sukuk Mudharabah (2012/2027) (the Sukuk) at AAA(bg)/Stable and AAA(fg)/Stable, respectively. “The ratings reflect irrevocable and unconditional guarantees extended by Maybank Islamic Berhad and Danajamin Nasional Berhad, respectively, which enhance …
ICD shall be the transaction advisor and global coordinator in the opening CFA about 75.0 billion Sukuk offering for the Government of Niger. ICD would help the Government of Niger in working harmoniously with the relevant advisors, financial consultants, agents and government authorities of Niger and the authoritative lead managers and supervising the Sukuk offering …
Islamic banks have yet to make strategies for attracting large groups of the global Muslim population, limiting the industry’s prospects, according to IMF researchers. Growth of Islamic finance has done little to boost inclusion for individuals and businesses without bank accounts, a research paper from IMF staff said this month. Banks should emphasize on small- …
The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank Group and the African Development Bank (AfDB) are to jointly organize a workshop on the development of Islamic Banking in Africa to be held in Ilorin, Nigeria. The event, which is scheduled for January 6 – 8, 2015, is being organized in collaboration …
NAIROBI, Efforts by Kenya to promote the development of the country as a centre of excellence in Islamic financial products have gathered steam with a meeting here of stakeholders from its Capital Markets Authority (CMA), the Islamic financial services industry, government agencies and international experts. CMA Acting Chief Executive Paul Muthaura told the gathering Tuesday …
The National Treasury is in the process of appointing a steering committee to oversee the establishment of a platform within the capital markets to accommodate Islamic financial products. The plan is to be executed through the Capital Markets Authority Masterplan, which has been under preparation since 2011. This blueprint identifies Islamic finance as one of …
The International Forum on Islamic Finance (IFIF Sudan 2014) is being convened on the 9th and 10th of December 2014 at the Al Salam Rotana, Khartoum, and will feature high-profile discussions that will seek to capture the Africa opportunity for Islamic finance. To be held under the official patronage of the Ministry of Finance & …
