The Halal Times
Global Halal, Islamic Finance News At Your Fingertips
Global standard-setting bodies and the regulatory community in the past few years have increased their focus on strengthening the monitoring and supervision of the liquidity profile and risk management framework of financial institutions. While these changes reflect the regulatory response to lessons learnt during the global financial crisis, they also reflect the enhanced role of …
Hong Kong’s government will hold investor meetings next week for its maiden Islamic bond issue, a spokeswoman for the Hong Kong Monetary Authority said on Thursday. A meeting will be held in Hong Kong on Monday before one in Singapore on Tuesday, Kuala Lumpur on Wednesday and meetings in Dubai, Doha, Abu Dhabi and London …
Deloitte: Bank M&A transactions set to outpace GDP growth in emerging markets World trade flows, increased gross domestic product (GDP), a growing middle class and new technologies will help banks based in emerging markets expand into developed markets in the coming year. According to Deloitte’s latest report “Banking across borders: International expansion opportunities for emerging …
DUBAI The Dubai Islamic Economy Development Centre, DIEDC, in partnership with Thomson Reuters and the Dubai Chamber of Commerce and Industry, has launched a report outlining key findings from the Global Islamic Economy Summit, GIES, 2013. The GIES 2013 Review details the discussions of 25 sessions held at the summit and outlines key recommendations across …
For years, Islamic banks have been growing at a double digit pace. Ernst and Young (E&Y), in their latest World Islamic Banking Competitiveness report, shows the assets of Islamic banks grew at an average rate of 17% per year between 2008 and 2012. This is two to three times faster than the rate at which …
Kenyan Consul General meets Expo Centre CEO Explore ways to strengthen trade ties Sharjah, 13th July 2014: Amid rising bilateral trade with the UAE, Kenya — the commercial powerhouse of East Africa – is trying to open up new channels of trade between the two countries. In a recent meeting with Mr. Saif Mohammed Al Midfa, …
TUNIS – The Tunisian government is studying the possibility to present cash collateral highways, for the issue of Islamic sukuk so as to mobilise funding from 180 to 300 MTD in 2014, according to Minister of Economy and Finance Hakim Ben Hammouda. The Minister underlined, Wednesday during a hearing session held by the Finance, …
Taipei/Muscat: He is a one-man army but this has not stopped the only Omani official based in Taiwan from making impressive achievements in promoting the Sultanate among the 23 million strong population. Since taking the helm as director of the Commercial Office of the Sultanate of Oman in Taiwan, Sulaiman Bin Sultan Al Mughairy, has …
The Saudi Investment Bank, An Islamic Bank reports quarterly profits up from SAR 320.4 million a year ago and up 4.56 per cent from SAR 337.5 million in Q1 2014. H1 2014 profits were SAR 690.4 million, up 8.78 per cent. Earnings per share rose from SAR 1.06 to SAR 1.15. Total assets were up …
Bahrain-based BBK has announced that its City Centre Branch in Manama will be open during evening hours throughout the Holy Month of Ramadan. BBK has extended the branch hours in order to serve clients who wish to apply for personal loans, mortgage loans, car loans and credit cards. The City Centre Branch will be open …
What’s so Islamic about Islamic finance? Do you have to be a Muslim to do it? Does it make more money than conventional finance? Here’s a quick guide with everything you need to know London is hosting a meeting of the World Islamic Economic Forum – the first city in a non-Muslim country to do …
Senegal beat South Africa and Nigeria to market with sub-Saharan Africa’s biggest sovereign sukuk, clearing the path for the continent’s biggest economies to follow with debut Islamic bonds. Senegal opened a sale this week for 100 billion CFA francs ($208 million) of the debt that will close July 18, tapping a global market that may …
