Global Halal, Islamic Finance News At Your Fingertips
Manama, Kingdom of Bahrain, Barcelona, Spain – The General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions, and the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) and the Chamber of Commerce of Barcelona are co-organising the 3rd Mediterranean Islamic Finance Forum, themed “Building Bridges” on the …
3rd Mediterranean Islamic Finance Forum to take place in SpainRead More
Couple of days ago, I was shocked to know that the International Bank of Azerbaijan (IBA), the Central Asian country`s largest and the only state-owned bank, had closed its Islamic banking department. What a great misread on its part! Though, the bank did not cite any specific reasons to close the Islamic finance window, it …
The UK has sought to put itself at the forefront of Islamic finance and made a loud statement of intent in 2014 with the issuance of its GBP200 million (US$312.4 million) Sukuk – the first to be issued by a European government. While this was certainly a high point for Islamic finance in the UK, …
Islamic Finance In The UK: Recent Developments Building On Strong FoundationsRead More
Alassane Ouattarra, president of the Republic of Cote d”Ivoire, will officially open this 2-day event organized by the Islamic Corporation for the Development of the Private Sector, which is part of the Islamic Development Bank Group. As the third-fastest growing region in the world, outside interest is also gaining momentum with the continent an increasingly …
Africa Islamic Finance Forum To Be Held In Cote d”IvoireRead More
To be held on September 8-9, 2015 at Bogazici University, Albert Long Hall, Istanbul, Turkey The World Bank Global Islamic Finance Development Centre, (GIFDC) based in Istanbul, Turkey is a knowledge hub aimed to help the World Bank member countries take advantage of the rapid growth and potential of Islamic financial industry for economic development. …
Inaugural World Bank Symposium On Islamic Economics & Finance To Be Held In IstanbulRead More
Samina Akram left her job at Merrill Lynch International Bank eight years ago to start her own consultancy in London specializing in Shariah-compliant finance. Now she’s seeking to empower women in male-dominated Islamic banking. What started as an informal ladies lunch club with other women in the industry will this week become the first global …
Ex-Merrill Lynch Banker Takes On Male-Dominated Islamic Finance IndustryRead More
Speaking at a conference in Singapore, Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore listed a number of key trends which can help boost cross border Islamic finance trade between Asia and the Middle East. Ms Loh commented on the global Islamic finance industry being on an upward growth trajectory in the …
Growth Drivers Of Islamic Finance Trade Between Asia And The Middle EastRead More
The Bank of London and the Middle East (BLME), a Sharia compliant bank based in London along with Lloyds Bank have arranged the World’s First Islamic-Structured PDP Helicopter Financing deal. BLME acting as the original Islamic facility participant, under a master Murabaha facility agreement, with Lloyds Bank as the original lender under a conventional facility …
UK Banks Arrange First Islamic-Structured Helicopter Financing DealRead More
The Islamic finance system has arisen due to various religious and economical reasons and, in general, it is a system where any and all kinds of financial activities and transactions are applied within the scope of Islamic rules. This market is established based on applying the principles and rules brought in by Islam to the …
KT Bank is the first bank in Germany to offer a comprehensive range of financial products and services under the principles of Islamic banking. Kuveyt Türk opened a representative office in Germany back in 2004 and received a partial banking licence in 2010. The bank applied for a full banking license from the German Federal …
Kuveyt Turk Subsidiary Opens For Islamic Business In FrankfurtRead More
Capital Intelligence (CI) has lowered the Financial Strength Rating (FSR) of Kuwait Finance House K.S.C. (KFH) to ‘BBB’ from ‘BBB+’. The new rating is supported by KFH’s dominance of the Islamic banking sector in Kuwait, as well as its large overall market share in both deposits and loans, and by the significantly improved equity base …
Capital Intelligence Lowers KFH’s Financial Strength, Long-Term Foreign Currency RatingsRead More
New York- Islamic finance offers a promising alternative to traditional sources of funding and should be utilized to realize the Sustainable Development Goals (SDGs) that countries will adopt in September, participants at the Third International Conference on Financing for Development were told. “In mobilizing resources for the SDGs, non-traditional sources of financing need to be …
Islamic Finance Should Fund Sustainable Development, UN Conference ToldRead More
