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05 May

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank Group (IsDB), concluded the Business Forum of the Agadir Agreement and the West African OIC Member Countries, held in Casablanca, Kingdom of Morocco, on 10-11 May 2018.

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank Group (IsDB), concluded the Business Forum of the Agadir Agreement and the West African OIC Member Countries, held in Casablanca, Kingdom of Morocco, on 10-11 May 2018.

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05 May

THE Indonesia Stock Exchange greeted its latest listing on May 9th: that of BRIsyariah, the Islamic arm of state-controlled Bank Rakyat Indonesia, the country’s biggest bank by assets. The initial public offering (IPO) of 27% of BRIsyariah’s equity raised around 1.3trn rupiah ($92m). Islam outlaws the payment of interest, the basis of conventional banking. Yet despite being home to an eighth of the world’s Muslims—225m, in a population of 260m—Indonesia’s Islamic banks are tiny. They account for just 5.8% of all banks’ assets.

THE Indonesia Stock Exchange greeted its latest listing on May 9th: that of BRIsyariah, the Islamic arm of state-controlled Bank Rakyat Indonesia, the country’s biggest bank by assets. The initial public offering (IPO) of 27% of BRIsyariah’s equity raised around 1.3trn rupiah ($92m). Islam outlaws the payment of interest, the basis of conventional banking. Yet despite being home to an eighth of the world’s Muslims—225m, in a population of 260m—Indonesia’s Islamic banks are tiny. They account for just 5.8% of all banks’ assets.

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05 May

Asia’s Islamic Finance

Asia’s Islamic Finance is steadily cementing its substantial role in the global Islamic finance industry, a new report by the Malaysia International Islamic Finance Center (MIFC) published in cooperation with Jeddah-based Islamic Corp for the Development of the Private Sector found.

Asia’s Islamic Finance

Asia’s Islamic Finance is steadily cementing its substantial role in the global Islamic finance industry, a new report by the Malaysia International Islamic Finance Center (MIFC) published in cooperation with Jeddah-based Islamic Corp for the Development of the Private Sector found.

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