Kenya Plans New Capital Markets Regulations to Tap Islamic Finance
The Capital Markets Authority (CMA) CEO Paul Muthaura said the move will pave way for the issuance of the first sharia-compliant sovereign bond with …
Finance
UK Develops New Liquidity Tools for Islamic Banks
In its quest to cement London’s status as one of the leading Islamic finance centres in the Western world in the wake of a looming Brexit, the UK’s …
Book on ‘Islamic Financial Services’ Launched In Karachi
Dr. Karim Ullah, from IMSceinces Peshawar and Dr. Wafi Al-Karaghouli, from Brunel University London, co-authored a new book on Understanding Islamic …
Sharia Finance Growing In NZ, but not Big Enough to Change Banking Compliance Mechanism
New Zealand’s Muslim population is not big enough to see a growth of Shariah-compliant banking options, the industry experts say.
Islamic …
Algeria Warily Edges Toward Islamic Finance
ALGIERS: When experts in Islamic banking gathered earlier this year at a state-run hotel in Algiers to share their experiences on Shariah-compliant …
Bank Muscat’s Meethaq to Finance Poultry Farm Project
OMAN – Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, signed an agreement to provide Islamic project finance for Dar Al …
Amended Laws to Boost Islamic Finance In Kenya
Amendments to financial services regulation laws will be in place by June to facilitate speedy adoption of Sharia compliant products, the market …
XL Axiata, Indonesia to Offer Rp 2.18t Islamic Bonds
Jakarta. XL Axiata, Indonesia’s second-largest mobile phone operator is planning to raise Rp 2.18 trillion ($163 million) from selling …
Meezan Bank, PIM to Collaborate in Education, Training
Meezan Bank and Pakistan Institute of Management (PIM), the pioneer of executive development in Pakistan have recently signed an MoU for joint …
Tehran, Kuala Lumpur Draft Banking Coop. Agreement
TEHRAN, Apr. 09 (MNA) – On the sidelines of ISBF annual meetings in Kuala Lumpur, central banks of Iran and Malaysia agreed to bolster bilateral …
Philipines Could be a Leading Halal Exporter in 2 Years, Says MinDA Chief
KUALA LUMPUR, Malaysia – The Philippines may be exporting products to the biggest halal markets in just a year or two, Mindanao Development Authority …
Bahrain’s Islamic Banking Experience Praised
Manama, Apr. 2 (BNA): The General Council for Islamic Banks and Financial Institutions (CIBAFI) has launched a Roundtable Meeting titled “Impact …
ICD Signs MoU to Test New Banking Model
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, has recently …
Global Islamic Banks Well-Capitalised to Weather Challenges
KUALA LUMPUR: While global Islamic banks are expected to experience slow loans growth this year due to the subdued economic environment, the industry …
Rotich’s Budget Paves Way for Streamlining of Islamic Finance In Kenya
The government has unveiled a package of initiatives under its latest budget to develop Islamic finance as part of efforts to mobilise local funds and …
Demand Growing For Fintech In Islamic Banking Industry
KUALA LUMPUR: The Islamic Financial Services Board (IFSB) sees growing demand for financial technology (fintech) within the Malaysian Islamic …
Halal Showcase Courts High Foreign Participation At MIHAS
KUALA LUMPUR: The world is increasingly aware of the economic power of halal goods and this has been demonstrated by the year-on-year increase of …
UK Based Islamic Bank to Waive Admin Fee for Refinance Customers
The ‘fees-assisted’ range will see the lender assist with customers’ refinance costs by waiving or contributing to the fees associated with …
Tawarruq – the ‘New Kid’ On The Block in Islamic Banking Industry?
‘Tawarruq’ has become a new phenomenon in the Malaysian Islamic banking system, particularly after the issuance of a 2012 Bank Negara Malaysia …
Why Pakistan’s Islamic Banking Industry Can Only Get Better?
Islamic banking is growing in Pakistan. This is the view of Islamic scholars who spoke at a seminar arranged by the Securities & Exchange …
TN50 TO Boost Prospects for Sukuk Market
National Transformation 2050 (TN50) plans to provide support Malaysian Sukuk market in medium to long term, says IMF.
MALAYSIA’S vibrant and mature …
Bahrain’s Islamic Banking Experience Praised
The General Council for Islamic Banks and Financial Institutions (CIBAFI) hosted an incisive roundtable in Manama titled “Impact of the Legal …
Islamic Financial System Discourages Accumulation of Wealth: Expert Says
LAHORE – Islam’s finance and banking system discourages accumulation of wealth in few hands, said Umar Farooq Quddusi, an expert on …
PHL Firms Eye $2-Trillion Halal Market Globally
Thirty Philippine companies, including San Miguel PureFoods, Century Pacific and Fisher Farms will join a trade show which will be staged in Malaysia …