Turkey Borrowed $1.25 Bln in Treasury Sukuk Issue -Bankers
ANKARA, March 30 – Turkey borrowed $1.25 billion through a six-year, dollar-denominated sukuk at around 5 percent on Thursday, bankers said, …
Finance
The Growing Demand for Sharia-Compliant UK Property Funds
Investment based on Sharia principles has existed in the UK for over 30 years, but only in the past decade has the sector rapidly developed. Although …
Bahrain’s IIFM and ISDA Publish Islamic Credit Support Deed for Variation Margin
Manama, Bahrain, 30th March 2017 –The International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association, Inc. …
Bank Alfalah Partners with AlHuda Centre of Islamic Banking & Economics to Promote Islamic Finance
Pakistan’s leading financial institution Bank Alfalah has entered into an agreement with AlHuda Centre of Islamic Banking and Economics (CIBE), an …
Turkey’s Grain Board TMO, Gap İnşaat to Sell Islamic Bonds
Turkey’s state grain board TMO and construction firm Gap İnşaat have received regulatory approval for debut sales of Islamic bonds, or sukuk, as …
DIB Inaugurates Panin Dubai Syariah Bank in Indonesia
DIB has celebrated the launch of Panin Dubai Syariah Bank in Indonesia, in the presence of DIB Group CEO Dr. Adnan Chilwan, key local officials …
Kenyan Financial Regulators Keen on Shariah
Financial sector regulators are optimistic National Treasury CS Henry Rotich will include proposed guidelines to guide the operations of Islamic …
Malaysia Pushing for Another Round of Bank Mergers?
Malaysia has apparently started a new round of its financial sector rationalisation plan, a source said, citing mergers and acquisition (M&A) …
Islamic Finance Aims for Easier Sukuk Investment
Abu Dhabi- Two top standard-setting bodies are proposing new guidelines for Islamic bonds that could increase investment in the instruments by making …
Qatar Shares Edge Higher Amid Strong Realty Buy Interest
The Qatar Stock Exchange opened the week on a marginally stronger note despite strong buying in the real estate counter.
Although foreign institutions …
Islamic Finance Needs To Emphasize Capital Market Development
Development economists often divide the overall economy into two sectors; the real and financial sectors. The real sector constitutes the aggregate of …
International Islamic Trade Finance Corporation (ITFC), WTO To Jointly Support The LCDs
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, and the World …
CIBAFI Submitted Comments to the Basel Committee on Banking Supervision (BCBS)
Aligned with its role as advocate of the Islamic Financial Services Industry (IFSI), the General Council for Islamic Banks and Financial Institutions …
Al Rajhi Malaysia To Tweak Its Growth Strategy
LAST year, in charting its future, Al Rajhi Banking and Investment Corp (M) Bhd (Al Rajhi Malaysia) decided that growth over the next three years to …
FBR, Pakistan Suggests Shariah-Compliant Criteria For Companies
The Federal Board of Revenue (FBR) has proposed Shariah-compliant criteria for companies whose shares are traded on a stock exchange to avail the …
India Shelves The Idea Of Islamic Banking Amid Criticism From Hindu Majority
(MENAFN – Gulf Times) A few months ago, the path seemed to have been cleared for the introduction of Islamic finance in India after the …
Meydan Secures $272m Of Islamic Financing From ADIB
The deal will help finance developer’s current and future projects including those along the Dubai Water Canal
Dubai developer Meydan Group has …
Is Islamic Banking Ready To Embrace Fintech?
Is Islamic banking ready to embrace fintech? The short answer is yes. There are a lot of Islamic banks that are fast adapting to the fintech to …
Islamic Finance A Possible Funding Source In The Wake Of Low Oil Prices
Islamic finance will need to play a pivotal role in meeting the increasing demand for funds by the Gulf Cooperation Council (GCC) governments, …
Qatari Islamic Banks Negotiating A Possible Merger Deal of $44 Billion
Doha, QATAR: Wooden dhow boats are docked 06 September 2006 along the corniche in front of the Qatar Central Bank in central Doha, home to the …
Standard Chartered Launches Islamic Saving Accounts For Institutional Clients
Standard Chartered Bank has announced the launch of its Islamic Saving Accounts for its Corporate and Institutional clients in the UAE. The …
Kenyan Regulators To Seal Loopholes In Islamic Finance Industry
Nairobi:- When Peter Njuguna received an application for an Islamic Sacco, he nearly approved it. The head of Sacco supervision at the Sacco Societies …
Kuwait Finance House Termed The Best Islamic Bank In The World
Consistent with its central role of producing groundbreaking and game-changing research works, The Dubai Center for Islamic Banking and Finance …
Digitization of Islamic Banks A Must For The Growth of Islamic Finance
Digitization of Islamic banks is a must for the growth of the Islamic finance industry. Although the industry is quite young, the fintech disruption …