Finance

Islamic Corporation for The Development of The Private Sector, Affin Islamic Bank To Strengthen Strategic Collaboration in Asia

2016-10-06 by Hafiz M. Ahmed

The cooperation reflects ICD’s ambition to expand its geographic footprint and exert its influence within the Asian region Jeddah — The …

Oman- Meethaq, Moe Join Hands To Train 4,000 Students In ‘Little Investor’ Programme

2016-09-12 by Hafiz M. Ahmed

(MENAFN – Muscat Daily) Muscat- Coinciding with the new academic year, Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in …

Can We Take Loans With Interest To Buy An Apartment?

2016-09-12 by Hafiz M. Ahmed

When the question arises, “Can we take loans with interest to buy an apartment?” the answer navigates through a complex landscape of …

$11 Trillion Muslim Wealth Mountain Calls To Asian Fund Managers

2016-08-18 by Hafiz M. Ahmed

The race to tap an $11.5 trillion pool of wealth held by Muslim individuals, institutions and governments is intensifying. The asset management units …

Indonesia Looks To Islamic Finance For Infrastructure Projects

2016-08-16 by Hafiz M. Ahmed

JAKARTA — Measures to boost Indonesia’s relatively small Islamic finance sector could help the government implement an ambitious …

MUFG Sets Up RM 20Bln Islamic Auto Loan Securitisation Program In Malaysia

2016-08-12 by Hafiz M. Ahmed

TOKYO: Mitsubishi UFJ Financial Group (MUFG), one of the largest bank in the world, and a key player in Islamic Finance industry hailing from a …

Islamic Wealth Management Sector Growing Fast In Malaysia

2016-08-02 by Hafiz M. Ahmed

Prime Minister Datuk Seri Najib Tun Razak announced today that Malaysia is setting its sights on Islamic wealth management as a pivotal growth area. …

Commercial Bank of Dubai Appoints New COO

2016-07-29 by Hafiz M. Ahmed

In his previous role, Kumar was the Chief Operating Officer at Qatar Islamic Bank in Doha. With over 25 years banking experience, he spearheaded …

Bahrian`s Bank ABC Appoints New Head Of Financial Institutions

2016-07-29 by Hafiz M. Ahmed

Bahrain-based Bank ABC has announced today the appointment of Fouad Salame as group head of financial institutions at the Head Office in …

Meethaq Launches Innovative Online Portal for SMEs

2016-07-29 by Hafiz M. Ahmed

Muscat: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, launched a digital platform that serves as the gateway for SMEs in the …

Bank Of Uganda Clears Islamic Financial Products For Business

2016-05-18 by Hafiz M. Ahmed

Kampala:- The Bank Of Uganda has cleared Islamic bank products for business in the country6. Commercial banks in Uganda have been cleared to roll out …

Malaysia Names Zeti’s Deputy As New Central Bank Governor

2016-04-28 by Hafiz M. Ahmed

Malaysia named central bank Deputy Governor Muhammad Ibrahim as successor to Governor Zeti Akhtar Aziz when she steps down at the end of the month …

Zurich Insurance Takes Over MAA Takaful In Malaysia

2016-04-28 by Hafiz M. Ahmed

Zurich Insurance has been given the go-ahead to take full control of MAA Takaful in Malaysia. MAA Takaful had been a joint venture between MAA Group …

Pakistan To Use Islamic Finance For Infrastructure Deals

2016-04-28 by Hafiz M. Ahmed

Pakistan is stepping up its use of sharia-compliant financing to fund infrastructure deals, which could help to promote the use of longer-term …

Volumes Of Sukuk Issues May Hit $55b In 2016

2016-04-19 by Hafiz M. Ahmed

Sukuk issues volumes will reach $50 billion to $55 billion in 2016, according to Standard & Poor’s estimates. “We estimate Islamic …

Islamic Finance Needs To Be Relevant, Responsive

2016-04-18 by Hafiz M. Ahmed

Predicting the future of Islamic finance requires more than just looking at past trends. In today’s rapidly evolving financial landscape, Islamic …

Dubai Emerges As A Capital Of Islamic Economy

2016-04-18 by Hafiz M. Ahmed

Following a total of seven Sukuk listings this year by regional and international issuers, the total value of Sukuk currently listed in Dubai has …

Dubai, Chinese Firms To Launch Islamic Fund To Invest In China

2016-04-14 by Hafiz M. Ahmed

Dubai:- Shariah-compliant firm Mawarid Finance and Fullgoal Asset Management from Hong Kong will launch an Islamic fund later this year in order to …

Bank Muscat Posts A Net Profit Of 43.8 Million In Q1, 2016

2016-04-14 by Hafiz M. Ahmed

Net Interest Income from Conventional Banking and Income from Islamic financing stood at OMR 68.04 million for the three months of 2016 compared to …

Turkey Appoints A Social Scientist-Turned Islamic Finance Expert As Governor Of Central Bank

2016-04-14 by Hafiz M. Ahmed

Istanbul:- The Turkish government has chosen Murat Çetinkaya, a deputy Central Bank governor, to be the Bank’s new governor, Deputy Prime Minister …

Pakistan Eyes Rs100bln In Islamic Bonds For Hydropower Project

2016-04-14 by Hafiz M. Ahmed

DUBAI: Pakistan’s government will guarantee Rs100 billion ($955 million) worth of Islamic bonds to fund what would become the country’s …

Shariah Committee In Indoensia To Run Islamic Financial Architecture

2016-04-08 by Hafiz M. Ahmed

Jakarta-Sofyan Djalil, Minister of National Development Planning, said that the National Sharia Finance Committee (KNKS) is tasked with building the …

Maybank To Strengthen Operations In ASEAN

2016-04-08 by Hafiz M. Ahmed

Kuala Lumpur:-: Malayan Banking Bhd (Maybank) has outlined five strategic objectives for the group to strengthen its position in Asean and become the …

Standard Chartered Expands Islamic Finance Services In Pakistan

2016-04-01 by Hafiz M. Ahmed

Karachi—Standard Chartered Saadiq, the dedicated Islamic Banking division within Standard Chartered Bank has enhanced its offering for clients looking …