How Islamic Finance Can Boost Australia`s Financial Sector?
With the Islamic finance industry surpassing US$2 trillion in assets, and continuing to grow at a formidable pace despite global economic headwinds, …
Finance
ICD, Saturna Berhard Partner On Sustainable Islamic Investing
Kuala Lumpur: — Islamic Corporation for the Development of the Private Sector (ICD) (http://www.ICD-ps.org) and Saturna Sdn. Bhd. (Saturna) …
First Islamic Bank Opens In Russia
Russia’s first Islamic banking centre, operating under the principles of Southeast Asia and Middle East partnership funding, opened in Kazan on …
Indonesia Revels In Record-Breaking $2.5bn Sukuk Issuance
Jakarta: – Indonesia has broken several records in the finance industry recently with a hot $2.5bn wakalah deal. Not only was this the …
Saudi Arabian Airlines Seeks $1.3bn Sukuk To Expand Fleet
National carrier Saudi Arabian Airlines (Saudia) is seeking to raise 5 billion riyals ($1.3 billion) via the first tranche of a sukuk isuance …
Malaysia`s RAM Ratings Expects RM120bln Of Sukuk Issuance In 2016
Kuala Lumpur:- Malaysia is expected to sustain its momentum this year with the issuance of between RM100bil and RM120bil worth of sukuk this year, …
UAE To Introduce Higher Sharia Board To Strengthen Islamic Finance Industry
The UAE will introduce a Higher Sharia Board soon to strengthen consistency and consultation across the Islamic finance industry in the country.
The …
Disbursal Programs Deter Islamic Finance Growth In Indonesia: Says IDB
Jakarta: – Islamic financial institutions work separately in Indonesia, making their growth relatively stagnant compared to similar institutions …
Saudi Lender To Help Introduce Islamic Finance In India
Mumbai: – Stating that Islamic finance offers advantages like lower bad loans, an arm of Islamic Development Bank (IDB) today said it will …
Japan’s BTMU Starts Offering Shariah-Compliant Loans Through Its Local Subsidiaries
Tokyo — Bank of Tokyo-Mitsubishi UFJ of Japan becomes the first-ever Japanese bank to start offering shariah-compliant loans through an …
DIFC Joins Luxembourg Islamic Finance Talks
Dubai: A delegation from Dubai International Financial Centre (DIFC) has participated in the UAE-Luxembourg Council for Cooperation and Development of …
National Bonds Distributes Dividends To Its Shareholders
Dubai:- National Bonds Corporation PJSC (National Bonds), the UAE-based Shari’ah-compliant savings and investments company, has announced that its …
KSE Market Capitalization Rises To KD 25.25 Bln
Kuwait: – The KSE indices all continued to witness gains, as oil prices surge, the market closed at 5,284.87 up by a 0.78%. The MUDX Islamic …
DAFZA Posts 7% Revenue Growth In 2015
Dubai:- The Dubai Airport Freezone Authority (Dafza) posted yet another banner year in 2015, achieving an impressive total revenue growth of seven per …
Malaysian Capital Market Expects Fundraising Of $19.4b This Year
Kuala Lumpur: – The Securities Commission Malaysia (SC) expects fundraising activities in the Malaysian capital market to hit MYR80 billion …
Islamic Banks` Market Share In Oman Set To Reach 10% By 2018
Muscat: Oman’s Islamic financial institutions are showing robust growth with the value of gross assets touching OMR2.25 billion by the end of 2015, …
Why Islamic Finance Is Booming Around The Globe?
There is no doubt that Islamic finance is growing around the world. Sector expert Camille Paldi says Islamic finance is booming, but it needs proper …
Pakistani Banks To Reach Out To Unbanked Masses
Pakistan’s economy presents great opportunities for the banking sector. Habib Bank is hoping to bring an end to its unbanked masses
Now that …
IsDB Debuts Sukuk Worth $US1.5bln
Jeddah — In a recent development that highlights the global reach and scale of Islamic finance, the Islamic Development Bank (IDB) is poised to raise …
Kuwait Investment Forum To Hold Seminar On Kuwaiti Economy
KUWAIT: Kuwait Finance House (KFH) announced its participation in the Kuwait Investment Forum slated for March 8-9 as a diamond sponsor emanating from …
Indonesian Central Bank Sets Rules For Islamic Forex
JAKARTA — Indonesia’s central bank has issued new rules authorizing shariah-compliant hedging in the country, citing the rapid growth of …
Where Is All The Islamic Wealth Going?
London: Islamic banking and finance (IBF) are swiftly growing in countries outside the Organisation of Islamic Cooperation (OIC) block, especially in …
Malaysian Central Bank Governor Zeti Akhtar To Leave Office
Zeti Akhtar Aziz, one of Malaysia’s most respected financial figures, will be stepping down from her role as Governor of Bank Negara Malaysia …
Nigeria Sets Up Committee To Advise On First Sovereign Sukuk
By Oludare Mayowa and Chijioke Ohuocha
LAGOS Feb 18 (Reuters) – Nigeria has set up a government committee to advise on issuing the …