Bank Of England To Establish Shari’a-Compliant Borrowing Facilities For Islamic Banks
The UK’s central bank is seeking views on the best way to extend its liquidity and deposit facilities to Islamic banks.
A new Bank of England …
Finance
Australia Sees Steady Uptick In Realty Deals Using Islamic Finance Options
Australia has begun to see a steady stream of property deals using Islamic financing as the attraction of low-risk tenants and a weak Australian …
Pakistan’s Central Bank Expands Local Currency Sukuk Sales
Feb 8 Pakistan’s central bank is expanding issuance of local currency Islamic bonds (sukuk), auctioning 100 billion rupees ($955 million) worth …
Dubai Islamic Bank Seeks Nod To Raise Ceiling For Tier 1 Capital by $750 Mln
DUBAI, Feb 8 (Reuters) – Dubai Islamic Bank ( DIB ) said on Monday it was seeking shareholder approval to issue up to $750 million in …
Prospects For Islamic Finance Remain Strong Despite Oil Price Woes
KUALA LUMPUR: The prospects for Islamic finance remain strong given the growing interest towards Shariah-compliant investment asset class, despite the …
Iran Set To Shake Up The Global Islamic Finance Industry
Now that most economic sanctions on Iran have been lifted, the international Islamic finance industry needs to brace itself for fundamental changes …
Islamic Banking Takes A Leading Role In Saudi Arabia, Says Fitch
In a new report, Fitch Ratings says Islamic finance is a mature and developed industry in Saudi Arabia, representing about two-thirds of total bank …
Islamic Finance Operates In Tough Environment, Says Zeti
Kuala Lumpur: The global Islamic financial system is now operating at a time when the international economic and financial environment is becoming …
Islamic Finance: Implications For The Global Economy
As more Western companies do business in the Middle East, Islamic finance has become an increasingly important part of the global economy. But Islamic …
Malaysian Astronaut Starts Aladdin, A Halal Competitor To Amazon, Alibaba
Kuala Lumpur: — Malaysia’s first and only astronaut to date, Datuk Dr. Sheikh Muszaphar Shukor announced today his venture into e-commerce with the …
Are Islamic Banks Adding Any Economic Value?
LONDON: Many industry observers assert that all Islamic banks’ products in essence are replicas of conventional banking products, be the Islamic …
Islamic Finance Set Sights on Standard for Gold-Based Products
A top guideline-setting body for Islamic finance is developing a standard for gold-based products in the industry, a move that could allow the use of …
Dubai Is Leading The Revolution In Islamic Banking, says Dr. Adnan Chilwan
Since its inception, modern Islamic commercial banking has been intrinsically linked with the UAE. The formation of Dubai Islamic Bank over 40 years …
EY: Islamic Banking Poised To Grow Despite Economic Uncertainty
EY and WIBC shared preliminary insights from the much-awaited World Islamic Banking Competitiveness Report to be launched is December.
Bahrain, 1 …
Doubling Of Islamic Finance Assets To Give Impetus To SMEs
$1.8tr worth Islamic finance sector most developed sector in Islamic economy
Islamic finance may see a significant growth in the coming years. This is …
Economist Urges Top Islamic Finance Body To Cut Risks
One of the most prominent economists in Islamic finance has called for the creation of an “apex body” that would set policy for the industry globally, …
MUFG Japan Breaks Into Islamic Finance
Mitsubishi UFJ Bank Japan has made a significant move in the Islamic finance sector with the launch of its new Islamic finance business, operating …
Is Indonesia Lagging Behind Malaysia in Islamic Finance?
In the dynamic landscape of global Islamic finance, Southeast Asia emerges as a battleground with two key players: Indonesia and Malaysia. These …
Malaysia Commits to Improve and Strengthen Islamic Financial Market
Malaysia has reaffirmed its unwavering commitment to bolstering the Islamic financial market, recognizing it as a pivotal strategy for national …
Tougher Times Ahead For Islamic Finance As Core Markets Slow
DBS Bank’s recent decision to wind down its joint venture with Gulf investors highlights emerging difficulties for the Islamic finance sector. …
Qatar Islamic Bank Mandates for Sukuk Issuance
Qatar Islamic Bank (QIB), has mandated Barwa Bank, Citi, HSBC, Noor Bank, QInvest, and Standard Chartered Bank as Joint Lead Managers to arrange a …
Islamic Halal Economy Set To Grow — Experts
DUBAI — The halal economy is set to grow as the world’s Muslim population expands and more products are certified to comply with Islamic sharia law, …
How To Ensure Financial Inclusion?
In an era where economic disparities continue to widen, the concept of financial inclusion has emerged as a beacon of hope, promising to bridge the …
Ex-Merrill Lynch Banker Takes On Male-Dominated Islamic Finance Industry
Samina Akram left her job at Merrill Lynch International Bank eight years ago to start her own consultancy in London specializing in Shariah-compliant …