Submissions for the eight categories of the 2016 award close July 31, 2016 Published: 16:45 May 3, 2016 Staff Report Dubai: Submissions opened on Tuesday for the Islamic Economy Award that will be awarded at the Global Islamic Economy Summit in October, the Dubai Islamic Economy Development Centre said in […]
Mure Dickie in Edinburgh ©Getty The Church of Scotland says it shares many values with Islam Sharia law and Scottish Presbyterian morality may have more in common than previously thought. The Church of Scotland has joined forces with Islamic finance experts to draw up a “practical ethical financial solution” […]
BY Elffie Chew January 27, 2016 It took a Malaysian lender more than 10 years to complete its conversion to a fully-fledged Islamic bank, highlighting the challenge for countries such as Indonesia in their bid to become Shariah funding hubs. Agrobank, a state-owned lender set up in 1969 to provide […]
Sharia banks are not permitted to do business with companies dealing in alcohol, gambling, or prostitution Eleanor Ross Monday 18 January 2016 13 comments BAWAG PSK is trying to appeal to Austria’s 600,000-strong Muslim population Reuters An Austrian bank has announced it will be piloting an Islamic current account in February, the […]
By Humayon Dar Published: January 25, 2016 Need for them to shift from money management to adding broader socio-economic services. PHOTO: FILE LONDON: Many industry observers assert that all Islamic banking products in essence are replicas of conventional banking products, be they Islamic deposits or financing products based on leasing or […]
Jan 17,2016 – JORDAN TIMES – Nidhal Guessoum The Muslim world’s past contributions to science and education were extraordinary. The Islamic “golden age” — during which scholarship and learning flourished across the Muslim world — lasted many centuries and included the establishment of the world’s first universities. Today, however, Muslim-majority countries […]
by Assia Sabi , December 3, 2015 Islamic banking has the potential to promote financial stability, boost SMEs, and contribute to greater financial inclusion. But the IMF recently stressed on the numerous challenges the industry has to face to unlock these potentials. Islamic finance has experienced a swift expansion: Islamic […]
Will the atrocities in France change the future for Sharia-compliant banking? By Eric Barton 3 December 2015 When Daud Vicary Abdullah stood in front of a packed ballroom at the Global Insurance Symposium in the US city of Des Moines, Iowa, in May, he could feel tension filling the room. […]
Nobel Peace laureate Muhammad Yunus is regarded as the founder of microfinance. Satish Kumar / The National Nobel Peace laureate blasts global banking system at Islamic Economy Summit Adam Bouyamourn […]
| May 2015 The Review of Religions Hazrat Mirza Bashir-ud-Din Mahmood Ahmad – Khalifatul Masih II(ra) We begin a serialisation of an epic lecture delivered in Lahore by the Second worldwide Head of the Ahmadiyya Muslim Community. His renowned scholarly acumen, both secular and religious, was preserved in a […]
Financial links with world of Islam key focus at KazanSummit 2015 15-16 June Top international investment conference KazanSummit 2015 to be held June 15-16. Russia’s main economic forum for developing constructive global trade and investment with the Islamic world is a unique strategic event. The Kazan Summit is organized annually […]
Dubai: Muslim countries need to concentrate on efforts to rediscover Islamic principles and promote regional cooperation in order to successfully overcome economic challenges. This was stated by Malaysian Minister of International Trade and Industry Mustapa Mohamed during a panel discussion at the 10th World Islamic Economic Forum in Dubai. Calling […]
African governments are looking to sharia-compliant financial markets to attract investment from the Middle East. The trend is just gathering strength, and experts expect more funds to flow into infrastructure and other major projects. The latest wave of finance to reach African corporations and governments is coming from the Middle […]
To all participants of the IREF Summit, we are happy to announce a special focus session scheduled for the morning of the 21st of November on Insurance, its importance to real estate transactions and innovative developments for the Islamic Finance real estate markets. All too often, insurance for all levels […]
By Christopher Harress on September 26 2013 9:22 AM International Business Times Islamic banking is set to expand dramatically in Africa over the next two decades as the number of […]
An interesting link for those wishing to try and understand Islamic Banking: (It is not a new article, interesting nevertheless…) http://www.alislam.org/library/articles/Islamic-Banking-in-the-UK.pdf by Waseem Ahmad Kingston Business School, London Msc Accounting and Finance
FORBES: by Tim Worstall, Contributor This is a fascinating little interview with Timur Kuran, an expert in Islamic finance. The point being made is that Islamic styles of finance aren’t, in fact, all that different from the “western” type that we are used to. And in fact, in certain situations, […]
By Melissa Hancock THE BANKER Year upon year, the Islamic finance industry posts stellar growth figures. However, as large Western lenders withdraw from the sector, is Islamic finance in as healthy a shape as the figures suggest? The Banker asks a number of experts in the field what the future […]
The Qur’an’s teachings around business chime with the objectives of the worldwide social enterprise movement Though wealth creation is the primary goal taught by top businessmen, social impact is considered to be a more fulfilling outcome for others. Money is not timeless, but what you do with that money can […]