Author links open overlay panel Feisal Khan https://doi.org/10.1016/j.jebo.2010.09.015Get rights and content Abstract Islamic Banks hold well over US $700 billion in assets and are growing at over 15% p.a. Islamic Banking […]
Written and collected by Zia H Shah MD, Chief Editor of the Muslim Times Pew Research Center has beautifully described the Muslim experience in USA about Halal food as for so many […]
Source: Reuters BY Andrew Torchia, Bernardo Vizcaino DUBAI/SYDNEY (Reuters) – In Dubai’s decades-old Gold Souk, customers from around the world haggle over bangles and necklaces. Elsewhere in the emirate, the region’s […]
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 […]
The Board of Executive Directors of the Islamic Development Bank (IDB), has approved $ 5,061 million for the bank’s operations plan for the year 1435H (November 2013 –November 2014), the bank’s largest annual budget ever and a 10 per cent increase on the previous year. This new operations plan coming […]
Create Your Own Visualization on the site, linked here Sources: The World’s Muslims: Unity and Diversity, Tolerance and Tension: Islam and Christianity in Sub-Saharan Africa Question Wording: And do you favor or oppose the following? [ASK IF CHRISTIAN:] Making the Bible the official law of the land in our country? […]
Source: The Independent Reviewed by Ziauddin Sardar Around 300 years ago, the bazaars of the Middle East were overflowing with luxury goods. The commercial centres of the region attracted all variety of fortune seekers, speaking numerous languages. There was nothing to indicate that the region would not continue to be […]
Source: CPI Financial Mauritania is working to develop an Islamic interbank market. Several Islamic banks are already being established. The Central Bank of Mauritania (BCM) recently completed a study on the potential development of a local Shari’ah-compliant securities market. BCM conducted this study with the technical support and expertise of […]
Source: Deccan Herald Even as the Reserve Bank of India (RBI) is driving financial inclusion through a combination of conventional and non-conventional approaches, it’s time to take a fresh look […]
Source: Indiaprwire Ethica Institute of Islamic Finance, the world’s most heavily-enrolled Islamic finance certification institute, teamed up with their exclusive partner in India, Infinity Consultants to recently deliver “Achieving Financial Inclusion for Muslims in India – How Can Islamic Finance Help?”, a live talk presented by Saif Ahmed, Managing Partner […]
Source: Invest In India National Spot Exchange Limited (NSEL) has launched Shariah compliant E-series products like E-Gold and E-Silver. Under this the retail investors can buy a minimum of 1 unit of gold equivalent to 1 gram of gold and 1 unit of silver equivalent to 100 grams of silver […]
Source: Radiance Weekly India may be closer to allowing Islamic banking than ever before with the central bank and the finance ministry discussing ways in which rules need to be changed to allow the interest-free practice that’s compatible with Shariah law. Demands by Muslim groups over the past few decades […]
Source: Financial Chronicle Putting an end to the speculation on allowing Islamic banking in the country, the Reserve Bank of India (RBI) governor, D Subbarao on Tuesday said the current Banking Regulation Act does not permit Islamic banking and that the government will have to bring in a new law […]
Source: Live Mint Central bank asked to examine the possibility of making interest-free model part of India’s Rs.75 trillion banking system Reserve Bank of India governor D. Subbarao said last week that the apex bank was holding talks with the government on how existing laws can be restructured or amended […]
Source: MenaFn (MENAFN – Arab News) The World Bank and Islamic Development Bank have signed a Memorandum of Understanding (MoU) to set out a framework for collaboration between the two parties and lend support to global, regional and country efforts in the development of Islamic Finance. World Bank Managing Director […]
Source: The Bull.com.au By Jikon Lai, University of Melbourne Islamic finance has grown and expanded rapidly in recent years. It was recently announced that, following in the footsteps of some of its European neighbours, Germany will soon have its first Islamic bank — which is ironic if you think about […]
Source: Albawaba Business Emirates Islamic Bank (EIB), one of the leading Islamic financial institutions in the region and the Islamic banking arm of Emirates NBD Group, announced today the launch of a three weeks-long “Indian Rupee (INR) Remittance Campaign,” which offers customers the opportunity to remit funds to India at […]
Source: Gulf News Dubai: Qatar Islamic Bank, the Gulf Arab state’s largest Sharia-compliant lender, will return to global debt markets after two years on Wednesday with a new five-year sukuk, taking advantage of strong liquidity for regional issues. The lender launched a $750 million (Dh2.7 million) Islamic bond after completing […]
ARAB NEWS Sunday 30 September 2012 JEDDAH: Shariah experts on financial matters declare that local banks are committing a crime by seizing the deposits in accounts that had not been accessed in the past five years. The experts demand that agencies such as the Saudi Arabian Monetary Agency (SAMA) take […]
Source: Khaleej Times The $1 trillion global Islamic finance industry is set to double in size between 2011 and 2015, recording an annual 20 per cent growth driven by increasing demand for this “credible alternative” to conventional banking in the GCC and Asia. “The global crisis faced by conventional finance […]