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 […]
Bank Scandals Increase Interest in Islamic Banking October 26, 2015 8:33 AM SINGAPORE—A stream of major bank scandals has increased interest in “ethical finance,” which could benefit the Islamic banking sector. Supporters argue the growing area of Islamic finance is more ethical because banks and businesses must undergo scrutiny to […]
Tunisian firms prepare to issue Islamic bonds BY BERNARDO VIZCAINO Aug 3 Tunisian firms are preparing to issue Islamic bonds as the government finalises rules covering the sector, creating a new funding option for companies in an economy buffeted by labour unrest and militant attacks. Islamic finance – which bars […]
ISTANBUL DAILY NEWS Turkey’s largest state-owned bank, Ziraat Bank, has launched its first branch for Islamic finance in Istanbul. “This is a historic step. Other state-owned banks should follow Ziraat’s move,” President Recep Tayyip Erdoğan said on May 29 during the opening ceremony in the Eminönü neighborhood, referring […]
| 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 […]
Standardisation is critical to creating the transparency and clarity that would remove doubts from the minds of people PUBLISHED: 13:56 MAY 17, 2015 BY HUSSAIN AL QEMZI, SPECIAL TO GULF NEWS The word “innovation” is extremely malleable: it means different things to different people and within the banking fraternity […]
Manama. Islamic banking could be the more economically viable and sustainable model of financing going forward, a report said. Following last week’s World Islamic Banking Conference (WIBC) in Manama, Bahrain, the report published by Falak Consulting’s Research Department (FCRD) looks at the financial crisis of 2009 where conventional banks witnessed […]
December 7, 2013 finance expert: Asia, GCC, Africa real areas of econmic growth –> | By Nawab Khan BRUSSELS , Dec 7 (KUNA) — An European financial expert is advising economic and financial professionals and advisors in the West to “put your Islamic spectacles on” as most of the emerging […]
Howard Marks, a renowned American investor and author, paid tribute to the Islamic finance industry’s ethical values during a keynote speech at a House of Commons reception this week. The […]
Leading players, industry thought leaders and key regulators in the international Islamic banking and finance industry will take part in the 20th Anniversary Special Edition of the World Islamic Banking […]
The Malaysian Reserve | November 28, 2013 A fatwa issued in April has allowed the creation of trusts that will allow the family business to be preserved and passed down to ensuing generations in a non-disruptive way. by Sathish Govind & Kazi Mahmood PETALING JAYA: The Labuan International Business and […]
By Nurina Merdikawati – GIV on 10:44 am November 14, 2013. Category Blogs, Talk Back Tags: Islamic banking, Islamic sharia banking banks Islamic finance has recently received growing attention in Indonesia. Its resilience during the global financial crisis has positioned the sharia-based financial system as a strong alternative to commonly […]
London, Oct 29 (Petra) –– His Majesty King Abdullah IIof Jordan said on Tuesday he was proud that despite recent crises and regional turmoil, Jordan remained a resilient and safe […]
Press release PM to unveil plans for new Islamic index on London Stock Exchange Organisation: Prime Minister’s Office, 10 Downing Street Page history: Published 29 October 2013 Policy: Increasing the […]
The Telegraph: More than 1,500 delegates, including government and business leaders, as well as scholars, will descend on London for the three-day event, which sets out to boost trade partnerships […]
Sunday, June 09, 2013 – Dubai—The initiative to transform Dubai into the world’s capital of the Islamic economy is progressing steadily with confidence towards the goals as scheduled, said Mohammed Abdullah Al Gergawi, Chairman of the Executive Office of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime […]
The organisers of the 7th London Sukluk Summit, scheduled for the 12th – 13th of June 2013 at the Jumeirah Carlton in Knightsbridge London, are pleased to announce the sponsorship […]
Leading Islamic financial services industry experts and financial institutions are set to converge in London in June 2013 at the 7th annual London Sukuk Summit – the world’s leading Islamic Capital Market products and Sukuk gathering. In addition to discussing the key issues affecting the impressive growth and future direction […]