By Syed Muhammad Saleh Nasser & Syed Muhammad Tahir Nasser Economic inequality is bad news for both rich and poor, as economists are slowly realising. House of Debt, acclaimed by the Financial Times as the “most important economics book” of 2015, by Princeton’s Professors of Economics, Atif Mian and Amir Sufi, demonstrated […]
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 […]
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 […]
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 […]
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 […]
The International Monetary Fund has held its first consultation with an external advisory group of Islamic finance industry bodies, as regulators across the globe seek to address structural issues in the sector. Islamic finance, with its core markets in the Middle East and southeast Asia, is under growing regulatory scrutiny […]
JEDDAH: P.K. ABDUL GHAFOUR Islamic micro-finance, which is based on profit-sharing and does not charge interest, can play a significant role in alleviating poverty and transforming the poor into successful entrepreneurs, said Mamoon Al-Azami, a senior community development specialist at the Jeddah-based Islamic Development Bank (IDB). “Nobel Laureate Mohammed Yunus […]
11 April 2011 Mohamed Yasin inShare Tanzania eco-Volunteerism’s (TeV) honey project is a community development program providing rural poor communities of Tanzania with an innovative microfinance model that […]
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 […]
Islamic Microfinance Challenge Seeks Innovative Approaches to Reaching Unbanked Muslims WASHINGTON, 25 November 2013 – CGAP (Consultative Group to Assist the Poor), the Islamic Development Bank, Al Baraka Banking Group, and Triple Jump today announced the launch of the second Islamic Microfinance Challenge, a global contest that invites applications from […]
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 […]