Islamic finance body grants $850mln for combating coronavirus in member states

ITFC has moved quickly to put in place emergency financing measures to ensure that member countries continue to receive the support needed By Staff Writer, The Saudi Gazette JEDDAH — Societies and economies are being affected by the unprecedented and unpredictable nature of the COVID-19 pandemic. These include a major shift in global trade routes, changes in […]

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Shariah-Compliant Fintech: Malaysia, Singapore, Indonesia Corridor has Made Substantial Progress in Establishing Islamic Finance Services

By Omar Faridi Vinnie Lauria, an entrepreneur and venture capitalist who established Golden Gate Ventures, an early-stage VC company managing more than $250 million in assets, notes that his Singapore-based company has been watching emerging tech sectors across the Southeast Asia region. Lauria reveals that he’s seeing significant growth in the Islamic finance industry. He points out that the […]

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Indonesian Islamic banking roadmap to boost sector development

Link to Fitch Ratings’ Report(s): Indonesian Islamic Banks Dashboard: 2020 Fitch Ratings-Jakarta-09 March 2020: Indonesia’s new five-year roadmap for the country’s Islamic banking sector should provide some impetus to its development, although most benefits are likely to be realised over the medium term rather than the near term, Fitch Ratings says. The wide-ranging roadmap addresses the […]

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“Sharia fintech”: Startups race to tap Indonesia growth by aligning with Islam

JAKARTA (Reuters) – Like millions of other Indonesians, Gandi Iswara had for years carried a wad of currency notes for dropping into donation boxes after prayers at mosques in suburban Jakarta.FILE PHOTO: A volunteer collects alms boxes with QR codes and stacks them on a cart after Friday prayers at Istiqlal mosque in Jakarta, Indonesia, […]

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Malaysia: A Flourishing Fintech Ecosystem

Financial technology, or fintech as it has come to be known, gets a lot of attention for its extraordinary potential to change lives and change economies. Fintech can help ordinary people access financial products securely and efficiently, while boosting countries’ economic growth. In Malaysia, where annual economic growth has averaged just under 5 percent over the past […]

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Digital platform to drive takaful demand

Takaful operators and providers should rethink and re-strategise the way products are positioned to entice a larger crowd, says Fitch by PRIYA VASU MALAYSIA has firmly established itself as an Islamic hub in the world through leadership and innovative product offerings in the niche industry. While most of the success in the Islamic financial realm […]

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Islamic Development Bank Announces Highest Ever $2bn Sukuk; Thanks Partners For Support

Islamic Development Bank (ISBD) recently announced that it achieved its highest ever order book at the launch of its $2bn Sukuk. The launch occurred with tight pricing and a cautious market environment that did not deter investors from supporting the ISDB’s largest Sukuk issue, with an AAA-rated credit.  Speaking at the $2bn Sukuk launch, the […]

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Brunei remains top 10 in Islamic finance development indicators 2019

BRUNEI DARUSSALAM (Borneo Bulletin/ANN): Brunei Darussalam maintained its ranking as one of the top 10 performing Islamic finance markets out of 131 countries as reported in the recently published ICD-Refinitiv Islamic Finance Development Report 2019: Shifting Dynamics. The report, which takes into account data accumulated in 2018, revealed that Brunei Darussalam’s scored 45 points in […]

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Kazakhstan: Development Of Islamic Finance In Kazakhstan: Reality Or Myth?

by Shaimerden Chikanayev GRATA International0 Liked this Article The question of whether or not there is any Islamic finance development in Kazakhstan is not easy to answer. There is definitely strong support from the government of Kazakhstan for Islamic finance as an alternative source of funding for infrastructure, SMEs, agriculture and such. But although Kazakhstan adopted […]

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