Kuwait’s Islamic finance sector on strong growth trajectory, IMF says

Dubai: Kuwait’s Islamic financial services sector is growing rapidly, with Islamic banking emerging as the most developed component of the industry, according to a recent study by the International Monetary Fund (IMF). Kuwait’s Islamic banking industry has grown rapidly to become an important part of the domestic and global Islamic financial system. The country operates […]

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Africa’s Growing Islamic Finance Footprint

Africa’s Growing Islamic Finance Footprint 1 Africa’s Growing Islamic Finance Footprint 1.1 CIBAFI Discusses Islamic Financed African Infrastructure Funding 1.2 ICD and Coris Bank International enter Agreement to establish Islamic window The use of Sukuk to fund Africa’s infrastructure needs as well as expanding Islamic Banking windows signal continued growth of African Islamic finance CIBAFI […]

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Islamic Finance vs Conventional Finance

Islamic finance is finance based on trade transactions in order to remove the basis of making money from money, often interpreted as interest. The trade transaction will typically involve an underlying asset. As such Islamic banks do not lend money, they enter into trade transactions based on leasing, partnerships and trading. Based on Article by Dr. Sami Al-Suwailem, Head, […]

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