Islamic finance looks for a second wind

Fleur Cafe in budget hotel The Daulat, Singapore was opened with the help of Islamic crowdfunds. KUALA LUMPUR Islamic finance is not growing like it used to, rattled by the commodities slump and political instability in some Muslim-majority countries. Market players are warning that the industry depends too heavily on oil and gas for revenue, and […]

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Emirates Institute for Banking and Financial Studies organises workshop on islamic asset management

Jamal Al Jassmi, General Manager of EIBFS As part of its ongoing commitment to impart Islamic banking and finance education, Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, hosted a day-long workshop on the current and future landscape of the sharia-compliant asset management sector for […]

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Saudi Arabia to join Turkey, Indonesia in infrastructure Islamic bank

JAKARTA, Saudi Arabia has joined Turkey, Indonesia and the Jeddah-based Islamic Development Bank (IDB) as a prospective founder member of a new Islamic finance infrastructure bank, according to Indonesia’s finance minister. Speaking to Reuters on the sidelines of the annual IDB meeting of governors in Jakarta on Thursday, Bambang Brodjonegoro said the four could contribute […]

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Global institutions call for strong Islamic banking regulations and supervision

Ethical and inclusive nature of Islamic finance make it a sustainable option  Dubai: A high level forum on Islamic Finance in the Arab region on Sunday called for strengthening Islamic banking regulation and supervision. It was organised by the Arab Monetary Fund and the International Monetary Fund, in collaboration with World Bank, Islamic Development Bank, […]

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Gold may fuel Islamic finance

With the Islamic finance industry set to be worth US$3 trillion in the next decade, gold could be a catalyst for its growth with the setting of new regulations that will allow Islamic investors for access to gold-based products for the first time. The market development body, the World Gold Council (WGC), which is based […]

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Experts outline how Islamic finance can support achieving the SDGs

A distinguished panel of heads of regulatory authorities and other industry operators today outlined ways in which Islamic finance could play a role towards achieving the Sustainable Development Goals (SDGs). They spoke during the 11th IDB Global Forum on Islamic Finance, jointly organised by the Islamic Research and Training Institute (IRTI) and Bank Indonesia as part […]

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Islamic finance preps rules for charitable funds

Islamic finance institutions will present a set of guidelines for Muslim charitable institutions later this month, as the industry looks to develop a more efficient use of their assets, an Indonesian central bank official told Reuters. Islamic endowments (awqaf) and alms-giving (zakat) have been in existence for centuries and hold billions of dollars in assets […]

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