Regulatory challenges for Islamic finance in Africa to be addressed at IFIF 2016

Africa forum to host key policymakers to drive discussions on regulations enabling integration of Islamic finance into financial system and realising Islamic finance potential. The upcoming second International Forum on Islamic Finance (IFIF 2016) in Khartoum, Sudan, is planned to serve as a key platform for critical discussions on developing effective regulation and supervision of […]

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Islamic Banks: Efficiency and Stability

There is substantial Islamic banking activity carried out by conventional banks through their so-called Islamic windows. Such banking institutions have been excluded from this report for a simple reason that the growth and stability of Islamic banking activities in such institutions follow the growth and stability of the conventional part of such institutions. Mixing Islamic […]

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Ivory Coast offers inaugural CFA 150 billion Sukuk

Hogan Lovells has advised the Islamic Corporation for the Development of the Private Sector (ICD), as arranger, on the inaugural CFA 150 Billion Sukuk offering by the Government of Côte d’Ivoire. The Sukuk is an amortising Sukuk al-Ijara and is targeted at local banks and institutional investors. It mirrors the successful Senegal Sukuk that Hogan […]

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Islamic finance in Africa in its infancy but underway

Islamic finance is a fast developing activity throughout the global markets, now focusing on a new frontier—Africa. Islamic finance has historically been dominant in Malaysia and the Gulf Cooperation Council (GCC). However, over the last year, Islamic finance has expanded its footprint throughout the Middle East, Indonesia, the United Kingdom, Luxembourg and Hong Kong. In […]

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Canada poised to be hub of Islamic finance

Islamic banking is being touted as the next big thing for Canada’s financial services sector, but experts say it’s up to the new federal government to demonstrate that it welcomes Shariah-compliant investments. “It’s absolutely fundamental that the Canadian government signal that, in fact, it is open to Islamic finance,” says Walid Hejazi, an associate professor at the University […]

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Favourable regulation key to Islamic finance growth

Muscat: Developing an enabling and empowering environment, including the necessary legislative and regulatory framework, is needed to support the growth of Islamic economy, according to an expert. This can be done by working on several key strategic pillars, Abdulla Mohammed Al Awar, chief executive officer of Dubai Islamic Economy Development Centre (DIEDC), said at the 2nd […]

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