The Islamic Financial Services Board (IFSB) has launched a databank of industry indicators covering 15 member countries, helping shed new light on the size and shape of the sharia-compliant banking sector. The Kuala Lumpur-based IFSB, one of the main standard-setting bodies for Islamic finance, is supporting a range of initiatives to improve supervision of the […]
(Reuters) – Several Islamic insurers in the United Arab Emirates are seeking guidance from the UAE Insurance Authority on the possibility of mergers and acquisitions in the sector, Ibrahim Al Zaabi, director-general of the authority, told Reuters on Monday. Talks are at an early stage, he said on the sidelines of an Islamic insurance (takaful) […]
The Islamic Financial Services Board (IFSB) has launched a databank of industry indicators covering 15 member countries, helping shed new light on the size and shape of the sharia-compliant banking sector. The Kuala Lumpur-based IFSB, one of the main standard-setting bodies for Islamic finance, is supporting a range of initiatives to improve supervision of the […]
The 57 mostly Muslim-majority member countries of the OIC (Organization of Islamic Cooperation) represent a collective GDP (current) in 2013 of $6.7 trillion and are projected to grow 2015-19 at a higher rate than rest of the world or BRIC nations. (OIC markets 5.4% versus rest of world (ROW) 3.6% and BRICS 3.9%.) See the infographic […]
(Reuters) – Lloyd’s of London [SOLYD.UL] has set its sights on Islamic insurance, known as takaful, to strengthen its push into emerging markets and is in talks with regulators to set up shop in Malaysia. The plans are part of the venerable London insurance market’s strategy to expand in fast-growing regions where insurance penetration remains […]
Dubai The value of announced M&A transactions with any Middle Eastern involvement reached $9.5 billion during the first quarter of 2015, less than half the value registered during the previous quarter, but marking a 152 per cent increase from the first three months of 2014 and the best annual start since 2012. Middle Eastern equity […]
(Reuters) – The International Monetary Fund has endorsed the principles of Islamic finance, saying it could prove safer than conventional finance, but the multilateral lender warned Islamic bankers that they must tighten rules and follow them more consistently. A report released by the IMF this week showed the lender’s growing interest in Islamic banking, which […]
The digital Islamic economy is set double to USD 30 billion by 2018 on the back on rising consumer spending on sharia-compliant services in the Middle East, dispelling the notion that Islam is incompatible with the modern world. Core Islamic economy sectors such as halal food, halal travel, fashion, Islamic finance, media, recreation and culture, […]
GFIF 2015 Center of Islamic Finance, established by COMSATS Institute of Information Technology Lahore, Pakistan, is proudly hosting the third Global Forum on Islamic Finance (GFIF), after successfully organizing two earlier events. GFIF provides a platform to scholars and experts from all over the world to share new ideas on Islamic finance and related fields. […]
Dubai: Global sukuk issuance is expected to gain momentum in 2015 as oil-exporting GCC countries and Malaysia are likely to tap the sukuk market to fund their public spending plans, according to Khalid Howladar, senior credit officer at Moody’s. In 2014, global sukuk issuance growth was flat at $114 billion (Dh418.7 billion) compared to around […]