KUWAIT, ( Reuters ) – Bahrain’s financial regulator plans to establish by the end of this year a central sharia board of scholars that will oversee the kingdom’s Islamic finance sector, a central bank official said. The board would be the second of its kind in the Gulf region. Oman’s central bank has set one up […]
The success of China’s transition from an industrial-focused economy to a consumption-based one will be crucial to the rest of Asia and the Gulf, according to a report prepared by Camille Accad, Economist at Asiya Investments Company. China’s plans to become a consumption and service based economy are progressing rapidly. In the 2000s, growth was […]
KUALA LUMPUR, (Reuters) – Malaysia is hoping new incentives for “ethical” Islamic bonds and home loans will strengthen the country’s sharia-compliant investment market and lure more private players to one of the world’s largest Islamic financial sectors. The government announced the new incentives in the 2016 budget which was delivered in parliament on Friday, as […]
As the 2015 World Islamic Economic Forum (WIEF) kicks off in Kuala Lumpur, a new Islamic finance report published today by TheCityUK reveals the continued rapid worldwide growth of the industry and its significant potential for further expansion. The domes of the Jamek mosque contrast with a modern office tower in the heart of Kuala […]
Oct 28 (Reuters) – One of the most prominent economists in Islamic finance has called for the creation of an “apex body” that would set policy for the industry globally, to cut risks that could contribute to a financial crisis. Tariqullah Khan, professor of Islamic finance at Qatar’s Hamad bin Khalifa University, proposed the body […]
MUSCAT, Oct 25 (Reuters) – Oman’s first issue of sovereign Islamic bonds has received strong orders ahead of its final pricing on Tuesday, state news agency ONA quoted an official as saying on Sunday. The 200 million rial ($520 million), five-year sukuk issue with an ijara format drew 22 orders totalling 336 million rials during […]
The General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions, and the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) and the Chamber of Commerce of Barcelona are co-organising the 3rd Mediterranean Islamic Finance Forum, themed “Building Bridges” on the 27th of November 2015, at Casa Llotja de Mar […]
Dubai (AFP) – The fast-growing Islamic finance industry is set to slow down next year over the sharp fall in oil revenues and rapid regulatory changes, Standard and Poor’s Ratings Services said on Monday. “We think Islamic finance growth will drop to single digits in 2016 from between 10 percent and 15 percent over the […]
October 1, 2015 (Kuala Lumpur) — Islamic bond issuance in Malaysia over the last three months marked its slowest quarter since 2010. Bloomberg TV Malaysia’s Sophie Kamaruddin and Han Tan look at the factors that could mark a turnaround by year-end in the world’s largest sukuk market. Copyright reserved to Bloomberg TV Malaysia 2015
