Christians and Muslims join forces to promote ethical finance

Christians and Muslims have united to launch a new ethical financial services initiative to tackle inequality and poverty. The Church of Scotland and the Islamic Finance Council UK (IFC) announced the venture on Tuesday. It will be the first time Christian and Muslim financial initiatives have joined forces. Andrew O’Brien Angus Morrison (right), the Moderator […]

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Maisarah Islamic Banking Services Supports Islamic Finance Seminar

Muscat – Reiterating its commitment to contribute to the rapid development of the Islamic financial market in the Sultanate, Maisarah Islamic Banking Services of Bank Dhofar supported the inaugural IFN Oman Dialogue and Seminar that was hosted recently by REDmoney and Islamic Finance News. Conducted at the Grand Hyatt Hotel in Muscat, the one-day double […]

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Indonesia hopes new hedging rules will attract sharia-compliant investors

JAKARTA, March (Reuters) – Indonesia’s central bank, in a bid to expand the country’s Islamic finance industry, has issued a regulation that allows the use of Islamic foreign exchange hedging tools by banks. The regulation, backed by rulings by Indonesia’s National Sharia Board, specified that both Islamic and conventional banks can now offer deferred sale […]

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