Islamic finance attracts non-Muslim countries

Islamic finance attracts non-Muslim countries Islamic finance is extremely popular in Muslim-majority countries in the Middle East and South Asia. However, non-Muslim countries are now seeing the attraction in investing in it. According to Dealogic data, issuance of Islamic debt by non-Muslim countries is set to climb a three-year high in 2017 due to the […]

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Islamic finance calls for more talents

By MOHAMMAD MAHBUBI ALI ISLAMIC finance has witnessed, over the last few years, a remarkable growth at 15 to 20 per cent Compounded Annual Growth Rate (CAGR), emerging as one of the fastest growing financial sectors in the world. The total assets of the Islamic financial industry in 2015 was around US$2 trillion (RM8.3 trillion) and […]

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UAE, Bahrain top Islamic Finance global rankings

The UAE, Bahrain and Malaysia are leading the Islamic Finance Development Report and Indicator (IFDI) country rankings for the fifth consecutive year, stated Thomson Reuters, a leading provider of intelligent information for businesses and professionalsm, in its report prepared in cooperation with the Islamic Corporation for the Development of the Private Sector (ICD), the private […]

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Islamic finance calls for more talents

By MOHAMMAD MAHBUBI ALI ISLAMIC finance has witnessed, over the last few years, a remarkable growth at 15 to 20 per cent Compounded Annual Growth Rate (CAGR), emerging as one of the fastest growing financial sectors in the world. The total assets of the Islamic financial industry in 2015 was around US$2 trillion (RM8.3 trillion) and […]

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Saudi Arabia joins Islamic finance body, could boost cross-border deals

(Reuters) – Saudi Arabia’s central bank has joined an international standard-setting body for Islamic finance, a move that could help standardise industry practices and ease cross-border transactions in the Kingdom. The Bahrain-based Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) said in a statement late on Sunday it had admitted the Saudi Arabian Monetary […]

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Malaysia’s Islamic finance urged to embrace fintech

By Arno Maierbrugger Gulf Times Correspondent Bangkok Islamic banks and financial service providers in Malaysia, which is currently riding out a slowdown in global growth of the sector, have been told they should develop more new products and embrace innovative tools from financial technology (fintech) startups in order to better navigate through the current disruptive […]

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