IMF endorses Islamic finance, warns it must be implemented better

(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 […]

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Rise of the digital Islamic economy

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, […]

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Global Forum on Islamic Finance 2015

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. […]

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Global sukuk issuance to gain momentum in 2015

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 […]

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Islamic Growth Markets Investment Report 2015: Connected Value Creation

Connecting Investors with the Next Investment Frontier – #Bahrain, 2-3 #March 2015 Join the Global Islamic Investment Gateway to hear from market leaders #GIIG2015 http://www.giig2015.com Your Access to the Next Investment Frontier. GIIG is the premier investment event for #Islamic markets bringing together #investment decision makers and investment opportunities to facilitate cross-border investment flows. Islamic […]

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Sukuk Market Overview

The Malaysia-based International Islamic Liquidity Management Corp (IILM) will hold two auctions next week to issue a combined $990 million worth of Islamic bonds (sukuk), under a programme that is now authorised to issue $3 billion in short-term paper. The IILM will auction $490 million worth of three-month sukuk and $500 million of six-month sukuk […]

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Abu Dhabi Islamic Bank plans subordinated sukuk in Malaysia

Abu Dhabi Islamic Bank , the emirate’s largest sharia-compliant bank, plans to issue capital-boosting Islamic bonds in Malaysia, its first foray in the Southeast Asian Islamic debt capital market. Credit agency RAM Ratings assigned preliminary ratings of AAA and AA1 to the proposed senior and subordinated sukuk, the agency said in a regulatory filing on […]

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UK’S first Shariah Compliant Seed Enterprise Investment Scheme (SEIS) announced by Portillion Capital and IFAAS

About Portillion Capital “Portillion Capital Ltd is a privately held Independent Wealth Management firm, authorised and regulated by the FCA, no 597038. Portillion Capital is proud to be dedicated to the provision of Shariah complaint and ethical financial solutions advising all types of investors. It is committed to pioneering authentic, new and innovative Shariah compliant […]

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Goldman Sachs plans debut sukuk issue as Islamic finance goes mainstream

(Reuters) – Goldman Sachs is reviving plans to raise at least $500 million (304 million  pounds) with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream  as big conventional banks seek to tap Middle Eastern money. The U.S. bank will meet investors in Qatar next Wednesday and the United Arab Emirates  on the […]

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