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 […]

Read More

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 […]

Read More

Russia’s Sberbank considers Islamic finance entity, to propose regulatory change

(Reuters) – Russia’s largest lender Sberbank is considering setting up an Islamic finance entity and will propose regulatory changes to facilitate sharia-compliant business, a senior bank official told Reuters. Russian banks want to develop Islamic finance to attract investors from the Gulf and Southeast Asia, underscoring efforts to widen funding sources strained by an economic […]

Read More

Why Nigeria should tap into $3trn Islamic finance revenue – Prof Binta

Nigeria should strive to get its slice of the $3trillion global revenue of the Islamic finance market, the Director International Institute of Islamic Banking and Finance (IIIBF), Prof Binta Tijjani Jibril, has said. Prof Binta who spoke with Daily Trust in Abuja said given the multifarious financial problems Nigeria is facing at the moment, looking […]

Read More

Islamic finance, a strong and scalable funding source for global development

New York, September 20 — Successful implementation of the 2030 Agenda requires a significant amount of financial resources, beyond traditional development financing. Innovative approaches are required to unlock new sources of capital. The public and private stakeholders, and investors gathered in New York for the high level side event- ‘Realizing Agenda 2030: How Islamic Finance through […]

Read More
Page 10 of 33« First...89101112...2030...Last »