Brunei remains top 10 in Islamic finance development indicators 2019

BRUNEI DARUSSALAM (Borneo Bulletin/ANN): Brunei Darussalam maintained its ranking as one of the top 10 performing Islamic finance markets out of 131 countries as reported in the recently published ICD-Refinitiv Islamic Finance Development Report 2019: Shifting Dynamics. The report, which takes into account data accumulated in 2018, revealed that Brunei Darussalam’s scored 45 points in […]

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Kazakhstan: Development Of Islamic Finance In Kazakhstan: Reality Or Myth?

by Shaimerden Chikanayev GRATA International0 Liked this Article The question of whether or not there is any Islamic finance development in Kazakhstan is not easy to answer. There is definitely strong support from the government of Kazakhstan for Islamic finance as an alternative source of funding for infrastructure, SMEs, agriculture and such. But although Kazakhstan adopted […]

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Islamic finance picks up on best practices

There is so much of ‘socially responsible investing’ already in place in its ways By William Tohmé, Special to Gulf News Socially responsible investing (SRI) and Islamic finance share similar origins and aspirations. Common to both is an ethical underpinning that puts stewardship and societal value creation at the forefront of finance. Yet for the […]

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Islamic finance making strides in Canada

By Arno Maierbrugger/Gulf-Times Correspondent/Bangkok Although currently not quite in the very centre of attention of the global Islamic finance industry, the Canadian Islamic finance scene in the recent past has experienced growing interest from domestic and international investors, as it developed a rising number of Shariah-compliant investment and financing offerings. The reason is that more […]

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Boubyan Bank announces a successful offer for BLME Holdings plc (BLME)

Valid acceptances, together with Boubyan Group’s existing shareholdings, represent approximately 67.44 per cent. of the issued ordinary share capital of BLME Abdul-Salam Al-Saleh- Press Release The offer will remain open for further acceptances until 1.00 p.m.  (London time) on 19 February 2020 Boubyan Bank believes that the acquisition will enable it to provide its clients with […]

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AAOIFI partners with Turkish Islamic banks to promote Islamic finance

The two institutions agreed to work in areas of common interest that support the development of the Islamic finance industry The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has signed an MOU with the Participation Banks Association of Turkey (TKBB) to collaborate in the promotion of Islamic finance in Turkey. AAOIFI and TKBB […]

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Regulatory Shifts May Help Boost Islamic Banking in the Philippines

New guidelines released by The Bangko Sentral ng Pilipinas (BSP) could pave the way for new sukuk issuance in one of ASEAN’s fastest growing economies. The Philippines Central Bank (BSP) has released a set of guidelines for the country’s Islamic banks and Islamic banking units (IBUs) and approved the Shari’ah Governance Framework (SGF) to ensure […]

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MANZIL AND IFAAS LAUNCH THE FIRST SHARIAH COMPLIANT INVESTMENT AND PROPERTY FINANCING PRODUCTS IN CANADA

Manzil and IFAAS launch the first Shariah compliant investment and property financing products in Canada Affordable and Shariah-compliant property finance and investment solutions now a reality for Canadians TORONTO, January  30, 2020: Manzil announced today the launch of the very first Islamic mortgage product which utilizes the Murabaha (cost-plus financing) structure in addition to introducing […]

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