Events, News & Articles

Total deposits held with Islamic banks and windows also increased by 10.3%By Staff Writer, Times of Oman Muscat: Islamic banking entities provided financing to the extent of about OMR4 billion at the end of December 2019, recording a growth of 11 per cent over that a year ago, according to the bulletin issued by the Central […]

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 […]

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 […]

The Peninsula Doha: Qatar’s total Islamic finance assets constitute 33 percent of the nation’s total financial system assets and this has been driven by a CAGR growth of 8 percent since 2015 to $129bn in the first half of 2019, said Yousuf Mohamed Al Jaida, CEO of the Qatar Financial Centre in his address at […]

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 […]

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 […]

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 […]

DUBAI – Dubai Islamic Bank said it completed the acquisition of Noor Bank to consolidate its position as the top Islamic lender in the United Arab Emirates. Dubai Islamic Bank (DIB) said in a statement the acquisition was concluded through a share swap after securing the necessary approval from the regulatory authorities. The bank said the […]

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 […]

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 […]

by: Hassan Jivraj The United Kingdom is set to leave the European Union (EU) on January 31. Uncertainty looms as to whether the government will secure a trade deal with the EU or leave in December 2020 without one. Nonetheless, Brexit presents various risks and opportunities, such as Islamic finance playing a role in bilateral […]