New Report Outlines Actions to Leverage Islamic Finance for Development

The World Bank Group and the Islamic Development Bank published the first Global Report on Islamic Finance, which details the prospects for the global Islamic finance industry and its potential to help reduce worldwide income inequality, enhance sharing prosperity, and achieve the Sustainable Development Goals. Subtitled “A Catalyst for Shared Prosperity?”, the report provides an […]

Read More

Charity, certainty, and transparency: What the world can learn from Islamic finance

Key takeaways. (Reuters/Wahyu Putro A/Antara Foto) By 2030, more than a quarter of the world’s population will be Muslim. However, most conventional financiers do not offer financing arrangements that suit the particular restrictions that Muslims face when it comes to money, contracts, and finance. Islamic finance is based upon principles of ethics and transparency—which means […]

Read More

Trump and Brexit events highlight the need for more Participation/Islamic Finance

The report proposes that after decades of increasing financial inequality and insecurity, the majority of citizens in the USA and UK have expressed their desire for change via the election of Trump and the Brexit referendum. This demographic has been broadly excluded from substantial wealth creation of recent decades that has been largely driven by […]

Read More

Islamic finance body drafts new standard for centralised sharia boards

By Bernardo Vizcaino Feb 9 A global body for Islamic finance has issued a draft standard on centralized sharia boards, aiming to improve corporate governance in the industry and increase the consumer appeal of sharia-compliant financial products. The proposed rules come at a time when Islamic banks are trying to widen their appeal to consumers […]

Read More

Malaysia chases the big money in Islamic finance

One can make an argument that the only bright spot in Malaysian finance, commerce and politics today is Islamic finance. It is the only area where Malaysia leads the world. The Securities Commission intends to keep it that way and in January launched a five-year blueprint to cement its status.  How? Malaysia already leads the […]

Read More

Islamic finance sees big growth in Europe

finance is a concept that people working in the banking and finance industries are likely to come across in their careers. Islamic finance, despite its label, is not limited to Muslim countries. It has shown growth globally, including in Europe. Total Islamic finance assets worldwide are projected to grow to $3.5 trillion by 2021 from […]

Read More

Morocco launches Islamic banking services

Marrakech, Morocco. Five banks in Morocco have been granted permission by the central bank to offer Islamic banking services and products Sharia-compliant finance has made its debut in Morocco, with the government approving Islamic products and services in the banking sector Morocco has become the latest Muslim-majority country to authorise Islamic banking. The central bank […]

Read More

Africa Finance Corporation issues $150 million maiden sukuk

LAGOS — Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has issued its maiden sukuk, the highest-rated ever sukuk issuance from an African institution. Following high levels of investor interest, the initial target of $100 million was more than twice oversubscribed, resulting in the transaction being upsized to $150 […]

Read More

Islamic finance an appealing option for international students

Islamic finance an appealing option for international students "Since the financial crisis specialist teams within financial institutions, such as those working in Islamic finance, are seen as more significant," says Professor Naik Islamic finance is attracting increasing numbers of executives from diverse backgrounds, according to a London Business School finance professor. Narayan Naik, Professor of […]

Read More
Page 10 of 27« First...89101112...20...Last »