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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Weaker economic conditions take toll on Islamic finance growth

By Arno Maierbrugger/Gulf Times Correspondent/Bangkok The global Islamic finance industry will continue to grow at a comparably slow rate of around 5% in 2019 and 2020 in terms of assets, according to the newly issued “Islamic Finance Outlook 2020” by US-based business intelligence firm S&P Global Ratings. This follows a 10% growth rate in 2017 […]

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Indonesia’s KNKS to be renamed National Sharia Economy and Finance Committee to be headed by VP Ma’ruf Amin

BY YOSI WINOSA – SALAAM GATEWAY JAKARTA – Indonesia’s National Islamic Finance Committee (KNKS) is set to be renamed the National Sharia Economy and Finance Committee (KNEKS) to better reflect its mandated work, Dr. Sutan Emir Hidayat, its Director of Education and Research told Salaam Gateway on Monday (Jan 20). The revision draft of Presidential Regulation […]

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the DFSA signs guiding principles on sustainable finance together with leading authorities in the UAE

The Guiding Principles were officially signed in a ceremony today at the Abu Dhabi Sustainable Finance Forum (ADSFF) during Abu Dhabi Sustainability Week. Press Release Dubai, UAE: The DFSA, together with a group of leading authorities in the UAE, has published the UAE’s first Guiding Principles on Sustainable Finance (the Guiding Principles), which will serve as […]

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