Strengthens position as preferred bank for UAE Nationals Press Release Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced a partnership with the Sheikh Zayed Housing Programme. Enhancing its position as the preferred bank for UAE Nationals, Emirates Islamic will provide home finance solutions to the beneficiaries of projects built and delivered by […]
Amir Firdaus, chief financial officer, Al Rayan Bank MAY 2019 It is believed that more than 80pc of all fixed-term deposit customers of Al Rayan bank are not of the Muslim faith Islamic finance is reinforcing the UK’s position as a global financial hub, says Amir Firdaus, chief financial officer of the UK’s oldest and […]
A number of leading financial institutions in Jordan are acknowledging the positive effect of financial inclusion on the overall wellbeing of the country’s economy When it comes to improving the general wellbeing of society, while promoting economic growth, the value of financial inclusion can’t be overstated. Access to financial tools like bank accounts […]
Residential property and green fields sit near the coast in Dublin Bay, Ireland. The Philip Lee Islamic Finance Survey, conducted between mid-December 2018 and early February 2019 with a representative sample of 400 Muslims residing in Ireland, revealed that 86% of respondents expressed a desire to purchase a home or investment property and 98% would […]
The Desk facilitated the purchase and supply of title to metal commodities, sourced from a number of suppliers, for the use by the Desk’s clients in Murabaha transactions Press Release Dubai: The Dubai Financial Services Authority (DFSA) has imposed restrictions on David Barnett and Christopher Steer following an investigation into their conduct while working on the Commodity […]
Assets of banks offering Islamic finance growing at 7% per year, according to Thomson Reuters Islamic start-up funding for small businesses is set to boom in Britain as the UK cements its position as the top Western centre for Sharia-compliant finance. The UK has five fully Sharia-compliant banks licensed with banking assets for around $4.7 […]
Taking philanthropy to a new level, UNHCR restructures its existing Zakat program into the Refugee Zakat Fund to help individuals and Islamic financial institutions realize their social responsibility with global impact Inaugural report indicates that Muslims pay around US$ 76 billion in Zakat each year, an amount with great potential to positively impact the world […]
This opinion piece is co-authored by HRH Princess Sarah Zeid, Global Advocate for Maternal, Child and Newborn Health in Humanitarian Settings, and Amir M. Abdulla, Deputy Executive Director of the World Food Programme. The rich culture of altruism in Islam emphasizes giving to those most in need. Today, nowhere is this generosity more strategically needed […]
Globally, gross Takaful premiums, or contributions, increased at a compound annual rate of 9% between 2014 and 2017 By Issac John, Khaleej Times The profitability of Takaful insurers will stabilise after falling in 2017 due to heavy price discounting in the GCC countries, and rising claims in south east Asia, Moody’s said, noting that global demand […]
Dubai – Mubasher: Dubai Islamic Bank (DIB) is looking at opportunities to support the expansion of its activities. To this end, the UAE’s largest Islamic Bank might acquire financial institutions in line with the bank’s strategy and directions of its shareholders and board of directors, the lender said in a statement to the Dubai Financial Market (DFM) on Sunday. DIB is […]
Mahathir Mohamad says Islamic finance can be ‘catalyst’ for growth of green developments globally. ANKARA Malaysia’s prime minister on Wednesday said that introduction of smart technology within the financial industry has “positively disrupted the industry”. “Fintech [financial technology] has also penetrated the Islamic finance space despite it being considered in a very early stage,” Malaysia’s […]
The presentation of the new “Market Report 2018” by the Labuan Financial Services Authority last week gives the opportunity to cast a light on Asia’s underreported Islamic finance hub and its future potential: Labuan. Labuan is a federal territory of Malaysia comprising one large main and six smaller islands located off the northern coast of […]
