Islamic finance boosts intra-African trade

A number of financing agreements, totalling over US$250mn, have been raised in support of the African Export-Import Bank (Afreximbank) in recent weeks. The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, has provided a US$100mn and a €50mn facility, both of which will be used to support trade transactions […]

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Bahrain tops regional Islamic finance table

LONDON: Bahrain has topped the regional rankings of a key Islamic finance league table. It also came second globally in the in the fifth edition of the Islamic Finance Development Report and Indicator. The report was prepared by Thomson Reuters and the Islamic Corporation for the Development of the Private Sector (ICD) — the private sector […]

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Brunei in top 10 Islamic finance markets

BRUNEI Darussalam reached yet another milestone with the country attaining a spot among the top 10 performing Islamic finance markets in the ICD-Thomson Reuters Islamic Finance Development Report 2017, published recently. With a score of 47 in the Islamic Finance Development Indicator (IFDI), Brunei rose to ninth position this year from last year’s 14th position […]

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Islamic finance attracts non-Muslim countries

Islamic finance attracts non-Muslim countries Islamic finance is extremely popular in Muslim-majority countries in the Middle East and South Asia. However, non-Muslim countries are now seeing the attraction in investing in it. According to Dealogic data, issuance of Islamic debt by non-Muslim countries is set to climb a three-year high in 2017 due to the […]

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Islamic finance calls for more talents

By MOHAMMAD MAHBUBI ALI ISLAMIC finance has witnessed, over the last few years, a remarkable growth at 15 to 20 per cent Compounded Annual Growth Rate (CAGR), emerging as one of the fastest growing financial sectors in the world. The total assets of the Islamic financial industry in 2015 was around US$2 trillion (RM8.3 trillion) and […]

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UAE, Bahrain top Islamic Finance global rankings

The UAE, Bahrain and Malaysia are leading the Islamic Finance Development Report and Indicator (IFDI) country rankings for the fifth consecutive year, stated Thomson Reuters, a leading provider of intelligent information for businesses and professionalsm, in its report prepared in cooperation with the Islamic Corporation for the Development of the Private Sector (ICD), the private […]

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Islamic finance calls for more talents

By MOHAMMAD MAHBUBI ALI ISLAMIC finance has witnessed, over the last few years, a remarkable growth at 15 to 20 per cent Compounded Annual Growth Rate (CAGR), emerging as one of the fastest growing financial sectors in the world. The total assets of the Islamic financial industry in 2015 was around US$2 trillion (RM8.3 trillion) and […]

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