How Islamic Finance cushions against risks, defaults

By Jaafar Abdulkadir As Islamic banking gradually continues to make strides into the mainstream financial services sector in Kenya, players are increasingly redefining their relationship with customers. Just how does Islamic banking operate? How do the financiers cushion themselves from customer defaults and associated risks?   Islamic banking operates on the basis of contracts that are […]

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Malaysia and Islamic Finance in Emerging Markets

The world of Islamic finance and investing represents an exciting world of opportunities for Muslims all over the world, and one we think should likely continue to grow. I recently had the pleasure of attending the Global International Islamic Finance Forum (GIFF) in Malaysia and had the opportunity to share our team’s views as well […]

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Islamic finance aspires for more fertile ground

Image Credit: Luis Vazquez/©Gulf News Roughly one-third of those suffering from extreme poverty worldwide live in member states of the Organisation of Islamic Cooperation (OIC). In 21 of those 57 countries, fewer than half of the population has access to adequate sanitation. Four per cent of infants born in these countries die before they reach […]

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Islamic finance looks for a second wind

Fleur Cafe in budget hotel The Daulat, Singapore was opened with the help of Islamic crowdfunds. KUALA LUMPUR Islamic finance is not growing like it used to, rattled by the commodities slump and political instability in some Muslim-majority countries. Market players are warning that the industry depends too heavily on oil and gas for revenue, and […]

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Emirates Institute for Banking and Financial Studies organises workshop on islamic asset management

Jamal Al Jassmi, General Manager of EIBFS As part of its ongoing commitment to impart Islamic banking and finance education, Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, hosted a day-long workshop on the current and future landscape of the sharia-compliant asset management sector for […]

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Saudi Arabia to join Turkey, Indonesia in infrastructure Islamic bank

JAKARTA, Saudi Arabia has joined Turkey, Indonesia and the Jeddah-based Islamic Development Bank (IDB) as a prospective founder member of a new Islamic finance infrastructure bank, according to Indonesia’s finance minister. Speaking to Reuters on the sidelines of the annual IDB meeting of governors in Jakarta on Thursday, Bambang Brodjonegoro said the four could contribute […]

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Global institutions call for strong Islamic banking regulations and supervision

Ethical and inclusive nature of Islamic finance make it a sustainable option  Dubai: A high level forum on Islamic Finance in the Arab region on Sunday called for strengthening Islamic banking regulation and supervision. It was organised by the Arab Monetary Fund and the International Monetary Fund, in collaboration with World Bank, Islamic Development Bank, […]

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