Islamic finance body IIFM launches cross currency swap standard

(Reuters) – The Bahrain-based International Islamic Financial Market (IIFM) launched a standard contract template for sharia compliant cross currency swaps on Thursday, as the industry body seeks to enhance use of hedging tools in the sector. As Islamic finance grows, institutions are increasingly taking larger positions, often in various currencies, prompting the need for widely-accepted […]

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Asiya: China’s economic rebalancing is moving ahead

The success of China’s transition from an industrial-focused economy to a consumption-based one will be crucial to the rest of Asia and the Gulf, according to a report prepared by Camille Accad, Economist at Asiya Investments Company. China’s plans to become a consumption and service based economy are progressing rapidly. In the 2000s, growth was […]

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Malaysia aims to boost Islamic finance with new initiatives in budget

KUALA LUMPUR,  (Reuters) – Malaysia is hoping new incentives for “ethical” Islamic bonds and home loans will strengthen the country’s sharia-compliant investment market and lure more private players to one of the world’s largest Islamic financial sectors. The government announced the new incentives in the 2016 budget which was delivered in parliament on Friday, as […]

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3rd Mediterranean Islamic Finance Forum to take place in Spain

The General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions, and the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) and the Chamber of Commerce of Barcelona are co-organising the 3rd Mediterranean Islamic Finance Forum, themed “Building Bridges” on the 27th of November 2015, at Casa Llotja de Mar […]

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Malaysia Sukuk Sales Revival in 4Q

October 1, 2015 (Kuala Lumpur) — Islamic bond issuance in Malaysia over the last three months marked its slowest quarter since 2010. Bloomberg TV Malaysia’s Sophie Kamaruddin and Han Tan look at the factors that could mark a turnaround by year-end in the world’s largest sukuk market. Copyright reserved to Bloomberg TV Malaysia 2015

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Sharia-compliant crowdfunder and Islamic Finance Council UK rewarded by ADIB-Thomson Reuters Ethical Finance Innovation Challenge and Awards

The Islamic Finance Council UK and crowdfunding platform Narwi were recognised at this year’s prestigious Abu Dhabi Islamic Bank (ADIB)- Thomson Reuters Ethical Finance Innovation Challenge Awards (EFICA), while former UN Secretary General Kofi Annan was presented with a lifetime achievement award. “The Ethical Finance Innovation Awards are the culmination of our efforts to seek […]

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