ITFC has moved quickly to put in place emergency financing measures to ensure that member countries continue to receive the support needed By Staff Writer, The Saudi Gazette JEDDAH — Societies and economies are being affected by the unprecedented and unpredictable nature of the COVID-19 pandemic. These include a major shift in global trade routes, changes in […]
By Omar Faridi Vinnie Lauria, an entrepreneur and venture capitalist who established Golden Gate Ventures, an early-stage VC company managing more than $250 million in assets, notes that his Singapore-based company has been watching emerging tech sectors across the Southeast Asia region. Lauria reveals that he’s seeing significant growth in the Islamic finance industry. He points out that the […]
Link to Fitch Ratings’ Report(s): Indonesian Islamic Banks Dashboard: 2020 Fitch Ratings-Jakarta-09 March 2020: Indonesia’s new five-year roadmap for the country’s Islamic banking sector should provide some impetus to its development, although most benefits are likely to be realised over the medium term rather than the near term, Fitch Ratings says. The wide-ranging roadmap addresses the […]
JAKARTA (Reuters) – Like millions of other Indonesians, Gandi Iswara had for years carried a wad of currency notes for dropping into donation boxes after prayers at mosques in suburban Jakarta.FILE PHOTO: A volunteer collects alms boxes with QR codes and stacks them on a cart after Friday prayers at Istiqlal mosque in Jakarta, Indonesia, […]
Financial technology, or fintech as it has come to be known, gets a lot of attention for its extraordinary potential to change lives and change economies. Fintech can help ordinary people access financial products securely and efficiently, while boosting countries’ economic growth. In Malaysia, where annual economic growth has averaged just under 5 percent over the past […]
Takaful operators and providers should rethink and re-strategise the way products are positioned to entice a larger crowd, says Fitch by PRIYA VASU MALAYSIA has firmly established itself as an Islamic hub in the world through leadership and innovative product offerings in the niche industry. While most of the success in the Islamic financial realm […]
Islamic Development Bank (ISBD) recently announced that it achieved its highest ever order book at the launch of its $2bn Sukuk. The launch occurred with tight pricing and a cautious market environment that did not deter investors from supporting the ISDB’s largest Sukuk issue, with an AAA-rated credit. Speaking at the $2bn Sukuk launch, the […]
Total deposits held with Islamic banks and windows also increased by 10.3%By Staff Writer, Times of Oman Muscat: Islamic banking entities provided financing to the extent of about OMR4 billion at the end of December 2019, recording a growth of 11 per cent over that a year ago, according to the bulletin issued by the Central […]
BRUNEI DARUSSALAM (Borneo Bulletin/ANN): Brunei Darussalam maintained its ranking as one of the top 10 performing Islamic finance markets out of 131 countries as reported in the recently published ICD-Refinitiv Islamic Finance Development Report 2019: Shifting Dynamics. The report, which takes into account data accumulated in 2018, revealed that Brunei Darussalam’s scored 45 points in […]
by Shaimerden Chikanayev GRATA International0 Liked this Article The question of whether or not there is any Islamic finance development in Kazakhstan is not easy to answer. There is definitely strong support from the government of Kazakhstan for Islamic finance as an alternative source of funding for infrastructure, SMEs, agriculture and such. But although Kazakhstan adopted […]
The Peninsula Doha: Qatar’s total Islamic finance assets constitute 33 percent of the nation’s total financial system assets and this has been driven by a CAGR growth of 8 percent since 2015 to $129bn in the first half of 2019, said Yousuf Mohamed Al Jaida, CEO of the Qatar Financial Centre in his address at […]
There is so much of ‘socially responsible investing’ already in place in its ways By William Tohmé, Special to Gulf News Socially responsible investing (SRI) and Islamic finance share similar origins and aspirations. Common to both is an ethical underpinning that puts stewardship and societal value creation at the forefront of finance. Yet for the […]
