Worldwide Halal food; lifestyle market to reach US$ 3.7 trillion by 2019

Over 800 Halal certified companies set for Halal World Food at Gulfood 2016 as major international retailers explore new products in Dubai re-exports boost Halal sector opportunities to come under conference spotlight at Gulfood Halal Forum Dubai, UAE: Worldwide spending on global Halal food and lifestyle products could rise 10.8% a year until 2019 to […]

Read More

Islamic Finance: Implications for the Global Economy

As more Western companies do business in the Middle East, Islamic finance has become an increasingly important part of the world economy.But Islamic finance follows different rules than conventional Western economies, in keeping with sharia, the Islamic legal system. Demand for sharia-compliant banks is growing rapidly, with Ernst & Young projecting an annual growth rate […]

Read More

Islamic banks to sustain robust growth in Oman, says CBO official

Muscat – Oman’s Islamic banks have achieved robust growth in finance, which crossed OMR1.6 billion by the end of November 2015. The Islamic banks and window operations achieved a 65.49 per cent growth in finance, which touched OMR1,644.5 million by end-November 2015, against OMR993.7 million for the same period last year. “Islamic banks grew very […]

Read More

Islamic Finance Into a new era

2016 should be the year when regulation and standardisation make their mark on the Islamic finance world Regulation and standardisation have started to receive stronger attention, as the Islamic finance industry expands its international footprint and the range of products and services proliferates at an accelerating rate. National financial regulators and central banks are increasingly […]

Read More

Regulatory challenges for Islamic finance in Africa to be addressed at IFIF 2016

Africa forum to host key policymakers to drive discussions on regulations enabling integration of Islamic finance into financial system and realising Islamic finance potential. The upcoming second International Forum on Islamic Finance (IFIF 2016) in Khartoum, Sudan, is planned to serve as a key platform for critical discussions on developing effective regulation and supervision of […]

Read More

Islamic Banks: Efficiency and Stability

There is substantial Islamic banking activity carried out by conventional banks through their so-called Islamic windows. Such banking institutions have been excluded from this report for a simple reason that the growth and stability of Islamic banking activities in such institutions follow the growth and stability of the conventional part of such institutions. Mixing Islamic […]

Read More

Ivory Coast offers inaugural CFA 150 billion Sukuk

Hogan Lovells has advised the Islamic Corporation for the Development of the Private Sector (ICD), as arranger, on the inaugural CFA 150 Billion Sukuk offering by the Government of Côte d’Ivoire. The Sukuk is an amortising Sukuk al-Ijara and is targeted at local banks and institutional investors. It mirrors the successful Senegal Sukuk that Hogan […]

Read More

Islamic finance in Africa in its infancy but underway

Islamic finance is a fast developing activity throughout the global markets, now focusing on a new frontier—Africa. Islamic finance has historically been dominant in Malaysia and the Gulf Cooperation Council (GCC). However, over the last year, Islamic finance has expanded its footprint throughout the Middle East, Indonesia, the United Kingdom, Luxembourg and Hong Kong. In […]

Read More