Following its recent Sukuk default, the IMDB corruption scandals continues to cast a dark shadow over the Malaysian financial sector with this week the United States moving to seize more than $1bn in assets, ranging from plush properties to a private jet, from people connected to Prime Minister Najib Razak. Against this backdrop, Islamic finance […]
Islamic finance ‘could benefit Italy after Brexit’ (by Elisa Pinna) ROME – Investors from the Islamic financial world could be the answer to Italy’s woes in the wake of the Brexit, according to participants in a recent conference organized by Nctm finance law firm. The conference was attended by Foreign Undersecretary Vincenzo Amendola, Lower House […]
A BCA Syariah staff member serves a customer after an opening ceremony at its headquarters on Jl. Jatinegara Timur in East Jakarta on April 5, 2010. (The Jakarta Post/P.J. Leo) The performance of the Islamic banking industry in Indonesia has yet to satisfy the public’s expectations. Although with a market of more than 200 million […]
Oman currency; money; bank note; investments; lstock Recent regulations on sukuk (Islamic bonds) are helping drive growth in Oman’s Islamic banking sector, with sharia-compliant lenders gaining ground. 26 June 2016 Recent regulations on sukuk (Islamic bonds) are helping drive growth in Oman’s Islamic banking sector, with sharia-compliant lenders gaining ground. Growth of Islamic banking is […]
The future exit of the United Kingdom from the European Union is to be one of the most profound political, economic and legal events in the country’s recent history. For those who seek to engage with Islamic Finance and attract Islamic compliant investment to the UK, there are opportunities in the upheaval. What’s changed and […]
Zak Hydari, the chief executive of Rasmala. Reem Mohammed/ The National Islamic banks and asset managers based in London have played down the impact of the UK vote to leave the European Union, amid wider fears the move could spell an exodus from the world’s financial capital. The Brexit result has caused turmoil in the […]
Sultan Ahmed Bin Sulayem rings the market-opening bell to celebrate the listing on Nasdaq Dubai Sultan Ahmed Bin Sulayem, group chairman and chief executive officer of DP World, rang the market- opening bell today to celebrate the listing on Nasdaq Dubai of a US$ 1.2 billion Sukuk – the Islamic equivalent of bonds. The listing […]
The small European nation of Luxembourg, known as a financial centre within the eurozone with a particular expertise in fund management and investment structures, is expected to threaten and possibly take over London’s role as European hub for Islamic finance in a post-Brexit world, experts say. London and Luxembourg before where more complementary than competitive […]
Manama, June (BNA): Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) will host the AAOIFI – World Bank 11th Annual Conference on Islamic Banking and Finance on 6-7 November in Kingdom of Bahrain. The conference is organized in partnership with the World Bank, and will be held under the auspices of the Central Bank […]
As the referendum on whether to leave or remain in the European Union (EU) looms in the UK, voices are getting louder, particularly in the country’s financial industry that it would not necessarily be a good idea to vote for a Brexit. Since the weight of the UK in the global financial market is substantial […]
