How could a Brexit no-deal affect Islamic finance?

While a no-deal Brexit could have a significant negative impact on U.K.-based Islamic banks’ asset quality, it is unlikely to cause major disruption to their funding, according to a report published today by S&P Global Ratings titled “Countdown To Brexit: Implications Of A No-Deal Brexit For Islamic Finance.” The U.K. is home to five fully […]

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Islamic finance an opportunity for Ugandans, finance minister

The Parliament of Uganda passed the Islamic banking regulation in 2016, however it has been delayed by the requirement to set up the Shari’ah Advisory Board in the central bank. MARCH 2019 BY KUDAKWASHE MUZORIWA The finance minister expects the zero-interest system in Islamic Banking to attract a good number of Ugandan entrepreneurs, reported local daily, The […]

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UAE securities regulators launch ’passporting’ facility for country-wide promotion of investment funds

Three securities regulators in the United Arab Emirates have agreed on the coordinated supervision of the marketing and selling of domestic funds across the country. The Emirates Securities and Commodities Authority (ESCA), Dubai Financial Services Authority (DFSA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) on Monday released details of a common […]

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Islamic Development Bank to raise $2bln in sukuks in 2019

The Islamic Development Bank (IsDB) will issue its first euro-dominated sukuk this year, President Bandar Hajjar said By Ahmed Eljechtimi, Reuters News RABAT- The Islamic Development Bank (IsDB) will raise around 2 billion dollars through multiple sukuk issuances this year, President Bandar Hajjar said on Thursday. The bank, which operates in 57 countries, sold over 600 million euros […]

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South Africa Banking Market Report 2018: Focus on Central Bank Services, Islamic Finance, Automotive Financing, Retail, Reward & Loyalty, & Direct Home Loans

MENAFN – PR Newswire) DUBLIN, 2019 /PRNewswire/ — The “The Banking Industry in South Africa 2018” report has been added to ResearchAndMarkets.com’s offering. The South African banking sector which has total assets of R5.14-trillion, remains highly concentrated with the five largest banks holding 91% of total assets as of 31 December 2017. While the country’s […]

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