DIB seeks to expand activities, mulls acquisitions

Dubai – Mubasher: Dubai Islamic Bank (DIB) is looking at opportunities to support the expansion of its activities. To this end, the UAE’s largest Islamic Bank might acquire financial institutions in line with the bank’s strategy and directions of its shareholders and board of directors, the lender said in a statement to the Dubai Financial Market (DFM) on Sunday. DIB is […]

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Malaysian PM urges Islamic bankers for tech investment

Mahathir Mohamad says Islamic finance can be ‘catalyst’ for growth of green developments globally. ANKARA  Malaysia’s prime minister on Wednesday said that introduction of smart technology within the financial industry has “positively disrupted the industry”. “Fintech [financial technology] has also penetrated the Islamic finance space despite it being considered in a very early stage,” Malaysia’s […]

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Labuan: Asia’s overlooked Islamic finance growth story

The presentation of the new “Market Report 2018” by the Labuan Financial Services Authority last week gives the opportunity to cast a light on Asia’s underreported Islamic finance hub and its future potential: Labuan. Labuan is a federal territory of Malaysia comprising one large main and six smaller islands located off the northern coast of […]

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What is Islamic finance – and what has Ireland done about it?

By Edana RichardsonOpinion: Islamic finance has potential opportunities for the Irish financial services sector, but legislative changes are needed to make it work here In 2015, the Irish Government declared Islamic finance to be a sector of opportunities for Ireland’s financial services sector. This enthusiasm was not unreasonable. While Ireland’s Muslim population of just over 63,000 people in 2016 is […]

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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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