Malaysian insurers to target Europe in Islamic finance push

By Monira Matin Malaysia’s Islamic insurers are considering a move into Europe by targeting the continent’s growing Muslim population, an expert in Islamic finance has said. Sharia-compliant products including pension funds and insurance products are based on religious guidelines such as bans on alcohol and gambling, similar to socially responsible funds in western countries. Speaking […]

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Jakarta launches Islamic finance master plan

JAKARTA • The Indonesian government has launched a national master plan to develop its Islamic finance industry, the latest effort aimed at awakening what is still a niche sector in the world’s most populous Muslim country. Islamic finance was introduced in South-east Asia’s largest economy more than two decades ago but it has managed only […]

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Indonesia launches master plan to breathe new life into Islamic finance sector

By Bernardo Vizcaino Aug 19 (Reuters) – The Indonesian government has launched a national master plan to develop its Islamic finance industry, the latest effort aimed at awakening what is still a niche sector in the world’s most populous Muslim country. Islamic finance was introduced in Southeast Asia’s largest economy more than two decades ago […]

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Indonesia looks to Islamic finance for infrastructure needs

SIMON ROUGHNEEN, Asia regional correspondent Indonesian President Joko Widodo awaits heads of government at the World Islamic Economic Forum in Jakarta on Aug. 2. (Photo by Simon Roughneen) JAKARTA — Measures to boost Indonesia’s relatively small Islamic finance sector could help the government implement an ambitious infrastructure modernization program across the 13,000-island archipelago, according to […]

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Islamic finance’s momentum in Russia increasin

With the many challenges Russia’s economy is currently facing, now is the time to shore up relationships with regions in which Russia has had continued success. With that in mind, Russia has set off on a path towards greater participation in Islamic finance and the broader Islamic economy. Three major banks—Vnesheconombank, Sberbank and Tatfondbank—all signed […]

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Fitch: Sukuk issuance in key markets up 11% in H1

A clock is seen inside the lobby of the headquarters of Fitch Ratings headquarters in New York, February 6, 2013. REUTERS/Brendan McDermid (UNITED STATES – Tags: BUSINESS) Reuters/Brendan McDermid JEDDAH: Sukuk issuance from key markets in H1, 2016 rose 11 percent compared to a year earlier, according to Fitch Ratings’ analysis, underlining our expectation for […]

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