Blue ocean for Islamic finance industry
The fact that millennials make up a large chunk of the customers of Islamic banking means that they will also direct its growth
Latest in Tag: islamic finance Highlight
Latest in Tag: islamic finance
Dubai to challenge London with Islamic financing platform
Reuters – Dubai will compete with London for a share of Islamic banksâ liquidity management business by offering a new platform for murabaha trading. Many Islamic banks around the world manage their short-term funds with murabaha, in which one bank acquires merchandise and another agrees to buy it at a mark-up. Traditionally, banks from the …
Gulf ties could aid Islamic finance in Italy
Reuters – Bankers and academics in Italy are stepping up efforts to develop Islamic finance in the country, a campaign which could benefit from growing economic links between Gulf countries and the euro zoneâs third largest economy. Islamic finance has so far made only marginal progress in continental Europe, mainly in France and Germany. But …
Islamic finance industry will grow in 2014: AlHuda Centre for Islamic Banking and Economics
Former chairman of Misr Iran Development bank expects growth in the Islamic finance industry to match traditional sectorâs growth
A big question mark on the Islamic finance industry
By Muhammad Zubair Mughal Apparently, it is a matter of pleasure that global volume of Islamic finance industry has crossed $1.3tn approximately, which is, definitely, providing the best and compatible sources of finance with interest free modes. According to a careful estimate, there are more than 2000 Islamic Financial Institutions offering Islamic Banking, Islamic Insurance …
Ain Shams train project established through sukuk
Project worth EGP 4.5bn in investments
Middle East Forex Expo to discuss Islamic banking
Expo held in Dubai next week
After Arab Spring, Islamists test religion in economics
By Farah Halime With the rise of political Islam across North Africa in the wake of the Arab Spring uprisings of 2011, Islamic finance is being touted as the solution to decades of unemployment and economic inequality. âWeâve tried socialism, weâve tried capitalism, now weâre trying Islam,â cried supporters of Mohamed Morsi, when he was …
Seventeen PPP projects to be financed using sukuk: Panel
Panelists at the 2nd Annual PPP Investment Summit called the new sukuk law âquantum leapâ towards introducing Sharia-compliant products to the Egyptian market
Shura council approves sukuk draft law
Upper house modifies 13 articles
Conference: Takaful is suitable for both Muslims and non-Muslims
Takaful products should be labelled âethicalâ and not âIslamicâ in order to attract non-Muslim consumers
Takaful summit promotes microtakaful in Egypt
Retakaful, a Sharia-compliant form of reinsurance, was also discussed
The 7th International Takaful Summit in Egypt
Egypt hosting the summit reflects confidence in the countryâs economic future, said keynote speaker and minister of finance, Al-Morsi Hegazy
Banking and Insurance Special: Conventional banks enter Islamic banking sector
In a bid to increase profits, furious competition ensues in the Islamic banking sector between Egyptian banking heavyweights like NBE and Banque Misr
Banking and Insurance Special:Flurry of conventional banks enter Islamic banking sector
In a bid to increase profits, furious competition ensues in the Islamic banking sector between Egyptian banking heavyweights like NBE and Banque Misr
Shura Council seeks national consensus on sukuk
New draft law for sukuk aims to help the Egyptian economy recover and generate more investment
What you need to know about Sukuk
What is the different between Sukuk and bonds?
Islamic finance to the rescue for EGPC
Egyptian General Petroleum Company receives EGP 14 billion to address fiscal crunch
Islamic finance pressured to join accounting mainstream
By Anjuli Davies / Reuters LONDON: Rapid growth of Islamic finance is increasing pressure for the industry to enter the accounting mainstream, by seeking guidance from the International Accounting Standards Board (IASB), the global body which sets the tone for book-keeping in conventional finance. It would be a controversial move – by basing itself on religious …
Huge mandate for planned new Islamic bank
By Bernardo Vizcaino / Reuters DUBAI: Gulf institutions plan to spur development of the Islamic finance industry by setting up a bank that would boost liquidity in Sharia-compliant markets. But the mandate of the bank is so wide that it may struggle to have an impact early on. The Islamic Development Bank (IDB), a Jeddah-based multilateral …
Global Islamic finance assets hit $1.3 trillion, says study
By Anjuli Davies /Reuters LONDON: Islamic financial assets around the world hit $1.3 trillion in 2011, a 150 percent increase over five years as the industry expands into new countries beyond core markets in the Middle East and Malaysia, a report on Thursday estimated. Developed markets in Malaysia, Iran and the Gulf remain fertile ground for …