Islamic finance industry to growth slowly, says S&P Global Ratings
Key Takeaways
We expect the Islamic finance industry to show only about 5% growth in 2019-2020, owing to tepid economic conditions in certain core...
Financial Technology Initiatives in Malaysia
Financial technology, or widely known as Fintech is a technological innovation applied in the provision of financial services. Fintech innovation has become a global...
South Africa Islamic financial institutions deliver consistent double-digit growth
FNB Islamic Banking has been awarded "Best Islamic Banking Window in South Africa for 2019" at the Global Business Outlook Awards.The awards recognise and...
UAE-based Majid Al Futtaim (MAF)’s Green Sukuk: The world’s first benchmark...
Majid Al Futtaim (MAF) on Wednesday marked the listing of the world's first benchmark corporate Green Sukuk, and the first Green Sukuk issued by...
Islamic banking challenges
The signature of President Duterte is all that remains before Islamic banking is institutionalized in this predominantly Christian country.
The initial effort to engage in...
HSBC Malaysia launches ESG Islamic structured product
KUALA LUMPUR: HSBC in Malaysia launched its first environmental, social and governance (ESG) Islamic structured product in the country.
The landmark ringgit principal protected participation...
Bahrain-based cryptocurrency exchange completes CBB’s Regulatory Sandbox
Rain aims to deliver more value with Shariah-compliant cryptocurrency exchange
Rain, a Bahrain based cryptocurrency exchange, has Tuesday announced its successful graduation of the Central...
AAOIFI held the 12th Accounting Board Meeting
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) held the 12th meeting of its Accounting Board (AAB) recently in Bahrain.
In this meeting,...
Risk Management in Islamic Banks
Present globalization of international trade and financial markets provide opportunities for countries and financial institutions to do cross-border deals, to increase international business and...
Conceptual Approach to Identification of Fault Lines in Conventional Financial System’s...
The concepts, theory, and practice of risk sharing as enshrined in Islamic finance remain a real mechanism for widening the space for participation in...