Philippines plans to allow banks to set up Islamic banking units

Bangko Sentral ng Pilipinas is leaning toward allowing local lenders to set up Islamic banking subsidiaries, as it steps up efforts to promote...

Islamic banking share grows in Oman

By Kabeer Yousuf, Oman Observer The share of Islamic banking to Omans economy accounted for 13.4 per cent of the total banking share in Oman...

CBUAE seeks expert comments on crowdfunding draft regulation

The central bank said that the objective of introducing this regulation is to put in place a framework for licensing, regulating and monitoring loan-based...

Middle East green bond demand to grow; investors plan shifts in...

REUTERS/Stringer By Seban Scaria, ZAWYA Environmental and social issues are 'very important' for bond issuers and investors worldwide. Middle Eastern issuers are expecting to change their...

Press Release: First full fledged Islamic Bank in Tajikistan

Kuala Lumpur, September 20, 2019 – The first full-fledged Islamic bank in Tajikistan, OJSC Tawhidbank, was established and licensed under the National Bank of Tajikistan (NBT) in...

How Islamic bank injected $1.12bn in Nigeria since 2005 – Regional...

The Islamic Development Bank (IsDB) has approved $1.12 billion dollars for development projects across Nigeria since 2005 to address various infrastructural challenges faced by the...

The Central Bank of Nigeria approves operation of another Islamic bank

The Central Bank of Nigeria has approved the operation of another Islamic bank, TAJ. This was contained in an approval letter issued by the CBN...

The Evolution of the Use of Ijarah in Islamic Banks

The Rise of Ijarah In a business world marked by economic uncertainties and rising costs of operations, leasing is widely regarded as the easiest, safest,...

A Way out of Debt Reliance: Accepting Risk in our Financial...

Rise in income inequality, worsening economic outlook for the younger generations, swelling public debt burden for everyone, these seem to be among the major...

The Amazing Arab Scholar Who Beat Adam Smith by Half a...

Neoclassical economists created a false narrative of the history of economics. By Dániel Oláh In one of the most seminal works in the field of history of...

Bahrain’s GFH acquires $100mln property portfolio in US

Total real estate transactions volume executed by GFH in the U.S. and U.K. over the last few years has crossed $1 billion mark. Bahrain-based investment...

DP World markets new dollar sukuk, taps existing bond

DUBAI, July 11 (Reuters) - Port operator DP World started marketing 10-year U.S. dollar-denominated sukuk, or Islamic bonds, with an initial price guidance of...

Morocco approves law on sharia-compliant insurance

RABAT, July 10 (Reuters) - The upper house of Morocco’s parliament on Tuesday approved a law governing Sharia-compliant insurance, known as Takaful, which professionals...

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...

Learn about sukuk: Sukuk Types & Structures

In this module, we will take a look at some of the main structures used in the market for Sukuk issuance, and see how...

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...

Abu Dhabi Islamic Bank finances Saudi property acquisition in Manchester

Abu Dhabi Islamic Bank (ADIB) said on Tuesday it provided financing to Saudi Arabia’s Cedar Tree Investments to buy a 280 million dirhams ($76.24...

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...

Russia’s Sberbank to Acquire Stake in Islamic Charity Platform PayZakat

Russia's largest bank, state-controlled Sberbank, will acquire 25 percent of the PayZakat platform that collects charity for Muslims in need. Zakat is a form of...