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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...

S&P report says IFSB proposal on Sharia-compliant lender of last resort...

DUBAI (S&P Global Ratings) May 20, 2019--The IFSB's proposal on Sharia-compliant LOLR facilities could help boost the stability of the Islamic banking industry by...

The IFSB issues Exposure Draft of Guidance

7 May 2019, Kuala Lumpur, Malaysia – The Islamic Financial Services Board (IFSB) has today issued Exposure Draft of Guidance Note-7 on Shariah-Compliant Lender-of-Last-Resort...

The IFSB Issues Working Paper on Consumer Protection in Takaful

Kuala Lumpur, 17 January 2019 – The Islamic Financial Services Board (IFSB) today issued its ninth research in the Working Paper series which examines...

Standardisation critical for Islamic finance’s success

MANAMA: Bahrain regulators have called for Islamic finance practitioners to push for standardisation in the industry to ensure further growth across the globe. Central Bank...

The IFSB Council Adopts Three New Standards for the Islamic Financial...

6 December 2018, Jeddah, Kingdom of Saudi Arabia – The Council of the Islamic Financial Services Board (IFSB) today has resolved to approve the...

Who Makes The Rules For Islamic Finance?

Islamic finance offers products and services that comply with Islamic law (sharia) but who decides what is and is not sharia-compliant and what mechanisms...

Is Islamic Finance New Or Old?

For hundreds of years, there was no need for Islamic finance because there was simply no financial system to “Islamise.” Up until the second...
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