News & Update

Expert Highlights Benefits of Islamic Finance

28 August, 2017

The Managing Director/Chief Executive Officer of the Islamic Banking and Finance Institute of Nigeria (IBFIN), Sani Aminu Dutsinma has said that Islamic banking and finance instruments have the potential to...

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Dana Gas controversy casts shadow on Islamic finance industry

27 August, 2017

UAE firm's bid for debt relief highlights weaknesses of Sharia-based bonds DUBAI -- A recent statement by Dana Gas that its own bonds actually run afoul of Sharia, or Muslim law,...

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Islamic banking grows in Bangladesh, no thanks to the authorities

24 August, 2017

IN MOTIJHEEL, the main business district in Bangladesh’s capital, Dhaka, an iron fence and terrible traffic divide two branches of the country’s oldest private bank—a “conventional” one and an Islamic...

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BNM to measure VBI adoption in Islamic FIs

24 August, 2017

KUALA LUMPUR: Bank Negara Malaysia is in the midst of developing a scorecard with Islamic banking players that will measure the adoption of value-based intermediation (VBI) initiative.   Deputy governor...

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Islamic finance in Africa: A huge untapped market

23 August, 2017

In the recent past, news about various Islamic finance initiatives in Africa made it on the business pages across the world, indicating that the continent is gearing up for a...

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Emirates REIT reports 67 per cent growth in funds from operations in H1 2017

23 August, 2017

Emirates REIT, managed by Equitativa (Dubai) has reported its unaudited first half financial results for the period ended 30 June 2017. “The first half of the year was marked by...

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Indonesia holds Islamic Finance Conference

23 August, 2017

Indonesia is staging its second annual Islamic Finance Conference (IAFC) in Yogyakarta, with the main agenda of using sharia financing to fight poverty and inequality. The two-day event was opened...

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DAFZA issues guide on Dubai: the global gateway to Halal industries

22 August, 2017

The Dubai Airport Freezone Authority (DAFZA) has issued a comprehensive Halal industries guide to contribute to Dubai’s vision of becoming the capital of the Islamic economy for 2017-2021. The guide...

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Applying VAT to Islamic finance products can get complicated

22 August, 2017

Some countries have introduced laws to level the playing field between Islamic and conventional finance when it comes to the relationship between VAT and financial products Taxes are fundamentally involuntary contributions...

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MOU Signing Ceremony between ISRA Consultancy Sdn Bhd (ICSB) and Tawafuq Consultancy Sdn Bhd (TCSB)

21 August, 2017

Salalah Oman - the MoU signing ceremony between ICSB and TCSB was witnessesed by Dr. Hamoud bin Sangour Al Zedjali, Executive President of the Central Bank of Oman (CBO) at the first...

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