News & Update

Find ways to boost cross border transaction of Islamic Finance services, says BNM governor

05 September, 2017

KUALA LUMPUR: Scholars and researchers need to think through what it takes to internationalise Islamic finance and formulate ways to enhance cross-border transactions of its services, says Bank Negara Malaysia...

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Unlocking Opportunities through Islamic Finance

30 August, 2017

Islamic finance development has become a centrepiece in many countries in the African region. A number of market development and regulatory efforts have taken place in the region in recent...

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Takaful remains challenged sector within Islamic finance industry

29 August, 2017

While Islamic banking and investments are on a solid path to form competitive ecosystems within the global finance industry, that cannot be said for Islamic insurance, or takaful, which is...

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Islamic banking discourages financial speculation — Expert

28 August, 2017

ISLAMIC Banking has the capacity to discourage financial speculation, enhance job creation and boost economic development. Managing Director/Chief Executive, Islamic Banking and Finance Institute of Nigeria (IBFIN), Sani Aminu, stated...

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Ghana: Islamic Finance Gaining Momentum

28 August, 2017

The Islamic world is increasingly seeing Ghana and other African countries as a destination for foreign investment, both on the institutional and corporate fronts. One sign of such interest was...

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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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