News & Update

IMF to add Islamic finance to market surveillance in 2019

25 May, 2018      6

(Reuters) - The International Monetary Fund will incorporate Islamic finance into its financial sector assessments of select countries starting next year, aiming to improve regulation in the growing sector. The...

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Trust in Islamic banking rising fast

25 May, 2018      6

Customers’ trust in Islamic banking will increase exponentially once the sector’s assets reach $3.3 trillion by 2021 as predicted, Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman...

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Muslims demand Islamic banking

24 May, 2018      5

Islamic banking principles prohibit interest paid on all loans of money and investment in businesses that provide goods or services considered contrary to Islamic principles. KAMAPALA - Members of the...

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Jordan Islamic Bank leading the way in sustainable finance

21 May, 2018      14

Some banks have been meeting high standards for many years. Established in 1978, Jordan Islamic Bank (JIB) is recognised to be a pioneer, both locally and globally, as a financial...

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University highlights importance of Islamic Finance education

19 May, 2018      2

WITH the rising importance of Islamic Finance in the global financial services industry, the University of Reading Malaysia is positioning itself to be a leader in the delivery of higher...

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Steadily growing Islamic finance sector at dev stage

18 May, 2018      13

Observer Report Islamabad The steadily growing Islamic finance sector is at a development stage at which it is about time to define and address the sector’s main future opportunities to...

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Key future opportunities for Islamic finance in focus

15 May, 2018      13

Farm workers thresh rice during a harvest in Bucheki village, Faisalabad district of Punjab province, Pakistan (file). Regarding agriculture finance, Islamic banks should address the needs of underbanked rural populations...

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Converging Islamic finance with green investment

14 May, 2018      12

Tan Sri Ranjit Ajit Singh and SC deputy chief executive Datuk Zainal Izlan Zainal Abidin (centre) with representatives from The World Bank and IOSCO   KUALA LUMPUR: The Securities Commission...

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Islamic finance body IFSB to develop financial inclusion guidance

02 May, 2018      4

(Reuters) - The Malaysia-based Islamic Financial Services Board (IFSB) said on Wednesday it will develop a technical note on financial inclusion, aiming to widen the reach of sharia-compliant banking to...

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After downturn, Islamic finance eyes profits, fintech: survey

02 May, 2018      61

(Reuters) - Islamic banks and insurers are focusing on profitability and new financial products as the industry shifts away from years of containing the adverse impact of low oil prices,...

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