News & Update

'Trust in Islamic banking rising fast'

24 April, 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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Islamic banks set to see improvement in financial health, S&P says

24 April, 2018      4

Islamic banks in the GCC should see an improvement in their financial health by the middle of the year and asset growth is on track to rise in low single-digits...

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FinTech Hive programme now includes Islamic finance

23 April, 2018      8

FinTech Hive at DIFC has announced that its upcoming programme will expand its themes to include insurance, Islamic finance, and regulatory technology services. The 2018 edition will build on the...

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Afghanistan approves first full-fledged Islamic bank

23 April, 2018      5

(Reuters) - Afghanistan’s central bank has granted a license to the Islamic Bank of Afghanistan (IBA), the first lender in the country to apply the interest-free principles of Islamic finance...

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Green developments in Islamic finance

19 April, 2018      16

The global increase in environmental awareness has led to a marked rise in the appetite for green bonds and this an opportunity for green Sukuk issuances says Dominic Coyne, Manager—Fund...

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FinTech could boost growth of global Islamic finance, S&P says

17 April, 2018      9

The Islamic finance industry, which is set for a relatively slower growth over the next two years, could tap new opportunities by turning to financial technology, or FinTech, said S&P Global Ratings...

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Islamic bank to open regional office in Suriname, amidst national macro-economic challenges

12 April, 2018      67

(L-R) Finance Minister and Governor of Guyana to the Islamic Bank, Winston Jordan; Suriname's Alternate Governor to the IsDB, Dr Anwar Lall Mohammed; and Dr Shamir Ally, Guyana's Alternate Governor...

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Cryptocurrency traders use old gold in drive to draw Islamic investors

08 April, 2018      46

DUBAI/SYDNEY (Reuters) - In Dubai’s decades-old Gold Souk, customers from around the world haggle over bangles and necklaces. Elsewhere in the emirate, the region’s top center for gold trade, bullion...

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Matheson advises on landmark Islamic finance transaction

06 April, 2018      22

Matheson has advised on the first issuance and listing of a Sukuk bond that complies with the Sharia financing provisions of Irish tax law. The Sukuk bond, issued by an Irish...

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MALAYSIA’S HALAL INDUSTRY CHAMPIONS RECOGNISED AT THE 2018 HALAL EXCELLENCE AWARDS

04 April, 2018      122

KUALA LUMPUR --- Malaysia’s Halal industry tonight recognised the contributions of eight individuals, institutions and companies as recipients of the 2018 Halal Excellence Awards in appreciation for their outstanding achievements...

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