News & Update
Submit Press ReleaseAAOIFI’s Shari’ah Board Holds its 29 Meeting & Issues Exposure draft of“Sale of Debt” for Which It Seeks to Invite Islamic Finance Industry Feedback
By Dr. Hamed Merah: The Shari’ah Board of the Accounting and Auditing Organization for Islamic Institutions (AAOIFI)- a body consisting of 20 Shari’ah scholars from 15 countries around the world,...
Islamic finance climbs higher on UNDP agenda
The 72nd session of the UN General Assembly held from September 19 to 25 in New York saw no shortage of tit-for-tats between statesmen, notably the war of words between...
ITS 'ETHIX' Wins Best Islamic Finance Technology Product 2017
International Turnkey Systems Group (ITS), the market leading provider of comprehensive Shariah-compliant financial solutions, was recently awarded the "Best Islamic Finance Technology Product 2017” for its innovative ‘ETHIX’ product range...
Algeria Turns to Islamic Banking to Resolve its Financial Crisis
Algiers– Algeria will introduce Islamic financial services before 2018 as a way to cope with its financial crisis, announced Prime Minister Ahmed Ouyahia on Thursday. The services will be available...
Banking industry may hit tipping point
THE financial market will eventually reach a tipping point where it would have to choose whether to continue duplicating Islamic finance products and services from conventional banking or settle for...
ISRA participates with the coinciding event of the 72nd session of the UN General Assembly co-organized by the IDB and UNDP
Islamic finance, a strong and scalable funding source for global development Sep 20, 2017 Magdy Martínez-Solimán, UN Assistant Secretary General and Director of UNDP’s Bureau for Policy and Programme Support...
Championing Islamic finance
PRIME Minister Datuk Seri Najib Razak’s whistle-stop meeting with his British counterpart Theresa May at 10 Downing Street last Thursday when they vowed to strengthen business, trade and investment ties...
Islamic Banks adopt customer service charter
KUALA LUMPUR: The Association of Islamic Banks Malaysia (AIBIM) has adopted the Customer Service Charter for the Islamic banking fraternity in an effort to solidify the commitment towards improving customer...
Time for Shariah scholars to step up
Shariah scholars involved in Islamic finance should walk the talk by translating their ideas and proposed solutions into concrete actions. The ringing challenge came from Bank Negara Malaysia (BNM) governor...
Islamic finance sector could lose growth momentum next year
The Islamic finance industry will expand this year but lower oil prices and a slower economic growth could force the shariah-compliant financial sector, a key area marked for growth by financial hubs...
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