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Bank Muamalat manages more than RM20m in waqf fund

25 October, 2018      26

KUALA LUMPUR: Bank Muamalat Malaysia Bhd has managed more than RM20 million of waqf fund to-date under its MyWakaf initiative launched last year. Chief Executive Officer Datuk Mohd Redza Shah...

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Oman sells $1.5 billion sukuk as Khashoggi crisis raises funding costs

25 October, 2018      48

DUBAI, Oct 24 (Reuters) - Oman sold $1.5 billion in sukuk, or Islamic bonds, on Wednesday but the generous investor returns it had to offer showed that the crisis over...

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Islamic finance’s growing impetus in Africa

25 October, 2018      62

Moody’s has identified 18 African countries that have the greatest potential for growth in sukuk issuance and Islamic banking. Over the last five years, Islamic finance has seen massive expansion...

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ISLAMIC INVESTMENT PLATFORM BAGS £6M FOR EXPANSION

25 October, 2018      53

Halal FinTech platform Wahed Invest eyes global expansion after funding takes company valuation to over £75m. Wahed Invest, an online investment platform compliant with Islamic law, has raised an additional £6...

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Singapore is giving it another try to embrace Islamic finance growth

24 October, 2018      27

The Southeast Asian financial hub of Singapore, where Islamic finance so far had a comparatively weak standing, is now seeking to play its cards with the launch of a new...

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Islamic Finance Standard-Setting Bodies IFSB and AAOIFI Join Forces to Strengthen the Development and Resilience of the Islamic Financial Services Industry

23 October, 2018      38

23 October 2018, Manama, Kingdom of Bahrain; Kuala Lumpur, Malaysia – The Islamic Financial Services Board (IFSB), represented by Dr. Bello Lawal Danbatta, Secretary-General, and the Accounting and Auditing Organization...

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National Bank of Bahrain weighs buying Bahrain Islamic Bank's issued shares

23 October, 2018      55

The National Bank of Bahrain, a majority government-owned lender, is considering making a voluntary offer for issued shares of Bahrain Islamic Bank, a tie-up that could create a lender with...

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IRTI, Bank Indonesia, Indonesia Waqf Board jointly launch principles of managing Islamic endowments

23 October, 2018      55

Islamic endowments are a significant component of Islamic social finance, which has attracted attention of development partners as a tool for harnessing resources to address poverty, promote economic inclusion, and...

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UAE Eager to Become World's Largest Islamic Fintech Hub

22 October, 2018      45

The UAE is the fourth-largest hub globally for Islamic fintech with a total of 12 startups operating in this space. But the country's keen focus on startups and technologies will...

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Bahrain Fintech Bay launches Islamic finance centre

22 October, 2018      61

MANAMA - Bahrain FinTech Bay (BFB) has launched the Global Islamic & Sustainable FinTech Center (GISFC) with local, regional and international members aiming to bolster the use of fintech to...

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