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Cryptocurrency firm Stellar gets Islamic finance certification

24 July, 2018      59

California-based Stellar has received certification from Islamic scholars for its blockchain platform and related cryptocurrency, aiming to integrate the technology into the field of Shariah-compliant financial products.  The move highlights...

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Uzbekistan to develop Islamic finance in bid to tap foreign markets

23 July, 2018      111

July 23 (Reuters) - Uzbekistan plans to introduce Islamic finance regulations and set up an Islamic finance institution to expand its banking sector and tap foreign markets as part of...

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Higher oil prices are threatening the future of a once-burgeoning financial sector

19 July, 2018      88

Higher oil prices this year have reduced the need for energy-exporters in the Middle East to raise funds through the Islamic bond market — threatening the growth of a niche finance sector...

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IRTI mulls setting up Islamic social finance centre

08 July, 2018      79

JEDDAH - The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group is considering partnering with other institutions to establish a centre of excellence on Islamic...

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PRESS RELEASE: Ethis Ventures Launches Global Sadaqah 1.0 Platform with Pioneer Islamic Banks and Charity Partners

07 July, 2018      401

Malaysia, 7th July 2018 - Ethis Ventures Sdn Bhd has launched the first version of GlobalSadaqah.com, an Islamic Charity Crowdfunding platform, on Saturday 7th July 2018. The platform was launched...

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MEDIA RELEASE: SC Invites Applications for Registration as Equity Crowdfunding and Peer-to-Peer Financing Operators

05 July, 2018      111

Kuala Lumpur, 5 July 2018 SC Invites Applications for Registration as Equity Crowdfunding and Peer-to-Peer Financing Operators The Securities Commission Malaysia (SC) announced today that it is inviting parties interested...

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Banks want 'costly' Islamic banking regulations adjusted

05 July, 2018      53

Banks have petitioned the central bank to review key regulations in Islamic banking to make it less costly for the banks. Patrick Mweheire, the chairman of Uganda Bankers’ Association (UBA)...

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Fintech can boost Islamic finance penetration: Finance Ministry

05 July, 2018      84

Deputy Finance Minister Mardiasmo says the development of sharia financial technology (sharia fintech) has potential to help enhance the share of sharia financial businesses in the country’s financial services. “To accelerate...

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Islamic Research and Training Institute, Bahrain Institute of Banking and Finance to develop HR in Islamic banking

05 July, 2018      90

The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group and Bahrain Institute of Banking and Finance (BIBF) have signed a memorandum of understanding (MoU) to...

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Country’s Islamic banks lack products to hedge risks, say experts

05 July, 2018      72

Country’s Islamic banks lack products despite the fact that the entities control 22 per cent share of the banking business, experts said on Wednesday. They said that the country’s Islamic...

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