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Islamic finance industry assets surpass $2tn-mark

12 June, 2018      152

The new Islamic Financial Services Industry Stability Report 2018 released by the Islamic Financial Services Board (IFSB) in Kuala Lumpur on June 8 confirms earlier forecasts that the global Islamic...

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Dubai Islamic Bank sees huge demand for capital raising plan

11 June, 2018      155

Dubai Islamic Bank, the largest Islamic bank in the UAE, has announced a successful closing to its capital raising programme. The issuance of 1.6 billion additional shares at price of...

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Islamic Bank of Afghanistan signs MoU with DMCC

10 June, 2018      124

The collaboration will enable the Islamic Bank of Afghanistan to carry out Shari'ah-compliant Murabahah transactions using Dubai Multi Commodities Centre’s (DMCC) platform to take multi-currency trades from across the globe....

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DMCC powers Islamic Bank of Afghanistan with Sharia-compliant Murabaha transaction capability

09 June, 2018      134

Dubai: DMCC has welcomed the Islamic Bank of Afghanistan as the newest member of its DMCC Tradeflow platform, a dedicated online platform for registering possession and ownership of commodities stored...

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Press Release: The IFSB Launches the Sixth Edition of its Flagship Islamic Financial Services Industry Stability Report 2018

08 June, 2018      310

Kuala Lumpur - The Islamic Financial Services Board (IFSB) has released today the sixth edition of its annual Islamic Financial Services Industry Stability Report. The 2018 Report highlights key developments...

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IRTI to support Guyana in promoting Islamic finance

06 June, 2018      142

JEDDAH – The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group will continue to provide support towards promoting awareness on Islamic finance in Guyana. Director...

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Alizz Islamic Bank promotes Omanis

05 June, 2018      98

Muscat: Reaffirming its position of developing local talent in the banking sector, Alizz Islamic Bank’s human resources division has announced the promotion of several of its employees to senior management...

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Islamic finance can fund infrastructure shortfall

05 June, 2018      136

The boss of an Islamically compliant superannuation fund has hit out at lack of infrastructure investment as "intergenerational theft", calling on the federal government to tap the growing market for...

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Game-changer for global Islamic finance

05 June, 2018      158

AS a contemporary movement, the global Islamic finance industry is merely 43 years old. After four decades it continues to grow and evolve in size and complexity, with assets under...

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UAE research center to help promote Islamic finance in Azerbaijan

02 June, 2018      93

The AlHuda Center of Islamic Banking and Economics will help Azerbaijan improve literacy in Islamic financial services and promote other services, the Center told Trend. The Al Huda Center has...

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