News & Update

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

24 April, 2018      22

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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Islamic banks eye green finance but adoption limited: report

23 April, 2018      5

(Reuters) - Islamic banks are keen to develop sustainable practices into their businesses, but a lack of clarity on implementation means adoption of green finance remains limited, according to a...

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FinTech Hive programme now includes Islamic finance

23 April, 2018      32

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      22

(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      25

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      19

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      76

(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      81

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      38

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      156

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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