News & Update
Submit Press ReleaseGame-changer for global Islamic finance
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...
UAE research center to help promote Islamic finance in Azerbaijan
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...
UAE research center to help promote Islamic finance in Azerbaijan
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...
Parliamentary forum on Islamic banking wants regulations amended
Kampala. Former Finance minister Syda Bumba has asked government to amend the Islamic Banking and Finance Regulations to realign them to the sector needs and new innovations. Speaking at a...
Islamic finance should keep an eye on the ‘petro yuan’
China’s recent introduction of yuan-denominated oil futures and the country’s planned move to pay for imported oil in its own currency, yuan, or renminbi, instead of US dollars – replacing...
Islamic banking system, Jaiz, to begins operations in Ondo
Jaiz, an Islamic banking system has finalized arrangements to begin operations in Akure, the Ondo state capital. The Executive Director of the bank, Alhaji Abdul Fatai Amoo disclosed this...
With IMF nod, industry body IFSB to tighten Islamic finance guidance
(Reuters) - The Islamic Financial Services Board (IFSB) will expand its guidance for national regulators after the International Monetary Fund (IMF) adopted its standard for Islamic banking, hastening efforts to...
How IMF plans to regulate and supervise Islamic banks in Nigeria and other countries
The International Monetary Fund (IMF) Executive Board has endorsed a proposal on the use of the core principles for Islamic Finance Regulation (CPIFR), which were developed by the Islamic Financial...
IMF to add Islamic finance to market surveillance in 2019
(Reuters) - The International Monetary Fund will incorporate Islamic finance into its financial sector assessments of select countries starting next year, aiming to improve regulation in the growing sector. The...
Trust in Islamic banking rising fast
Customers’ trust in Islamic banking will increase exponentially once the sector’s assets reach $3.3 trillion by 2021 as predicted, Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman...
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