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‘Mainstreaming’ of Islamic finance

31 December, 2018      256

When talking about the mainstreaming of Islamic finance, my initial thought about it is words like ‘murabaha’, ‘shariah’, ‘takaful’ and ‘zakat’ would no longer need translation because they have become...

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GMP: Islamic Finance Practice Vital To Sustainable Development Goals – Dr Umar

28 December, 2018      200

An Islamic finance expert and member, Shari’iah Committee of the International Islamic Liquidity Management Corporation, Malaysia, Dr Bashir Aliyu Umar has said that Islamic finance can contribute to the achievement...

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QGIRC honours Acting CFO for earning doctorate in Islamic Finance

27 December, 2018      180

Doha: Qatar General Insurance and Reinsurance Company (QGIRC), one of the leading insurance service providers in the country, held a ceremony honouring the Acting CFO, Deepa Chandrashekar, after receiving a...

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Bank Nizwa Named ‘Strongest Islamic Retail Bank’ in Oman for the Fourth Time

26 December, 2018      141

Bank Nizwa, Oman’s leading Islamic bank was named ‘Strongest Islamic Retail Bank’ in the Sultanate at the Islamic Retail Banking Awards (IRBA) 2018. Organized by the UK-based financial intelligence house,...

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Islamic finance hubs in GCC, Southeast Asia come closer

26 December, 2018      183

The fast growing global Islamic economy, estimated at a current value of $6.4tn, has become a main driver for Islamic finance institutions and other sector players to intensify their globalisation...

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12 Saudi banks to pay 17.9bn riyals to settle Zakat payments

24 December, 2018      405

Twelve listed Saudi banks reached a 17.86 billion riyal (Dh17.5bn) settlement with the kingdom’s tax authority over the payment of religious tax called Zakat. Al Rajhi Bank, Saudi Arabia’s second-largest...

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Interest In Islamic Banking ‘Growing In Afghanistan’

24 December, 2018      139

Officials from Kabul-based banks - which provide Islamic banking services - said the number of their customers who are willing to be provided Islamic banking services is growing and that...

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Qatar partners Malaysia, Turkey to conquer Islamic finance market

23 December, 2018      169

DOHA -- Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market from hubs in the three countries using common...

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Sharjah lists $200m sukuk on Nasdaq Dubai

21 December, 2018      174

Nasdaq Dubai has welcomed the listing of a $200 million dollar sukuk issued by the emirate of Sharjah. It is the emirate’s second sukuk listing on the exchange this year,...

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US$6.4 trillion lures Malaysia's biggest Islamic bank to go global

21 December, 2018      173

Malaysia’s biggest Islamic bank is setting up its first overseas branch to meet the demand for financing in the US$6.4 trillion global halal economy. Maybank Islamic Bhd. expects to get...

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