News & Update
Submit Press ReleaseAll set for BOU to issue Islamic banking licenses
Bank of Uganda (BOU) has finalised the Islamic banking regulations following the amendment of the financial institutions act. The new form of banking is expected to lead to increased...
Malta sets up body to coordinate Islamic finance efforts
June 28 (Reuters) - The government of Malta has established a national body to help drive the development of Islamic finance with further plans for legislation to facilitate the sector...
PRESS RELEASE: Setting the Environmental and Social Impact Assessment Framework (ESIAF) for Value-Based Intermediation
1st Taskforce meeting for the development of Environmental and Social Impact Assessment Framework (ESIAF) for Value-based Intermediation Kuala Lumpur, 28 June 2018 — The International Centre for Education in...
Put in place policies to support Islamic Banking - IUIU lecturer
By ISMAIL MUSA LADU Kampala. Government must ensure that it puts in place policies and regulations to support Islamic Banking, according to a finance and banking lecturer at Islamic University...
FCI implements framework for Islamic factoring
FCI, the global representative of the factoring and receivables finance industry, has amended its ruleset to support sharia-compliant factoring. It has done so to “ensure that this important and growing...
Islamic finance industry grows 6% to be worth $2.4trn
The global Islamic finance industry grew to be worth more than $2.4 trillion by the end of 2017, according to a new report. The Global Islamic Finance Report (GIFR) 2018,...
Islamic finance industry grows 6% to be worth $2.4trn
Global Islamic Finance Report 2018 says sector registers fifth consecutive year that growth rate has been on the decline. The global Islamic finance industry grew to be worth more than...
Growing Islamic finance firms lobby Britain for tax relief
LONDON: Firms involved in Islamic finance are lobbying the British government for tax reforms, arguing that the treatment of some sharia-compliant structures is hindering their growth. Britain has actively pursued...
VEB bolsters Islamic finance efforts with Abu Dhabi office
Russia’s Vnesheconombank (VEB) is strengthening its focus on Islamic finance and work in the Middle East with the opening of a representative office in Abu Dhabi. In a statement, VEB...
Islamic Finance: Using blockchain to solve wakaf challenges
Wakaf — the Arabic word for an endowment to a charitable cause — contributed significantly to the global socioeconomic landscape in the past, especially in eradicating poverty. However, in modern...
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