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Islamic finance must for economic development

15 February, 2019      291

With the current free-market economic model just a new form of the classic capitalistic model, the head of the chief Islamic advisory body of the country has called for exploiting...

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Indonesia Islamic bank sees sector taking off on halal

13 February, 2019      418

With demand for financial products conforming to Islamic principles soaring, Shariah banking in Indonesia is poised for a phase of rapid growth, according to the nation’s largest Islamic bank. Shariah...

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Mindanao solons urged to push Islamic banking framework

12 February, 2019      231

DAVAO CITY – Mindanao lawmakers must pursue the proposed framework on Islamic banking in the Philippines for the development of the Bangsamoro territory, a top executive of the state-owned Development Bank...

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StanChart mulling possible sale of Islamic banking unit?

09 February, 2019      193

KUALA LUMPUR: Standard Chartered Plc is considering options for its Islamic banking unit in Malaysia, including a potential sale, people with knowledge of the matter said. The London-based lender has...

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Malaysia a global leader in Islamic banking

08 February, 2019      287

MALAYSIA’S pioneering role in the development of Islamic banking and finance has gained worldwide recognition. The public’s demand to have an Islamic commercial bank offering Islamic banking products and services...

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ADIB opens two new technology-enhanced ADIB Express branches

04 February, 2019      199

Abu Dhabi Islamic Bank (ADIB) has expanded its network of ADIB Express branches, opening two new locations in the UAE. Situated at the Emaar Business Park in Dubai and Al Wahda Mall in...

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Inside Malaysia’s fast-growing halal beauty market

04 February, 2019      594

KUALA LUMPUR: The word halal is most commonly associated with food and drink. But in Malaysia demand for halal-certified products across all sectors — including personal care — is growing. The...

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MEDIA RELEASE: SC Introduces Framework to Facilitate Trading of Digital Assets in Malaysia

31 January, 2019      259

Kuala Lumpur, 31 January 2019 The Securities Commission Malaysia (SC) today amended its Guidelines on Recognized Markets to introduce new requirements for electronic platforms that facilitate the trading of digital...

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Islamic trade finance gets crucial industry standard

31 January, 2019      422

The Bankers Association for Finance and Trade (Baft) and International Islamic Financial Market (IIFM) have released a global industry standard document for buying and selling Islamic trade-related risk. The jointly-created...

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Islamic banking software a rapidly growing market

30 January, 2019      269

The global market for core Islamic banking software solutions for banks – notably, not including products from fintech startups – is a rapidly growing segment seen increasing by around 13%...

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