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Deposit insurance for Islamic finance set to get clear framework

04 September, 2018      95

The currently fragmented system of deposit insurance for accounts and other assets held at Islamic banks is now set to get clearly defined standards and guidelines to which the Islamic...

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World’s first ESG sukuk fund another step forward for Malaysia’s responsible finance

19 August, 2018      535

Malaysia’s Shariah-compliant BIMB Investment Management launched the world’s first environmental, social and governance (ESG) sukuk fund on August 1. Reflecting a growing responsible finance sector in Malaysia, the company’s CEO told...

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ADIB’s Shareholders approve ADIB’s capital proposal to support growth

19 August, 2018      191

Abu Dhabi, August 19, 2018: Shareholders of Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, have approved proposal for a rights issue of AED 1 billion, as recommended by...

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Foreign Islamic banks may soon be able to set up shop in the Philippines

16 August, 2018      217

A bill seeking to organise such lenders has passed committee level. Islamic banking is gaining momentum in the Philippines after a bill seeking to organise and regulate Islamic banks has made it...

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Gulf states raise over $30bln of bonds in H1 2018

16 August, 2018      161

The six governments of the Gulf Cooperation Council (GCC) are likely to lean more heavily on debt capital markets this year than last, according to a new report by Fisch Asset...

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AAOIFI adoption set to standardise UAE Islamic finance

16 August, 2018      192

The adoption of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) Shariah standards by the United Arab Emirates' Islamic finance industry is a “landmark” development that will lead to...

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Becoming the best modern Islamic bank

13 August, 2018      217

What have been your key objectives for growth since coming on board last year?  I was provided with the honour of leading Noor a little over 12 months ago, joining...

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1,200 experts to gather for 25th WIBC in Bahrain

13 August, 2018      198

Over 1,200 global Islamic banking and finance leaders, industry powerhouses and policy makers will converge for the upcoming 25th edition of the World Islamic Banking Conference (WIBC) set to take...

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Lack of confidence: Declining value of Turkish lira presents challenges for country's banks

13 August, 2018      186

Turkey’s precarious economic position is putting significant strain on its banking sector, which is facing a negative outlook for the second half of 2018 and early 2019, despite an improvement...

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Energy projects to benefit from new Islamic trade finance fund

08 August, 2018      154

A new sovereign energy trade finance fund – thought to be a world first – is being launched by the International Islamic Trade Finance Corporation (ITFC) and US investment manager...

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