News & Update

AIFC, World Islamic Economic Forum Foundation signed agreement

14 March, 2018      73

ASTANA. KAZINFORM - Astana International Financial Centre (AIFC) and World Islamic Economic Forum (WIEF) Foundation have signed an agreement today whereby the 14th WIEF will be held on 4 July...

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Bank Negara issues alert about Coinzer

13 March, 2018      87

KUALA LUMPUR: Bank Negara Malaysia has issued an alert about the cryptocurrency platform called Coinzer as digital currencies are not legal tender in Malaysia. It said that it does not...

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World Islamic Finance Forum 2018 to kick off from March 19

11 March, 2018      59

Karachi: The second two-day World Islamic Finance Forum (WIFF) 2018 being organized by CEIF-IBA in collaboration with LUMS and INCEIF will start from March 19, 2018 in Karachi. The unique...

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Pakistan can become hub of Islamic finance, say experts

11 March, 2018      27

KARACHI: Pakistan has all the ingredients necessary to become a hub of Islamic finance, financial experts stated after it was revealed that the country would host the World Islamic Finance...

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Selling pressure by foreign institutions and weak domestic buying drag market

09 March, 2018      21

The Qatar Stock Exchange (QSE) lost a sizeable 422 points in its key barometer and QR23bn in capitalisation on an across-the-board selling, especially in the real estate and telecom counters...

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London has potential to lead in Islamic finance: IDB President

08 March, 2018      18

London London has a huge opportunity to lead in Islamic finance and in the Sukuk market, the president of the Islamic Development Bank said. “We have a real opportunity to...

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Toward A Global Islamic Finance Standard

08 March, 2018      22

The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is working to establish standards and norms for Shariah-compliant banking practices worldwide, a first. In the world of Islamic...

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Emirate of Sharjah sells $1 billion sukuk - official

08 March, 2018      19

The government of Sharjah, the third-largest constituent of the United Arab Emirates, has raised $1 billion through a 10-year sukuk, the emirate’s biggest transaction in debt capital markets, a government...

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Islamic bonds face 'uncertain and muted' 2018 amid central bank tightening and geopolitics

07 March, 2018      39

An trader plays with prayer beads as he watches a computer screen displaying financial data at the Dubai Financial Market (DFM) in Dubai, United Arab Emirates. After a strong year...

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IIFM and BAFT to create MRPA for Islamic Trade Finance

07 March, 2018      36

DUBAI, U.A.E. — BAFT (Bankers Association for Finance & Trade), an international financial services association, and IIFM (International Islamic Financial Market), an Islamic financial services standard-setting body, announced a memorandum...

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