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Islamic finance volume to hit $2.5 trillion this year

04 January, 2019      303

Islamic finance volume is expected to hit $2.5 trillion this year experts have predicted. This is despite the fact that last year did not prove to be much beneficial for...

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The relevance of Islamic financing to Big 4 agenda

03 January, 2019      210

It is obvious that traditional approaches to development that afford the Government full mandate to determine priorities and manage resource mobilisation and allocation cannot guarantee the desired outcomes.   For...

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Blockchain is making its way into Islamic finance

02 January, 2019      1488

Blockchain technology, an unalterable digital information recording system, is increasingly being discovered as a useful tool by Islamic finance institutions and banks for complex financing contracts and Shariah-compliant transactions, as...

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‘Mainstreaming’ of Islamic finance

31 December, 2018      463

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      360

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      322

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      308

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      340

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      540

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      271

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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