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Dubai Investments unit said to hire HSBC, Citigroup for sukuk

18 December, 2018      233

Dubai Investments’ property unit hired HSBC Holdings and Citigroup to sell Islamic bonds early next year as it seeks to refinance an existing sukuk, according to people with knowledge of...

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IIFM standardisation initiatives to support Islamic business activities

18 December, 2018      233

THE 39th meeting of the Board of Directors of the International Islamic Financial Market (IIFM) convened in Bahrain recently. It was attended by representatives from its founding and permanent members...

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Standardisation critical for Islamic finance’s success

17 December, 2018      214

MANAMA: Bahrain regulators have called for Islamic finance practitioners to push for standardisation in the industry to ensure further growth across the globe. Central Bank of Bahrain (CBB) executive director...

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Selangor Zakat Board allocates RM10m for education aid

17 December, 2018      239

SHAH ALAM, Dec 16 — The Selangor Tithes Board (LZS) has allocated RM10.1 million for the schooling and tertiary education aid of children of middle-income households next year. LZS chief...

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SBP asks Islamic banks to help execute housing plan

14 December, 2018      209

KARACHI: The State Bank of Pakistan (SBP) has suggested to the growing Islamic banking industry to partner with the Pakistan Tehreek-e-Insaf (PTI) government in executing its plan of constructing five million...

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Historic Sukuk by an SA bank as Islamic finance makes sizeable gains

14 December, 2018      256

CAPE TOWN – Durban-based Al Baraka Bank has become the first South African financial institution to issue a Tier 2 Capital Sukuk, a Shariah-compliant investment and attractive alternative to conventional...

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Pakistan has better regulatory framework for Islamic Banking

13 December, 2018      403

The Islamic Banking Industry of Pakistan in collaboration with Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and contribution of Mufti Muhammad Taqi Usmani, launched Urdu version of the...

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The slow re-awakening of Islamic finance in Somalia

12 December, 2018      357

Somalia, the troubled land at the Horn of Africa with one of the most homogeneous Muslim populations in the world, is believed to benefit from the strong footprint Islamic finance...

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CBO becomes full member of Islamic Financial Services Board

11 December, 2018      281

Muscat: The Central Bank of Oman (CBO) has confirmed that it has become a full member of the Islamic Financial Services Board (IFSB), an international organisation that promotes sound Islamic banking...

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CISI promotes Islamic finance qualification

11 December, 2018      200

The Chartered Institute for Securities & Investment (CISI) and the Association of Chartered Certified Accountants (ACCA) have joined forces with a tri-lingual Islamic finance qualification. The global professional bodies, which...

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