News & Update
Submit Press ReleaseDubai Investments unit said to hire HSBC, Citigroup for sukuk
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...
IIFM standardisation initiatives to support Islamic business activities
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...
Standardisation critical for Islamic finance’s success
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...
Selangor Zakat Board allocates RM10m for education aid
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...
SBP asks Islamic banks to help execute housing plan
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...
Historic Sukuk by an SA bank as Islamic finance makes sizeable gains
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...
Pakistan has better regulatory framework for Islamic Banking
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...
The slow re-awakening of Islamic finance in Somalia
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...
CBO becomes full member of Islamic Financial Services Board
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...
CISI promotes Islamic finance qualification
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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