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Standardisation critical for Islamic finance’s success

17 December, 2018      371

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      369

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      308

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      395

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      531

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      498

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      409

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      310

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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Dubai Islamic Bank Triumphs at Islamic Business and Finance Awards 2018

10 December, 2018      439

Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has once again dominated the Islamic Business and Finance Awards, collecting five major accolades at the prestigious industry event....

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Golden moment for fintech startup

07 December, 2018      429

LESS than two years since the launch of its savings application, Malaysian fintech company HelloGold recorded another milestone when it won Best Islamic Wealth Management Fintech Company at the World...

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