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Third China-UAE conference on Islamic Banking & Finance concludes successfully amid international acclaim

12 November, 2018      237

UAE – The third China-UAE conference on Islamic Banking and Finance (CUCIBF III) concluded recently, with the participation of leading economic experts, bankers, decision and policy makers, investors and Islamic...

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SBP plans deposit protection body for Islamic banks

09 November, 2018      253

Karachi The central bank recently unveiled a framework to protect depositors of Islamic banks in case of a financial institution’s bankruptcy, promising a protection to shariah-compliant banking deposits that hold...

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Macroeconomic developments seen to benefit Takaful Malaysia

09 November, 2018      253

Maintain outperform with an unchanged target price of RM 4.85: We came away from a recent meeting with the management feeling reassured of Syarikat Takaful Malaysia Keluarga Bhd’s medium-term prospects. Although...

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BIMB raised RM300m via sukuk to enhance Bank Islam's capital adequacy

08 November, 2018      240

KUALA LUMPUR (Nov 7): BIMB Holdings Bhd said it has issued the first tranche of its Sukuk Murabahah programme to raise RM300 million. In a statement to Bursa Malaysia today,...

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The gaps within the growth of Islamic Banking and Finance

07 November, 2018      539

The modern variant of Islamic banking and finance as we now know, has been around for more than three decades, closing in on 40 years. There is no doubting that...

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Hesitant policies are seen holding back Islamic finance growth in Egypt

07 November, 2018      211

The decision of Egypt’s newly appointed Finance Minister Mohamed Maait to issue the first-ever international sukuk in the country’s next fiscal year – at a so far unspecified volume, but...

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With zakat, Muslims have the power to change the world

06 November, 2018      285

Today, UNHCR, the United Nations Refugee Agency, faces an unprecedented challenge. At a time when the world is struggling with refugee crises on an unprecedented scale, the agency, which for...

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Nasdaq Dubai looks to expand Islamic finance platform

06 November, 2018      237

Nasdaq Dubai is planning to further expand the user base of its Islamic finance offering after exceeding $100 billion mark in transactions dealt on the Murabaha platform. “Customers of Sharia-compliant and...

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Study investigates banking 'code breakers'

02 November, 2018      213

Islamic banks face new competition such as the introduction of risky derivatives into their markets. An ‘identity buffer’ makes them more likely to diverge from traditional Islamic codes, says a...

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Tenaga issues US$750m sukuk, Ahmad Badri joins its board

02 November, 2018      248

KUALA LUMPUR (Nov 1): Tenaga Nasional Bhd (TNB), via its wholly-owned subsidiary TNB Global Ventures Capital Bhd, has issued Islamic bonds (sukuk) worth US$750 million (RM3.13 billion) under its US$2.5...

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