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Islamic finance for social good

24 January, 2019      86

The term 'Islamic Social Finance' refers to modes of finance that are rooted in Islamic ethics and intended for social benefit. These include Zakat (almsgiving), Waqf (endowments), Sadaqa (charity) as...

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Al Mustashar Islamic Bank goes live with ICSFS core banking system

23 January, 2019      20

CS Financial Systems (ICSFS) said that Al Mustashar Islamic Bank has gone live with core banking software suite ICS BANKS ISLAMIC for its newly instated business in Iraq. Last year, the lender had...

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UAE's biggest Islamic bank lists $750m sukuk on Nasdaq Dubai

22 January, 2019      23

Nasdaq Dubai on Tuesday welcomed the listing of a $750 million sukuk by Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE. It is Nasdaq Dubai’s first sukuk...

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Islamic Development Bank provides $40 million loan for Kazakh businesses

18 January, 2019      51

ASTANA – The Islamic Development Bank (IsDB) has provided a $40 million loan to Kazakhstan’s Damu Entrepreneurship Development Fund, said fund Deputy Chairperson Daulet Abilkairov at the Central Communications Services...

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Fitch affirms FAB Sukuk programme at 'AA-'/'F1+'

18 January, 2019      41

Fitch Ratings has affirmed FAB Sukuk Company Limited's Sukuk Trust Certificates Programme at 'AA-'/'F1+'. FAB Sukuk is the special purpose Sukuk issuing vehicle of First Abu Dhabi Bank (FAB; AA-/Stable/F1+)....

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Seminar focusses on Islamic Finance industry

17 January, 2019      73

CENTRE for Islamic Banking, Finance and Management (CIBFM) in collaboration with BNP Paribas Securities Services organised a seminar themed ‘Staying Ahead in A Changing World’ at The Empire Hotel &...

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Philippines seeks Islamic funding to develop halal industry in Mindanao

16 January, 2019      52

The Philippines is pushing ahead with more development plans for the Muslim-minority south of the archipelago, namely the Mindanao region, which is in need for a variety of economic impulses. ...

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MEDIA RELEASE: SC to Regulate Offering and Trading of Digital Assets

14 January, 2019      49

Kuala Lumpur - Following the statement by the Minister of Finance YB Tuan Lim Guan Eng on the coming into force of the Capital Markets and Services (Prescription of Securities)...

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BNM tells SMEs to look past misconception into Islamic financing facilities

14 January, 2019      32

KUALA LUMPUR (Jan 14): More than half of the country's small and medium enterprises (SMEs) are not fully aware of the availability of Islamic business financing facilities, due mainly to...

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VBI to be among drivers for Islamic finance, says Bank Negara

14 January, 2019      48

KUALA LUMPUR: Value-based intermediation (VBI), which focuses on creating value and impact, is  set to be one of the drivers for Islamic financial institutions, Bank Negara Malaysia Assistant Governor Adnan...

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