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After downturn, Islamic finance eyes profits, fintech: survey

02 May, 2018      337

(Reuters) - Islamic banks and insurers are focusing on profitability and new financial products as the industry shifts away from years of containing the adverse impact of low oil prices,...

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Islamic finance body IFSB to develop financial inclusion guidance

02 May, 2018      288

(Reuters) - The Malaysia-based Islamic Financial Services Board (IFSB) said on Wednesday it will develop a technical note on financial inclusion, aiming to widen the reach of sharia-compliant banking to...

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Less than a month left before the anniversary summit "Russia – Islamic world: KazanSummit»

27 April, 2018      380

On May 10-12, 2018 the International Economic Summit "Russia - Islamic World: KazanSummit" will be held in Kazan. Anually KazanSummit has been gathering representatives of international organizations, public authorities, financial...

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'Trust in Islamic banking rising fast'

24 April, 2018      250

Customers' trust in Islamic banking will increase exponentially once the sector's assets reach $3.3 trillion by 2021 as predicted, Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman...

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Islamic banks set to see improvement in financial health, S&P says

24 April, 2018      186

Islamic banks in the GCC should see an improvement in their financial health by the middle of the year and asset growth is on track to rise in low single-digits...

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Islamic banks eye green finance but adoption limited: report

23 April, 2018      238

(Reuters) - Islamic banks are keen to develop sustainable practices into their businesses, but a lack of clarity on implementation means adoption of green finance remains limited, according to a...

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FinTech Hive programme now includes Islamic finance

23 April, 2018      317

FinTech Hive at DIFC has announced that its upcoming programme will expand its themes to include insurance, Islamic finance, and regulatory technology services. The 2018 edition will build on the...

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Afghanistan approves first full-fledged Islamic bank

23 April, 2018      342

(Reuters) - Afghanistan’s central bank has granted a license to the Islamic Bank of Afghanistan (IBA), the first lender in the country to apply the interest-free principles of Islamic finance...

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Green developments in Islamic finance

19 April, 2018      259

The global increase in environmental awareness has led to a marked rise in the appetite for green bonds and this an opportunity for green Sukuk issuances says Dominic Coyne, Manager—Fund...

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FinTech could boost growth of global Islamic finance, S&P says

17 April, 2018      273

The Islamic finance industry, which is set for a relatively slower growth over the next two years, could tap new opportunities by turning to financial technology, or FinTech, said S&P Global Ratings...

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