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Abu Dhabi Islamic Bank sets initial price guidance for perpetual sukuk

12 September, 2018      246

DUBAI, Sept 12 (Reuters) - Abu Dhabi Islamic Bank, the largest sharia-compliant lender in Abu Dhabi, has given an initial price guidance in the region of 7.5 percent for a...

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While scholars debate, digital innovations enter Islamic finance stage

12 September, 2018      284

The rise of Islamic finance startups in recent times is increasingly opening the industry up to innovations, while scholars keep discussing the phenomenon with regards to Shariah compatibility.  On the...

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Islamic Bank approves US$20m for Guyana power supply upgrade

09 September, 2018      285

GEORGETOWN, Guyana — Unreliable power supply woes in Guyana may soon be a thing of the past after the approval by the Islamic Development Bank (IsDB) of a loan of...

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Islamic Finance: Using blockchain to improve transparency of zakat process

06 September, 2018      998

The collection of zakat has been institutionalised in many Muslim countries. The promotion, collection and distribution of zakat are undertaken by the respective religious authorities according to shariah requirements. However,...

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Islamic Finance: Is cryptocurrency halal?

06 September, 2018      806

There has been much debate on the use of cryptocurrencies such as bitcoin and ethereum as a legitimate form of currency and investment in Islam. Shariah law emphasises real economic...

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Deposit insurance for Islamic finance set to get clear framework

04 September, 2018      241

The currently fragmented system of deposit insurance for accounts and other assets held at Islamic banks is now set to get clearly defined standards and guidelines to which the Islamic...

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World’s first ESG sukuk fund another step forward for Malaysia’s responsible finance

19 August, 2018      729

Malaysia’s Shariah-compliant BIMB Investment Management launched the world’s first environmental, social and governance (ESG) sukuk fund on August 1. Reflecting a growing responsible finance sector in Malaysia, the company’s CEO told...

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ADIB’s Shareholders approve ADIB’s capital proposal to support growth

19 August, 2018      366

Abu Dhabi, August 19, 2018: Shareholders of Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, have approved proposal for a rights issue of AED 1 billion, as recommended by...

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Foreign Islamic banks may soon be able to set up shop in the Philippines

16 August, 2018      361

A bill seeking to organise such lenders has passed committee level. Islamic banking is gaining momentum in the Philippines after a bill seeking to organise and regulate Islamic banks has made it...

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Gulf states raise over $30bln of bonds in H1 2018

16 August, 2018      273

The six governments of the Gulf Cooperation Council (GCC) are likely to lean more heavily on debt capital markets this year than last, according to a new report by Fisch Asset...

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