News & Update

Submit Press Release

Put in place policies to support Islamic Banking - IUIU lecturer

18 June, 2018      369

By ISMAIL MUSA LADU Kampala. Government must ensure that it puts in place policies and regulations to support Islamic Banking, according to a finance and banking lecturer at Islamic University...

more +


FCI implements framework for Islamic factoring

18 June, 2018      318

FCI, the global representative of the factoring and receivables finance industry, has amended its ruleset to support sharia-compliant factoring. It has done so to “ensure that this important and growing...

more +


Islamic finance industry grows 6% to be worth $2.4trn

14 June, 2018      320

The global Islamic finance industry grew to be worth more than $2.4 trillion by the end of 2017, according to a new report. The Global Islamic Finance Report (GIFR) 2018,...

more +


Islamic finance industry grows 6% to be worth $2.4trn

14 June, 2018      212

Global Islamic Finance Report 2018 says sector registers fifth consecutive year that growth rate has been on the decline. The global Islamic finance industry grew to be worth more than...

more +


Growing Islamic finance firms lobby Britain for tax relief

14 June, 2018      287

LONDON: Firms involved in Islamic finance are lobbying the British government for tax reforms, arguing that the treatment of some sharia-compliant structures is hindering their growth. Britain has actively pursued...

more +


VEB bolsters Islamic finance efforts with Abu Dhabi office

13 June, 2018      296

Russia’s Vnesheconombank (VEB) is strengthening its focus on Islamic finance and work in the Middle East with the opening of a representative office in Abu Dhabi. In a statement, VEB...

more +


Islamic Finance: Using blockchain to solve wakaf challenges

13 June, 2018      1914

Wakaf — the Arabic word for an endowment to a charitable cause — contributed significantly to the global socioeconomic landscape in the past, especially in eradicating poverty. However, in modern...

more +


Islamic finance industry assets surpass $2tn-mark

12 June, 2018      382

The new Islamic Financial Services Industry Stability Report 2018 released by the Islamic Financial Services Board (IFSB) in Kuala Lumpur on June 8 confirms earlier forecasts that the global Islamic...

more +


Dubai Islamic Bank sees huge demand for capital raising plan

11 June, 2018      295

Dubai Islamic Bank, the largest Islamic bank in the UAE, has announced a successful closing to its capital raising programme. The issuance of 1.6 billion additional shares at price of...

more +


Dubai Islamic Bank sees huge demand for capital raising plan

11 June, 2018      155

Dubai Islamic Bank, the largest Islamic bank in the UAE, has announced a successful closing to its capital raising programme. The issuance of 1.6 billion additional shares at price of...

more +