News & Update

VAT and Islamic finance: A complicated relation

14 February, 2018      23

Now that two countries in the Gulf Cooperation Council (GCC), Saudi Arabia and the UAE, introduced a value added tax (VAT) regime for the first time ever, and the others...

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Alizz Islamic Bank launches e-wallet

14 February, 2018      57

Through the Alizz Wallet customers can transfer funds from their wallet to other wallets in Oman via a phone number or alias with no need to enter the account number, irrespective of...

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TURKEY ECONOMY Turkish deputy PM praises Islamic bank's initiatives

12 February, 2018      27

Two initiatives by the Islamic Development Bank (IDB) will enable Turkey to have closer dialogue with emerging Islamic countries, Turkey’s deputy prime minister said on Monday, Speaking at an event...

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Blockchain venture aims to modernise Islamic endowments

12 February, 2018      93

[SYDNEY] A new venture aims to use blockchain technology to modernise the management and investments of Islamic charitable endowments, called waqf, that would tap into a vast but underutilised pool...

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UAE leads Arab markets in Islamic fintech

12 February, 2018      45

DUBAI — Analysis conducted by Edmond Christou, Bloomberg Intelligence, states that the UAE follows Malaysia and the United Kingdom in terms of the number of Islamic fintech startups per market....

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GCC aggregate Bonds and Sukuk market up four per cent in 2017

12 February, 2018      47

The report stated that the aggregate primary issuance of bonds and Sukuk by GCC entities, including Central Banks Local Issuances, GCC Sovereign and Corporate Issuances, totalled $174.17 billion in 2017,...

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IFSB-INCEIF Forum to focus on preserving wealth and generating value through Islamic finance

11 February, 2018      64

The Islamic Financial Services Board (IFSB) and INCEIF - The Global University of Islamic Finance have announced the confirmed speakers for the 12th IFSB-INCEIF Executive Forum on Islamic Finance. The...

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Malaysia well poised to take Asean lead in creating a greener future: CBI

07 February, 2018      27

KUALA LUMPUR: Malaysia is well poised in taking the Asean lead in creating a more sustainable and greener future. This, according to the chief executive officer of Climate Bonds Initiative...

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CIMB expects sovereigns to issue green Islamic bonds in 2018

06 February, 2018      40

KUALA LUMPUR: CIMB Group Holdings Bhd image: https://cdn.thestar.com.my/Themes/img/chart.png  expects sovereigns to issue 'green' Islamic bonds for the first time this year, a top executive at Malaysia's second-biggest lender by assets said....

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Time for Islamic finance to move away from replicating debt contracts

05 February, 2018      20

2017 was in many ways a dichotomous year for the global economy. Putting aside the perennial basket cases, the likes of Somalia and Zimbabwe, which continue to straddle the bottom,...

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