News & Update
Submit Press ReleaseBahrain tightens Islamic finance rules with mandatory external audit
DUBAI, Sept 10 (Reuters) - Bahrain is tightening its rules for Islamic banks by requiring all of them to undergo independent, external audits to certify they are following Muslim laws...
CIBAFI Members’ Strategic Session took place in Kuala Lumpur, Malaysia
8th September 2017, Kuala Lumpur, Malaysia; Manama, Kingdom of Bahrain | General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions has organized its...
Islamic banks to develop waqf fund
KUALA LUMPUR: Six Malaysian Islamic banks have entered a collaboration to develop a waqf fund revolving around economic empowerment, education, health and investment, in an effort to develop the Muslim...
ISRA Global Scholarship Hi-Tea Gathering with BNM Governor
Kuala Lumpur - 5 Oct 2017 - The International Shariah Research Academy for Islamic FInance (ISRA) had a special gathering for the ISRA Shariah Scholarship recipients from 2008 to 2017...
COULD BREXIT BE A BOON FOR THE GROWTH OF ISLAMIC FINANCE?
Islamic finance is a centuries-old practice designed to enable Muslims to invest and transact business while remaining in accord with their religious beliefs. The Muslim world has long raised capital...
Rise of Islamic finance meets human capital gap
The growing popularity of Islamic banking and finance and its increasing global outreach has led to a considerable undersupply of talent in the sector, both in the Middle East and...
Find ways to boost cross border transaction of Islamic Finance services, says BNM governor
KUALA LUMPUR: Scholars and researchers need to think through what it takes to internationalise Islamic finance and formulate ways to enhance cross-border transactions of its services, says Bank Negara Malaysia...
Unlocking Opportunities through Islamic Finance
Islamic finance development has become a centrepiece in many countries in the African region. A number of market development and regulatory efforts have taken place in the region in recent...
Takaful remains challenged sector within Islamic finance industry
While Islamic banking and investments are on a solid path to form competitive ecosystems within the global finance industry, that cannot be said for Islamic insurance, or takaful, which is...
Islamic banking discourages financial speculation — Expert
ISLAMIC Banking has the capacity to discourage financial speculation, enhance job creation and boost economic development. Managing Director/Chief Executive, Islamic Banking and Finance Institute of Nigeria (IBFIN), Sani Aminu, stated...
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