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With IMF nod, industry body IFSB to tighten Islamic finance guidance

29 May, 2018      288

(Reuters) - The Islamic Financial Services Board (IFSB) will expand its guidance for national regulators after the International Monetary Fund (IMF) adopted its standard for Islamic banking, hastening efforts to...

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How IMF plans to regulate and supervise Islamic banks in Nigeria and other countries

28 May, 2018      319

The International Monetary Fund (IMF) Executive Board has endorsed a proposal on the use of the core principles for Islamic Finance Regulation (CPIFR), which were developed by the Islamic Financial...

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IMF to add Islamic finance to market surveillance in 2019

25 May, 2018      368

(Reuters) - The International Monetary Fund will incorporate Islamic finance into its financial sector assessments of select countries starting next year, aiming to improve regulation in the growing sector. The...

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Trust in Islamic banking rising fast

25 May, 2018      324

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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Press Release: IMF Executive Board Adopts Decisions to Formally Recognize the Core Principles for Islamic Finance Regulation (CPIFR) for Banking

24 May, 2018      257

The Executive Board of the International Monetary Fund (IMF) today endorsed a proposal on the use of the Core Principles for Islamic Finance Regulation (CPIFR), which were developed by the...

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Muslims demand Islamic banking

24 May, 2018      329

Islamic banking principles prohibit interest paid on all loans of money and investment in businesses that provide goods or services considered contrary to Islamic principles. KAMAPALA - Members of the...

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Uzbekistan set to develop Islamic banking system

22 May, 2018      315

By Arno Maierbrugger/Gulf Times Correspondent /Bangkok   Uzbekistan is joining the rising number of Central Asian nations to develop a Shariah-compliant banking system given its large Muslim population and rising...

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Jordan Islamic Bank leading the way in sustainable finance

21 May, 2018      283

Some banks have been meeting high standards for many years. Established in 1978, Jordan Islamic Bank (JIB) is recognised to be a pioneer, both locally and globally, as a financial...

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Jordan Islamic Bank leading the way in sustainable finance

21 May, 2018      157

Some banks have been meeting high standards for many years. Established in 1978, Jordan Islamic Bank (JIB) is recognised to be a pioneer, both locally and globally, as a financial...

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University highlights importance of Islamic Finance education

19 May, 2018      301

WITH the rising importance of Islamic Finance in the global financial services industry, the University of Reading Malaysia is positioning itself to be a leader in the delivery of higher...

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