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IMF to add Islamic finance to market surveillance in 2019

25 May, 2018      513

(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      512

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      426

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      504

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      495

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      559

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      298

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      453

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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Steadily growing Islamic finance sector at dev stage

18 May, 2018      474

Observer Report Islamabad The steadily growing Islamic finance sector is at a development stage at which it is about time to define and address the sector’s main future opportunities to...

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Key future opportunities for Islamic finance in focus

15 May, 2018      292

Farm workers thresh rice during a harvest in Bucheki village, Faisalabad district of Punjab province, Pakistan (file). Regarding agriculture finance, Islamic banks should address the needs of underbanked rural populations...

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