News & Update
Submit Press ReleaseBank Negara issues alert about Coinzer
KUALA LUMPUR: Bank Negara Malaysia has issued an alert about the cryptocurrency platform called Coinzer as digital currencies are not legal tender in Malaysia. It said that it does not...
World Islamic Finance Forum 2018 to kick off from March 19
Karachi: The second two-day World Islamic Finance Forum (WIFF) 2018 being organized by CEIF-IBA in collaboration with LUMS and INCEIF will start from March 19, 2018 in Karachi. The unique...
Pakistan can become hub of Islamic finance, say experts
KARACHI: Pakistan has all the ingredients necessary to become a hub of Islamic finance, financial experts stated after it was revealed that the country would host the World Islamic Finance...
Selling pressure by foreign institutions and weak domestic buying drag market
The Qatar Stock Exchange (QSE) lost a sizeable 422 points in its key barometer and QR23bn in capitalisation on an across-the-board selling, especially in the real estate and telecom counters...
London has potential to lead in Islamic finance: IDB President
London London has a huge opportunity to lead in Islamic finance and in the Sukuk market, the president of the Islamic Development Bank said. “We have a real opportunity to...
Toward A Global Islamic Finance Standard
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is working to establish standards and norms for Shariah-compliant banking practices worldwide, a first. In the world of Islamic...
Emirate of Sharjah sells $1 billion sukuk - official
The government of Sharjah, the third-largest constituent of the United Arab Emirates, has raised $1 billion through a 10-year sukuk, the emirate’s biggest transaction in debt capital markets, a government...
Islamic bonds face 'uncertain and muted' 2018 amid central bank tightening and geopolitics
An trader plays with prayer beads as he watches a computer screen displaying financial data at the Dubai Financial Market (DFM) in Dubai, United Arab Emirates. After a strong year...
IIFM and BAFT to create MRPA for Islamic Trade Finance
DUBAI, U.A.E. — BAFT (Bankers Association for Finance & Trade), an international financial services association, and IIFM (International Islamic Financial Market), an Islamic financial services standard-setting body, announced a memorandum...
Venture capital in Islamic finance: A crucial concept
Analysts agree on the notion that Islamic venture capital has become an important tool for economic development in developing regions of the world, quite a few of which are Muslim...
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