International financial institutions and experts are coming together in Oman to discuss about various issues of Islamic banking, which is adjusted to offer several opportunities in financial services sector as also to the common man. The deliberations …
Despite the existence of Shariah advisory councils, Islamic banks and financial institutions in Malaysia may be failing to carry out their duties. An article in this month’s JSSH investigates transactions on purchasing houses specifically on transact…
Klaus Schwab, executive chairman and founder of the World Economic Forum (WEF), has the strong oppinion that it is time for the Middle East to grasp a more holistic, inclusive and qualitative approach to economic development. He stated that the events …
The State Bank of Pakistan (SBP) has created a model product based on „Salam“ to meet the production finance (working capital) needs of the country’s farming community. The model product will simplify Islamic Banking Institutions (IBIs) in developing t…
Luc Frieden, Luxembourg’s Minister of Finance, has underlined the fact that given that financial institutions under Europe have remained stable against the backdrop of the eurozone debt crisis, it can learn and win from Islamic finance.
He added that A…
Randall & Quilter has accepted to buy Principle Insurance for £4.275m cash. Principle Insurance was launched and was given Financial Services Authority approval in 2008 with the purpose of meeting the motor and home insurance needs of the country’…
The AAOIFI – World Bank Annual Conference on Islamic Banking and Finance will be co-hosted by AAOIFI and the World Bank. The conference will take place on 23 and 24 October 2011 in Bahrain Conference Centre, Manama, Kingdom of Bahrain.
At the conferenc…
Fitch Ratings has given an ‚A+/F1+‘ rating to the trust certificate program conceived by The Goldman Sachs Group, Inc. (Goldman) and placed the rating on Rating Watch Negative. This program was designed for the issuance of murabaha trust certificates.
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CIMB Group Holdings Bhd (CIMB) launched its Islamic securities services at the sidelines of the IFN 2011 Investors and Issuers Asia Forum recently aspiring to strenghten its position as a fully-integrated service provider.
The aim is to to establish …
It seems that HSBC Amanah anticipates a pipeline of 30 new Islamic funds to raise its assets under management for serviced funds to $10 billion.
Germain Birgen, global head of securities services, stated that the bank currently services 90 Islamic fund…
