The Libyan Foreign Bank will present Shariah-compliant products as the government prepares regulation to make Islamic banking the norm in the North African nation following the ouster of Muammar Qaddafi.
Shariah-compliant finance may acquire the benefi…
The success of Saudi Arabia’s first government-backed Islamic bond issue, and the dairy company Almarai’s planned sukuk, will set the stage for what will probably be one of the kingdom’s strongest years for Islamic bonds.
The Almarai bond plus th…
According to Islamic Wealth Management (IWM) Report 2012, the Gulf Co-operation Council (GCC) should have a unified rule under one regulator for Islamic investment products for ensuring lower cost of funds.
Bank Sarasin managing director and head of Is…
It seems that a long-awaited mega Islamic bank with the headquarter in Bahrain may be launched this year and $600 million of its $one billion capital will be contributed by Islamic banks in the Arab region.
The remaining capital will be subscribed by l…
According to Chief Executive Officer Igor Finogenov, Eurasian Development Bank wants to expand Shariah-compliant financing after helping arrange a deal last year.
The bank is searching to boost lending that respects the Islam’s ban on interest after …
Oman’s Capital Market Authority (CMA) has disclosed to The Times of Oman that it will favour standalone Takaful companies, which is against the window operations proposed for conventional banks.
Abdullah bin Salem al Salmi, Acting Executive President…
KFH-Research prepared a report about Islamic wealth management industry around the world.
The report noted that this industry has great growth potentials during the coming years, in light of the growing number of rich Muslims, constant growth of Islami…
According to Mohamed Awad Bin Humam, the governor of the Yemeni central bank, his country plans to launch Islamic bonds soon to finance government projects.
According to ADEP Managing Partner, Muneef O. Tarmoom, primary industry research proovs that approximately 24 per cent of leading Islamic banks‘ balance sheets are invested in cash or its equivalent often because of no other reason other than sparse av…
It seems that Iranian authorities have brought to trial 32 people suspected of involvement in a multi-billion dollar banking fraud with alleged links to the government of Iranian president Mahmoud Ahmadinejad.
The case spinns around forged documents al…
