Islamic finance has considerably grown in North Africa, with many Middle East financial institutions investing in the region. There has also been significant development in the south of the continent. Though there is a low Muslim population in South Af…
From the beginning the Islamic non-governmental organisations, cooperatives and microfinance institutions have been encountering numerous challenges. The principal challenge is Funding Islamic microfinance programme. A huge fund is required for coverin…
In a recent announcement, Fajr Capital Limited has informed about its acquisition of Dubai International Capital’s stake in the Mena Infrastructure Fund. Fajr Capital will join the other two major partners of the fund, HSBC Bank Middle East and Abu D…
According to a statement by Fitch Ratings, Indonesia’s consumer finance will probably see an improvement in the underwriting quality and regulatory consistency. The precondition is that Bank Indonesia harmonises prudential rules for sharia-compliant pr…
The expansion of Islamic finance throughout the Middle East has caused an increasing interest in knowledge and experience levels required by banking professionals to operate in this financial area. Numerous conflicts and political changes in the Middle…
According to most fund managers, people usually invest in equities. FTSE 100 companies dominate portfolios and provide the assets under-pinning financial products using pension or other similar investments. However, a closer look at these companies sho…
Islamic microfinance (IM) continues its development into a very popular mechanism for alleviating poverty, especially in developing countries. The expected growth of the Islamic microfinance industry is over $2.0 billion in 2012. Its ethical principles…
The IMF and Egypt continue to negotiate a potential $4.8 billion loan at an interest of 1.1%. The Salafi Nur Party made a statement claiming that this interest is not a forbidden riba. Their statement was followed by one by a another Salafi preacher wi…
Istanbul Real Estate Investment Trust Is REIT signed a Murabaha facility worth $50 million in a syndicate with a number of GCC banks. The facility has a two-years tenor and a profit rate of LIBOR +250 bps. Playing different roles, banks included in the…
It was reported that Indian authorities intend to introduce some form of interest-free banking. Thus, the country’s unbanked Muslim populations shall be brought into mainstream banking. This initiative is likely to result in a huge rise in Islamic Ba…
