Jomana Al-Kandari, nutritionist at Amiri Hospital, was sponsored by Kuwait Finance House (KFH) to attend the first international conference for the nutrition of kidney patients in the USA. This sponsorship is part of KFH’s initiative in support of heal…
Malaysia maintains its leading position in Islamic finance having a large volume of Islamic investors looking for syariah-compliant investments like sukuk compared to Singapore. The huge number of Muslim-owned companies in Malaysia is one of the most s…
Gatehouse Bank has bought the Debenhams department store in Leeds city centre for £33.4m ($52.6m). thus, the sharia-compliant investment bank continues property acquisition in this city, the BT building in Sovereign Street being the first one. The new…
After the approval for “Sharia compliant” equities by Central Bank of Nigeria (CBN) last year, in 2012 an Islamic window opened on the trading floor at the Nigerian Stock Exchange (NSE). This is the first faith-based financial window in Nigeria, wh…
Celcom Axiata Bhd has reached a price of RM5bil in nominal value for its sukuk issuance. Via bookbuilding process, RM3bil of it received a final book of RM10bil. There is a strong demand for the RM3bil sukuk from asset management companies, financial i…
The common belief goes that Islamic finance or banking is for Muslims only. However, this is not true. Islamic finance and banking attempts to build a financial system based on ethics and fairness, havin thus an effect on the socio-economic conditions …
According to Bank Negara Malaysia’s Shariah Advisory Council, there is a skill shortage in the Islamic finance Industry. In order to prevent it from hindering the growth of the Islamic Finance, Southeast Asian universities are adding Islamic finance …
Saudi Arabia has recently introduced several reforms which shall lead to greater certainty and predictability on the market. Due to them, several new committees shall be created with aim to restructure the Saudi Arabian judiciary system and make the de…
Emirates Money intends to launch Banca Takaful in conjunction with Dubai Islamic Insurance and Reinsurance Company and Global Takaful Solutions (FWU). A key feature of the new Shari’ah-compliant financial plan is to protect invested capital in a bear m…
Microtakaful shall help people at the base of the economic pyramid to find a way out of poverty and gives them a real hope of being financially independent. It is known that of the 41 lowest human development countries, 20 have a majority Muslim popula…
