Posts tagged as: Europe

Islamic finance – the social paradigm

Islamic finance – the social paradigm

The first home purchase plan approved by the Financial Services Authority (FSA) for the mainstream UK market is the genie out of a modern day bottle. It shows that the religious principles underlying Islamic products are important in the ethical and so…

Specialist proposes fatwa bypass on Islamic products

Specialist proposes fatwa bypass on Islamic products

Trevor Norman, director of Jersey-based fiduciary specialist Volaw Trust and Corporate Services, noted that UK investors and their advisers should be given permission to research products themselves instead of having to obtain a fatwa, or judgement, fr…

BLME completes first Islamic banking deal in the renewable energy space in the UK

BLME completes first Islamic banking deal in the renewable energy space in the UK

Bank of London and The Middle East plc (BLME) signed a £14 million leasing deal with Global Marine Systems Ltd.
According to the agreement, BLME will support Global Marine in the acquisition and refit of an offshore power cable installation barge. The…

IIFM and ISDA Launch Mubadalatul Arbaah (MA) Profit Rate Swap (PRS) Product Standard

IIFM and ISDA Launch Mubadalatul Arbaah (MA) Profit Rate Swap (PRS) Product Standard

The International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association, Inc. (ISDA) are pleased to announce the launch of the ISDA/IIFM Mubadalatul Arbaah (Profit Rate Swap) product standard to be used for Islamic hed…

The Transfer Window: latest moves including BLP, Mayer Brown and DLA

The Transfer Window: latest moves including BLP, Mayer Brown and DLA

Simmons & Simmons has hired another partner from Berwin Leighton Paisner (BLP) in London. John Kelsey,recruitment of real estate specialist, took the number of partners the firm has hired from BLP to seven in less than a year. The hire follows the …

UCITS tapped for Islamic funds distribution

UCITS tapped for Islamic funds distribution

Potential for marketing Islamic funds cross-border in the Asia-Pacific and Asean is starting to be seen through the UCITS (undertakings for collective investment in transferable securities) platform. Despite the fact that it has already been used in Eu…

interest in ‘halal’ finance growing in Italy

interest in ‘halal’ finance growing in Italy

Despite the fact that Islamic finance has existed in Europe for more than forty years, in Italy results of the first experiments are only now starting to be seen.
In 2009, for example, Deloitte set up a sector dedicated to Islamic finance. Alberto Liot…

German banking regulator BAFIN organised 2nd Conference on Islamic Finance

German banking regulator BAFIN organised 2nd Conference on Islamic Finance

On 10 May 2012 BaFin will hold its second conference on Islamic financial services in Frankfurt. The agenda includes sharia-compliant capital market products and the opportunities and challenges they present.
The presenters at the conference will be l…

A New Tool for Scaling Impact: How Social Impact Bonds Can Mobilize Private Capital to Advance Social Good

A New Tool for Scaling Impact: How Social Impact Bonds Can Mobilize Private Capital to Advance Social Good

Social Finance, Ltd. created a bond with social impact. Background on this project is provided free for download and could be a good base for innovation in the Islamic finance industry:
“In September 2010, our sister organization, Social Finance, Ltd.,…

IslamicFinance.de aims to raise USD 2’500 for quarterly running costs

IslamicFinance.de aims to raise USD 2’500 for quarterly running costs

Dear Reader,
IslamicFinance.de is privately funded for many years. Now, for the first time, you have the possibility to make a contribution, from one Dollar upwards!
The technical details, and the money transfer via paypal is organised by Kapipal a new…

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