The industry’s first Islamic Euro Nostro Account has recently been launched by Standard Chartered Bank. It will allow Islamic banks across the world to earn profits on their account balances, respecting the general rules of Murabaha. Bank Alfalah Limit…
Goldman Sachs International announced last September that it was going to the market to raise financing totaling $2 billion through a Murabaha sukuk issuance.
The issuance is based on a structure accepted by Dar Al-Istithmar Limited, the Shariah advise…
Leading Islamic finance scholars are preparing the first global certification for Shariah experts, seeking to bolster the industry’s reputation and make it easier for banks to find qualified advisers. The International Shariah Research Academy for Is…
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