In spite of RBI’s green signal, the government says No ? Dr Raja Muzaffar Bhat Before handing over his charge to present RBI Governor Urjit Patel, former Governor of Reserve Bank of India Raghuram Rajan had proposed working with the Government to introduce Islamic...
Gandhinagar, (IANS) : India will soon have Islamic banking facilities with the Saudi Arabia-based Islamic Development Bank (IDB) set to start its India operations from Gujarat, the Gulf kingdom's envoy in New Delhi said on Wednesday. "I would like to point to a very...
By Dr Shariq Nisar Shariah banking, PLS banking, Ethical banking, Interest-free banking are different names used to identify Islamic banking which primarily works without relying on interest mechanism. Interest is strictly prohibited in Islam and therefore many...
Istanbul, (IINA) : A workshop on “Sukuk and Islamic Liquidity Management” is set to kick off on Monday in Istanbul.The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC), Istanbul School of Central Banking (İMB), and the World...
Mira Road: Giving vent to the common man’s unrest and confusion regarding the recent demonetization drive initiated by the Government of India, the Mira Road chapter of Jamaate Islami Hind organized a special lecture inviting renowned economist, Dr. Shariq Nisar to...
Mumbai, (IANS) : The Reserve Bank of India (RBI) on Friday said there was enough cash made available with banks all over the country for exchange of demonetised Rs 500 and Rs 1,000 notes, though it may "take a while for the banks to recalibrate their ATMs". "There is...
Ankara (IINA) : Vice President of the Islamic Development Bank (IDB) Mansur Mukhtar said Tuesday that the IDB has planned more than $1.5 billion worth of financial support for new investment projects (2017-2019) for African countries. Speaking to Anadolu Agency,...
Jeddah, (IINA) : The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IDB) Group, announced that it has acquired Capitas Group International and changed its name to Catalyst Group as part of its strategy to...
Abu Dhabi, (IINA) : The Global Islamic Economy Summit 2016 kicked off in Dubai on Tuesday where industry specialists highlighted the challenges and opportunities of the global Islamic finance industry, which is estimated to be worth $3 trillion by 2020. Shaikh Hamdan...
Muscat (IINA) : The total outstanding credit extended by the Oman’s conventional and Islamic banks stood at OMR21.5 billion as at the end of July 2016, a rise of 11.5 percent over the same period a year ago, according to data released by the Central Bank of Oman...