JEDDAH – Global Islamic banking assets with commercial banks are on course to exceed $3.4 trillion by 2018, fuelled by growing economic activity in core Islamic finance markets, according to specialists at Ernst & Young's Global Islamic Banking Center. Across the...
Saudi ahead with issuances at $4.93 billion JEDDAH – The gradual implementation of Basel III accords since Jan. 1, 2013 has led to Islamic banks turning toward issuing Basel III compliant sukuk instruments in order to satisfy the revised capital standards, “Global...
Qatar seeking reforms to modernise financial sector; Islamic banks hold over third of bank assets in Qatar Doha: Qatar regulators will establish a deposit insurance framework that will include a Sharia-compliant scheme, one of several reforms aimed at modernising the...
By Prof. Irfan Shahid Some people believe that Islamic Banking is particularly for Muslims and only Muslims can derive benefit from it. There is a misconception that Islamic Economical System will ruin their economy. A judicious research conducted by International...
Thought Paper By: Riaz Akhtar,Senior Consultant, Infosys & Babita Talreja,Principal Consultant, Infosys Islamic banking seems an alien concept in India’s conventional banking world. Despite its impressive growth in other parts of world such as the Middle East,...
The approval of an NBFC (Non Banking Financial Company) of Kerala named Cheraman Financial Services based on Islamic principles by Reserve Bank of India is to be welcomed by all. Cheraman Financial Services Ltd is a joint venture of Kerala State Industrial...
By : Ms Amrin Memon (MBA - Finance) Sukuk, due to their fixed profile and enhanced credit features, are one of the most popular and commonly used financial instruments in the Islamic Capital and Money Market. Sukuk are the fastest emerging alternative instruments and...
By Dr. Javed Jamil Islamic Finance Islamic Finance including Islamic Banking and non-Banking Finance sectors have generated considerable interest all over the world in the last few decades. There is an increasing demand for permission to establish Islamic Banking in...
By Danish Reyaz : Mufti Barakatulla has been working as a lecturer in Ebrahim College, UK and maintains Freefone Islamic Helpline 0800 328 1408. He graduated in Islamic Studies from Darul Uloom Deoband, India where he obtained the training of Mufti (A Muslim Scholar...