Washington : American University is now offering a graduate certificate in Islamic finance to better prepare professionals to compete and do business in both emerging and established markets. The curriculum includes courses that focus on the role of Islamic finance in...
By S M Wasiulah The preferred form of investment or financing in Shariah is profit-and-loss-sharing (PLS). References can be found in favor of PLS modes in Quran and Ahadith. However, a quick review of the current progress of Islamic finance industry indicates...
Istanbul : The Fourth International Congress on Islamic Economics and Finance was held recently at Istanbul Sabahattin Zaim University, Turkey in collaboration with Sakarya University ISEFAM (Research Center for Islamic Economics and Finance) with participation of...
Maeeshat.in, Kuala Lumpur (Malaysia), July 17: Despite the global slowdown which did not spare even the Islamic financial industry overall, Islamic capital market surged in 2016 compared to the previous year. “Islamic Capital Market performed better in 2016 than in...
Muscat : Bank Muscat, the leading financial institution in the Sultanate of Oman, reported a net profit of 84.31 million Omani rial ($218.8 million) for the first half of 2017, down from OMR90.47 million for the same period last year. The bank’s net interest income...
By Maeeshat.in Desk, UAE, July 15: The International Monetary Fund, in its latest report, has admitted growth of Islamic finance and banking in the United Arab Emirates. “UAE is also a major hub for Islamic bond issuances―during 2001–15, $53.8 billion or 36 percent of...
Nairobi (IINA) : Hamara Hujale is among many Kenyan women who make an earning by taking advantage of the Islamic financing. Hujale tries to keep an eye on two squirming children and a pot of simmering ugali — a white doughy dish — as she reaches for her buzzing phone....
By S M Wasiullah for Maeeshat As a principle investment in equity shares is considered Shariah compliant, if the business of the company is per se permissible. Then, some companies could also have a minor or even insignificant part of their income coming from...
In today’s connected world of business, Islamic finance is a concept that people working in the banking and finance industries are likely to come across in their careers. Islamic finance, despite its label, is not limited to Muslim countries. It has shown growth...
Mumbai: Iqra Education Foundation, an advocacy body in Islamic Education, organizing a discussion on Islamic finance in Mumbai. According to Uzma Nahid, Chairman Iqra Education Foundation, “In Sha Allah tomorrow Sheikh Faizal Manjoo, Joint CEO, Islamic Finance Jurists...