Author Archives: IMFN
Time For Islamic Law to Face The Bitcoin Question
Islamic finance is well-known as a world full of rules and prohibitions that seem strange and foreign to western scholars. Interest rates, excessive risk-taking, and investments in products deemed unethical…
Islamic Finance Can Play Important Role In Helping World Achieve SDGs, IDB President Writes
It is time to position Islamic finance as sustainability leader Bandar Hajjar, president of the Islamic Development Bank “…Islamic finance places great importance on improving the quality of life, social…
African Islamic Finance Market is Emerging for Islamic Finance
6th African Islamic Finance Summit Inaugurated in Dar-es-Salam, Tanzania (05 November 2019, Dubai): AlHuda Centre of Islamic Banking and Economics (CIBE) is honored to organize 6th African Islamic Finance Summit…
Islamic fintech important tool to meet sustainable development: QCB Governor
The Qatar Central Bank (QCB) attaches great importance to Islamic financial technology (fintech), which is a very important tool needed to meet long-term sustainable development, economic diversification, and financial inclusion,…
Islamic social banking instruments need a bigger global stage
Instruments such as waqaf, zakat, charity and qard hasan have made a great impact in poverty alleviation THE Islamic social banking instruments need to be expanded globally as they have…
Reasons Behind the Growth of Islamic Finance, and its Comparison with Capitalism and Socialism
An economic system is composed of all those institutional arrangements, which govern the principles regarding the allocation of resources amongst competing uses, determination of production mix, choice of techniques, consumption…
Indonesia Issues World’s First Blockchain micro-Sukuk
Indonesian Islamic microfinance cooperative BMT Bina Ummah has raised 710 million rupiah ($50,000) through the world's first primary sukuk issuance on a public blockchain and also the world's first micro sukuk. Specialised news…
Blockchain Firm Algorand Announces Sharia Certification for Islamic Finance
The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing. According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake…
Islamic Finance gains Importance in Social Justice
Islamic finance is gaining importance and has experienced a robust expansion over the years as it is embedded on the principles of fairness, equality and ethics that lead to social…
International Conference on Ijarah Concluded in Dubai
Islamic Leasing (Ijarah) products are feasible almost All over the World: Zubair Mughal (16 October 2019, Dubai): International Conference on Ijarah was successfully concluded at Dusit Thani Hotel, Dubai -…