Author Archives: IMFN - Page 2
Islamic finance assets hit $2.5trln; banking assets total $1.76trln:
Despite slowing growth in other sectors, sukuk continues to power ahead The Islamic finance industry’s assets grew to $ trillion in 2018 from $ trillion in 2017, a rise of…
Islamic finance becoming a Global Force
By Arno Maierbrugger/Gulf Times Correspondent/Bangkok With global assets of currently more than $ and a forecast of compounded growth per year to reach $ by 2023, Islamic finance is becoming…
Huge Shariah-compliant FinTech Potential in Indonesia
FOR the first time in many years, Indonesia overtook Malaysia in an Islamic finance ranking. It took many by surprise. We are talking about the Islamic Finance Country Index (IFCI).…
SECP Policy Board Approves Several Regulations
The Securities and Exchange Policy Board met in Islamabad at the SECP Headquarters under the Chairmanship of Professor Khalid Mirza. The Policy Board approved the General Takaful Accounting Regulations, 2019,…
Senegal to Open First Islamic Microfinance Windows in 2020
Senegal plans to launch its Islamic microfinance program with the opening of financing windows by June 2020, Yaye Fatou Diagne (pictured), coordinator of the National Program for the Development of…
Government Inks Pact for Building Low-Cost Houses
Ministry of Housing and Works and Akhuwat Islamic Micro Finance have reached an agreement for provision of interest-free loans for the construction and repair of low-cost houses in the country.…
IFSB Summit 2019: Technological Innovation for the Sustainable Islamic Finance Development
The first day of the 14th IFSB Summit 2019 remarked the consensus between thought leaders, market players, and regulators that the technological innovation would create positive impacts in sustaining the…
IMF allows Pakistan to issue fresh sovereign guarantees of Rs250b
The International Monetary Fund (IMF) has allowed Pakistan to issue fresh sovereign guarantees of Rs250 billion in order to reduce the circular debt in the energy sector and the country…
Bahrain tops Mena in Islamic finance indicator
Bahrain, which has led Mena in all seven IFDIs to date, also ranked in second place globally this year Bahrain has topped the entire Mena region for Islamic finance development,…
Indonesia’s Islamic Finance Rank Rises
Indonesia’s Islamic finance rank has improved exponentially this year, but challenges remain to further develop the sharia economy. Based on the 2019 Islamic Finance Development Indicator launched on Tuesday by…