Author Archives: IMFN - Page 2
International Conference on Ijarah to be Held in Dubai
Islamic Leasing (Ijarah) innovative products can boost financial inclusion and out-reach: Zubair Mughal (03 October 2019, Dubai): International Conference on Islamic Leasing (Ijarah) will convene in Dubai – on 14th…
Islamic Finance: Debunking the Common Myths
Islamic finance is one of the fastest-growing sectors in the world, targeting a vast portion of the global population that has been largely under-served by the financial services industry. It’s…
United Arab Emirates: The Use Of Cayman Islands SPVs In Shariah Compliant Aircraft Financing
Islamic finance has grown significantly over the past few years into an estimated US$ trillion industry. While the use of Shariah compliant financing for the acquisition of aircraft is not…
Saudi Arabia Weighs Selling Dollar Sukuk as Soon as October
Saudi Arabia is considering selling a dollar-denominated Islamic bond as early as next month as the kingdom seeks to take advantage of lower borrowing costs, according to people with knowledge…
Islamic Development Bank set to raise $1.5 bln in sukuk
Jeddah-based Islamic Development Bank is set to raise $ billion in five-year sukuk, or Islamic bonds, a document seen by Reuters showed. The triple-A rated financial institution is offering investors…
Bahrain FinTech Bay partners up with the University of California, Berkeley, offering techies in Bahrain an exciting opportunity
Bahrain FinTech Bay announced today that it has entered into a partnership with the University of California, Berkeley (Berkeley) to establish a GCC-wide training and certification program in the use…
Islamic Finance is an Opportunity for Africa – Moody’s
The Islamic financial sector has great potential in Africa, where countries are looking to broaden their sources of financing. Moody’s published a report on 16 September that reveals Islamic finance…
CIMB offers SMEs ‘complete suite of solutions beyond banking’
CIMB Bank and CIMB Islamic Bank are on track to disburse RM15 billion to SMEs in 2019 to 2020, having provided billion to Malaysian SMEs for the six-month period ending…
Steady uptrend for Islamic Finance in Pakistan: SBP
The Islamic banking and finance sector in Pakistan continues to be on an upward trajectory, with assets, deposits and the number of branches of Islamic banks all showing solid growth.…
The Philippines Passes Law to Encourage Islamic Finance
President Rodrigo Duterte of the Philippines recently signed a law mandating Bangko Sentral ng Pilipinas (BSP), the nation’s central bank, to provide for the regulation and supervision of Islamic banks.…