Author Archives: IMFN - Page 2
Islamic Finance Promotes Halal Industry
For the Promotion of Halal Industry, Islamic Finance Plays an Important Role: Zubair Mughal The Volume of Global Halal Industry is US $ Trillion which is increasing continuously For the…
World Bank Lending $700m to Morocco to Support “Digital Transformation,” Including Islamic Finance, MSME Finance, Mobile Payment Systems, Angel Investing
The World Bank recently approved loan funding of EUR 611 million (USD 700 million) for the nation of Morocco with the objective of promoting a “digital transformation.” The project will…
Islamic Centre Call On CBN For Micro-finance Banks Policy Review
The International Centre for Islamic Culture and Education (ICICE) has appealed to the Central Bank of Nigeria (CBN) to review the recent increase of minimum capital base of Microfinance Banks.…
World Bank Loans Morocco 700 mln USD to Promote Financial Inclusion, Digital Economy
The World Bank Board of Executive Directors has approved a dollar loan to promote financial inclusion and transformation to a digital economy in Morocco, local media reported Wednesday. Citing a…
The ICD and The IRTI consider entering a Strategic Partnership to deliver High Level Training Programs in Islamic Finance
A Memorandum of Understanding (MoU) was signed between, the Islamic Corporation for the Development of the Private Sector (ICD) (), the private sector arm of Islamic Development Bank (IDB) Group,…
Islamic Finance is Must for Economic Development
With the current free-market economic model just a new form of the classic capitalistic model, the head of the chief Islamic advisory body of the country has called for exploiting…
Islamic banks and Islamic windows of commercial banks were asked to play a greater role in expanding outreach in potential areas, particularly to faith-sensitive Farming Community
In the mid-term review meeting of the Agricultural Credit Advisory Committee (ACAC) held in Hyderabad recently and presided over by Tariq Bajwa, Governor State Bank of Pakistan, it was revealed…
The microfinance paradox: Costs do not go down as sector expands to include more Jordanians; taxation does not help
Microfinance in Jordan provides tens of thousands of jobs and can potentially benefit millions of Jordanians still, according to representatives of the sector in the previous article of this two-piece…
Islamic Banking is not only for Muslims- Alhuda CIBE, MD
The Exchange sat down with Zubair Mughal, Managing Director of Alhuda CIBE, a center for Islamic Banking and Economics based in Dubai, UAE. The Center is focused on promoting Islamic…
AAOIFI Organizes Round-Table to Review and Revise its Financial Accounting Standards
In its pursuit to align itself to the evolving industry accounting practices and further develop a comprehensive set of financial accounting standards for the global Islamic financial industry, AAOIFI conducted…