Author Archives: IMFN - Page 2
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…
Govt Says Promoting Islamic Micro-financing
Lahore - Punjab Finance Minister Makhdoom Jawan Bakhat Hashim said that the Govt. was committed to bringing change to the lowest level of the society and this could be achieved…
Islamic Finance Volume Expected to Hit $2.5trillion in 2019: Zubair Mughal
Press Release: Lahore (31-Dec-2018): Unfortunately, 2018 is not proved as much beneficial for Global Islamic Banking and Finance Industry as expected because of various reasons which include Middle East political…
Islamic Finance Practice Vital To Sustainable Development Goals – Dr Umar
An Islamic finance expert and member, Shari’iah Committee of the International Islamic Liquidity Management Corporation, Malaysia, Dr Bashir Aliyu Umar has said that Islamic finance can contribute to the achievement…
Top Ten Banking Tech Case Studies in 2018
Banks and financial institutions from around the world have been sharing with us their tech modernisation experiences. Here are the top case studies of 2018: Live Oak Bank and Finxact – riding…
Government unveils Five-year Plan for Pakistan’s Economic Growth
Small farmers, low-cost housing, digital payments and a higher share for Islamic banks are the targets of the government’s new strategy for growth. Access to finance is super important for…
Synergy to promote State Bank of Pakistan’s Financial Inclusion Strategy
A consortium of 12 reputable banks, steered by the State Bank of Pakistan (SBP), has been created for taking various broad-based initiatives to improve financial inclusion in Pakistan. The ‘Asaan…