Archives for Islamic Finance
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…
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,…
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…
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…
Dubai as a Sustainable Finance Hub – The Story So Far
Sustainable finance instruments such as green bonds and sukuk set to grow in prominence in coming years By Staff Writer, Special Contributions Dubai in July signalled its intention to strengthen…
IDB allocates grant worth 200,000 USD to Azerbaijan
The Islamic Development Bank (IDB) has allocated a grant worth 200,000 USD for the Azerbaijani government to introduce Islamic banking in the country, Tamerlan Taghiyev, representative of the IDB group…
International Islamic Liquidity Management Corporation reissues $500mln Sukuk
Reissuance consisted of $200 million with 3-week tenor and $300 million with 3-month tenor at a profit rate of 2% each. By Staff Writer, ZAWYA The International Islamic Liquidity Management…
Will Islamic banking meet the expectations of Ugandans?
By the nature of operation of Islamic banking, there is nothing like interest on income which other conventional banks are required to report. Islamic Banking (IB) continues to become an…