Archives for Islamic Finance
[INTERVIEW] Khofiz Shakhidi, Chairman of the board of directors and Abdullo Kurbanov, CEO and co-founder of Tajikistan-based Alif Bank
Alif Bank looks to further international expansion Khofiz Shakhidi, chairman of the board of directors and Abdullo Kurbanov, CEO and co-founder of Tajikistan-based Alif Bank, discuss the challenges facing frontier…
AAOIFI Partners with Turkish Islamic Banks to Promote Islamic Finance
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has signed an MOU with the Participation Banks Association of Turkey (TKBB) to collaborate in the promotion of Islamic finance…
Fitch New Philippine Regulations may Boost Islamic Banking
Bangko Sentral ng Pilipinas' (BSP) announcement in early January on the approval of new regulations for Islamic banks and banking units is a positive step towards the establishment of a…
How the Nigerian government is working to reduce public debt
The Debt Management Office of Nigeria (DMO) announced on Friday, January 17, 2020, that the country’s total public debt has risen from its trillion figure recorded in September 2019. Patience…
Islamic Banking and Finance is Emerging in The Philippines
Writer: Muhammad Zubair Mughal Islamic banking and finance will be a major contributing industry of Philippines in near future as it is a double digit growing emerging phenomenon due to…
Islamic finance gains ground in UK despite confusion about offerings
UK Islamic finance sector holds an estimated £15 billion ($19 billion) of assets, experts said. By Alicia Buller, ZAWYA Although a host of new faith-based lending or savings accounts have been…
Modaraba – A unique model
By MUHAMMAD SAMIULLAH ( (Eco) DAIBP, PGD in Islamic Finance & Banking Islamic sharia has enunciated a set of principles, which provides basis and limits for all kinds of business…
Islamic finance industry needs a global ecosystem driven by tech
There are a number of factors that have contributed to this slowdown. The overall macroeconomic conditions, geopolitical tension in key Islamic finance markets, and the threat of trade wars have…
Monetary Board approves rules for Islamic banking framework
THE BANGKO SENTRAL ng Pilipinas (BSP) is set to issue the implementing rules for the country’s Islamic banking law after the Monetary Board (MB) approved two circulars outlining the licensing…
The IFSB issues revised compilation guide on prudential and structural Islamic financial indicators, 2019
The Islamic Financial Services Board (IFSB) is pleased to announce the issuance of Revised Compilation Guide on Prudential and Structural Islamic Financial Indicators (PSIFIs), 2019. The Revised Compilation Guide…