Archives for Islamic Finance - Page 2
Bank of England announces new support for UK Islamic banks
The Bank of England has announced the launch date for a new Shariah compliant non-interest based deposit facility, the first from a Western central bank. The Bank says the facility,…
Long-term potential for Islamic finance remains promising post Covid-19 globally -Wahid
The long-term potential for Islamic finance remains promising globally in a post Covid-19 environment due to its principles of inclusivity and the potential to promote financial stability, said Bursa Malaysia…
Islamic Development Bank funded 258 projects in Egypt at LE11.64 billion cost, says Minister
Minister of Planning and Economic Development Hala al-Saeed on Saturday praised Egypt’s partnership with the Islamic Development Bank Group which over four decades, has funded 258 projects at a total…
Islamic Corporation for the Development of the Private Sector’s U.S.$600 Million Sukuk Offering
Bird & Bird has advised the Islamic Corporation for the Development of the Private Sector on the deal. The Sukuk are listed on the London Stock Exchange and Nasdaq Dubai…
Islamic banks get lots of ‘interest’
Islamic banks in the UAE continue to lead their conventional peers for personal finance products such as loans, auto and mortgage products despite a dip in overall penetration rate due…
Bank Islam targets to benefit 3,500 microentrepreneurs under Bang KIT Microfinance by 2025
Bank Islam Malaysia Bhd is targeting to benefit 3,500 microentrepreneurs from its microfinance innovation — the BangKIT Microfinance — in the next five years. Sadaqa House — the first-of-its-kind Islamic…
What next for two remaining Islamic banks?
The future seems uncertain for two remaining standalone foreign Islamic banks in the country — Kuwait Finance House (Malaysia) Bhd (KFHM) and Al Rajhi Banking & Investment Corp (Malaysia) Bhd…
Islamic finance in Ghana requires multi-stakeholder push – Experts
The issue of Islamic finance in Ghana needs to be critically pursued by all stakeholders as a key alternative financing method for government and private sector was the unanimous view…
Could cooperation with U.N. agencies optimize the humanitarian impact of Islamic philanthropy?
We live in a world where 1% of humanity has been forced to flee their homes. Nearly 80 million people around the globe are forcibly displaced, including 26 million refugees.…
Australia’s First 100% Digital Islamic Bank
Delayed by Covid-19, the central bank of Australia plans to license the country’s first Islamic bank in early 2021. Delayed by Covid-19, the central bank of Australia plans to license…