Tag archives for Islamic Banking
Egypt signs $1.1bn agreement with International Islamic Trade Finance Corporation
A worker gesturing for cars to move as others fill up a at a petrol station in Cairo, Egypt on June 29, 2017 January 14, 2021 at 7:00 am Egypt…
DFIs urged to improve performance
The national economy is at a crossroads due to the Covid19 pandemic. Financial institutions including banks need to improve their working so that their actions support the economy and the…
How Islamic Fintech Can Reduce Poverty and Unemployment in Nigeria – Abdul Majeed Muhammad
As Nigeria worries about the twin effects of poverty and unemployment, Islamic Fintech has seen it as an opportunity to provide solutions to these issues. Mr. AbdulMajeed Muhammad, Co-Founder Islamic…
World Bank: Investigate Cambodia’s Micro-Loans
The World Bank Group should investigate alleged coerced land sales and other rights abuses linked to predatory lending and over-indebtedness in the micro-loan sector, Human Rights Watch said today. These…
Islamic finance moved further into mainstream
This year, Islamic finance made much headway in Bangladesh, one of the Muslim-majority nations: three more banks Standard, NRB Global and Jamuna became Shariah-compliant while the Sukuk, a bond structured…
BOP opens Islamic banking branch in Peshawar
The Bank of Punjab Islamic Banking Group has extended its network by inaugurating its 100th Taqwa Islamic banking branch at Nasir Bagh, The branch will facilitate individuals, business community, and…
Islamic Finance After COVID-19
The Islamic finance industry slowed down significantly in 2020 after experiencing a very strong 13% growth rate in ;Islamic financial institutions spent most of the year coping with the dual…
How Gulf countries compare globally for Islamic finance
Bahrain, the UAE and Saudi Arabia have ranked in the world’s top five Islamic finance economies, according to the latest annual Islamic Finance Development Indicator (IFDI). The kingdom, which has…
Global Islamic finance assets set to hit $3.69 trillion by 2024
Global Islamic finance assets are forecast to reach $ trillion by 2024, according to a report released by the Jeddah-based Islamic Development Bank. The Islamic Finance Development Report 2020 was…
Sharia finance – how Islamic products differ from traditional banking in Australia
For most Australians, the world of Islamic finance is a closed book however given that some estimates suggest that the sector has a growth rate of 15-20% and a total value of…