Tag archives for Islamic Banking
Islamic Banking: A Step Forward to Economic Stability and Growth
“An Exclusive Interview with Qazi Abdul Samad - Resident Shariah Board Member (RSBM) Islamic Banking Group Bank of Khyber, Pakistan “ Qazi Abdul Samad is an eminent Shariah scholar and has…
IsDB approves $60m supplementary aid for Pakistan’s polio eradication efforts
The Islamic Development Bank (IsDB) has approved a $60 million supplementary fund for Pakistan to support the country’s polio eradication programme. This includes a $39 million IsDB Murabaha and a…
Public Mutual launches two income funds
KUALA LUMPUR: Public Mutual launched two new funds -- Public e-Income Fund (PeINCF) and Public e-Islamic Income Fund (PeISINCF) – on Wednesday which seek to provide annual income over the…
Financial Technologies as a disruption or a growth lever for Islamic Finance Industry
The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, has successfully held today its first Virtual InFocus Session, themed “Financial Technologies: Disruption…
Saudi Agricultural Development Fund’s strategy approved
The National Development Fund’s (NDF) Board of Directors has approved a strategy by the Agricultural Development Fund (ADF) for a period extending from 2021 till 2025, the Kingdom revealed on…
Strong management of COVID-19 outbreak repercussions reduces economic impact of global crisis on Dubai
DUBAI, 30th June 2020 (WAM) - Dubai Statistics Center (DSC) said today that the real gross domestic product at constant prices of the Emirate of Dubai showed a decline in…
Saudi Arabia raises SR8.495 billion in sukuk: Finance ministry
Saudi Arabia’s Ministry of Finance has closed the book for its June 2020 sukuk (Islamic bonds) issuance program, raising billion ($ billion), the ministry said in a statement carried by…
Islamic finance may play key role in Post-Covid-19
Islamic finance social instruments could help countries navigate the economic turbulence wrought by the COVID-19 pandemic in core Islamic finance countries that include the GCC, according to rating agency Standard…
Emirates NBD Capital closes Islamic Development Bank’s $1.5b sustainability sukuk
Dubai: Emirates NBD Capital Limited, the investment banking arm of Emirates NBD has closed Islamic Development Bank (IsDB)’s first ever US dollar sustainability sukuk. The bank acted as joint lead…
Covid an opportunity to transform Islamic finance, says S&P
The temporary slowdown in the growth of Islamic finance as a result of the Covid-19 pandemic could help unlock the long-term potential of the industry. This is the finding of a…