Islamic mutual funds globally now hold $53.2 billion of assets under management, growing again from the slump caused by the 2008 global financial crisis.
IFSB launches databank, giving data for 15 member countries
Turkey’s presidency of the G20 group has placed Islamic bonds – known as Sukuk - on its list of top priorities in 2015, with the ...
The bank also said its Turkish subsidiary would begin operations in Germany, headquartered in Frankfurt, in the middle of 2015
Leading Arab broadcaster’s first-ever IMF televised debate will be held under the title: “Islamic Finance: Unlocking its Potential and Supporting Stability”
Alkhair Capital plans to expand the firm in Turkey and launch new funds this year.
Japan is the latest global financial hub to start making inroads into Islamic finance
The Manila-based development lender sees Islamic finance as complementing its objectives to boost financial inclusion and promote financial stability
The wholly-owned subsidiary will be called KT Bank AG and use Frankfurt as its base
While many other obstacles remain, the bill is seen a first step to spur development of a sector which has posted double-digit growth
A meeting of G20 ministers and central bank governors last month discussed ways for sukuk to be used more widely as a financing tool
It is the second big step to allow the creation of Islamic banks and enable private firms to issue Islamic debt
The Democratic Union of French Muslims (UDMF) aims to promote Islamic finance and overturn France’s ban on wearing the veil
Demand is also growing for guarantees in markets where credit and political risks pose a greater challenge
The central bank already has a sharia board but its scope is limited to vetting its own products
Insurers will have between two and three years to fall in line with the new rules
Islamic finance has boomed in the last few years on the back of strong economic growth in its core markets
Pakistan's central bank is launching a second phase of a mass media campaign designed to raise awareness and acceptance of Islamic finance
Islamic finance is eying a new direction of socially responsible investment - which could even include the fight against Ebola
Sukuk are investment certificates which follow religious principles such as bans on interest and monetary speculation
Sharia boards are groups of scholars who rule on whether financial instruments follow religious principles
Islamic bank revenues are also underweight on trade finance and lending to medium-sized businesses
IFN Saudi Arabia Forum is expected to be the most promising international congregation to share knowledge among industry experts and leaders
The new official initiatives seem likely to create a more benign environment for Islamic finance,
The initiatives are part of an ambitious five-year plan by the regulator to promote Islamic finance
Islamic finance, with its core markets in the Middle East and southeast Asia, is under growing regulatory scrutiny
Malaysia’s Bank Islam becomes the latest Asian bank to use the structure to boost regulatory capital
The sukuk will be sold to investors through the bank’s leasing company
The U.S. bank will meet investors in Qatar next Wednesday and the United Arab Emirates on the following day to discuss selling sukuk
Most of the banks are from the Gulf and southeast Asia, where economies are strong
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