26May
When Islamic banking was first developed in the 1970s in the Persian Gulf states, its customers were almost exclusively observant Muslims who wanted a...
23May
Islamic Development Bank, which provides financing and loans in Muslim countries, has more than tripled its authorized capital to $150 billion to bett...
23May
Egyptian marine services firm Maridive and Oil Services has obtained a $150 million syndicated loan using an ijara (Islamic leasing) structure, the fi...
23May
Senior executive leaders from the Islamic banking and finance industry representing high-growth markets across Asia, the Middle East and beyond to gat...
22May
Despite misunderstandings about Islamic banking in different sections of the society, it is growing at a rapid pace in Pakistan and the growth will ac...
22May
With the international economic crisis continuing to bite, the Turkish government has announced it will be seeking to tap into the $1 trillion Islamic...
21May
Sami Al Afghani, CEO of Jordan Dubai Islamic Bank talks to Banker Middle East about the growing interest towards Islamic banking products and practice...
21May
Saudi developer Dar Al Arkan could raise around $300 million through its first global debt issue in more than three years, aiming to secure funding to...
21May
Malaysia remains largest market, followed by UAE and other GCC states
20May
A banner advertising a mortgage product from the Shariah unit of state-owned Bank Tabungan Negara is displayed in the 2nd Shariah Economy Festival in ...
20May
Emirates Islamic Financial Brokerage (EIFB), a major Shariah-compliant broker in the UAE, has become a member of Nasdaq Dubai; the region’s internatio...
20May
Al Baraka Islamic Bank yesterday announced that it was raising $200 million through trust certificates in a Sukuk Al Wakala issue which will mature in...
20May
The Islamic Economy Higher Committee will create legal bodies to certify the Islamic products in Dubai by the end of this year.
19May
The global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an increasingly important component of the Sharia-com...
19May
As the demand for Islamic banking services grows globally, spending on technology infrastructure will inevitably increase. ROY SHELTON takes a look at...
19May
Widely acknowledged as an under served segment of the market, industry experts are calling for more investor education to remedy the lack of supply in...
19May
Dubai hopes to tap into the trillion-dollar Islamic finance industry and has ambitious aspirations to become the global hub. Can it succeed?
19May
Al Hilal Mena Fund (AHMF), an open-ended fund based on Mudaraba structure, operating in accordance to the principals of Sharia is set to be launched o...
19May
Existing demand and future trends of Islamic Microfinance will be determined
19May
In the first part of the 10th IFSB Summit, key leaders in the Islamic financial services industry (IFSI) shared their thoughts on the industry’s devel...
19May
Mr. Adnan Ahmed Yousif expressed how much pleased he is with the results the Bank achieved during the 1st quarter of the current year in spite of the ...
14May
Central banks of the Islamic countries have been urged to adopt a separate set of regulation including a complete new Islamic Financial Reporting Stan...
07May
The IDB Global Forum on Islamic Finance was initiated in 2006 by the Islamic Research and Training Institute (IRTI) of the IDB Group in close collabor...
07May
Role of Islamic Finance for the Development
of IDB Member Countries in Central Asia
01May
The Bombay Stock Exchange (BSE) has launched an Islamic equity index based on the wide-measure S&P BSE 500 index, providing a new benchmark for Islami...
01May
JEDDAH – The Arab Consuls General Group recently held a ceremony to honor renowned businessman Sheikh Saleh Kamel, president of the Saudi Chambers of ...
04Apr
Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) will host the the AAOIFI Annual Shari’a Conference on 15 and 16 April...
04Apr
Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced that it had achieved a distinguished i...
11Jan
The General Council for Islamic Banks And Financial Institutions (CIBAFI), foundedin 2001, a is one of the 4 “I`s” International Islamic Infrastructur...
04Apr
The General Council for Islamic Banks And Financial Institutions (CIBAFI), founded in 2001, a is one of the 4 “I`s” International Islamic Infrastructu...
04Apr
According to Mauritanie-web, the forum has been planned by the Islamic Association of the Private Sector's Development and the General Council of Isla...
04Apr
The Sultanate’s ahlibank has organised a certification course for its existing staff to bring awareness on Sharia-compliant products and services amon...