|
|
|
Major Islamic finance standards are issued
|
Posted on
02-Aug-2010 |
|
-
Author,
Reporter,
Gulf Daily News |
|
Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has issued two new accounting standards and one new accounting guidance note. |
|
|
|
Justice Krishna Iyer backs Islamic banking in India
|
Posted on
26-Jul-2010 |
|
-
P.K. ABDUL GHAFOUR,
Author,
Arab News |
|
A major campaign to introduce Islamic banking and finance into India was kicked off in the Kerala city of Kochi on Friday with Justice Krishna Iyer taking the lead. "I welcome Islamic finance in India," said Iyer, a former Supreme Court judge. |
|
|
|
|
|
|
|
U.K. Islamic Bank Growth Slowed by Recession: Islamic Finance
|
Posted on
26-Jul-2010 |
|
-
Simon Harvey, Shanthy Nambiar,
Editors,
Bloomberg |
|
Growth in Islamic financing in the U.K. is slowing after the nation’s recession and Moody’s Investors Service says the industry is hampered by a lack of government support. |
|
|
|
Sukuk Premium Falling 70% as Asia Sales Jump: Islamic Finance
|
Posted on
26-Jul-2010 |
|
-
Simon Harvey, Sandy Hendry,
Editors,
Bloomberg |
|
July 14 (Bloomberg) -- The yield premium on Indonesia’s sovereign sukuk over non-Islamic bonds is down 70 percent since the bonds were sold in April 2009, while Malaysia’s debt rallied to a record as investors gain confidence in the securities. |
|
|
|
|
|
Shariah Loans Reach Five-Year Low on Property: Islamic Finance
|
Posted on
05-Jul-2010 |
|
-
Haris Anwar and Soraya Permatasari,
Editors,
Bloomberg Business Week |
|
July 5 (Bloomberg) -- Shariah-compliant loans slumped to a five-year low in Europe, the Middle East and Africa in the first half on credit-ratings downgrades and falling property prices. |
|
|
|
U.A.E. Plans Shariah Money Markets After Law: Islamic Finance
|
Posted on
29-Jun-2010 |
|
-
Haris Anwar and Soraya Permatasari,
Reporter,
Bloomberg |
|
June 29 (Bloomberg) -- The United Arab Emirates, the second-largest Gulf economy, may follow Malaysia, Bahrain and Indonesia in selling Islamic securities with maturities of less than 12 months as legislators consider establishing a local debt market |
|
|
|
Australian initiatives to boost Shariah-compliant projects
|
Posted on
28-Jun-2010 |
|
-
Mushtak Parker,
Reporter,
Arab News |
|
LONDON: In a clear statement of intent, the Australian government has launched a series of initiatives that when completed and hopefully adopted will make the country one of the most proactive Islamic finance markets in the Asia-Pacific Region. |
|
|
|
Malaysia Leads in Filling Shariah Service Gaps: Islamic Finance
|
Posted on
28-Jun-2010 |
|
-
Khalid Qayum and Soraya Permatasari,
Reporter,
Bloomberg |
|
June 28 (Bloomberg) -- The Islamic finance industry is catching up with Malaysia in offering a full range of services, supporting growth in an industry with $1 trillion in assets, said the chief executive officer of CIMB Islamic Bank Bhd. |
|
|
|
Islamic finance: Investment strategy about more than faith
|
Posted on
21-Jun-2010 |
|
-
Emmanuelle Smith,
Reporter,
Financial Times |
|
Despite, or maybe because of the world’s economic travails, Islamic finance has continued to stride ahead, as investors seek alternatives to products that have let them down in the recent past. |
|
|
|
Firms get ready for a surge in demand for sharia compliant investments
|
Posted on
21-Jun-2010 |
|
-
Brian Bollen,
Reporter,
Efinancial Careers |
|
Three years ago, great things were predicted for the marriage of private equity with sharia-compliant investment. Middle Eastern investors, flush with cash from high oil prices, were keen to target new sectors while abiding by Islamic laws that prohi |
|
|
|
Indonesia plans massive global sukuk deal
|
Posted on
15-Jun-2010 |
|
-
Reuters,
Reporter,
AsiaOne News |
|
SINGAPORE, June 15 (Reuters) - Indonesia plans to issue abenchmark size global sukuk in October, its second international Islamic offering in as many years, to capitalise on strong demand for sharia paper, a government official said on Tuesday. |
|
|
|
Govt eyes growth in Islamic finance
|
Posted on
08-Jun-2010 |
|
-
Staff,
Reporter,
Business Spectator |
|
The federal government looks set to pursue expansion of Islamic finance in Australia ahead of a Board of Taxation report due later this month, which will make recommendations on reforms to ensure Islamic financial products receive equal treatment in |
|
|
|
DIB declared best Islamic retail bank
|
Posted on
01-Jun-2010 |
|
-
By our correspondent,
Author,
The News |
|
KARACHI: Dubai Islamic Bank (DIB) has been declared ‘Best Islamic Retail Bank’ by the International Islamic Finance Forum for Sharia compliant product and services, said a statement on Monday. |
|
|
|
Islamic Finance Must Boost Money Markets to Grow, AAOIFI Says
|
Posted on
31-May-2010 |
|
-
Dana El Baltaji,
Reporter,
Bloomberg |
|
May 31 (Bloomberg) -- The Islamic finance industry must widen the pool of money-market securities available to help companies and investors manage risk more effectively, according to an official at a Bahrain-based standard-setting agency. |
|
|
|
Australia to get Islamic finance friendly
|
Posted on
27-May-2010 |
|
-
Agencies,
Author,
ExpressIndia.com |
|
Sydney Shariat-compliance is fast catching on Down Under too. Australia will outline laws in the second half of 2011 to equalise the tax treatment of Islamic finance and conventional banking, a government official said on Thursday. |
|
|
|
Finance in desperate need of high-quality scholars
|
Posted on
25-May-2010 |
|
-
Nadia Saleem,
Staff Reporter,
Gulf News |
|
Dubai: The Islamic Finance market is in desperate need of high-quality scholars who will help to grow the industry, Islamic banking industry specialists said yesterday at the Menasa Forum in Dubai. |
|
|
|
Islamic banking looks to tap new markets
|
Posted on
23-May-2010 |
|
-
Gérard Al-Fil,
Financial Journalist,
AMEinfo.com |
|
Even during the slowdown that resulted from the financial crisis many new branches of Islamic retail banks were opened worldwide. However, as a new e-friendly generation enters the scene, the industry will need to upgrade its services and distributio |
|
|
|
Dubai Islamic Bank launches new commodity-based financial product
|
Posted on
20-May-2010 |
|
-
Nadia Saleem,
Staff Reporter,
Gulf News |
|
Dubai Islamic Bank (DIB) yesterday launched Al Islami Salam Finance, a product-based on a sale contract in which the bank pays the purchase price upfront of a commodity to the customer on condition of receiving a certain quantity of that commodity at |
|
|
|
Qatar Islamic Bank to Sell $750 Million Sukuk in 2010
|
Posted on
19-May-2010 |
|
-
Khalid Qayum,
Author,
Reuters Bloomberg |
|
May 19 (Bloomberg) -- Qatar Islamic Bank SAQ, the Gulf state’s biggest Shariah-compliant lender, plans to sell as much as $750 million of bonds in its first Islamic debt offering, according to the company’s chief executive. |
|
|
|
Jordan Islamic Bank sees double-digit growth
|
Posted on
19-May-2010 |
|
-
-,
Author,
Reuters |
|
Jordan Islamic Bank, the country's largest Islamic lender, expects double-digit growth this year as it taps fast-rising demand for Sharia-compliant products in an otherwise sluggish overall market, its CEO said. |
|
|
|
Islamic Bond Sales Rise 24% as Sukuk Outperforms
|
Posted on
19-May-2010 |
|
-
Soraya Permatasari,
Author,
Bloomberg Business Week |
|
May 19 (Bloomberg) -- Islamic bond sales are growing at the fastest pace since 2007 as yields on securities complying with the religions ban on interest fall more than those on emerging- market debt even as Europe’s debt crisis worsens. |
|
|
|
|
|
|
|
Lack of standardization hobbles Islamic finance
|
Posted on
11-May-2010 |
|
-
By Shaheen Pasha and Liau Y-Sing, Reuters,
Reporter,
The Vancouver Sun |
|
A series of high-profile defaults raises concern among conventional banks over absence of central body to frame rules. |
|
|
|
Standard Bank launches Islamic banking product
|
Posted on
05-May-2010 |
|
-
Helen Nyambura-Mwaura,
Author,
Reuters |
|
DAR ES SALAAM (Reuters) - South Africa's Standard Bank Group has launched its first Islamic banking product in Tanzania and is awaiting regulatory approval to offer similar services in Nigeria, a senior executive said. |
|
|
|
Kenya to launch Islamic Insurance
|
Posted on
03-May-2010 |
|
-
Kamau Mbote,
Author,
Kenya Broadcasting Corporation |
|
The Islamic finance sector has a lot of potential in spearheading the growth of the financial industry according to the Central Bank of Kenya (CBK). |
|
|
|
Islamic Finance Faces Hurdle, Lacks Expertise, U.K. Body Says
|
Posted on
26-Apr-2010 |
|
-
Dana El Baltaji, Soraya Permatasari,
Reporter,
Bloomberg Business Week |
|
April 26 (Bloomberg) -- A shortage of skilled Islamic scholars and banking officials versed in Shariah-compliant finance is hampering the industry’s ability to develop global standards, said an official at the Islamic Finance Council U.K. |
|
|
|
Global takaful market forecast to surpass $8.8 billion this year
|
Posted on
18-Apr-2010 |
|
-
Emirates Financial News,
Publisher,
Emirates Financial News |
|
The third edition of Ernst & Young's World Takaful Report 2010: Managing performance in a recovery, unveiled at the 5 th Annual World Takaful Conference of 2010, confirms that global Takaful industry is well on course to surpass US$8.8 billion in con |
|
|
|
Deutsche Bank forms Shariah-compliant home financing firm
|
Posted on
18-Apr-2010 |
|
-
The Saudi Gazette 2010,
Publisher,
The Saudi Gazette 2010 |
|
JEDDAH - Deutsche Bank AG announced on Monday the formation of Deutsche Gulf Finance, a joint venture Shariah-compliant home financing company owned 40 percent by the bank's Riyadh panch and 60 percent by a group of prominent Saudi-based investors, l |
|
|
|
|
|
Bank invests $20 million in IT company
|
Posted on
18-Apr-2010 |
|
-
Gulf Daily News,
Publisher,
Gulf Daily News |
|
MANAMA: Capinnova Investment Bank yesterday announced an investment of $20 million in EBLA Computer Consultancy. |
|
|
|
|
|
|
|
|
|
Islamic finance eyes new regions
|
Posted on
06-May-2010 |
|
-
Dinesh Nair & Frederik Richter,
Reporter,
Reuters |
|
(Reuters) - Muslim countries in Central Asia and Indonesia are seen as the next growth areas for the Islamic finance industry |
|
|