islamicfinance

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Posted in Business and Banking

Millennium launches international operations in Dubai to support $2.5 trillion global Islamic finance sector

DUBAI: Millennium Information Solution FZ-LLC a well-reputed core banking solutions provider for the US$2.5 trillion(Dh9.1 trillion) global Islamic finance sector, has recently launched its international…

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Corporate sukuk to grow slow in 2020

KUALA LUMPUR: Domestic corporate sukuk are in a better position than during the global financial crisis or the Asian financial crisis supported by moderately leveraged…

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Posted in Research and Awareness

Working With Islamic Finance

Islamic finance refers to the means by which corporations in the Muslim world, including banks using the EIBOR rates, and other lending institutions, raise capital in accordance with Sharia, or Islamic law. It also refers to the types of investments that are permissible under this form of law. A unique form of socially responsible investment,…

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KFH wins ‘Best Bank in Kuwait’ Award 2019

KUWAIT: Kuwait Finance House (KFH), the world leading Islamic financial institution, won the Euromoney Award for Excellence Country 2019 – Best Bank in Kuwait. KFH…

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Posted in Research and Awareness

IRTI, Effat University to organise joint Islamic finance conferences

JEDDAH, March 2019: The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group is to collaborate with Jeddah-based Effat University to…

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Islamic finance plays an important role in promotion of Halal industry: Zubair Mughal

Dubai, June 2019: For the promotion of Halal industry the role of Islamic finance is very important. With the support of Islamic banking and finance…

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ADIB adjudged Best Islamic Bank in the Middle East

ABU DHABI, June 2019: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has received the award for ’Best Islamic Bank in the Middle east…

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Oman’s Al Yusr finances Movenpick Hotel

MUSCAT: Al Yusr, the Islamic Banking Window of Oman Arab Bank (OAB), recently hosted the signing ceremony for the financing of the 4-star Movenpick hotel…

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Posted in Education

4th Cambridge Islamic Finance Leadership Programme concludes with huge success

CAMBRIDGE: The 4th edition of Cambridge Islamic Finance Leadership Programme (Cambridge-IFLP) concluded recently with huge success that witnessed participation from around the world. While delegates…

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Dubai’s ArabianChain to create smart contracts for sukuk products

DUBAI: Dubai-based blockchain startup ArabianChain Technology has signed a joint venture with Dubai-and-London-based innovation firm Curiositas to create Wethaq – the world’s first platform for…

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Posted in Education

University highlights importance of Islamic Finance education

KUALA LUMPUR: With the rising importance of Islamic Finance in the global financial services industry, the University of Reading Malaysia is positioning itself to be…

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ADIB, Porsche ink Islamic financing solutions deal

ABU DHABI: Abu Dhabi Islamic Bank (ADIB) has signed an agreement Porsche Middle East and Africa (MEA), a subsidiary of the Volkswagen Group MEA, to…

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KFH full-year 2017 net profit climbs 11.5 per cent

KUWAIT CITY: Kuwait Finance House (KFH) reported an 11.5 per cent surge in full year net profit as financing and investments income rose while expenses…

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BTMU provides $353m Islamic loan to Malaysian Saudi Telecom unit

TOKYO: The Bank of Tokyo-Mitsubishi UFJ has provided an Islamic syndicated loan to a Malaysian affiliate of Saudi Arabia’s state-owned telecom company, Saudi Telecom. The…

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Afreximbank, ICD seal financing agreement on $100m facility

ABUJA: The African Export-Import Bank (Afreximbank) and the Islamic Corporation for the Development of the Private Sector (ICD) have signed a Line of financing agreement…

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Islamic finance becoming attractive even for non-Muslims

KUALA LUMPUR: Islamic finance has traditionally been dominated by Muslim-majority countries in the Middle East and Southeast Asia. Now much of the rest of the…

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Malta positions itself as new centre for Islamic finance in EU

‎VALLETTA:The small European island of Malta in the recent past quietly opened its doors to Islamic banking and finance in an attempt to take on…

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