Emirates Islamic fosters innovation in Islamic Finance

One of the leading Islamic financial institutions in the UAE, Emirates Islamic, is leading efforts to foster innovation in the workplace. The bank recently organised an ‘Innovation Day’ where various internal teams shared and showcased their innovations with working prototypes, to the bank’s management. Emirates Islamic staff across business units participated in the event, designed […]

Read More

Islamic finance standards spur development of gold, silver products

New standards for the use of precious metals in Islamic finance are encouraging the development of financial products based on gold and silver, from futures contracts to a mobile app. The Bahrain-based Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), which sets guidelines followed in whole or in part by Islamic financial firms around […]

Read More

Islamic financing growth outpaces conventional banks

Islamic financing remains above that of conventional banks on the back of enhanced recognition of Islamic finance and wider adoption of Shariah products, especially in retail. (Reuters file) Islamic financing growth in the UAE has slowed in 2016, but remained above that of conventional banks on the back of enhanced recognition of Islamic finance and […]

Read More

The Opportunities In Islamic Finance: An Old Trade, A New World

One interesting feature about finance is that the financial spectrum is remarkably broad. Indeed, there is a multitude of fields that one could specialise in. Islamic finance is indubitably one of them. Although its recent rise, Islamic finance has been implementing Sharia (Islamic law) to finance for centuries. In the Muslim world, finance differs from the […]

Read More

New Islamic finance guidance on gold emphasises real deal

* To encourage new Islamic finance products using gold * Sukuk, ETFs, trading accounts in development * Guidance also applies to silver-based contracts * Same-day settlement reduces risk, may be less convenient * AAOIFI plans workshops for wholesale gold market By Bernardo Vizcaino Islamic finance experts have developed new rules for gold transactions, they said […]

Read More

Sukuk maintains positive outlook; undeterred by continued slowdown

Thomson Reuters has released the findings of its fifth consecutive Sukuk Perceptions and  Forecast study. Despite a bleak 2015, market players remained hopeful for robust year ahead  with expectations of oil-exporting countries in core markets to turn to Sukuk as a primary debt  management tool. Core markets have adapted to ongoing low oil prices, while […]

Read More

Fast growth of Islamic Finance industry calls for robust Shariah governance

Standard & Poor’s believes that in view of the fast growth of the Islamic finance industry robust Sharia governance structures is very important. Generally, internal Sharia auditors have the task of checking whether an Islamic bank’s activity was performed according to the rules set by the institution’s Sharia board. While this model has provided an […]

Read More

Government incentives boost Pakistan’s Islamic banks

* Pakistan adopted tax rebate for sharia-compliant manufacturers * Banker sees signs of higher demand for Islamic financing By Bernardo Vizcaino Nov 23 Pakistan’s Islamic banks are introducing new products and adjusting policies to take advantage of government incentives designed to boost growth in the industry. Sharia-compliant banks in the country, the world’s second most […]

Read More
Page 3 of 1812345...10...Last »