Islamic consumer spending to exceed $3.7 trillion in 2019
Global spending of Muslim consumers on food and lifestyle sectors grew 9.5 per cent last year according to the State…
Islamic Finance
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Turkey’s State-Run Halkbank Applies to Start Islamic Bank Unit
Turkey’s largest publicly listed state lender applied for permission to start an Islamic banking affiliate, as the government pushes to…
Shaikh Esam wins top WIBC award
The "World Islamic Banking Conference 2014 Industry Leadership Award" has been bestowed on renowned Sharia scholar Shaikh Esam Ishaq. …
Sukuk for vaccine fund ushers Islamic finance into ethical sphere
The latest entrant into Islamic finance is leading the industry in the new direction of socially responsible investment - which…
Bahrain to develop central shariah board for Islamic banks
Bahrain's central bank is setting up a central sharia board to help oversee Islamic finance products in the kingdom and…
Saudi Arabia and Malaysia: Key driving markets for Islamic banking
Islamic banking assets with commercial banks in international markets are set to exceed $778 billion in 2014, according to EY’s…
ICD receives Best Private Sector Award on development fund
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank…
Deloitte launches the 2014 Takaful Insurance Report in Islamic Finance
Despite the global Takaful insurance market exhibiting impressive double digit growth of 18% over the period 2007-2012, the regulatory environment…
International Islamic banking assets with commercial banks set to exceed US$778b in 2014
According to EY's World Islamic Banking Competitiveness Report 2014-15: Participation Banking 2.0, Islamic banking assets with commercial banks in…
Islamic finance sector facing key challenges
Islamic financial institutions are experiencing a major phase of transformation, Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj has…
ITF CEO Says Turkey Will Be Future Hub For Islamic Finance
CEO of the International Islamic Trade Finance Corporation, Dr. Waleed al-Wohaib, told Daily Sabah that Turkey’s financial ‘pragmatism’ could help…
Bahrain's GFH plans asset manager purchases with new debt -CEO
Bahrain's Gulf Finance House (GFH) is in talks on buying two asset management firms for a total of up to…