Friday, Dec 5, 2025

International Finance

Category : Islamic Banking

Islamic Banking

Senegal as the West African Hub for Islamic Finance

International Finance Desk
by International Finance Desk
Senegal’s attraction to banks rests on its macroeconomic and political stability. Senegal as the West African Hub for Islamic Finance Senegal’s banking system is one of Africa’s most competitive. Yet, there is still lot of scope for it to expand and improve due its steady economic growth and a large unbanked population. If this rise...
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Islamic Banking

Boom Times for Islamic Education

International Finance Desk
by International Finance Desk
The object of the Islamic economic system is to secure the widest and most beneficial distribution of wealth through institutions, set-up by it and through moral exhortation. Muslims worldwide abide strictly by the teachings of their founder Muhammad, who led his life as a humble merchant and was a “trustworthy one” by all those who...
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Islamic Banking

Islamic Finance a Global Alternative for Socially Responsible Investment

International Finance Desk
by International Finance Desk
The Rise of Socially conscious consumers, entrepreneurs and Leaders in the U.S who expect business to play an ethical role in generating social good is the reason for the increase in the performance of Islamic Banking. Islamic finance is certainly the fastest growing segments of international financial markets. While the U.S. relationship with the Islamic...
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Islamic Banking

Islamic Banking and Profit Fairness

International Finance Desk
by International Finance Desk
Several scholars today sense the danger that that method of calculating profit represents to the Islamic financial industry as a whole. Islamic finance is a moral financial model based on divine principles, the most important of which is justice. There are many Quranic verses and Hadiths that deal with this, such as: “We sent aforetime...
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Islamic Banking

Could Ratings Help Boost Transparency in the Trillion-Dollar Islamic Finance Market?

International Finance Desk
by International Finance Desk
Those involved in Islamic finance readily agree the 40-year-old market has reached a juncture where it must develop further transparency to address concerns about the security of its products. When Dubai’s biggest investment conglomerate, Dubai World, stunned markets last November with a request to freeze repayments on $26 billion in debt, the upstart Gulf emirate...
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Islamic Banking

Role of Shariah in Equity Based Financing

International Finance Desk
by International Finance Desk
The issue of how Shariah can support the development of equity-based financing is one that affects the growth of the industry. The issue of how Shariah can support the development of equity-based financing is one that affects the growth of the industry, said a much sought-after Shariah scholar of Islamic finance. “Since the inception of...
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Islamic Banking

Islamic Microfinance market size touches $1bn, says CEO of CIBE

International Finance Desk
by International Finance Desk
Islamic Microfinance is rapidly gaining acceptance in Muslim and Non- Muslim countries due to its remarkable performance in poverty eradication; because of which, this industry is making quick progress. Islamic Microfinance is rapidly gaining acceptance in Muslim and Non- Muslim countries due to its remarkable performance in poverty eradication; because of which, this industry is...
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Islamic Banking

RBI gives nod to NBFC to launch Islamic Finance Operations in Kerala

International Finance Desk
by International Finance Desk
With an estimated Muslim population of 177 million, India is the largest Muslim minority in the world, but banking rules do not permit to Sharia compliant financing, which forbids the payment of interest. 26th August 2013 The Reserve Bank of India has permitted an NBFC in Kerala to run Sharia compliant finance in the country....
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Islamic Banking

RBI gives nod to NBFC to launch Islamic Finance Operations in Kerala

International Finance Desk
by International Finance Desk
With an estimated Muslim population of 177 million, India is the largest Muslim minority in the world, but banking rules do not permit to Sharia compliant financing, which forbids the payment of interest. 26th August 2013 The Reserve Bank of India has permitted an NBFC in Kerala to run Sharia compliant finance in the country....
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Islamic Banking

Dubai to Host Global Islamic Economy Summit 2013

International Finance Desk
by International Finance Desk
Industry experts will focus on six major pillars of the Islamic economy which includes Islamic finance, Halal Food, Halal Lifestyle, Halal Travel, Islamic Infrastructure and SME Development. 17th August 2013 Dubai Chamber of Commerce and Industry in partnership with Thomson Reuters, is organizing the first Global Islamic Economy Summit in Dubai on November 25-26th. “With...
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