Monday, Nov 18, 2024

International Finance

Category : Islamic Banking

Shari’ah law cannot apply to a commercial transaction in UK

International Finance Desk
by International Finance Desk
A look into a case settled in 2004 in the England and Wales Court Of Appeal Camille Paldi April 28, 2015: Beximco Pharmaceuticals Ltd, Bangladesh Export Import Co. Ltd., Mr. Ahmad Solail Fasiuhur Rahman, Beximco (Holdings) Ltd. v. Shamil Bank of Bahrain E.C. [2004] EWCA Civ 19, the defendant Beximco Pharmaceuticals Ltd. and the other...
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Islamic finance and the halal industry

International Finance Desk
by International Finance Desk
There is great potential for correlation between the two Camille Paldi March 31, 2015: The word halal is derived from the Arabic verb Halla, which means to be or become lawful, legal, legitimate, permissible, allowed, admissible, un-prohibited, or unforbidden. Halal is simply that which Allah and the Prophet Muhammad (Pbuh) have allowed to be done...
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Japan has Islamic finance in the pipeline

International Finance Desk
by International Finance Desk
The sword exterior and chrysanthemum interior of Japan is quite conducive to the soft interior of Islamic finance Camille Paldi March 9, 2015: Japan is an emerging Islamic finance powerhouse and East Asian hub for the billion dollar Islamic finance industry. Naoki Nishida, President and CEO of Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad, explains the...
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‘The challenge in Indonesia is lack of understanding’

International Finance Desk
by International Finance Desk
Ciptadana Asset Management on the Sharia investment opportunity in the country with the largest Muslim population in the world February 24, 2015 Indonesia has the largest Muslim population in the world. How is the Sharia Fund doing in the country? The first Sharia Mutual Fund in Indonesia was launched in 1997 and the Jakarta Islamic...
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Only if you have a lot of time on your hands

International Finance Desk
by International Finance Desk
Book review of ‘Takaful Investment Portfolios: A study of the composition of takaful funds in the GCC and Malaysia’ by Mehmet Asutay Camille Paldi February 16,2015: Takaful Investment Portfolios: A Study of the Composition of Takaful Funds in the GCC and Malaysia provides an explanation and analysis of the investments of takaful funds in the...
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Islamic insurance: The next global trend

International Finance Desk
by International Finance Desk
Takaful is about risk-pooling while proprietary insurance is concerned with risk transfer Camille Paldi January 13, 2015: Takaful, or Islamic insurance, is a cooperative scheme, where in the participants pay a premium in the form of donation, or tabarru, in a common pool in return for the ability to draw upon that pool upon a...
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Why the confidence in sukuk offerings

International Finance Desk
by International Finance Desk
Among other things, sukuk compliant to Basel III norms has formed an alternative source of finance for institutions that face difficulties in raising capital through stock issuance Dr. Heba Abou-El-Sood and Dr. Marwan Izzeldin January 8, 2015: In 2014, Britain became the first non-Muslim country to issue ‘sukuk‘, an Islamic financial instrument equivalent to a...
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For Luxembourg, €200mn bond was just a start

International Finance Desk
by International Finance Desk
The Grand Duchy has a long history of working with the Islamic sector, but is not content to rest on its laurels Tim Evershed December 17, 2014: The government of Luxembourg is ready to help Islamic finance move into the mainstream financial markets with a raft of initiatives. The Grand Duchy has a long history...
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The dispute resolution conundrum of the Islamic finance industry

International Finance Desk
by International Finance Desk
The industry cannot survive without solid and uniform regulation, a unique and independent dispute resolution framework and a bankruptcy court Camille Paldi December 12, 2014: As we hear news of the rapid growth of the Islamic finance industry with billion dollar banks, huge dollar sums of Islamic assets, sukuk issuances and the expansion of Islamic...
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Aafaq launches Happy Customer initiative

International Finance Desk
by International Finance Desk
This will facilitate payment of government fees, among other things IFM Correspondent December 3, 2014: With an aim to facilitate the payment of government fees, Sheikh Faisal Bin Saud Al Qassimi, managing director, Aafaq, launched a first of its kind initiative called Happy Customer. “The launch of the initiative comes in line with smart government...
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