Friday, Dec 5, 2025

International Finance

Category : Islamic Banking

Islamic Banking

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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Islamic Banking

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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Islamic Banking

Market for takaful in Europe is looking brighter

International Finance Desk
by International Finance Desk
The parallels with the mutual sector are helping Tim Evershed November 28, 2014: Takaful insurance can have a bright future in Europe due to its parallels with the mutual sector, according to panellists at International Finance Magazine’s EU Islamic Finance and Banking Summit that took place in London on November 18-19. Non-marine mutual insurance can...
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Islamic Banking

Spike in interest rates could hamper Islamic finance

International Finance Desk
by International Finance Desk
Base rates are at record lows in Europe with the Bank of England having held its rate at 0.5% for five years now Tim Evershed November 26, 2014: A spike in European interest rates could pose a serious challenge to the growth of Islamic finance across the EU. Base rates of interest are at record...
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Islamic Banking

Three Malaysia banks announce merger

International Finance Desk
by International Finance Desk
The combined entity will become South East Asia’s fourth largest commercial lender and Islamic bank IFM Correspondent October 14, 2014: CIMB Group Holdings Berhad, RHB Capital Berhad and Malaysia Building Society Berhad announced on October 9, 2014 that an application has been made to the country’s central bank seeking approval for its proposed three-way merger....
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Islamic Banking

DIB’s ‘Smart Bank’ set to redefine customer service

International Finance Desk
by International Finance Desk
New customers can complete their account opening formalities and walk out with their ATM cards and cheque books within 15-20 minutes July 23, 2014: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has announced the launch of ‘Smart Bank’, in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum’s,...
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Islamic Banking

Scotland –Opening Opportunities For Islamic Finance

International Finance Desk
by International Finance Desk
The Islamic Finance Council UK (IFC), based in Scotland, estimates that an investment of £ 120m and £ 200m could be invested in Scotland for infrastructure products following a successful Islamic Sukuk bond. 24th October 2013 Scotland is emerging itself as a potential hub for Islamic finance following a major conference held by leading Scottish...
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Islamic Banking

What Financial products do Muslim adults want?

International Finance Desk
by International Finance Desk
By Asli DEMIRGÜÇ-Kunt 18th October 2013 “Islamic finance” is a phrase that you hear a lot in development circles these days. Indeed, many policymakers are interested in the potential of Sharia-compliant financial services to expand financial inclusion among Muslims adults. Our colleagues down the street are no exception:  earlier this year the International Finance Corporation...
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Islamic Banking

Singapore to host 4th World Islamic Banking Conference –Asia Summit

International Finance Desk
by International Finance Desk
SINGAPORE will host the fourth edition of the World Islamic Banking Conference: Asia Summit (WIBC Asia), which will bring together more than 480 Islamic finance players and thought leaders under one roof. More than 480 leaders are expected to participate in the World Islamic Banking conference to be held in Singapore from the 3rd to...
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Islamic Banking

Impediments to the Growth of Islamic Finance

International Finance Desk
by International Finance Desk
The Islamic finance sector is estimated to be worth £ 1.2 trillion, and is expected to grow to £ 1.6 trillion by 2015. 13th September 2013 The 9th World Islamic Economic Forum or WIEF would be held from October 29th to 31st at ExCel London in the United Kingdom, first time outside the Muslim world....
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