More sovereign sukuk on the way
This was the opinion of delegates at the IFM’s summit on Islamic finance - Tim Evershed...
Category : Islamic Banking
Islamic funds are not just an alternative
Their success is turning them into a source of competition for the conventional funds industry Camille Paldi September 22, 2015: More than 750 Islamic Investment Funds have been established around the world with assets under management (“AUM”) totaling approximately $60 billion compared to 70,000 conventional funds with AUM of $19trillion. Currently, a wide variety of...
IFM – OMAN SME SUMMIT – September 13-14
Over 50% fail within five years, which is a drag on efforts by the Gulf nation to diversify its oil & gas based economy His Highness Al Sayyid Dr. Adham Turki Al Said arriving at the venue flanked by Abdul Hakeem Omar Al Ojaili and His Excellency Dr. Ali Saud Al-Bemani His Highness Al...
DP world launches Sukuk in LSE
Becomes the fourth Sukuk bond to have launched this year May 31, 2016: DP World on 27th May launched $1.2 billion Sukuk bond in London Stock Exchange (LSE). It now becomes the fourth Sukuk to be launched this year in LSE. This follows the first ever Sukuk from Islamic Corporation for the Development of the...
Non-banking financial companies leading the way in India
An update on the status of Islamic finance in India Camille Paldi April 22, 2016: India is a continent full of entrepreneurs, accountants, lawyers, IT practitioners, bankers, finance professionals and more, and is projected to become one of the two largest economies alongside China in this century. Although operating in a caste system with a...
Oman’s appetite for Islamic finance products is growing
Islamic banking assets in the Gulf nation are projected to reach 10% of total banking assets by 2018 Camille Paldi March 31, 2016: In the Oman Vision 2020 framework issued by the government, the country proclaimed that it is determined to reduce its dependency on oil revenues through diversification of the economy. Al Maha Financial...
The global route for Islamic banks
Revamping IT architecture will be transformative for Islamic banks in 2016 Hans Tesselaar January 22, 2016: One of the fastest growing divisions of the international finance industry today is Islamic banking. The industry, mostly hailing from the Middle East, is estimated to value in excess of $1.48 trillion. Look ahead further into 2016 and we...
No-interest finance and its benefits
Review of The Art of Islamic Banking and Finance (2014) by Dr. Yahia Abdul-Rahman Camille Paldi January 7, 2016: This book is a fascinating account of the journey of Dr. Yahia Abdul-Rahman and his family from Egypt to America in 1968 in his pursuit of several MA degrees and a PHD. It also offers a...
Must read for aspiring Islamic banking professionals
Review of Islamic Capital Market, Equity and Sukuk (2014) by Dr. Muhammad Hanif, Associate Professor, FAST School of Management, Islamabad Camille Paldi December 2, 2015: This scintillating and succinct book is a refreshing, intellectual journey into the heart of Islamic equity complete with an overview of different types of sukuk and explanation of relevant sukuk...
The treatment of qard in takaful
The operator plays an important role that the management of a conventional mutual does not in the event of a periodic deficit Camille Paldi November 5, 2015: Takaful or Islamic insurance is a booming industry around the world. In fact, many Western insurance companies already engage in the takaful business in the Middle East and...