Islamic Development Bank approves USD 746.2 million loan for Uganda’s railway project
Uganda is raising funds for the 2.7-billion-euro project, which has already won backing from lenders including the World Bank and...
Iran war presses the requirement for Islamic derivatives, says Fitch
Key barriers to the wider adoption of Islamic derivatives include sharia restrictions, infrastructure gaps and OIC's still-evolving financial systems...
Amid headwinds, Islamic banking advocates broader capital distribution
Islamic banks' historical tendency of maintaining a largely domestic and narrow focus often leaves them more exposed during regional crises...
Oman’s Islamic banking reorients itself to financing “Vision 2040” tasks
As per Hussain al Lawati, CEO of the Development Bank, Islamic finance in Oman has transformed from a late entrant...
Amid strong demand, Russia to expand its Islamic banking programme
Russia's Islamic banking pilot initiative relies on leasing, instalment sales, profit-sharing arrangements and asset-backed financing...