Monday, May 6, 2024

International Finance

Tag : Finance

Finance Islamic Banking

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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Islamic Banking

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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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

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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Fintech

Islamic finance must embrace technology faster

International Finance Desk
by International Finance Desk
Change is the key driving force in a complex global financial ecosystem. This change is mainly based on continuing advances in technology Rosie Kmeid November 27, 2014: Economies worldwide are making a global transformation, in which the information technology industry assumes increasingly greater importance. Indeed, technology is evolving at an amazingly rapid speed. The awe-inspiring...
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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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