Dubai Islamic Bank launches its five-year US$1bn sukuk
The issuance as part of the Bank’s US$5bn sukuk programme was subsequently priced at 3.625% profit rate...
Tag : Islamic banking
Islamic Banking regulations approved by the government of Uganda
The Central Bank will soon publish the new approved regulations...
Leading the way in revolutionizing Islamic banking in the digital era
Rosie Kmeid, Vice President - Global Corporate Communications & Marketing at Path Solutions tells us how Islamic banks can stay ahead of the race to become digitilized by using world-class digital solutions provided by Path Solutions...
DIB’s ‘Smart Bank’ set to redefine customer service
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,...
Senegal as the West African Hub for Islamic Finance
Senegal’s attraction to banks rests on its macroeconomic and political stability. Senegal as the West African Hub for Islamic Finance Senegal’s banking system is one of Africa’s most competitive. Yet, there is still lot of scope for it to expand and improve due its steady economic growth and a large unbanked population. If this rise...
Islamic Banking and Profit Fairness
Several scholars today sense the danger that that method of calculating profit represents to the Islamic financial industry as a whole. Islamic finance is a moral financial model based on divine principles, the most important of which is justice. There are many Quranic verses and Hadiths that deal with this, such as: “We sent aforetime...
Islamic Microfinance market size touches $1bn, says CEO of CIBE
Islamic Microfinance is rapidly gaining acceptance in Muslim and Non- Muslim countries due to its remarkable performance in poverty eradication; because of which, this industry is making quick progress. Islamic Microfinance is rapidly gaining acceptance in Muslim and Non- Muslim countries due to its remarkable performance in poverty eradication; because of which, this industry is...
RBI gives nod to NBFC to launch Islamic Finance Operations in Kerala
With an estimated Muslim population of 177 million, India is the largest Muslim minority in the world, but banking rules do not permit to Sharia compliant financing, which forbids the payment of interest. 26th August 2013 The Reserve Bank of India has permitted an NBFC in Kerala to run Sharia compliant finance in the country....
Senegal as the West African Hub for Islamic Finance
Senegal’s attraction to banks rests on its macroeconomic and political stability. Senegal as the West African Hub for Islamic Finance Senegal’s banking system is one of Africa’s most competitive. Yet, there is still lot of scope for it to expand and improve due its steady economic growth and a large unbanked population. If this rise...