Saturday, Nov 28, 2020
International Finance

Tag : Islamic

Islamic Banking

UK Islamic finance body joins hands with international law firm CMS

CMS has extensive experience in delivering Islamic finance regulatory advisory projects in multiple jurisdictions March 15, 2017: The Islamic Finance Council UK (UKIFC) and international law firm CMS have announced an innovative partnership to help develop, support and optimise Islamic finance frameworks across the world. The aim is to offer a single, cohesive legal, advisory...
Banking

Challenges for Islamic finance in the USA

The biggest challenge is the First Amendment of the US Constitution Camille Paldi  March 14, 2017: With proper regulation, legislation, and dispute resolution, Islamic finance, sukuk (Islamic bond) and takaful (Islamic insurance) have tremendous possibilities in the United States at this moment in time. Modes of Islamic finance, including musharakah, mudharabah, murabahah, tawarruq, salam, and istisna’a, can enhance the capitalist performance of...
Finance Islamic Banking

Islamic funds are not just an alternative

International Finance Desk
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...
Finance Islamic Banking

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...
Finance Islamic Banking

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...
Banking

BisB rights offer 100% subscribed

Message from bank CEO Hassan Amin Jarrar February 11, 2016: Bahrain Islamic Bank (BisB) announced the final result of the subscription in the capital increase offered during the period from 15th November to 29th November 2015 with 100% being subscribed. Total number of shares offered for the existing shareholders was 170,940,171 ordinary shares. Total shares subscribed were...
Finance Islamic Banking

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...
Finance Islamic Banking

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...