Islamic Archives - Page 2 of 3 - International Finance

The treatment of qard in takaful

International Finance DeskNovember 5, 2015

by International Finance DeskNovember 5, 2015

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...

Finance Islamic Banking

Islamic finance and the halal industry

International Finance DeskMarch 31, 2015

by International Finance DeskMarch 31, 2015

There is great potential for correlation between the two Camille Paldi March 31, 2015: The word halal is derived from the Arabic verb Halla, which means to be or become lawful, legal, legitimate, permissible, allowed, admissible, un-prohibited, or unforbidden. Halal is simply that which Allah and the Prophet Muhammad (Pbuh) have allowed to be done...

Finance Islamic Banking

Japan has Islamic finance in the pipeline

International Finance DeskMarch 9, 2015

by International Finance DeskMarch 9, 2015

The sword exterior and chrysanthemum interior of Japan is quite conducive to the soft interior of Islamic finance Camille Paldi March 9, 2015: Japan is an emerging Islamic finance powerhouse and East Asian hub for the billion dollar Islamic finance industry. Naoki Nishida, President and CEO of Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad, explains the...

Finance Islamic Banking

‘The challenge in Indonesia is lack of understanding’

International Finance DeskFebruary 24, 2015

by International Finance DeskFebruary 24, 2015

Ciptadana Asset Management on the Sharia investment opportunity in the country with the largest Muslim population in the world February 24, 2015 Indonesia has the largest Muslim population in the world. How is the Sharia Fund doing in the country? The first Sharia Mutual Fund in Indonesia was launched in 1997 and the Jakarta Islamic...

Business Leaders

Giving back to society

International Finance DeskJanuary 19, 2015

by International Finance DeskJanuary 19, 2015

Because it’s the right thing to do January 19, 2015: In the first of a regular column, Jonathan Freeman,Managing Director of HRH The Prince of Wales’s charitable mentoring initiative Mosaic (www.mosaicnetwork.org.uk),writes about the benefitsmentoring can bring to corporations and businesses as well as the personal rewards fortheir employees. Founded by HRH The Prince of Wales,...

Finance Islamic Banking

Islamic insurance: The next global trend

International Finance DeskJanuary 13, 2015

by International Finance DeskJanuary 13, 2015

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...

Islamic Banking

For Luxembourg, €200mn bond was just a start

International Finance DeskDecember 17, 2014

by International Finance DeskDecember 17, 2014

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...

Islamic Banking

The dispute resolution conundrum of the Islamic finance industry

International Finance DeskDecember 12, 2014

by International Finance DeskDecember 12, 2014

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...

Islamic Banking

Market for takaful in Europe is looking brighter

International Finance DeskNovember 28, 2014

by International Finance DeskNovember 28, 2014

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...

Fintech

Islamic finance must embrace technology faster

International Finance DeskNovember 27, 2014

by International Finance DeskNovember 27, 2014

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...