Stay updated with the latest news and insights from the world of Islamic finance and banking
The National Directorate of National Savings (CDNS) has entered in the Islamic finance market in the current month of May 2022, and will now offer Islamic finance to its customers. In this regard, National Savings will now work on Islamic Sharia bonds and certificates to give opportunities in Islamic finance to their customers, the senior […]
The Securities and Exchange Commission of Pakistan (SECP) has issued its first ‘Islamic Finance Bulletin’ for the financial year 2022-23, aimed at providing up-to-date data, insights into new developments, and a deeper understanding of regulatory reforms in the Islamic financial services industry. The Islamic Finance Bulletin additionally, it provides essential information on the Islamic financial […]
The Central Directorate of National Savings (CDNS) has secured Rs 55 billion in Islamic finance bonds by January 22, of the current fiscal year 2023–24. “The National Savings has issued Islamic bonds for the promotion of the Islamic finance system, which will help the development of the Islamic economy in the country,” a senior official […]
Modern, paperless service disrupts traditional British Islamic finance. Attractive investment proposition for UAE-based Britons, family offices or other investors with a preference for bricks and mortar as a halal place to invest, with demand outstripping supply in the UK. Offa, the UK’s first Shari’ah-compliant bridge finance fintech, has today launched an innovative new buy-to-let finance […] Follow on Twitter @DubaiChronicle
Bank Islam Brunei Darussalam (BIBD) reinforced its dedication to the growth of Islamic finance and capacity building both in Brunei Darussalam and internationally by sponsoring and participating in the Islamic Leaders Conference (ILC) 2024, held at Menara Syariah in Jakarta, Indonesia. The event, or...
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA — Astana International Financial Centre (AIFC) presented the Islamic Finance Country Report, prepared under the technical assistance of the Islamic Development Bank by CSQ law, during Astana Finance Days 2024. Kazakhstan’s strengths include a favorable legal environment supported by AIFC initiatives, a growing economy, infrastructure development plans, and a significant Muslim population, reported AIFC… The post AIFC Presents Islamic Finance Country Report appeared first on The Astana Times.
MANILA, Philippines A survey by the Asian Development Bank (ADB) has revealed that 78 percent of Filipinos are interested in Islamic financial services if made available in the country, reflecting strong market curiosity about its potential benefits compared to conventional banking. In its latest...
ISLAMABAD: The Strategic Action Plan of the Securities and Exchange Commission of Pakistan (SECP) aims to enable Islamic finance across all regulated sectors under the purview of SECP by December 2026. The SECP has approved a Strategic Action Plan 2024-2026 to facilitate the growth and development of Islamic finance in non-bank financial sectors. The plan was prepared by the SECP’s apex committee chaired by Mujtaba Ahmed Lodhi, Commissioner-SCD, established in 2023 with representation from the Pakistan Stock Exchange (PSX), Central Depository Company (CDC), National Clearing Company of Pakistan Limited (NCCPL), SECP policy department heads, and industry experts. This collaborative effort aimed to create a comprehensive roadmap for Islamic finance growth aligning with the recent 26th Constitutional Amendment, which mandates the elimination of Riba by January 1, 2028. This Strategic Action Plan aims to enable Islamic finance across all regulated sectors under the purview of SECP by December 2026. Subs
ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) has issued a concept paper to introduce an alternate dispute…
Doha, April 09 (QNA) - The Doha Islamic Finance Conference recommended the development of a Shari'ah-compliant regulatory framework for blockchain and AI applications
