How an ancient Birmingham king inspired local to make Midlands home of Islamic finance
According to Moseley businessman, non-Muslims are increasingly turning to Islamic finance
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📰 Islamic Finance News
Stay updated with the latest news and insights from the world of Islamic finance and banking
Islamic finance dialogue highlights Syariah governance
The importance of a well-structured Syariah governance framework in approving financial products and services and in overseeing daily operations was emphasised by Managing Director of Brunei Darussalam Central Bank (BDCB) Hajah Rokiah binti Haji Badar during the Islamic Finance Syariah Dialogue 2024...
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Bangko Sentral, ADB urge Indonesian, Malaysian finance sectors to invest in PH Islamic Finance
The Bangko Sentral ng Pilipinas (BSP) and the Asian Development Bank (ADB) encouraged representatives from the Indonesian and Malaysian business sectors to take advantage of Islamic finance opportunities in the Philippines. During roadshows held in Kuala Lumpur (KL) recently, both the BSP and the ADB highlighted the Philippines’ readiness to accept investments for and grow […] The post Bangko Sentral, ADB urge Indonesian, Malaysian finance sectors to invest in PH Islamic Finance appeared first on Malaya Business Insight.
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International conference focuses on Islamic finance
Universiti Islam Sultan Sharif Ali (UNISSA), through its Faculty of Islamic Economics and Finance (FEKIm), solidified its international standing by co-hosting the 12th ASEAN International Conference on Islamic Finance (AICIF) in Cagayan De Oro, Philippines recently. This year’s conference was hosted...
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Islamic finance contracts: SECP to introduce alternate dispute resolution mechanism
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will introduce an alternate dispute resolution (ADR) mechanism for Islamic finance contracts to promote the concept of out-of-court settlement which shall include mediation, arbitration, and neutral evaluation. Senior SECP officials told media on Friday that the move is a part of strategic action plan 2024-26 to develop Islamic finance in the non-bank financial sector. The primary objective is to propose a specialised ADR mechanism that aligns with Shariah principles and rules, providing a Shariah-compliant, efficient, and effective means of resolving disputes, thereby enhancing stakeholder confidence in the Islamic finance sector. “Traditional legal systems and courts may not always fully align with Islamic principles, potentially leading to outcomes that are not acceptable under Shariah. An ADR mechanism designed for Islamic finance contracts can ensure that dispute resolutions adhere strictly to these principles,” officials explaine
Doha Islamic Finance Conference Explores Innovations, Future Trends Tuesday
Doha, April 01 (QNA) - The 11th Doha Islamic Finance Conference, set to take place in Doha on Tuesday,
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11th Doha Islamic Finance Conference to Kick Off Tuesday
Doha, April 06 (QNA) - The 11th Doha Islamic Finance Conference will commence on Tuesday, under the theme "Integration of Blockchain and AI: The Future of Islamic Finance."
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CDNS targets Rs40bn in Islamic finance in FY25-INP
Qudsia Bano In a move to further strengthen Pakistan’s Islamic finance ecosystem, the Central Directorate of National Savings (CDNS) has set an ambitious target of Rs40 billion in Islamic finance investments for the fiscal year 2024-25. This follows the successful mobilisation of Rs22 billion in th...
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Eleventh Doha Islamic Finance Conference Kicks Off
Doha, April 08 (QNA) - The 11th Doha Islamic Finance Conference kicked off Tuesday under the theme "Integration of Blockchain and AI: The Future of Islamic Finance,"
Explained: Is crypto Shariah-compliant? Binance launches Islamic finance-aligned investment platform
TL;DR What: Binance has launched Sharia Earn, a crypto staking platform structured under Islamic finance principles.Why: Certified Shariah-compliant by Amanie Advisors under AAOIFI standards.How: Uses wakala contracts to avoid riba (interest), gharar (excessive uncertainty), and prohibited sectors.W...