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Islamic banks still struggling to make inroads in Lebanese marketFrom Dilystar.com.lb: The Central Bank’s first vice governor, Raed Charafeddine, said Thursday that Islamic banks should have played a more active role in raising public awareness in Lebanon on the benefits of this industry as its assets represent less than 1 percent ($251 million) of the total assets of Lebanese conventional banks. (more...) Email Add Comments More stories about: Banking, Emerging Trends
Islamic banking industry shows rich potentialFrom Kaleejtimes.com: The Islamic banking industry in the GCC is expected, in general, to remain strong moving forward, growing by 15 to 20 percent year-on-year in 2010, according to a banking and finance expert. (more...) Email Add Comments More stories about: Banking, Emerging Trends, Research
Islamic banking back on trackFrom Aiasentinel.com: Despite debt problems in Dubai and Kuwait, the Islamic bond market resumes growth. A year after Dubai's monster debt problems sent shockwaves though the sukuk (Islamic bond) world, sukuks are thriving again and with them Malaysia's role as the center of gravity of international Islamic finance. (more...) Email Add Comments More stories about: Banking, Performance
Islamic banking - time to act!From Bi-me.com: The global financial crisis has put an end to the heydays of growth in the banking sector and the current market outlook suggests that these days are not returning quickly. Islamic banks, which traditionally grew faster than their conventional peers, are also affected. (more...) Email Add Comments More stories about: Banking, Market Moves
Islamic banks increasingly outsourcing Shariah supervisionFrom Thepeninsulaqatar.com: Bankers in Islamic finance are increasingly outsourcing Shariah supervision due to a lack of scholars in the industry, but critics say this is making the sector even less transparent and slowing its development. (more...) Email Add Comments More stories about: Banking, Emerging Trends, Islamic Law / Economics
International Bank of Azerbaijan plans to launch Islamic Banking service in 2011From Abc.az: International Bank of Azerbaijan proceeds introduction of Islamic Banking services. "The project on introduction of Islamic banking products and services in IBA’s activities is being realized successfully. Up to date, the IBA management adopted a concept including introduction and development of Islamic banking in the Bank. (more...) Email Add Comments More stories about: Banking, Market Moves
TuranBank fastens process of ‘Islamic Banking Window’ useFrom Abc.az: Following the module of the “universal banking”, Azerbaijan’s TuranBank also one of few banks in the country implementing elements of corporate finance for Sharia principles. (more...) Email Add Comments More stories about: Banking, Market Moves
ITFC funds a credit line of $1.3 mln for Azerbaijan’s TuranBankFrom Abc.az: International Islamic Trade Finance Corporation (ITFC, Islamic Development Bank Group) a credit line for Azerbaijan’s TuranBank for support of trading operations in non-oil sector, including the private sector, which serves as the development of small and medium businesses. (more...) Email Add Comments More stories about: Banking, Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort
End to Sukuk freeze spurs Pakistan fund buyingFrom Bloomberg: Pakistan’s largest Shariah funds plan to bid for the 80 billion rupees ($934 million) of Islamic debt the government will offer in coming weeks after a 14-month suspension of sales. (more...) Email Add Comments More stories about: Bonds (Sukuk), Market Moves
Sudan, Albaraka, IDB, Pakistan plan sales: Islamic bond alertFrom Bloomberg: The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest. (more...) Email Add Comments More stories about: Bonds (Sukuk), New Launches
Rizwan Kanji, debt and sukuk specialist, joining King and SpaldingFrom Ameinfo.com: Rizwan Kanji, a leading debt capital markets practitioner, is joining King & Spalding as a partner in its Dubai office. Kanji will have a leading role in King & Spalding's debt capital markets and sukuk practice. (more...) Email Add Comments More stories about: Market Moves, People
Sukuks making strong comebackFrom Gulfnews.com: Global Islamic bond (sukuk) issuance hit Dh144 billion ($39 billion) in the first ten months of the year with total issuance in October alone surpassing $5.3 billion, according to the latest data from Zawya's sukuk database. (more...) Email Add Comments More stories about: Bonds (Sukuk), Performance
Islamic finance turns to women scholarsFrom Maktoob.com: When Malaysian Aida Othman signed up for the new law programme at the Islamic university, she did not expect to become one the few women with their hands on the levers of the world's $1 trillion Islamic finance sector. (more...) Email Add Comments More stories about: Emerging Trends, Finance
Tamweel offers select clients 80pct mortgagesFrom Thenational.ae: Two years ago, Tamweel, the Islamic mortgage company, announced that it would be closing up shop. With average property prices in Dubai falling by more than 50 per cent from their peak in 2008, the company was a casualty of the financial crisis. (more...) Email Add Comments More stories about: Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort, Market Moves
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