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Top three gainers for the fund in April were Conoco Phillips (+19.74%), MTN Group (+16.63%), and Bristol Myer Squibb (+14.00%). »

HMRC Failed Tax Bid A recent tax case in which the UK Tax authorities (HMRC) failed in a legal bid to recover up to £50m in stamp duty demonstrates the complex nature of Islamic financial transactions. Three Court of Appeal judges decided that HMRC had pursued the wrong party for the tax. The purchaser, a firm owned by the Qatar Investment Authority, had used an Ijara structure to fund the purchas... »

In a speech in London, Jaseem Ahmed, Secretary-General of the Islamic Financial Services Board (IFSB), reviewed some of the principal findings of the IFSB Stability Report for 2016. »

Alternative Student Finance Solutions for UK Students To ensure participation and choice are open to all, the UK Government has introduced primary legislation which will, subject to Parliament, allow the Secretary of State to provide alternative student finance consistent with the principles of Islamic finance alongside loans and grants. The Government introduced primary legislation in May 2016 wh... »

China Seeks Islamic Financing and Partnerships for its New Silk Route Giving its take on the recent annual IDB meeting in Jakarta, the Chinese 24-hour English language television channel CCTV News gave its take on the event from a Chinese perspective. The need for more infrastructure investment in IDB member nations was highlighted with possible sources of investment coming from China’s one belt, ... »

The Bank recognises that Islamic banks are currently unable to use the Bank's existing liquidity facilities. In particular, the Sterling Monetary Framework is the mechanism by which the Bank sets interest rates, and interest-based facilities are not deemed Shari'ah compliant. »

The Board of Taxation’s report on Islamic financing released on the same day as the budget noted “access to diverse sources of offshore capital is important in the context of Australia being a net capital importer. »

Christian Faith based finance represents a smaller share of global financial assets than Islamic finance which itself only represents around 1% of total global assets. »

At the TedxLugano 2016 event, independent financial consultant Noor Odeh delivered a Ted talk highlighting the use of Islamic finance as a means to contribute to ethical and sustainable economic development. »