Country Profiles

MIFC report: Africa – The Next Frontier

Africa remains a region with relatively untapped potential. The continent is home to more than 1 billion people, and an important source of several key commodities. »

29th May 2015
BLME Revises 2014 Results

Bank of London and Middle East (BLME) is an independent UK bank with strong links to the GCC. It is listed on the NASDAQ Dubai and is the largest Sharia compliant bank in Europe. »

29th May 2015
Istanbul Positioned to be Global Islamic Financial Gateway

Government supported push to position Istanbul as a gateway connecting the Middle East, Europe and Asia is gathering pace. »

28th May 2015
London High Court shines light into dark corners of Sukuk

A case being heard at London's High Court will shine a light into the dark corners of Islamic financing gone wrong. »

28th May 2015
Hong Kong’s emergence as a Islamic Financial Hub

The Hong Kong government has been encouraging more finance activity of Islamic instruments in the city with sukuk issuance. Still, there’s little activity seen in sharia-compliant offerings. »

28th May 2015
Kuwait Finance House Turk Sukuk Seems Priced on High Side?

Kuwait Finance 5.8% profit rate seems high when compared to recent HSBC Amanah MYR sukuk which was priced at 4.24%. »

26th May 2015
Bahrain Faith Mosque

Chief Economist for Bahrain Economic Development Board Dr Jarmo Kotilaine stated globalisation of the industry is a work in progress. Kotilaine stressed that what the market needs more is a significant number of active jurisdictions to ensure the industry lives up to its principles of risk sharing and asset-based financing. »

26th May 2015
Bonki Rushdi Tojikiston signs agreement with the ICD

Bonki Rushdi Tojikiston (BRT) has signed an advisory services agreement with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (“IDB”), in order to process and support its conversion to full Shariah compliant operations. The ICD will dedicate seven key teams across the full conversion process: including in the area... »

26th May 2015
Guidance Notes on the Tax Treatment of Islamic Financial Transactions

This document produced by the Office of the Revenue Commissioners, Ireland presents the Republic of Ireland tax treatment of Islamic Financial Transactions. »

24th May 2015
Khazanah Markets First Malaysian Ethical Sukuk

Khazanah is looking to sell a tranche of "feel-good" Islamic bonds, as it capitalizes on the demand for Shariah-compliant financial products. »

18th May 2015
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