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. »
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. »
Government supported push to position Istanbul as a gateway connecting the Middle East, Europe and Asia is gathering pace. »
A case being heard at London's High Court will shine a light into the dark corners of Islamic financing gone wrong. »
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. »
Kuwait Finance 5.8% profit rate seems high when compared to recent HSBC Amanah MYR sukuk which was priced at 4.24%. »
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. »
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... »
This document produced by the Office of the Revenue Commissioners, Ireland presents the Republic of Ireland tax treatment of Islamic Financial Transactions. »
Khazanah is looking to sell a tranche of "feel-good" Islamic bonds, as it capitalizes on the demand for Shariah-compliant financial products. »