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Tag: Islamic banking

Bahrain: Industry Stalwarts set to headline the 24th World Islamic Banking Conference

| 04/12/2017 | Reply
Bahrain: Industry Stalwarts set to headline the 24th World Islamic Banking Conference

“Drivers of Economic Growth & Risks: Policymakers & Regulators”, is in line with the conference’s steady vision to serve as a compass for the global Islamic finance and banking industry.

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UAE: Finocracy adds Ernst & Young heavyweight to accelerate FinTech agenda

| 19/09/2017 | Reply
UAE: Finocracy adds Ernst & Young heavyweight to accelerate FinTech agenda

A group of prominent investors led by Ashar Nazim have acquired a significant stake in Finocracy. Ashar was formerly senior partner and the global head of Islamic banking practice at EY.

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Some Banks Win, Some Lose In Dubai’s “Islamic Economy”

| 19/04/2015 | Reply
Some Banks Win, Some Lose In Dubai’s “Islamic Economy”

Dubai’s drive to develop its Islamic finance sector is fuelling growth of sharia-compliant banking but the benefits are unevenly distributed.

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Opinion: Could Islamic finance save capitalism?

| 05/12/2014 | Reply
Opinion:  Could Islamic finance save capitalism?

Is there a place for ethics and morality in the global economy? Should we continue to rely on governments to tweak at the margins of financial regulation.

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Dubai: Noor Islamic Bank Rebrands

| 08/01/2014 | Reply
Dubai: Noor Islamic Bank Rebrands

Dubai-based Noor Islamic Bank has rebranded itself, removing the Islamic from its name. The lender, now called Noor Bank, will continue to offer shari’a compliant products.

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UAE falafel chain to IPO on Nasdeq Dubai

| 19/09/2013 | Reply
UAE falafel chain to IPO on Nasdeq Dubai

Just Falafel, a United Arab Emirates-based franchise restaurant offering the traditional Arab food, has hired an advisor to help arrange an initial public offer of shares on the Nasdaq Dubai bourse as soon as October.

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UAE: Dubai Islamic Bank becomes first Islamic bank to issue Visa Signature Cards

| 28/08/2013 | Reply
UAE: Dubai Islamic Bank becomes first Islamic bank to issue Visa Signature Cards

Dubai Islamic Bank (DIB) has announced that it will be the first Islamic bank in Central Europe, Middle East & Africa (CE.MEA) to issue all of its priority and premier customers with Visa Signature Debit Cards.

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First Initiative to launch Islamic Banking in Uzbekistan

| 12/02/2013 | Reply
First Initiative to launch Islamic Banking in Uzbekistan

Uzbekistan is an important Central Asian country with a population of 30 million; out of them 96% population are Muslim. Uzbekistan will prove to be a large market for Islamic banking in near future and there is a huge potential for other Central Asian countries to benefit as well.

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Thailand: IBank sets sights on halal export loans

| 27/06/2012 | Reply
Thailand: IBank sets sights on halal export loans

The Islamic Bank of Thailand (IBank) plans to increase its focus on halal food exports, with a target of 3 billion baht in loans for the industry this year. The target is a 50% increase from last year.

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IDB ready to fund Oman’s Islamic banking sector

| 14/02/2012 | Reply
IDB ready to fund Oman’s Islamic banking sector

Islamic Development Bank (IDB), an international financial institution based in Jeddah, Saudi Arabia, is ready to provide equity capital to Oman’s upcoming Islamic banking industry, development projects in the sultanate and private-sector businesses.

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Opinion: Is Islamic Finance ready for more standardisation?

| 02/01/2012 | Reply
Opinion: Is Islamic Finance ready for more standardisation?

One Islamic Finance consultant based in Dubai blames some banks for not operating in an Islamic way at all but “running a Shariah-bank with a conventional window”. Other professionals are outraged that some financial firms try to develop Islamic derivatives or even Islamic hedge funds despite the fact that Shariah bans interest, short-selling and speculation.

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Malaysia: CIMB Islamic to add 19% to group loans

| 06/09/2011 | Reply
Malaysia: CIMB Islamic to add 19% to group loans

“We are looking for credible companies with credible business plans. If they fulfill all the relevant requirements, we will support them whether in the Halal industry or anywhere else,” CEO Badlisyah Abdul ghani said after the signing ceremony between Majlis Amanah Rakyat and Shapers (M) Sdn Bhd yesterday to collaborate on the Halal Fiesta (Halfest).

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Malaysia To Continue Championing For Equitable Market

| 13/06/2011 | Reply
Malaysia To Continue Championing For Equitable Market

International Trade and Industry Deputy Minister Datuk Mukhriz Mahathir, who is attending the WEF on East Asia in Jakarta, said Malaysia was seeking its ‘blue ocean’ with the halal industry which was not limited to the food sector but also encompassed banking, transportation, cosmetics and medicine.

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Qatar: Qatar emulates Malaysia on Islamic banking

| 08/02/2011 | Reply
Qatar: Qatar emulates Malaysia on Islamic banking

Qatar, in requiring banks from HSBC Holdings Plc to Doha Bank QSC to close units offering Syariah- compliant services, is emulating Malaysia, the world’s biggest market for Islamic debt.

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