Islamic

Islamic banking and finance on the rise

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via Pakistan Observer: The index is a benchmark survey revealing the progress, penetration and perception of the Shari’ah-compliant banking sector in the UAE, as well as the future intentions of the nation’s banking customers. Findings demonstrate that Islamic banks are outperforming their conventional peers in customer acquisition—55 per cent of the …

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Malaysia’s Islamic banking industry will achieve 40% market share by 2020, says AIBIM

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via THE EDGE MARKETS: KUALA LUMPUR (Sept 25): With the introduction of value-based intermediation (VBI) by Bank Negara Malaysia (BNM) in 2017, the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) is confident the central bank’s target for the local Islamic banking industry to have 40% market share in total …

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Islamic finance is gaining a foothold across Africa

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via Quartz Africa: Islamic finance is rapidly growing across Africa, with investors, governments, and financial institutions increasingly leveraging its potential for both financing and development. Since 2014, $2.3 billion in sukuk, or Sharia-compliant bonds, have been issued in the continent, notes a briefing from ratings and financial agency Moody’s. There has …

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Islamic Finance to Continue Outshine Conventional Banking: Moody’s

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via New Straight Times: KUALA LUMPUR: The growth of the Islamic finance sector will continue to outshine the conventional assets across core Islamic finance markets in coming years, Moody’s Investors Service said. It pointed out that the demand for Shari’ah-compliant financial instruments continue growing with Islamic banking penetration in the …

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Islamic Banking Discourages Financial Speculation — Expert

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via Vanguard : ISLAMIC Banking has the capacity to discourage financial speculation, enhance job creation and boost economic development. Managing Director/Chief Executive, Islamic Banking and Finance Institute of Nigeria (IBFIN), Sani Aminu, stated this in Lagos at a sensitisation workshop for journalists on Fundamentals of Islamic Economics, Banking and Finance. He …

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