Islamic finance industry | Blog

The 3rd Annual World Islamic Banking Conference: Asia Summit Set to Begin on the 5th of June in Singapore

May

2012

More than 450 key players and thought leaders in the international Islamic finance industry will be gathering on the 5th and 6th of June 2012 at the Grand Hyatt in Singapore for the 3rd Annual World Islamic Banking Conference: Asia Summit, which is convened with the support of the Monetary Authority of Singapore. Speaking ahead of the event, ...

World Islamic Banking Conference: Asia to open 5 June

May

2012

Asia 2012 will gather more than 450 industry leaders for discussions on strengthening international connectivity and capturing cross-border opportunities in the Islamic finance industry. Ahead of the event, Badlisyah Abdul Ghani, Executive Director / Chief Executive Officer, CIMB Islamic Bank Berhad, said, “Key markets in Asia and the Middle East are now witnessing rapid growth ...

Auditing body unveils 7 Shariah standards

May

2012

The Accounting and Auditing Organisation for Islamic Financial Institutions, or AAOIFI, announced on Wednesday new seven Shariah standards in Dubai. The new standards include; Financial Rights and its Management, the Regulations of Liquidity Management, Bankruptcy, Capital and Investment Protection, Agency in Investment, Calculation of the Profit Transactions and Options of Trust. The new standards shall ...

The rise of Islam

May

2012

The UK has 22 banks that offer Islamic products, far more than any other other country in the Western world.There has been much debate about the Arab Spring in the past 12 months, with the world’s eyes watching what this will mean for the rest of the globe. At its very heart lies individual and ...

Egypt Prepares to Sell $2 Billion Islamic Bonds – Scholar

Feb

2012

DUBAI – The Egyptian government, seeking to head off a funding crisis, is preparing to raise about $2 billion through its first issue of Islamic bonds, an Islamic scholar familiar with its planning said on Tuesday. “The Egyptian government is convinced that a foreign currency sukuk will fund the country’s development projects and can also ...

Event to shed light on latest trends in Islamic finance

Jan

2012

MUSCAT: Under the patronage of Darwish bin Ismail bin Ali Al Balushi, minister responsible for financial affairs, the Sultanate of Oman will host the first ‘Islamic Finance & Banking Conference’, from January 23 to 24, at Al Bustan Palace Hotel, here. The event, organised by Al Iktissad Wal-Aamal Group, in collaboration with the Central ...

Agha & Co/Agha & Shamsi Win “Best Islamic Law Firm of 2011” Award

Jan

2012

UAE based law firms; Agha & Co/Agha & Shamsi (the “Firms”) were awarded “Best Islamic Law Firms of 2011” by the Global Islamic Finance Awards (GIFA). The awards, which were presented at the Oman Islamic Economic Forum (OIEF) by his Excellencies the Ex-Prime Minister of Malaysia Tun Abdullah bin Haji Ahmad Badawi and H.E Yaseen ...

Deutsche names new Islamic finance officials

Dec

2011

Deutsche Bank has appointed Salah Jaidah as the chairman of Islamic Finance and Ibrahim Qasim as the head of Islamic Finance Structuring. Ashok Aram, CEO of Deutsche Bank for the Middle East & North Africa, said: “Deutsche Bank is committed to the development of the Islamic Finance industry and will continue expanding its Shari’a compliant ...

BFH backs Islamic finance conference

Nov

2011

MANAMA: Bahrain Financial Harbour Holding Company backed the 18th annual World Islamic Banking Conference (WIBC), the world’s largest and most influential annual gathering of international industry leaders in the global Islamic finance industry. The three-day event was held under the patronage of the Central Bank of Bahrain at the Gulf Convention Centre, Gulf Hotel, from ...

Bermuda steps up Islamic finance effort

Nov

2011

Bermuda’s latest target market of the Islamic finance industry was the focus for a delegation from the Island who travelled to Bahrain this week for the 18th Annual World Islamic Banking Conference. The conference, which was held under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister of Bahrain, featured Cheryl ...

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