Islamic finance is a moral system of finance. It emphasizes the balance between for-profit activities, justice, tolerance, risk sharing and social good as well as not-for-profit activities. »

5 March 2018 leading luminaries from Islamic finance gathered at the London stock exchange. Dr Bandar Hajjar, President of the Islamic Development Bank highlighted the need for London with its world class financial services expertise to be at the heart of the “Islamic finance revolution” and for it to leverage its global marketplace to help realise the potential of Islamic finance. »

When Sukuk Default As the sukuk market has developed a number of issued sukuk have defaulted for a variety of reasons. 1MDB – Malaysia In one of the world’s biggest financial scandals, billions of dollars from state fund 1Malaysia Development Berhad (1MDB) disappeared into the shadows of the global financial system. In 2016 as the scandal unfolded 1MDB defaulted on two sukuk it had iss... »

Yuri Barmin Analyst on Russia and its Middle East policy presents a great overview of the current state of affairs of the development of Sharia compliant financial sector within Russia and the CIS. The double push by Russian banks to enter into Islamic financial markets, initially during the global financial crisis in 2008 and most recently since 2014 due to the imposition of EU sanctions, as wel... »

Nascent Industry Finds a Home in Dubai Alan Greenspan once described people to people contact as a key pillar to building commerce and creating economic activity. Taking the former Chairman of the Federal Reverse at his words, the gathering of individuals at the Global Islamic Economy Summit 2016 this week in Dubai would have done much to create the relationships and entrepreneurial spirit to take... »

UK Report Looks at Faith Based Finance Public Faith and Finance – Faith responses to the financial crisis is a report recently published by the University of Bristol and supported by the Barrow Cadbury Trust, and Public Spirit which looks at faith-based responses to the financial crisis. Many references to Islamic finance as well as Christian finance are made throughout the report as part of... »

The Malaysia based Islamic Financial Services Board (IFSB) has published its 2016 report. »

The fourth edition of the International Forum on Islamic Finance of West African countries concluded in Dakar, Senegal on 3 June. »

The Size of the Islamic Finance Market Estimates of the current size of the Islamic Finance market range from $1.66 Trillion to $2.1 Trillion with expectations of market size to be $3.4 Trillion by end of 2018. Based on $1.66 Trillion, Islamic Finance assets represented 1% of the global financial market of $127 Trillion in assets. To put this into context, $1.66 Trillion is about the size of the b... »