Buying with Debit Cards Question I hope that you will be able to advise us about using Debit cards. These cards are used in the following manner: when the amount of the purchase has been added up, for example 150 riyals, the card is given to the vendor and he passes (“swipes”) it through a machine that he has in his store. The value of the purchase is then taken instantly, by transferring the amou... »

Haris Irfan presents an excellent overview of the Islamic Finance market, covering its history to modern day transactions. Harris Irfan, Managing Director of European Islamic Investment Bank and Partner at Cordoba Capital, ‘Inside the hidden world of Islamic finance’. Novak Druce Centre, Saïd Business School, University of Oxford, 18 November 2014. »

Indonesia’s Islamic bond market is the second largest in emerging East Asia in terms of size. However, the pace of growth of its sukuk market pales in comparison to the robust growth of its conventional bond market. The Indonesian sukuk market is still in a nascent stage of development and accounts for only 7.4% of the total bond market. The outstanding stock of Indonesia’s sukuk market reached US... »