Speaking at the opening of state-owned Ziraat Bank's, first branch of its Islamic Banking window operation in Istanbul, Turkish President Recep Tayyip Erdoğan said “This is a historic step. Other state-owned banks should follow Ziraat’s move”. »
During the recent Bonds, Loans and Sukuk conference in Dubai, Harj Rai, of Latham & Watkins shared his views on the drivers behind the globalization of sukuk market and its growth in the Middle East. »
As the industry continues to grow at a estimated 15-20% per year, the development of human capital in vital to help sustain this growth. »
Covering the major modern milestones of the development of the modern financial industry, from Mit Ghamr Bank to the UK Sovereign Sukuk. »
Whilst Islamic financial services continue to display strong growth and nears $2trillion in assets, the growth is in part failing to create sufficient economic activity to lift the poor out of poverty. Futile financial engineering to create socially useless Sukuk such as the Goldman Sachs issuance does little to help the 322 million people living on less than $1.24 per day. »
The growth of the industry offers important potential benefits, the IMF stated in its IMF Research June 15 bulletin. The IMF stated the sector could facilitate financial inclusion by increasing access to banking services to underserved Muslim populations. Furthermore the risk-sharing characteristics of Islamic financial products can facilitate access to finance by small- and medium-sized enterpris... »
The leading Sukuk platform, Sukuk.com have released the Sukuk Chart Dashboard; a powerful visual tool providing free access to issued Sukuk data. The dashboard, which is available on the homepages of Sukuk.com and IslamicFinance.com, allows users to view issued Sukuk based on their maturity and issued profit rates along with corresponding information covering issued amount and date as well as its ... »
Language skills and local knowledge from Azerbaijan are better suited to assist Russia. »
Under the terms of the agreement signed in Maputo on 11 June 2015, the two institutions will collaborate in joint operations, expand financial products and exchange information on modalities for enhanced and efficient interventions for private sector development in Mozambique. »
Shari’ah compliant Bahrain Investment Bank, Seera has completed an investment into the UK dementia care sector by means of an equity investment in a housing development in London. The development, when completed will provide circa 115 housing units providing specialized care to dementia sufferers. »
