Key points of EY Report 2014-2015, Focus on market penetration of Islamic Banks. »
The reports provides a summary of the main events in the market in 2014 covering Islamic Banking, Islamic Asset Management, Sukuk and Takaful. »
Beyond the headline growth numbers, the industry has experienced transformative changes, which supports the overarching goal of Islamic finance as a more inclusive and equitable financial system. »
Turkish Deputy Prime Minister Ali Babacan speaking at the Participation Banks Association of Turkey in Istanbul, said Turkey, Indonesia and the Islamic Development Bank have accelerated their efforts to establish a “megabank” with the aim of creating a platform to serve as a “central bank” for the world’s Islamic lenders. »
A comparison of fixed deposit rates offered in UK Pounds (GBP Sterling) by UK based Islamic Banks, and Conventional Banks shows the Islamic Banks offering better rates. Al Rayan Bank (formerly known as Islamic Bank of Britain) is offering an industry best profit rate of 1.90% for a one year fixed deposit, whilst the conventional arm of HSBC is offering a lowly 1.00%. Al Rayan Bank and HSBC both en... »
Gatehouse, a UK based investment bank operating in accordance with Sharia principles, announced the completion of terms for financing of a real estate deal. »
A new report presents an overview of Technology and Innovation in within the Islamic Finance segment of Islamic Banking. »
The La Riba Bank account started in Kenya in 2006 to provide Islamic Finance and Banking services for Kenya’s 8 million Muslims who represent 25% of the population. »
Work will commence in the second half of 2015 to assess the feasibility of establishing a Shari’ah compliant facility for purposes of liquidity management. »
Often overlooked within Islamic finance is the establishment of national interest free banking systems in Iran and Sudan as well as in Pakistan. »
