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. »
Video from The Islamic Corporation for the Development of the Private Sector (“ICD”) presenting the structure of Murabah/Wakala as used in Line of Finance. »
Key Principles of Islamic Finance Islamic Finance is a fast growing financial services sector within which transactions are required to be compliant with Shari’a – a body of jurisprudence derived from the Qur’an and secondary sources known as the ‘Hadith’. Key characteristics include finance based on trade transactions in order to remove the basis of making money from money, often interprete... »
World Bank Group, and Islamic Development Bank CC BY 3.0 IGO Islamic Finance and Shared Prosperity In recent decades, policy makers—including multilateral development organizations such as the World Bank Group—have often applied a “trickle-down” approach to reduce levels of absolute poverty. This approach asserts that higher productivity and industrial advancement lead to higher gros... »
IDB Prize for Women’s Contribution to Development The Islamic Development Bank (IDB) is an international financial institution with a membership of 57 countries spreading across different continents and regions. Its mission is to promote comprehensive human development, with a focus on the priority areas of alleviating poverty, improving health, promoting education, improving governance and prospe... »
Sukuk issuances rose to USD114.7bln in 11M14 (Jan-Nov 2014), a sizeable 8.6% increase from the USD105.6bln volume recorded during 11M13. Sovereign issuances accounted for almost 80% of total issuances. The record for issuances was in 2012 when $137.1 billion was raised, while issuance dropped to $116.9 billion in 2013 and fell further in 2014. »
Christian Faith based finance represents a smaller share of global financial assets than Islamic finance which itself only represents around 1% of total global assets. »
At the TedxLugano 2016 event, independent financial consultant Noor Odeh delivered a Ted talk highlighting the use of Islamic finance as a means to contribute to ethical and sustainable economic development. »
An overview of AAOFI Shari’a Standard Number One , Trading in Currencies is presented. »
An overview of AAOFI Shari’a Standard Number Two, Debit Card, Charge Card and Credit Card is presented. »
