Posts

Bank Islam Brunei said to choose Malaysia for US$500mil IPO

SHAFAQNA - Bank Islam Brunei Darussalam Bhd has picked Malaysia as the destination for a planned initial public offering that could raise as much as US$500mil, according to people familiar with the matter. The nation’s biggest lender has…

Professor Datuk Rifaat Ahmed Abdel Karim named recipient of the Royal Award for Islamic Finance 2016

,
SHAFAQNA - Professor Datuk Rifaat Ahmed Abdel Karim, PhD, was today conferred the Royal Award for Islamic Finance 2016 (The Royal Award) by the King of Malaysia, His Majesty the Yang di-Pertuan Agong. This biennial Royal Award initiative,…

Islamic banking in Africa

SHAFAQNA - The African market for Islamic banking and finance is unique for several reasons. Among other things, the continent is witnessing an unprecedented economic growth in in last decade combined with huge market potential. Indeed, almost…

Islamic Development Bank, World Bank jointly produce global report on Islamic finance

SHAFAQNA - The Islamic Development Bank (IDB) Group and the World Bank Group have jointly produced a global report on Islamic finance. Director General of the Islamic Research and Training Institute (IRTI), Prof. Mohamed Azmi Omar, announced…

Islamic microfinancing in Pakistan

SHAFAQNA - In Pakistan, millions of low-income households face an extra hurdle when looking for financial products: finding a loan that complies with Islamic law, or Shariah. Traditional loans don’t comply with Shariah because interest,…