News Desk The Islamic Development Bank (IDB) has announced that it will set up a $10 billion (Dh37) billion sukuk programme on Nasdaq Dubai, the region’s international exchange, a boost to Dubai’s efforts to become a top center for Islamic finance in competition ...
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World Islamic Economic Forum: Harmonise Islamic Finance Standards
By A. E. James, Times of Oman London: The Islamic financial institutions across the world need to reduce cost of financing, harmonise standards and develop a range of new products to achieve a rapid growth of the industry, according to ...
Read More »UK: WIEF urges reforming global financial system
LONDON, Nov 1 (KUNA) — The 9th World Islamic Economic Forum (WIEF) called Friday for introducing essential reforms to the global financial system in order to overcome the economic challenges. The Forum, held here on October 28-31, under the theme ...
Read More »Interview: London’s Deputy Mayor on Islamic Finance
By Mohammed Al-Shafey, Asharq Al-Awsat Kit Malthouse tells Asharq Al-Awsat about the British capital’s plans to grow its Islamic finance sector. London, Asharq Al-Awsat—As the ninth World Islamic Economic Forum draws to a close in London, focus has turned to the long-term ...
Read More »UAE Plans Islamic Finance Authority Backed By Legislation to oversee push
By Reuters A centralised approach to supervising Islamic finance is increasingly being adopted around the globe. The UAE plans to develop an independent authority which will supervise the country’s Islamic finance industry, backed by specific legislation, central bank governor Sultan Nasser ...
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