Wednesday 4 May 2016
 
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Islamic Finance

28 countries take part in Cibafi forum in Bahrain

Delegates from more than 28 countries attended the global forum “Rethinking Values for Sustainable Growth” organised by the General Council of Islamic Banks and Financial Institutions (Cibafi) in Bahrain yesterday (May 3).

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Islamic finance could help meet sustainable goals

Islamic finance could contribute to meeting some of the sustainable development goals adopted by the UN General Assembly under its 2030 agenda, said Standard & Poor's Ratings Services in a report. Agreed on in September 20

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Russia, new frontier for Islamic finance

Islamic finance is drawing more interest in Russia as the country struggles economically and requires fundamentally new approaches to attract investments from abroad. The sector is just beginning to grow in Russia and its perspect

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Cibafi to discuss MSME issues at Jeddah meet

Bahrain-based General Council for Islamic Banks and Financial Institutions (Cibafi) will tackle the structural problems in the Islamic micro and small and medium sized enterprises (MSME) finance industry at an upcoming meeting in Jeddah, Saudi A

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Low rate ‘to ease impact of VAT on UAE firms’

The introduction of value-added tax (VAT) in the UAE may intensify the cost of doing business in the country, but the anticipated low rate of 5 per cent should mitigate this, according to industry experts. What will help businesse

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Summit focus on Islamic finance in EMs

How Islamic finance can support integrated reporting in emerging economies to expand responsible investment flows will be the focus of an upcoming summit in Kuala Lumpur, Malaysia. The Responsible Finance Summit -- hosted by Bank

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Saudi Electricity inks $667m Islamic finance deal

Saudi Electricity said on Wednesday it had signed the riyal-denominated tranche of a murabaha credit facility worth up to 2.5 billion riyals ($666.8 million). It said in the bourse statement the other tranche would be denominated

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Grant Thornton names Islamic finance head

Grant Thornton, an independent assurance, tax and advisory firm, has appointed Samer Hijazi as a Partner and head of Islamic Finance to lead the Abu Dhabi practice.   Previous to joining Grant Thornton, Hijazi wo

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Global Sharia-compliant assets reach $1trn

An estimated $1 trillion worth of additional Sharia-compliant assets are scattered across segments like small savers, affluent wealth management, pension and retirement plans, Awqaf, infrastructure and trade finance, a top industry thinker has s

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Impact of oil prices on Islamic finance probed

Oil prices, one of the biggest macro forces affecting the growth and development of Islamic finance, were a critical discussion point on the final day of the World Islamic Banking Conference (WIBC). Wall Street investment banker D

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