Tuesday 28 July 2015
 
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Islamic Finance

New Dubai contest to back start-ups, SMEs

Dubai Silicon Oasis Authority (DSOA) and the Dubai Islamic Economy Development Centre (DIEDC) will host a competition that seeks to support start-ups in the Islamic digital economy and serve as an incubator for SMEs across the world.

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Aafaq in tie-up to promote Islamic finance

UAE-based Aafaq Islamic Finance recently entered into a strategic agreement with Emirates College of Technology (ECT) to promote Islamic banking and finance. Under the Memorandum of Understanding (MoU), Aafaq’s ‘Instit

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IDB unit secures $300m Islamic financing

The Islamic Corporation for the Development of the Private Sector (ICD) the private sector arm of the Islamic Development Bank Group (IDB) recently secured a 13-month $300 million Islamic Murabaha financing facility. The facility

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Ethica highlights e-learning at World Halal Summit

Dubai-based Ethica Institute of Islamic Finance shared insights on the role of online training in building human capital in preparation for a burgeoning Halal economy at the recent World Halal Summit in Kuala Lumpur, Malaysia. Eth

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Islamic finance body launches industry indicators

The Islamic Financial Services Board (IFSB) has launched a databank of industry indicators covering 15 member countries, helping shed new light on the size and shape of the sharia-compliant banking sector. The Kuala Lumpur-based I

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Qatari banks plan Islamic finance venture in China

Two Qatari banks and Chinese brokerage Southwest Securities signed a memorandum of understanding on Tuesday to establish a company handling Islamic finance deals in China. At present there is very little Islamic finance activity i

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IMF endorses Islamic finance

The International Monetary Fund has endorsed the principles of Islamic finance, saying it could prove safer than conventional finance, but the multilateral lender warned Islamic bankers that they must tighten rules and follow them more consisten

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ADB steps up Islamic finance drive, eyes infrastructure

The Asian Development Bank (ADB) is stepping up efforts to assist member countries to use Islamic finance in areas such as infrastructure financing, ranging from technical assistance to providing credit guarantees, an ADB official said.

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Russia in Islamic finance push as crisis grows

Russian lawmakers have introduced to parliament a draft bill to support Islamic finance, aiming to attract capital inflows at a time when an economic slowdown is intensifying and Western sanctions show no sign of being lifted. The

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Morocco plans sharia board for Islamic finance

Morocco has issued a royal decree to create a sharia board of Islamic scholars to oversee the country's fledgling Islamic finance industry. Called the Sharia Committee for Participative Finances, it will be composed of 10 Isla

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