Islamic Finance & Economy

Africa Ripe For Islamic finance

AFRICA’S development needs are greatly aligned with Islamic finance given the continent’s infrastructure deficit, paving the way for more sharia-compliant products on the continent, according to Imran Mufti, partner at Riyadh-based law firm Hogan Lovells.

Kenya’s Islamic Finance Drive To Tackle Taxes

KENYA’S plans to develop Islamic finance include a wideranging taxation review and the establishment of a national sharia board, steps which could set it ahead of other African countries aiming to develop the sector.

Introduction To Islamic Finance: Capitalist vs Islamic Economy

We shall be publishing a series of articles from the revered book “Introduction to Islamic Finance” by Taqi Muhammad Usmani to give readers awareness into the general concepts of Islamic finance. Please direct your specific questions to scholars. Previous: Introduction To Islamic Finance: Setting The Stage BEFORE the details of Islamic modes of financing are discussed, …

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Many Non-Muslims Learning Islamic Finance

DUBAI: Jeroen Tap, an energy contracts manager for the Benelux region at Dow Chemicals, acknowledges that he is among the “less obvious” students to enrol on an Islamic finance course as part of his self-funded executive MBA at London Business School.

IDB pitches for Islamic finance in India

MUMBAI: Saudi-based Islamic Development Bank (IDB) Group will approach the Reserve Bank of India to highlight the benefits of Islamic finance in India.

Morocco Becoming A Solar Superpower

Morocco’s Noor I solar power plant near Ouarzazate currently powers over 100,000 homes in the country. Source: CNN SPRINGING up on the edge of the Sahara desert are rows of curved mirrors as far as the eye can see. They’re part of what could become the biggest solar power plant in the world. Morocco is …

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Fintech in Islamic Finance as Malaysia Launches Investment Account Platform

MALAYSIA recently launched the Investment Account Platform (IAP), a cross border multi-currency channel linking into regional and global economies. The Islamic finance market is currently characterised by a collection of domestic markets with little cross border activity, and faces challenges of financial intermediary, that of effectively matching investors seeking Sharia compliant opportunities to businesses seeking …

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