Islamic Finance and Economics

  • UN Partners with Islamic Bank on Development Finance

    March 29, 2016

    The UN, the World Bank Group, and the Islamic Development Bank, which was founded by members of the Organisation of Islamic Cooperation ("OIC") to fund development projects in accordance with sharia law, are partnering on an initiative to fund jobs and economic growth in the Middle East and North Africa.

  • UK Rush to Become Islamic Finance Capital Leads to Sharia Restrictions on Government Buildings

    March 09, 2016

    Five major British government buildings are now run according to sharia law restrictions under conditions imposed by the Islamic finance investors who control that real estate, an example of the consequences of the massive influx of Muslim investors in British sharia bonds resulting from the aggressive move by Britain's Prime Minister David Cameron to make London into "a great capital of Islamic finance."

  • British Government Building Financed by Sharia Bonds Cannot Serve Alcohol

    February 01, 2016

    Building renovations requiring the temporary relocation of Britain's House of Commons to another government building that is financed by sharia bonds reveals a consequence of Islamic finance in the form of a ban on alcohol sales, prohibited under sharia law, in a British government building.

  • Saudi Aramco IPO Will Change the Face of the Global Islamic Finance Industry

    January 12, 2016

    Officials from Saudi Arabia's ruling monarchy have announced the start of an aggressive privatization of state assets, beginning with an Initial Public Offering ("IPO") of the global energy and gas colossus Saudi Aramco, a move that will completely alter the size and impact of the global Islamic finance industry by increasing assets from current estimates of $1.6-$2.1 trillion to a potential valuation of $10 trillion.

  • Sharia Finance Comes to Fast-Growth US Agri-Tech Industry

    December 29, 2015

    Sharia-compliant investment and financing instruments are coming to the US agri-tech industry, as global Islamist investors are looking to enter the fastest growth sector in innovative, sustainable agriculture and farming worldwide.

  • Islamic Finance Leaders Convene in Washington

    November 11, 2015

    Private sector leaders and government officials from key Islamic capital market countries convened for two days of lobbying and business relations in Washington, promoting the competitive price advantages and high returns of sharia-compliant/compatible finance.

  • Islamic Finance Experts Urge New Regulatory Body to Reduce Risks

    October 29, 2015

    The hyper-growth of the Islamic finance industry to nearly $2 trillion in assets globally is creating serious structural risks associated with market fragmentation, excessive leverage, and deposit instability, promoting economic experts to urge the fast-track creation of an international regularly and standards agency for sharia-compliant/compatible finance.

  • Experts Anticipate Slowdown in Islamic Finance Industry

    October 27, 2015

    Financial industry analysts predict a marked slowdown over the medium-term in the double-digit growth rates that characterized Islamic finance over the past decade, due to the effects of declining oil and commodities prices in Muslim majority markets and the absence of globalized regulatory structures that could minimize the high risks of sharia-compatible finance.

  • Islamic Finance Groups Aim to Expand into Mediterranean Region

    October 21, 2015

    The 3rd Mediterranean Islamic Finance Forum will meet in November in Barcelona, Spain, to explore expansion of capital flows for sharia-compliant/compatible financing of infrastructure and development projects by small and medium enterprises, which is part of a larger effort by the General Council for Islamic Banks and Financial Institutions (a global association affiliated with the Organisation of Islamic Cooperation) to expand the platform of Islamic finance from its Mideast hub across the Mediterranean region.

  • Indonesia Moves Aggressively to Grow Islamic Finance in Southeast Asia's Largest Economy

    October 14, 2015

    Indonesia's Financial Services Authority ("FSO") announced the government's five-year plan to aggressively grow the sharia compliant/compatible financial services in what is the world's most populous Muslim-majority country and Southeast Asia's largest economy.

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