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.
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."
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.
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.
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.
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.
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.
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.
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.
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.