Islamic Finance and Economics

  • Sharia Mortgages to Get British Government Guarantees

    October 01, 2014

    The United Kingdom's only wholly sharia-compliant retail bank (Sharia Islamic Bank of Britain) has launched an Islamic mortgage-finance program that is also being backed by the British government's "Help to Buy" mortgage guarantee program.

  • Global Islamic Financial Forum Highlights Landmark Growth in Sharia Finance

    September 17, 2014

    The international financial institutions and ratings agencies attending the recent Global Islamic Financial Forum in Malaysia reported that 2014 was a "landmark year" in the continuing growth of a global industry of sharia-compliant/compatible financial products whose assets now total nearly $2 trillion and which is projected to experience robust growth over the next decade.

  • World Islamic Banking Conference to Explore "New Paradigm for Islamic Finance"

    September 17, 2014

    The upcoming World Islamic Banking Conference scheduled to take place in Bahrain will focus on the concept of a "new paradigm for Islamic finance in global markets," exploring regulatory, operational and risk transformation strategies for ensuring the global growth and market-share of sharia-compliant/compatible products and services.

  • Bahrain Tops Gulf States in Global Islamic Finance Ranking

    September 10, 2014

    Bahrain hosts the world's largest concentration of Islamic financial institutions in the nearly $1.7 trillion global Islamic finance asset market, and was recently ranked first among Persian Gulf countries by global consulting giant Thomson Reuters on quantitative and qualitative measures of Islamic finance development.

  • Global Islamic Finance Forum Lauds Malaysian Economist for Globalizing Sharia Banking and Finance

    September 10, 2014

    The Global Islamic Finance Forum (“GIFF”) lauded Malaysian economist and Islamic law expert Dr. Abdul Halim Ismail for his "visionary and pivotal role" in making Malaysia into a global leader in sharia-compliant/compatible finance and for his pioneering role in the globalization of Islamic banking.

  • Morocco Still Debating Intro of Islamic Banking

    September 04, 2014

    Morocco's Parliament continues to hold briefings on a bill to introduce sharia-compliant and sharia-compatible products and services to the country's banking system, with the country's religious leaders and civil society groups taking opposing positions on the need for and implications of Islamic banking.

  • Malaysia Follows Green Investments Trend in Islamic Finance

    September 04, 2014

    Malaysia is the latest country to jump on the emerging global trend, in Europe, North America, the Mideast, and Asia, of customizing Islamic (sharia-compliant/compatible) financial products to green causes such as renewable energy and sustainable agriculture.

  • U.S. Courts Try to Unravel Linkages Between Global Finance and Religious Terrorism

    August 20, 2014

    As the first civil trial against a bank under the U.S. Anti-Terrorism Act gets underway in a federal district court trial in Brooklyn, international finance experts are concerned that a finding of liability in a case dealing with global Islamist terrorism could exert a chilling effect on banks doing business in religious-conflict zones.

  • Kuwait Shift to Islamic Banking Follows Global Trend

    August 11, 2014

    International financial experts suggest that the hard shift by leading lending institutions in Kuwait toward sharia-compliant/compatible banking points is linked to the growing dominance of Islamic finance in the country, reflecting similar trends in countries in the Gulf Cooperation Council ("GCC") and Southeast Asia.

  • Dubai Competes to Challenge Malaysia as Global Islamic Finance Capital

    August 06, 2014

    As the global Islamic finance industry continues to experience robust growth, Dubai continues to pursue an aggressive competitive strategy to supersede Malaysia as the world's leading hub for sharia-compliant/compatible finance.

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