Italy's export credit agency SACE plans to move into Islamic finance, becoming one of the first Western trade finance bodies to do so, in order to support expansion of its business in the Mena region.
"We think we can rea
The Islamic Development Bank (IDB) Group and the World Bank Group have jointly produced a global report on Islamic finance.
Director General of the Islamic Research and Training Institute (IRTI), Prof Mohamed Azmi Omar, announced
Delegates from more than 28 countries attended the global forum “Rethinking Values for Sustainable Growth” organised by the General Council of Islamic Banks and Financial Institutions (Cibafi) in Bahrain yesterday (May 3).
Islamic finance could contribute to meeting some of the sustainable development goals adopted by the UN General Assembly under its 2030 agenda, said Standard & Poor's Ratings Services in a report.
Agreed on in September 20
Islamic finance is drawing more interest in Russia as the country struggles economically and requires fundamentally new approaches to attract investments from abroad.
The sector is just beginning to grow in Russia and its perspect
Bahrain-based General Council for Islamic Banks and Financial Institutions (Cibafi) will tackle the structural problems in the Islamic micro and small and medium sized enterprises (MSME) finance industry at an upcoming meeting in Jeddah, Saudi A
The introduction of value-added tax (VAT) in the UAE may intensify the cost of doing business in the country, but the anticipated low rate of 5 per cent should mitigate this, according to industry experts.
What will help businesse
How Islamic finance can support integrated reporting in emerging economies to expand responsible investment flows will be the focus of an upcoming summit in Kuala Lumpur, Malaysia.
The Responsible Finance Summit -- hosted by Bank
Saudi Electricity said on Wednesday it had signed the riyal-denominated tranche of a murabaha credit facility worth up to 2.5 billion riyals ($666.8 million).
It said in the bourse statement the other tranche would be denominated
Grant Thornton, an independent assurance, tax and advisory firm, has appointed Samer Hijazi as a Partner and head of Islamic Finance to lead the Abu Dhabi practice.
Previous to joining Grant Thornton, Hijazi wo