Saturday 5 September 2015
 
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Islamic

IIRA reaffirms ratings of Jordan Islamic Bank

Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Jordan Islamic Bank (JIB) on the national scale at A+/A1 (jo) (Single A plus/A One). Ratings of JIB on the international scale have also been reaffirmed with the foreign

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Islamic social finance to bridge funding gap

The possibility of using Islamic social finance - zakah and awqaf - to bridge the funding gap for humanitarian activities around the world were the focus of a roundtable held at the UN headquarters recently.   At

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Islamic fashion sector to hit $327bn

Islamic art and fashion are quickly becoming burgeoning industries within the diverse landscape of the Islamic economy, and are dominating a key market share in the global lifestyle sector.    Last year the

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Turkish jets join US-led coalition strikes on IS

Turkish jets took part in US-led coalition air strikes against Islamic State in Syria for the first time on Friday, the Turkish Foreign Ministry said.   "Our jets started last night to carry out air operatio

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Islamic finance assets to hit $3.2 trillion

The value of assets in the Islamic finance sector is expected to increase 80 per cent over the next five years, to hit $3.24 trillion in value by 2020, according to findings for an upcoming report.   The initial

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IFC gets top rating for $100m sukuk

The International Finance Corp (IFC), the World Bank's lender to the private sector, has received a preliminary AAA rating from Standard & Poor's for a proposed $100 million issuance of sukuk, or Islamic bonds. Proceed

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Key innovations in focus at major Islamic forum

The annual World Islamic Banking Conference (WIBC) in Bahrain is set to yet again galvanise the global Islamic banking and finance industry, organisers have said. WIBC 2015 in December will be the first in over two decades to fully harness tec

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AAOIFI seeks members for key technical boards

Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has announced it is inviting nominations for candidates to serve on its technical boards that are tasked to carry out development and revision of it

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WIBC plans Islamic banking benchmark

The World Islamic Banking Conference (WIBC) will be developing a comprehensive performance assessment framework to help Islamic financial institutions assess their ranking and performance vis-à-vis their competitors. The event is hosted

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Bahrain to host global Islamic finance awards

Bahrain will host the fifth Global Islamic Finance Awards (GIFA) next month. Slated for September 28 at the Gulf Hotel, this year’s awards ceremony is being held in strategic partnership with National Bank of Kazakhstan, said a report in

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