Islamic Finance News & Resources

Paris woos Islamic investment to tackle credit crunch

2010-01-18T20:55:00.000-08:00

Islamic finance gains more attention as alternative system. Thus its recognizable that the basic rules of Islamic finance could relieve suffering markets and particularly international financial systems Here the news from Frace24 Paris woos Islamic investment to tackle credit crunch French Finance Minister Christine Lagarde is leading a governmental drive to attract investment from

Shariah transmission mechanism in dual monetary system of Indonesia

2009-10-06T20:42:00.000-07:00

by Aam Slamet Rusydiana This study tries to analyze shariah transmission mechanism in Indonesian dual monetary system, using Vector Auto Regression (VAR) and Vector Error Correction Model (VECM) methods.Results show that the relationship between SWBI (SBI Shariah) and shariah financing (LNFINCG) is negative. It means, when SWBI be higher, the quantity of shariah financing would be lower. And so

Dubai’s Saidi Calls G-8 ‘Obsolete,’ Says Gulf Needs FSB Role

2009-07-17T16:31:00.000-07:00

sorced: Bloomberg Dubai International Financial Centre Chief Economist Nasser Saidi said the Group of Eight is an “obsolete” forum and called for a greater role for Gulf countries in global decision-making. “The GCC should have strengthened representation on the Financial Stability Board,” Saidi said at a conference in London today. Gulf Cooperation Countries, which are Bahrain,

As scholars quibble, sharia banks eye convergence

2009-06-23T10:21:00.001-07:00

KUALA LUMPUR/LONDON (Reuters) - Jurists may never fully agree on how to interpret the sharia but controversial Islamic finance structures are likely to be dropped eventually as the industry strives to reach wider markets. Disputed contracts like bai bithaman ajil and bai inah will probably be pushed to the sidelines while mudaraba and musharaka bond structures will be modified as

Chinese Interest in Islamic Banking

2009-06-17T10:16:00.000-07:00

We will not be able to say that Islamic banking has become a strong competitor to conventional banking unless it is able to surmount the Great Wall of China and settle upon the Chinese mainland and take advantage of what is considered to be one of the world's fastest growing economies. According to the World Bank, the Chinese economy is expected to experience a growth of 6.5 percent –during the [

Ajman Bank Cruises to Market with Irresistible New Lexus Finance Offer

2009-06-13T09:53:00.000-07:00

Ajman Bank offers customers the opportunity to buy a stylish new Lexus up with a 0% profit rate until 1st July 2009, based on three year finance agreement Ajman Bank, the emirate's first Islamic commercial bank, is set to drive customers wild with a fantastic opportunity to purchase a brand new, luxury Lexus from Al-Futtaim Motors at a 0% profit rate. The new offer, which is valid until 1st July

Saudi launches sukuk, bond market on Saturday

2009-06-13T09:38:00.000-07:00

Saudi Arabia said it would launch its new market for Islamic bonds, or sukuk, and bonds on Saturday, offering firms new sources of funding amid tight credit conditions. Trading of bonds would run from in the mornings, the regulator said on the Gulf Arab state bourse's website. "I believe this is a very important step forward since it will deepen the Saudi financial market," said Talaat Hafez, a

Is Islamic finance the answer?

2009-06-13T09:29:00.000-07:00

By Robin BrantMalaysia correspondent, BBC News, Kuala LumpurExperts in Islamic finance believe their way of doing business has shielded them from the global credit crisis. But how does it differ from conventional Western finance?A former executive director of the International Monetary Fund, Dr Abbas Mirakhor, says wider Islamic economics relies on God's guidance, handed down almost 1,400 years

Islamic banking

2009-05-26T00:48:00.000-07:00

Image by AFP/Getty Images via DaylifeIt is a young industry and a growth industry, and continues to evolve and expand both financially and geographically. It is indigenous and community-focused: it caters to devout Muslims in indigenous Muslim societies as well as in Muslim minorities of non-Muslim countries. Furthermore, it is an inclusive paradigm: non-Muslim individuals and communities that