Islamic Finance News- UAE: Emirates Islamic Bank to support Dubai Hospital expansion with AED25 million (US$6.81 million) donation
- UAE: Amlak Finance to sell 25 million treasury shares in share buy-back exercise
- SAUDI ARABIA: Siraj Omar Siraj Jamal takes new position as CEO of Saudi Indian Company for Cooperative Insurance
- SAUDI ARABIA: Mansour Al-Busaili resigns from Saudi Cooperative Reinsurance Company’s board of directors
- GLOBAL: IsDB launches cash Waqf Sukuk to raising funds internally for poverty alleviation projects
- GLOBAL: Kuwait Finance House board of directors approve final exchange ratio of shares with Ahli United Bank-Bahrain
- SAUDI ARABIA: Saudi Arabia to implement updated Zakat collection regulations for commercial establishments in January 2020
- KUWAIT: Ahli United Bank offloads shares in Kuwait and Middle East Financial Investment Company
- MALAYSIA: Islamic Banking & Finance Institute Malaysia and Universiti Sains Islam Malaysia to train 200 auditors annually with certification program
- KUWAIT: Kuwait International Bank offers appointment booking via phone app at all branches in Kuwait
Tag Archives: Islamic Finance
Intertemporal Consumption in Islamic Economic Framework
Salman Ahmed Shaikh A typical lifecycle pattern of humans shows that the need to consume basic necessities exists throughout the lifetime, while the capacity to earn incomes is present mostly during the working years of life. In childhood and old-age, … Continue reading
Leveraging on Private Philanthropy in Pakistan for Establishing Waqf
Salman Ahmed Shaikh Importance of Social Finance in Pakistan The United Nations Development Programme in 2016 revealed that multi-dimensional poverty in Pakistan stands at 38.8%. Poor people usually depend on their incomes for consumption expenditure given the lack of other … Continue reading
The Potential Opportunities with Fintech for Islamic Banking
Salman Ahmed Shaikh Islamic finance can help in enabling access to financial services for people who want Islamic financial services. The key question is that can Islamic finance also provide access to financial services to the bottom of the pyramid … Continue reading
Future Sukuk Growth Depends on Overcoming Challenges
Salman Ahmed Shaikh In the last few years, the growth in Sukuk market has been subdued. Sukuk market is mainly led by Malaysia now. It is important to have stable growth in the Middle East for the global Sukuk issuance … Continue reading
Risk Management Tools in Islamic Banking
Salman Ahmed Shaikh In this article, we discuss the major risks that Islamic banks face in their commercial operations and the tools with which they mitigate these risks. Credit Risk Credit risk is generally defined as the risk that the … Continue reading
Potential of Islamic Finance to Lead New Financial Architecture
Salman Ahmed Shaikh The financial crisis of 2007-2009 and ongoing sovereign debt crisis in Europe has challenged the conventional wisdom. Massive levels of debt and consumption beyond means and speedy financial innovation with lax regulation has put major economies in … Continue reading
Economic Merits of Islamic Modes of Financing
Salman Ahmed Shaikh Keeping aside the technical debates and unsettled issues regarding the legitimacy of some of the Islamic banking operations, in this article, we try to highlight if there are any key elements of economic merit in this system … Continue reading
Forex Trade and Islamic Viewpoint
Salman Ahmed Shaikh The top most priority of an Islamic investor is to earn Halal income and avoid such sources of earning income and indulging in transactions which are prohibited in Islamic faith. Trading in foreign currencies offers a very … Continue reading
Risk Aversion And Islamic Financial Economics
Salman Ahmed Shaikh Risk aversion is an observed behavior and there is empirical evidence that people generally are risk averse. By risk averse, we mean to say that people are willing to pay a higher risk premia than what is … Continue reading
