Islamic Finance and Banking
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Its appeal partly lies in its resilience, due to the fact that it is based in the real economy. The size of the global Muslim population — 1.3 billion people across more …Read full article » Middle East: Friday, June 15 - 2012 @ 08:57
The main principles of Islamic finance include:
– The prohibition of taking or receiving interest (riba);
- Capital must have a social and ethical purpose beyond pure, unfettered return;
- Investments in businesses dealing …Read full article » Middle East: Friday, June 15 - 2012 @ 08:53
A Shariah-compliant portfolio may be made up of:
- Islamic-based permitted (halal) investments
- Qualifying ‘conventional’ securities and cash
The Islamic-based permitted investments are covered by a number of standard contract types.
Equity-based securities—shares in businesses—do not guarantee any return and in fact, the investor has a real chance of loss, so this is in line with Islamic principles. …Read full article » Middle East: Friday, June 15 - 2012 @ 08:39
Lists of acceptable stocks are supplied by various index providers, although not all may be universally accepted by Shariah experts. Obviously excluded are stocks in companies that deal with alcohol (and often …Read full article » Middle East: Friday, June 15 - 2012 @ 08:19
While Shariah scholars generally accept investing in conventional companies that incur some income from interest but have acceptable debt-to-equity ratios, many do not find it acceptable to …Read full article » Middle East: Friday, June 15 - 2012 @ 08:11
When bankers from East and West gathered in Manama at the 18th Annual World Islamic Banking Conference in November 2011, one topic was prevalent at nearly all discussion rounds: standardization.
But while Islamic Finance is expanding …Read full article » Middle East: Monday, January 02 - 2012 @ 11:46
In wealth management there is no such thing as an “invisible hand”, which economist Adam Smith described as the growth-driving result of a free market economy in his “Inquiry into the Nature and Causes of …Read full article » Middle East: Wednesday, September 21 - 2011 @ 11:33
In the first-half of 2011, the UAE’s Islamic retail banks have been busy in promoting new products and services. In January, Noor Islamic Bank opened its largest branch for Islamic insurances Noor Takaful.
Ajman Bank …Read full article » United Arab Emirates: Sunday, July 17 - 2011 @ 12:07
Sukuk issuance during the month of April declined to the lowest level since July 2010 with $4,862.6bn coming from the primary market. The month was dominated by sovereign issuers, particularly in Malaysia where the central …Read full article » Kuwait: Sunday, May 22 - 2011 @ 11:23