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Islamic Capital Market Witnessed Surge in 2016: Report

Islamic Capital Market Witnessed Surge in 2016: Report

Maeeshat.in, Kuala Lumpur (Malaysia), July 17: Despite the global slowdown which did not spare even the Islamic financial industry overall, Islamic capital market surged in 2016 compared to the previous year. “Islamic Capital Market performed better in 2016 than in ...

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UAE a major hub for Islamic bond issuances: IMF

UAE a major hub for Islamic bond issuances: IMF

By Maeeshat.in Desk, UAE, July 15: The International Monetary Fund, in its latest report, has admitted growth of Islamic finance and banking in the United Arab Emirates. “UAE is also a major hub for Islamic bond issuances―during 2001–15, $53.8 billion ...

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Why Islamic Banking is said to be irrelevant for India?

Why Islamic Banking is said to be irrelevant for India?

By: – Syed Zahid Ahmad In 2006 the RBI’s Working Group to examine the financial products used in Islamic banking stated that ‘as distinct from modern, conventional banking, Islamic banking due to its inextricable influence of religious doctrines has often ...

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Islam not meant for promoting religion based banking

Islam not meant for promoting religion based banking

By:- Syed Zahid Ahmad for Maeeshat In 2006 the RBI’s Working Group to examine the financial products used in Islamic banking mentioned that ‘as distinct from modern, conventional banking, Islamic banking due to its inextricable influence of religious doctrines has ...

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Blow to Islamic Banking in India

Blow to Islamic Banking in India

In spite of RBI’s green signal, the government says No ? Dr Raja Muzaffar Bhat Before handing over his charge to present RBI Governor Urjit Patel, former Governor of Reserve Bank of India Raghuram Rajan had proposed working with the ...

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Islamic Banking in India: The Flip-flop

Islamic Banking in India: The Flip-flop

By Dr Shariq Nisar Shariah banking, PLS banking, Ethical banking, Interest-free banking are different names used to identify Islamic banking which primarily works without relying on interest mechanism. Interest is strictly prohibited in Islam and therefore many countries especially those ...

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