Muscat : Bank Muscat, the leading financial institution in the Sultanate of Oman, reported a net profit of 84.31 million Omani rial ($218.8 million) for the first half of 2017, down from OMR90.47 million for the same period last year. ...
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Feed SubscriptionUAE 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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »‘Islamic banking will help develop entrepreneurship’
Interview with Shariq Nisar, professor at Rizvi Institute of Management Studies and Research. By ZIYA US SALAM for Frontline IN parts of western and central Uttar Pradesh, some right-wing activists have read a communal tinge into the Narendra Modi government’s ...
Read More »Islamic Development Bank to open first Indian branch in Gujarat
Gandhinagar, (IANS) : India will soon have Islamic banking facilities with the Saudi Arabia-based Islamic Development Bank (IDB) set to start its India operations from Gujarat, the Gulf kingdom’s envoy in New Delhi said on Wednesday. “I would like to point ...
Read More »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 ...
Read More »Workshop on “Sukuk and Islamic Liquidity Management” set to begin in Istanbul
Istanbul, (IINA) : A workshop on “Sukuk and Islamic Liquidity Management” is set to kick off on Monday in Istanbul.The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC), Istanbul School of Central Banking (İMB), and the ...
Read More »“Hoarders Safe… Honest men facing the Crunch”
Mira Road: Giving vent to the common man’s unrest and confusion regarding the recent demonetization drive initiated by the Government of India, the Mira Road chapter of Jamaate Islami Hind organized a special lecture inviting renowned economist, Dr. Shariq Nisar ...
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