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Kigali, Rwanda (IINA) : Islamic Finance provides an ideal mechanism to facilitate agricultural, irrigation, livestock, micro & rural financing products and boost the green economy, said Muhammad Zubair Mughal, the Chief Executive Officer of AlHuda Center of Islamic Banking and ...

Mumbai: (Maeeshat News Network) Dr Shariq Nisar Former fellow Harvard University, USA  is ready to glitter once again by nominated in honorary awards in Islamic finance domain from Islamic Finance Forum of South Asia.  He is the first person to ...

Sharjah, (IINA) – The Sharjah Islamic Bank (SIB) voted the “Best Islamic Bank in the UAE” at the World Finance Awards 2016, on Sunday. More honours have been bestowed as it has received the “First Successful Data Submission Award” from ...

Jeddah (IINA) – Dr. Ahmed Muhammad Ali is stepping down as president of the Jeddah-based Islamic Development Bank (IDB) Group after serving at the helm of the Islamic world’s biggest financial institution for several decades. He is set to hand ...

By SIRAJ WAHAB JEDDAH: The Jeddah-based Islamic Development Bank (IDB) has signed a SR200 million agreement with an Indian non-governmental organization (NGO) to provide medical care for poor rural people. The money is part of a SR1 billion donation which ...

Sydney, (IINA) – National Australia Bank Ltd has closed its first onshore Islamic financing deal, a A$19.9 million ($14.2 million) arrangement to fund a real estate purchase by Sydney-based asset manager Crescent Wealth, according to Reuters. The funding platform designed ...

  Abu Dhabi: (IINA) – Abu Dhabi Islamic Bank (ADIB) plans to begin a rights issue on August 23 to help fund its expansion, the biggest Sharia-compliant lender in the UAE noted this week, The National business news reported. ADIB, ...

As many as 75 countries across the world have adopted the system. The operational term in many cases is not ‘Shariah’ but “interest-free” banking.   By K C Tyagi,   In an open letter addressed to the citizens of the ...

Doha : Two Qatari banks and Chinese brokerage Southwest Securities signed a memorandum of understanding on Tuesday to establish a company handling Islamic finance deals in China, Arabian Business reported. The new company will help the two banks, Qatar National ...

By Tameemuddin Humble (In charge Janseva Credit Society, Gaya Branch (Bihar)   The people need a diverse range of financial services to build assets, meet consumption and protect themselves against risks. The poor need the credit even to meet their ...