Abuja, (IINA) : The Islamic Development Bank (IDB) opened its Nigeria Country Gateway Office in Abuja earlier this week, with a mission to focus its services on health, agriculture, infrastructure, small and medium-scale enterprise, and regional integration, Premium Times reported. ...
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Feed SubscriptionIslamic finance ideal for agricultural, rural financing
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 ...
Read More »Dr Shariq Nisar makes again Indian Muslims proud
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 ...
Read More »Sharjah Islamic Bank wins ‘Award’ from AECB
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 ...
Read More »Dr. Ahmed Ali: Architect of Islamic financing
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 ...
Read More »IDB signs SR200m rural health plan for India
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 ...
Read More »National Australia Bank closes its first onshore Islamic financing deal
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 ...
Read More »Abu Dhabi Islamic Bank plans shares issue to help fund its expansion
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, ...
Read More »Case for interest-free banking and finance
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 ...
Read More »Qatari banks ink deal for Islamic finance venture in China
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 ...
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