Islamic Finance
Central Bank of Azerbaijan: harmonization of Islamic banking with global financial system is perspective
CEO of the Central Bank of Azerbaijan (CBA) Elman Rustamov took part in work of the fifth global forum on the Islamic financing, carried out in Baku by the Islamic Development Bank (IDB) on the subject of “Global stability, and in the direction of integration”.
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Masraf Al Rayan opens new branch
Leading Islamic bank Masraf Al Rayan has opened a new branch on the C-Ring Road. Masraf Al Rayan’s new branch will offer all retail banking products and services, 24-hour ATM withdrawal, a dedicated ladies’ section in addition to other facilities.
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CB governor: Global markets far from stability as risks linger
Central Bank of Turkey Governor Durmuş Yılmaz has said it could take years before the global economy can maintain stability and sustainable growth as he warned that risks and problems still linger in the markets regardless of a current recovery trend from the 2009 global financial recession.
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Islamic banking regulation to be implemented in Afghanistan
H.E. Abdul Qadir Fitrat, governor of the Central Bank Afghanistan, says the regulation of Islamic banking in Afghanistan should be implemented in the country within next two months.
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Kurnia seeks takaful licence
Kurnia Asia Bhd has applied for a takaful licence and is awaiting the response from Bank Negara, said director of corporate planning/investor relations Dr James Tee.
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PwC: Islamic finance needs better offerings
The Islamic finance sector must come up with more competitive products and prices so that it can better meet demand from more sophisticated customers.
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Indonesia plans tax incentives for Islamic banking
Indonesia may provide tax incentives for Sukuk issues and Sharia bank deposits to better compete with Malaysia, the world's top Sukuk market, the central bank said.
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Pakistan Developing Shariah-Compliant Products for Money Market
Pakistan’s central bank is developing Shariah-compliant products for its interbank money market as a shortage of investment options hurts earnings at Islamic lenders.
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KFH Bags Three Awards from Global Finance ~ Best Bank in Gulf, Best Bank in Kuwait, Best Real Estate Service Provider~
Kuwait Finance House (KFH) was accorded three awards by the Global Finance magazine in conjunction with the World's Best Islamic Financial Institutions Awards 2010. The awards were given for the Best Islamic Bank in the Gulf, Best Islamic Bank in Kuwait and Best Real Estate Service Provider. These prestigious recognitions reinforce the leadership position of KFH and its ability to build a strong foundation for the Islamic finance industry, locally in Kuwait and the Gulf Cooperation Council (GCC) region, as well as globally.
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Deutsche Bank Introduces Online Zakat Settlement in Malaysia
Deutsche Bank (Malaysia) Bhd (DBMB) has launched an online Zakat settlement solution in Malaysia, leveraging on its web-based platform, db direct internet.
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