Edition:
United States

Bernardo Vizcaino

OneGram lists Islamic cryptocurrency on its own virtual exchange

Sep 18 2018

Sept 18 Dubai-based OneGram Group has listed a cryptocurrency it bills as sharia-compliant on the company's virtual exchange and is planning additional listings in coming months, its chief executive said on Tuesday.

Islamic banks face outdated property rules: industry body

Sep 16 2018

Regulators overseeing Islamic banking must revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III, a global industry body said on Sunday.

Wahed Invest robo-adviser expands with new Islamic index funds

Sep 05 2018

New York-based Wahed Invest has launched two sharia compliant index-tracking funds under its robo-adviser platform, as the firm looks to attract an underserved segment of Muslim retail investors, the company said on Wednesday.

CORRECTED-Qatari Islamic banks grow despite regional rift -IFSB data

Aug 30 2018

Aug 29 Assets and revenues at Qatar's Islamic banks have grown over the past year but an increase in problem loans and a drop in foreign currency lending underscore the impact of a diplomatic rift in the region.

New digital exchange seeks to host Islamic finance startups

Aug 27 2018

A new digital exchange aims to attract listings from sharia compliant financial technology startups, its chief executive said on Monday, part of a growing number of firms looking to modernize Islamic finance.

Wahed Invest launches automated Islamic advisory service in Britain

Aug 21 2018

New York-based Wahed Invest has launched an automated investment service in Britain to tap into Muslim investors seeking religiously permissible investments, the sharia compliant robo-advisor said on Monday.

Uzbekistan to develop Islamic finance in bid to tap foreign markets

Jul 23 2018

July 23 Uzbekistan plans to introduce Islamic finance regulations and set up an Islamic finance institution to expand its banking sector and tap foreign markets as part of President Shavkat Mirziyoyev's efforts to revamp the economy.

New products, standards buoy Islamic trade finance business

Jul 17 2018

Islamic trade finance is poised for change with the launch of new products and common standards as Islamic banks look to grab market share away from traditional lenders which are retreating from the sector because of regulatory constraints.

Cryptocurrency firm Stellar gets Islamic finance certification

Jul 17 2018

SYDNEY California-based Stellar has received certification from Islamic scholars for its blockchain platform and related cryptocurrency, aiming to integrate the technology into the field of sharia-compliant financial products.

Malta sets up body to coordinate Islamic finance efforts

Jun 27 2018

June 28 The government of Malta has established a national body to help drive the development of Islamic finance with further plans for legislation to facilitate the sector as the country aims to attract business from Middle East firms.

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