Edition:
United States

Bernardo Vizcaino

Islamic finance in Afghanistan growing, investment options limited - report

Dec 03 2018

Islamic banking in Afghanistan has nearly tripled its holdings since 2014, but is constrained by uneven profitability, limited investment options and few financing tools, the Islamic Financial Services Board (IFSB) said.

Islamic finance in Afghanistan growing, investment options limited - report

Dec 03 2018

Dec 3 Islamic banking in Afghanistan has nearly tripled its holdings since 2014, but is constrained by uneven profitability, limited investment options and few financing tools, the Islamic Financial Services Board (IFSB) said.

Islamic finance sees mixed growth, buoyed by capital market - study

Nov 27 2018

Nov 27 The Islamic finance industry grew 11 percent year-on-year in 2017 and is set to sustain double-digit growth buoyed by capital market products and the adoption of financial technology, according to a Thomson Reuters study released on Tuesday.

U.S. Islamic investment adviser aims to expand into Canada in 2019

Nov 20 2018

Florida-based Islamic wealth manager ShariaPortfolio Inc aims to expand into Canada next year, as the firm taps into a growing number of Muslim clients seeking to invest according to their religious beliefs, its chief executive told Reuters.

Saudi Arabia-based ICD looks to deepen sukuk markets - new CEO

Nov 13 2018

Nov 13 The Saudi Arabia-based Islamic Corporation for the Development of the Private Sector (ICD) hopes to expand its capital market activities and attract new corporates to issue sukuk, or Islamic bonds, its chief executive told Reuters.

Swiss cryptocurrency firm X8 obtains Islamic finance certification

Nov 11 2018

Nov 12 Switzerland-based financial technology firm X8 AG has obtained certification from Islamic scholars for its digital currency, with plans to expand its business in the Middle East, a senior executive said on Monday.

Islamic bonds look to tap social finance, blockchain tools

Oct 24 2018

Plans to design Islamic bonds, or sukuk, linked to socially-conscious finance could help mobilise large pools of assets across the Muslim world and increase the impact of Islamic finance, industry experts said on Wednesday.

Islamic bonds look to tap social finance, blockchain tools

Oct 24 2018

Oct 24 Plans to design Islamic bonds, or sukuk, linked to socially-conscious finance could help mobilise large pools of assets across the Muslim world and increase the impact of Islamic finance, industry experts said on Wednesday.

Islamic robo-adviser to expand in Gulf, Southeast Asia by 2019

Oct 24 2018

New York-based Wahed Invest plans to offer its automated investment service in the Middle East and Southeast Asia by early next year, after the robo-adviser closed its latest round of fund raising, its chief executive said on Wednesday.

Islamic finance organisations team up to streamline rule-making

Oct 23 2018

Oct 23 The top two organisations that set the rules for Islamic finance signed an agreement on Tuesday to work together to develop and revise some of their guidelines, aiming to hasten standardisation in the $2 trillion industry.

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