Islamic Finance

Fed raises rates, emerging markets roil — it’s déjà vu

For the second time this year, the US Federal Reserve (Fed) has raised interest rates. With the recent 25 basis-point hike, the Fed funds rate is now near ...

Ask what problems they solve, how they solve it better

By AZLEENA IDRIS / Pic By BLOOMBERG
In the first part, we had explained and distinguished distributed ledger technology (DLT), blockchain, digital ...

Africa needs conducive economic, regulatory environments

Islamic finance could contribute, at least modestly, in helping the continent achieve many challenges
By HABHAJAN SINGH / Pic By BLOOMBERG Investor ...

IKIM hosts talk on DLT, blockchain, digital currency and cryptocurrency

BY AZLEENA IDRIS / Pic By BLOOMBERG
In February, Institute of Islamic Understanding Malaysia (IKIM) held a roundtable on this topic. Officiated by ...

Crypto firm Stellar gets IF certification

By TMR
California-Based Stellar has received certification from Islamic scholars for its blockchain platform and related cryptocurrency, aiming to ...

Dubai’s biggest banks beat profit estimates

Dubai • Emirates NBD PJSC and Dubai Islamic Bank PJSC reported their second-quarter profit that beat analyst estimates as rising construction activity in ...

Go boldly on fintech, Islamic social finance

One of the unique features of IF is the close interaction between social and business matters
By DAUD VICARY ABDULLAH For those of you who know me ...

Asean Shariah scholars to tackle zakat calculation methodology

By TMR
The methodology of calculating zakat and its different applications in Islamic finance institutions (IFIs) and procedures for the recovery of ...

Traditional IFIs should collaborate with fintech companies for innovations

By OTHMAN ABDULLAH / Pic By MUHD AMIN NAHARUL
The Second Payment Services Directive (PSD2) came into force in January 2018 to regulate payment services ...
Uganda

Uganda prepares to start Islamic banking in October

By TMR / Pic By BLOOMBERG
The framework for the implementation of Islamic banking in Uganda has been developed and will be operational in October, ...

UAE reforms aid sukuk market

By TMR / Pic By BLOOMBERG
New rules governing sukuk offerings in the United Arab Emirates (UAE) could support market activity in tandem with other ...

IMF adds IF to market surveillance. What’s next?

In this 1st of a 2-part series, Chattha looks at the issues from the regulatory perspective
By JAMSHAID ANWAR CHATTHA The day of May 24, 2018, was a ...