Islamic Finance

Malaysia's central bank said on Wednesday it was still reviewing offers to set up mega Islamic banks, suggesting it could miss its target of awarding a licence this year as the industry struggles to c

I was in Kuala Lumpur in October attending the Global Islamic Finance Forum, organized by Bank Negara Malaysia and the Malaysian International Islamic Finance Centre.

Malaysia has introduced several measures to boost the development of human capital in the Islamic finance industry under the Malaysia International Islamic Finance (MIFC) initiative.

Malaysia is attracting Islamic investment funds from the U.S. seeking higher returns in Asia as growth in developed economies slows.

Malaysian Sharia finance experts, backed by the central bank, are studying possible conflicts between civil and Islamic law amid a raft of high-profile legal disputes which have dampened the industry'

Petroliam Nasional Bhd.’s Islamic bonds are set for a second straight record gain this month, luring funds without religious requirements from the U.S., Europe and Israel.

With the global sukuk market largely back on track with Malaysia successfully closing its second sovereign issuance of $1.25 billion in June 2010, Indonesia indicating that it may go to the market wit

slamic bonds returned more than Shariah-compliant stocks for the second straight quarter, helped by Dubai World’s May accord with creditors to restructure $23.5 billion of loans.

Raja Teh is familiar with the multitude of Western misconceptions concerning Islam and Islamic finance and is keen to tackle these so the outside world can gain a more concrete understanding of the po

Standard & Poor's Ratings Services on Monday assigned its 'A-' long-term foreign currency issue rating to Malaysia's US$1.25 billion global Sukuk trust certificates due in 2015.

Middle East and Asian investors are showing significant interest in Malaysia’s first proposed sukuk sale in eight years, but turbulent markets may prevent an immediate launch, a source close to the

Islamic finance must become more innovative if it is ever to be part of global mainstream finance, Nasser Saidi, chief economist of the Dubai International Financial Centre Authority (DIFCA), said.

A shortage of skilled Islamic scholars and banking officials versed in Shariah-compliant finance is hampering the industry’s ability to develop global standards, said an official at the Islamic Fina

The signing in Alkhobar of a strategic cooperation and alliance agreement between Saudi Arabia's Mohammed Hamad Al-Soaib Law Firm and the Luxembourg-based Lux Global Trust Services and Theisen Advocat

ISLAMIC financial institutions looking into tawarruq, a controversial Islamic financing structure, should instead consider sukuk ijarah, or Islamic bonds, when looking at options to raise cash, a stud