Islamic Finance

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Takaful ta'awuni

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:08

Takaful ta'awani (Islamic life insurance) programmes are virtually non-existent outside S.E. Asia. Bank Al-Jazira, a leading Islamic banking group from Saudi Arabia has recently introduced

Islamic banks aim for the mainstream

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:08

The rapidly developing Islamic banking sector was stunned by the recent revelation that one of its oldest and most respected commercial institutions, Dubai Islamic Bank, had run into what was described officially as 'financial difficulties'. The number of entities in the sector is growing rapidly. There are now more than 200 Islamic banks. In addition, some multinational financial institutions, including Citibank and Arab Banking Corporation, are setting up subsidiaries or specialist divisions.

Unlocking Islamic Finance

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:08

In searching for new investment products, Islamic banks and their shari'a boards have found a natural fit with project finance. In project finance, the success of your loan is tied in with the success of the project, as opposed to a conventional loan, where the success of the venture is nearly irrelevant. Islamic finance principles call for exactly this -the sharing of risks as well as rewards. While Islamic finance meshes well with project finance, industry watchers don't expect projects costing more than $200 million to be financed by Islamic funds alone.