Fitch Ratings Optimistic for Participatory Banking in Morocco

Rabat – Participatory banks can “modestly stimulate the growth of deposits in the country,” says Fitch Ratings in a new analysis on the sector. The rating agency estimates that the possibility of offering new banking products could increase their deposit bases by 5...

Islamic Banking Will Benefit Kenyans of All Faith

Bishop David Oginde’s opinion piece “Why expansion of Sharia laws remains perturbing” published in the Sunday Standard last weekend gave the impression that some proposed reforms in the Finance Bill 2017 portend danger simply because they touch on Islamic financial...

ICD signs three MoUs to Strengthen Collaboration

JEDDAH — THE Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group signed three a Memorandum of Understanding in quick succession to strengthen collaboration. The first one was with the City...

Islamic Banking is For Everyone, say Kenyan Authorities

Islamic banking is quickly gaining popularity in the Kenyan market, and banks have been quick to tailor the product accordingly. Global regulations on Islamic banking dictate that for any institution to call itself an Islamic financing institution, there must be a...

Islamic Finance Not Just For Muslims, But For Everyone

Professor Binta Tijani Jibril is the Director of International Institute of Islamic Banking and Finance, Bayero University, Kano State. The head of the lone university-based Islamic banking institute in West Africa told CHIJIOKE NELSON in this interview that the model...

Islamic Finance has Potential to End Poverty Worldwide

Karachi:- A report jointly published by the Islamic Development Bank (IDB) Group and the World Bank Group has outlined the potential of Islamic finance in curbing income inequality and ending poverty worldwide. The report, subtitled “Islamic Finance: A Catalyst for...
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