Uganda Ready to Welcome Qatar’s Islamic Banks

The Republic of Uganda, which is working aggressively to attract Qatari investors to all sectors of its booming economy, is ready to welcome Islamic banking and financial service providers from Qatar “with open arms”, said the Finance Minister of the East African...

Workshop on Islamic Finance Set for Nairobi

Nairobi will next week host a forum on governance, risk and compliance for Islamic finance, building on the city’s quest to be regional hub for shariah-compliant products. The General Council of Islamic Banks and Financial Institutions (CIBAFI), the umbrella of...

Al Baraka to Pick Credit Agricole, Emirates NBD for Sukuk

(Bloomberg) — Bahrain’s Al Baraka Banking Group BSC picked seven banks, including Credit Agricole SA and Standard Chartered Plc, to help arrange the international sale of Islamic bonds, people with knowledge of the matter said. The Islamic bank also hired Emirates NBD...

Emirates Islamic Announces ‘Personal Finance Sale’

Emirates Islamic has announced its Personal Finance Sale, enabling customers to benefit from profit rates starting from 2.79 per cent flat p.a. valid until April 23, 2017, customers can also benefit from higher financing amounts and payment holidays of up to two...

Algeria Warily Edges Toward Islamic Finance

ALGIERS: When experts in Islamic banking gathered earlier this year at a state-run hotel in Algiers to share their experiences on Shariah-compliant finance, no one from the government showed up. But despite this hesitancy – government officials are reluctant even to...
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