Islamic finance
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ICFA
Establishing Islamic Sharia Compliant Riba free financial system for our members and creating opportunites for humanity to enjoy the peaceful, fair and simple life through Islamic financial practices. ICFA Limited is a registered Australian Co-operative to provide Islamic Sharia Compliance investment & finance to members. "Members help their brother member" is our capital.
Malaysia- Jamelah spearheading innovation at RHB
(MENAFN - Arab News) Jamelah Jamaluddin is the first woman to head an Islamic bank anywhere in the world. As the managing director of RHB Islamic Bank, a wholly-owned subsidiary of Malaysia's fourth largest banking group, she is giving some of her male counterparts in the industry something to think about. An acknowledged expert on Islamic capital markets and investment products, her appointment in 2008 as the new managing director of RHB Islamic Bank replacing Khalid Bhaimia did raise some eyebrows. These were largely of her male colleagues, some of whom still have gender issues to sort in their emotional makeup. Malaysia of course leads the sector in the empowerment of women.UAE. Reflecting its unique heritage and focus on customer care and innovation, Dubai Islamic Bank has been named the top performer in the UAE banking sector in the latest YouGov Siraj BrandIndex poll, which is based on the opinions of more than 750 UAE-based respondents interviewed per fortnight. According to the most recent BrandIndex, which was introduced in March 2009, DIB has established its leadership position in a wide range of categories, including quality, value for money and corporate reputation. The world's first Islamic bank also leads in primary indicators such as Buzz and Attention scores, pillars of BrandIndex that reflect the immediate impact the brand has on the top of mind of consumers in the UAE. DIB’s Attention scores, in particular, set a benchmark that other UAE banks have yet to rival in attracting the attention of consumers.
Dubai Islamic Bank named top performer in UAE banking sector - B
Bahrain, 22nd November 2011: According to Ernst & Young’s inaugural World Islamic Banking Competitiveness Report 2011, Islamic banking assets with commercial banks globally will reach US$1.1 trillion in 2012, a significant jump of 33% from their 2010 level of US$826 billion. The report also highlighted that Islamic banking assets in the Middle East and North Africa (MENA) region increased to US$416 billion in 2010, representing a five year CAGR of 20% compared to less than 9% for conventional banks. As new geographies open up to Islamic banking, the MENA Islamic banking industry is expected to more than double to US$990 billion by 2015. The report was presented at a special plenary session of the 18th Annual World Islamic Banking Conference today where more than 1,200 industry leaders from over 50 countries gathered to chart the future of Islamic finance.
Islamic Banking, Islamic Funds, Islamic Investments, Takaful, Is
Islamic banking and finance; just another type of banking
At a recent Mazars seminar in the City the changes in accounting and tax treatment in the UK and France were presented to an expert audience but it was the alternative virtues of Islamic banking as opposed to Western banking that stood out. The presentation by Tarek el Diwany, an ex Bond Trader (before he converted to become a Muslim) provided a clear differential to the western structure and style of banking. Everyone knows that interest bearing loans and products that are tainted by interest are outside the laws of Islam but after the financial crisis and the breakdown of western finance should there now be a fresh look at the values offered by Islamic banking?
The Financial Crisis and the Way Forward for Islamic Finance: Th
1 November 2009 Bahrain: As cautious optimism returns to the global economy and financial markets begin to move towards stabilisation and economic recovery, The WIBC Competitiveness Report 2009/10, produced in collaboration with McKinsey & Company, will be officially launched on the 7th of December 2009 at the 16th Annual World Islamic Banking Conference (WIBC 2009). Now in its 6th annual edition, the 2009/10 Report will provide new insights on how the leading Islamic financial institutions are adapting as they grapple with the need to manage risk, seek new growth markets, deliver on market expectations as well as remain competitive. The analysis provided in this year's Report will be even more critical as it comes at a juncture when the industry is tackling the challenges of a new business landscape emerging from the aftermath of the recent turbulence in the international financial markets.
INTERNATIONAL. More than 1,200 international delegates from over 50 countries gathered in Bahrain yesterday to work towards new strategies for the global Islamic finance industry in light of the new economic realities that are emerging in a changing business landscape. The 16th Annual World Islamic Banking Conference (WIBC 2009), the world’s largest and most influential gathering of Islamic finance leaders, kicked-off on Monday with the inaugural plenary session which featured a series of prominent keynote addresses from HE Rasheed M.
Islamic finance leaders discuss new strategies for new economic
As cautious optimism returns to the global economy and financial markets begin to move towards stabilisation and economic recovery, The WIBC Competitiveness Report 2009/10, produced in collaboration with McKinsey and Company, will be officially launched on the 7th of December 2009 at the 16th Annual World Islamic Banking Conference (WIBC 2009). Now in its 6th annual edition, the 2009/10 Report will provide new insights on how the leading Islamic financial institutions are adapting as they grapple with the need to manage risk, seek new growth markets, deliver on market expectations as well as remain competitive. The analysis provided in this year's Report will be even more critical as it comes at a juncture when the industry is tackling the challenges of a new business landscape emerging from the aftermath of the recent turbulence in the international financial markets.