http://ift.tt/1hx8bkH
Friday, August 21, 2015
Call for Paper - Global Islamic Microfinance Forum - Kuala Lumpur, for further details: http://ift.tt/1ICg29f
Call for Paper - Global Islamic Microfinance Forum - Kuala Lumpur, for further details: http://ift.tt/1ICg29f http://ift.tt/1EGXbGc
Thursday, August 20, 2015
Dr. Zubair Usmani just started Islamic Banking session at Dar es Salam - Tanzania organized by Alhuda Center of Islamic Banking and Economics,
Dr. Zubair Usmani just started Islamic Banking session at Dar es Salam - Tanzania organized by Alhuda Center of Islamic Banking and Economics, http://ift.tt/1hNOvJe
Tuesday, August 18, 2015
Let's Join us in Tanzania with Mufti Zubair Usmani Sb
Let's Join us in Tanzania with Mufti Zubair Usmani Sb http://ift.tt/1WCcRpk
Monday, August 17, 2015
Do you want to learn about BancaTakaful, lets join us in Dubai, http://ift.tt/1gPHkiN
Do you want to learn about BancaTakaful, lets join us in Dubai, http://ift.tt/1gPHkiN http://ift.tt/1DZrKMg
Sunday, August 16, 2015
Enjoyed a wonderful lunch with a sister Ameera Yaaqbeh Hilal in Jordan., I appreciate her vision to promote Islamic Microfinance in Jordan.
Enjoyed a wonderful lunch with a sister Ameera Yaaqbeh Hilal in Jordan., I appreciate her vision to promote Islamic Microfinance in Jordan. http://ift.tt/1LdE23q
Thursday, August 13, 2015
Wednesday, August 12, 2015
Tuesday, August 11, 2015
lets join us in "5th Global Islamic Microfinance Forum" at Kuala Lumpur- Malaysia, to address the poverty issues through Islamic way, for further details: http://ift.tt/1ICg29f
lets join us in "5th Global Islamic Microfinance Forum" at Kuala Lumpur- Malaysia, to address the poverty issues through Islamic way, for further details: http://ift.tt/1ICg29f http://ift.tt/1ICg554
Monday, August 10, 2015
Our Humble efforts to promote Takaful in different part of the World
Our Humble efforts to promote Takaful in different part of the World http://ift.tt/1L1PYIo
Wednesday, August 5, 2015
After successful launch of different Islamic Financial & Halal Magazines/Publications, we are pleased to launch a dedicated "Islamic Banking and Halal Industry" Newspaper in Urdu Language from 1st September, 15, need your prayers.
After successful launch of different Islamic Financial & Halal Magazines/Publications, we are pleased to launch a dedicated "Islamic Banking and Halal Industry" Newspaper in Urdu Language from 1st September, 15, need your prayers. http://ift.tt/1DuBxto
Thursday, July 30, 2015
Tuesday, July 28, 2015
Monday, July 27, 2015
Monday, December 15, 2014
Wednesday, November 19, 2014
Indonesia sharpens centralised Islamic Finance oversight
Indonesia's capital market regulator has signed an agreement with the country's national sharia board to strengthen oversight of the Islamic finance industry, supporting a centralised approach being favoured elsewhere around the globe.
A country-level approach to regulating sharia-compliant financial services was pioneered by Malaysia in 1997 and is gaining traction elsewhere as authorities try to standardise industry practices and improve consumer perceptions.
The agreement would support efforts by Indonesia's financial services authority, Otoritas Jasa Keuangan (OJK), to formulate rules governing Islamic financial services, said OJK chairman Muliaman Hadad.
This would help create new sharia-compliant products, develop a wider pool of sharia scholars, and support education and awareness efforts in the industry, he added.
Indonesia's national sharia board has traditionally focused on broader religious matters, although it has issued 95 rulings relating to Islamic finance services, 14 of those related to the capital market.
But authorities want to encourage a wider product range to help Islamic banks grab a bigger share of the market, as the sector plays catch-up to more mature markets in Malaysia and the Middle East.
Indonesia has the world's biggest Muslim population but its Islamic finance market lags well behind that of Malaysia. Indonesia's Islamic banks held 4.9 percent of total banking assets in the country last year compared with more than 20 percent for their Malaysian counterparts.
CENTRALISED
A centralised model to supervising Islamic finance is increasingly being adopted across the global industry, although it remains a rarity in the Gulf region.
Previously, many countries left sharia boards in individual Islamic banks and financial firms to decide whether their products and activities obeyed religious principles.
This approach has been criticised for inviting potential conflicts of interest, and for producing conflicting rulings that confused investors.
Last month, Oman's central bank set up a five-member sharia board to help oversee the sultanate's Islamic banking industry, while Pakistan's securities commission established a nine-member sharia board in May of last year.
Morocco and Nigeria have made similar moves, while the United Arab Emirates plans to develop an independent authority which will be backed by specific legislation.
Authorities in Indonesia want to reshape the country's Islamic finance industry by encouraging consolidation and building a new regulatory system. Regulators are finalising a five-year roadmap to be presented this month to industry players, who have repeatedly called for clearer laws. (Editing by Kim Coghill)
Source: http://af.reuters.com/article/nigeriaNews/idAFL6N0T402Y20141114?sp=true
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