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07.02.2017

GCC VAT a test for Islamic Finance- Fitch


30.01.2017

Goldmoney adds Shariah-compliant methods to boost investment from Islamic markets


31.03.2016

Path Solutions joins CIBAFI, the world renown General Council for Islamic Banks and Financial Institutions


28.03.2016

"Kazakhstan Islamic Finance 2016: a new frontier for Islamic finance" country report


19.02.2016

Azerbaijan looks to new Islamic bank as sector rules progress


15.01.2016

Linar Yakupov received an award for his contribution to the development of Islamic finance industry in Russia


14.12.2015

The 2nd International winter school of Islamic law and economics has started in Kazan


09.12.2015

Russian financial experts are exploring options to launch Islamic Banking


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22.06.2016

Islamic banking will be most relevant to SME sector: Zafar Sareshwala

Interview with director and head of Islamic Corporation for Development's (ICD) India operations.

25.11.2015

Islamic Develop Bank calls for new Islamic microfinance structures

As the Shariah-compliant Islamic finance sector booms in the GCC region, the President of the Islamic Development Bank (IDB) Group, Dr. Ahmad Mohamed Ali, asked experts in the field to develop new Islamic microfinance structures.

14.09.2015

Dubai Silicon Oasis Authority and Thomson Reuters Reveal Key Findings of Digital Islamic Economy Report 2015

Dubai Silicon Oasis Authority (DSOA) and Thomson Reuters, with support from the Dubai Islamic Economy Development Centre (DIEDC) released the 'Digital Islamic Economy Report' for 2015, in collaboration with DinarStandard.

Thailand’s government supports Islamic microfinance

07.09.2010

Thailand’s Ministry of Interior has told government agencies and state-owned organizations to provide technical, management and financial support to encourage Islamic microfinance in the country. The proposal by the Ministry has received cabinet support. It will result in knowledge of transactions, accountancy and welfare arrangements according to Shari’ah being passed on to staff in the sector by the agencies and organizations involved.
Thailand’s government supports Islamic microfinance
Thailand’s Ministry of Interior has told government agencies and state-owned organizations to provide technical, management and financial support to encourage Islamic microfinance in the country. The proposal by the Ministry has received cabinet support. It will result in knowledge of transactions, accountancy and welfare arrangements according to Shari’ah being passed on to staff in the sector by the agencies and organizations involved. Social welfare and other benefits, in terms of education, social services and the environment, will also be provided for members of Islamic microcredit plans.

According to the Ministry of Interior, the Southern Border Provinces Administrative Centre had appointed a working group to study what form and model of Islamic microcredit would be most appropriate. The population of this region is predominantly Muslim, and the Ministry’s objective is that communities in the area have access to financial institutions which operate in accordance with their own lifestyle and religious beliefs.

The working group’s study demonstrated that most villagers were keen to see the establishment of Shari’ah-compliant microfinance in their communities, although they still lacked understanding of financial mechanisms used in the industry. Muslims are the second largest religious group in Thailand, numbering approximately two million.
Source www.newhorizon-islamicbanking.com

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Malaysia's fast-growing Islamic finance sector benefits not only the Muslim world but also non-Muslim countries, said former Prime Minister Tun Abdullah Ahmad Badawi.

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