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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.

Gambia signs US$ 44m agreement with Islamic bank

01.11.2010

The Gambian government and the Islamic Development Bank (IDB) Group have signed funding agreements, worth over US$ 44.932 million, for five major development projects in The Gambia.
Gambia signs US$ 44m agreement with Islamic bank
Banjul, Gambia - The Gambian government and the Islamic Development Bank (IDB) Group have signed funding agreements, worth over US$ 44.932 million, for five major development projects in The Gambia. According to a press release, obtained by PANA here Wednesday, the five loan agreements, which mark a historic milestone in The Gambian government's relation with the bank group, included: the financing of the development of the University of the Gambia project for US$ 15.672 million; financing The Gambia Community Based Infrastructure and Livelihood Improvement Project for US$ 15.860 million; technical assistance grant for financing the Gambia Community Based Infrastructure and Livelihood Improvement Project for US$ 400,000.

Others are the Murabaha agreement for the financing of electricity and water metres and other spare parts for the national water and electricity company, amounting to US$ 5 million, and the Murabaha agreement for the financing of heavy and light fuel products for the benefit of Nawec amounting to US$ 8 million.

Minister of Finance Abdou Kolley, thanked the president of the IDB Group, Dr. Ahmad Mohamed Ali, and his management team for their continued support to the country in meeting its development aspirations.

He pledged that the agreements would be strictly implemented, saying that the government expected bank to continue supporting it.

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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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