Three state-linked Russian banks aim to introduce a number of Islamic financial products this year that could increase pressure for Russian authorities to create a legal framework facilitating the industry. […]
The prospects for Islamic finance remains strong given the growing interest towards Shariah-compliant investment asset class, despite the inevitable correlation between oil price and Islamic wealth. Bahrain Central Bank Governor […]
A top guideline-setting body for Islamic finance is developing a standard for gold-based products in the industry, a move that could allow the use of bullion in a wide range […]
As public confidence in the banking sector remains low, consumers are looking for greater transparency and risk avoidance from their bank. Can Islamic banking provide an alternative to Western banking […]
The concept behind Islamic banking can be reduced to a couple of simple axioms. You can’t make money for no effort. Money can’t be used to produce money, so interest […]
