THE INTEREST rate is the compensation paid for the use of money. In neo-classical economics, the prevailing rate of interest is the rate that balances aggregate savings and investment.Like all other goods and services that have an equilibrium price balancing demand and supply, the interest rate is the equilibrium price of money.Since interest rates, being a price, is negatively correlated with the demand for capital, falling interest rates ought to see increased demand for capital to be invested.
KUALA LUMPUR: Planet, people and prosperity – or the Three Ps – are the new frontier of Islamic finance in bringing greater value to the economy, society and the environment, says the Sultan of Perak, Sultan Nazrin Shah, While in many tangible ways Islamic finance industry has already helped to generate more socially conscious and sustainable economic system, much work needs to be done in these three key areas, he pointed out.

ACCORDING to the State of the Islamic Economy Report 2018-2019, Malaysia has been the leader of the Islamic economy ecosystem for five consecutive years since 2013.Thomson Reuters ranked Malaysia as the most developed Islamic finance market in the world based on Islamic Finance Development Indicator (IFDI) values.According to the Malaysia International Islamic Financial Centre (MIFC), Malaysia continues to be the main driver for the Sukuk (Islamic Bonds) market, representing 48.8 per cent of the total global outstanding Sukuk and 35.8 per cent of the total global Islamic funds’ assets under management (AUM).
GokhanErgocun, Yunus TurkReady to be taken to the next level, the burgeoning sector of Islamic finance is ready to take root in new regions through Turkey, Malaysia and Qatar, according to a leading figure in Qatari finance.Speaking to Anadolu Agency in an exclusive interview, the CEO of the Qatar Financial Centre Yousuf Al-Jaida said Malaysia could act as a gateway for Islamic finance into Asia, with Turkey into Europe and Qatar the Middle East and Africa.He stressed that Malaysia was ready with its legal framework to facilitate the sector, as well as such products as Sukuk -- a non-interest-bearing note. Qatar and Turkey need to step up and do more for the sector, which should be pioneered by Muslim countries.Underlining that Doha and Ankara needed to step up and do more, he said these three countries could form a large platform to share experience, technology and knowledge in the $2.4-trillion field."I think we can create something really superb and magnificent for the industry," Mr. Al-Jaida said, adding that Islamic finance is now growing at an even quicker pace than traditional or conventional finance.The CEO highlighted several new potential fields for Islamic finance, such as Islamic financial technologies, Islamic reinsurance and Islamic asset management."I think we have a very bright and rosy future, but there is a lot of work that needs to be done," he noted.With economic problems mounting across the globe, Al-Jaida said Islamic finance could be a role model for the world economy.
The implementation of the ecosystem of halal value chain through the development of the economy, Shariah Micro, Small Medium Enterprises (MSMEs) to the industries, especially food, fashion, cosmetics, tourism etc.
The Report Titled on “Global Islamic Financing Market Size, Status and Forecast 2019-2025“ provide crucial insights that facilitate the Market Trends, Drivers, Market Dynamics, Overview, Scope, Definitions, Classifications, Opportunities, Competitive Landscape, Share via Region, Price and Gross Margin, New Challenge Feasibility Evaluation, Analysis and Guidelines on New mission Investment. This Islamic Financing market report enhanced on worldwide competition by topmost institute like (Al Rajhi Bank, Abu Dhabi Islamic Bank, Al Baraka Banking, Dubai Islamic Bank, Emirates NBD, HSBC, Kuwait Finance House, NBAD, NCB, Qatar International Islamic Bank, Samba Financial Group) which providing information such as Company Profiles, Product Picture and Specification, Capacity, Production, Cost, Revenue and Contact Information. In the end, there are 4 key segments covered in this Islamic Financing market report: competitor segment, product type segment, end use/application segment and Islamic Financing industry geography segment.
NEO is pleased to announce that Manzil, a Halal mortgage lender, has made its Manzil Mortgage Investment Fund available as a platform traded fund (PTF). This fund fully complies with Shariah standards, and Manzil is the only entity in Canada that follows all guidelines for Shariah governance established by the Accounting and Auditing Organization for Islamic Financial Institutions
The adoption of Islamic finance through fintech has a large opportunity to connect with the masses, especially rural population. Islamic finance has recently gained popularity in the Southeast Asian market due to its advantages. Apart from being a promising instrument to build wealth, it is also being touted for its ability to ensure justice in society and promote financial inclusion.
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, and the number eight global financial centre, has marked a significant rise in Islamic assets being managed in the Centre, recording a 45% growth between Q2 2018 and Q2 2019. Islamic finance is growing at 1.5 times the rate of traditional finance, and the MEASA continues to be a steady driver of this industry, fueled by a number of jumbo sukuk issuances and almost $1 trillion in financial assets across GCC countries. Dubai remains one of the world’s largest centres for Sukuk listings by value at $62 billion, with DIFC-based Nasdaq Dubai at $60 billion.
THE Islamic finance industry has seen significant growth and is now estimated to have crossed US$2 trillion (RM8.38 trillion) dollars in assets. The ecosystem has developed exponentially with the emergence of a full suite of Shariah-compliant offerings such as Takaful, Islamic funds, Shariah Advisory firms, sukuk and more.
ALIGARH To mark the launch of the two-year MBA (Islamic banking and finance) programme at the Aligarh Muslim University, the department of business administration (DBA), faculty of management studies and research (FMSR) organised the inaugural function with MH Khatkhatay (MD, Rehbar Financial Consultants, Bangalore) as the chief guest.
When Greece joined the euro in 2001, confidence in the Greek economy grew and a big economic boom followed. But after the 2008 financial crisis, everything changed. Every country in Europe entered a recession, but because Greece was one of the poorest and most indebted countries, it suffered the most. The unemployment rate reached 28 percent in 2013, worse than the United States suffered during the Great Depression.
Deloitte and Noor Telecom, a Kuwait-based, Shari’ah-compliant closed-shareholding company, have collaborated with Dubai Islamic Economy Development Center (DIEDC) for the compilation of a report that highlights the untapped potential of the Digital Islamic Services market and offers key recommendations for realizing Dubai's vision of emerging as the capital of Islamic economy.
Indonesian President Joko Widodo stated during the launch of the “I Love Sharia Finance Program” that Indonesia should become the global center for Islamic finance (also known as sharia banking). The program, initiated by the country’s Financial Services Authority (OJK), was launched in Jakarta on Sunday (14/06). Islamic finance is a form of banking or banking activity that is consistent with the principles of sharia (Islamic law). In recent years, the global market for sharia-compliant financial instruments has risen robustly.

MANAMA: The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, has launched its new executive programme.

ISTANBUL, (Reuters) - Turkish President Tayyip Erdogan said the launch of Ziraat Bank's Islamic business should help to attract new funds to Turkey and urged other state lenders to help to triple Islamic banking's share of the market by 2023.

Japan is the latest global financial hub to start making inroads into Islamic finance, a move that could help strengthen regional economic ties and give its lenders an edge in winning business in markets whose growth prospects far outpace their home turf.
After negative opening, the Sensex bounced back smartly by 400 pts points and Nifty had crossed 8500-mark on bouts of value buying in most sectors led by banking, auto, consumer durables, metal, power and FMCG in late morning deals, but by late afternoon, the markets had shed most of the gains, with BSE benchmark up by just 42.97 pts before moving up to 112.70 points to 28340.09 at pre-close. NSE Nifty was also up by 42.10 pts to 8568.45.


Finance Minister Arun Jaitley will on Feb. 28 present his first full-year budget, seeking to put Asia's third-largest economy on a path of 7-8 percent growth over the next two years.
Qatar National Bank (QNB) is the most valuable banking brands across both the Middle East and Africa, according to the Brand Finance Banking 500. Its brand value is up $792 million (the greatest increase of any brand in the region) to $2.6 billion. It has overtaken Turkish brands Akbank and IsBank and has entered the top 100 for the first time, ranking 79th globally. The Brand Finance Banking 500, conducted by leading brand valuation and strategy consultancy Brand Finance plc, is a league table of the world’s biggest banks, ranked by their brand value.

Malaysia’s recently announced 2014-2015 Budget contains measures to continue to foster the country’s Islamic capital market, including an extension of tax deduction for another three years until 2018 for expenses incurred in the issuance of Sukuk based on Ijarah and Wakalah principles. In future Malaysian Government Securities (MGS) and Government Investment Issues (GII) may be listed in Bursa Malaysia’s Exchange Traded Bond and Sukuk (ETBS).

The subcontinent, which houses the world's second largest Muslim population, resisted Islamic finance for a long time, but demand has become too big for the authorities to ignore; Suprio Bose, Islamic Business & Finance's India correspondent, updates us on the country's progress.

Cambridge, Massachusetts: A roundtable on “Islamic Finance in India” was organized on April 27, 2014 at Harvard Law School at the conclusion of Eleventh Harvard University Forum on Islamic Finance. The roundtable focused on the challenges and opportunities in introducing Islamic finance in India. 

Finance professionals looking for a change in their career might do well to consider working for an Islamic bank or financial services company. Analysts said there are many vacancies to fill within the industry, while attractive pay packages await the successful candidates. 

The Australian Centre for Islamic Finance has set up an advisory board to help local businesses conduct sharia-compliant transactions, including developing financing options such as Islamic bonds, the director of Australian Centre told recently to Reuters. 

NAIROBI — Kenya’s financial regulator has proposed a separate regulatory framework for Islamic financial institutions as part of a broad 10-year strategy designed to boost capital markets in east Africa’s biggest economy.
The estimated $1.4 trillion global Islamic finance sector could be on the rise in North Africa where governments have been introducing new regulation as they seek shariah-compliant alternatives for decreasing conventional funding sources and try to plug current account deficits.Bermuda is one of the giants of international insurance and reinsurance.

Domestic gold prices have plunged below Rs 25,000 per 10 g for the first time since August 2011, mirroring an international trend. Harish Damodaran explains the factors behind the fall, after the bull run earlier in this decade.