The Sharia-compliant issuance, either in dollar or euro-denominated Sukuk, which Finance Minister Mohamed Maait of Egypt hopes will happen in fiscal 2018-19 and would mark a revival of a plan shelved since…

The net income of listed companies in the GCC Islamic (Takaful and Islamic cooperative Tawuni) insurance sector nearly halved in 2017 to $375 million, from $674 million in 2016, according to ratings…

Conventional financial system has the capability of providing cash for those who want it, provided they are willing to give back more than they borrow and are able to provide a collateral…

A conventional bank gets money from the public as deposits and offers a large part of it as loans on interest and distributes the interest received on its loans amongst its account…

The green bond market started small sometime around 2007 and, at first, only attracted investors from the public institutions. However, the green bond industry took off in a big way from 2013…

Pakistan has a fairly developed IF industry that is bank dominated. At present, the IF Industry of Pakistan consists of IBs, Islamic microfinance institutions, Sukuk, Modarabah companies, and Islamic funds, 22 Takaful…

The worth of worldwide Islamic financial assets leapt from half a million dollars in the 1970s to over one trillion USD by 2009. With an annual growth rate of around 14 per…

Refinance facilities are targeted loans from State Bank of Pakistan (SBP) to support exports and industrial growth with the ultimate objective of promoting overall economic development of the country. Over the years,…

Most of the Islamic Banks operate on Bai- Murabaha, Bai Muazzal, Bai- Salam, Istisna, Hire Purchase/ Leasing mode of Investment i.e. Islamic Banks always prefer to run on markup/ guaranteed profit basis…

The credit card payment value in USA grew to $3.16 trillion in 2015/16 from $2.55 trillion in 2012 at a rate of 7.4% per annum, and this growth rate is found to…