Friday 18 September 2020 \

 

Islamic finance

You’re hired! Islamic finance seeks own Apprentice

By : Anjuli Davies | Reuters | London | 18 May 2012

Islamic finance is on the hunt for an apprentice.

Dome Advisory, an international sharia advisory firm is launching a nationwide search for talented students at UK universities who can come up with a business plan or research idea that will aid the development of Islamic finance.

“I want the best brains...We need new blood in the industry and they don’t have to be Muslim,” Sheikh Bilal Khan, sharia scholar and non-executive director at London-based Dome said.

 

Religious leaders scrutinize Goldman’s sukuk

By ARAB NEWS | Riyadh | 8 Feb 2012

As an emerging industry, Islamic finance has attracted much attention over the last few years. By and large, Islamic finance relies on the status and reputation of scholars to make up for the lack of governance.

 

Islamic finance values hold key to innovation

By Mushtak Parker | Arab News | 26 Dec 2011

In the aftermath of the global financial crisis which was precipitated inter alia by the conduct and perceived greed of bankers chasing profits and bonuses seemingly at any cost, there has been a revisiting of the philosophy of banking and finance especially its relationship to the public good and the real economy.

 

South Africa Mulls Islamic Bonds

Source: OnIslam & News Agencies

CAPE TOWN – As Islamic finance grows by leaps and bounds, South Africa National Treasury has invited banks to provide help in structuring the issuance of the government’s first Islamic bonds or Sukuk, in both local and international markets.

 

Australia to Get First Islamic Equity Fund

CAIRO – Putting Australia on the path to join the booming Islamic finance, a Muslim wealth manager is planning to establish the country’s first Shari`ah-compliant equity fund.


“As the market grows we’ll have more and more companies to invest in,” said Talal Yassime, managing director of Crescent Wealth, The Sydney Morning Herald reported Wednesday, October 5.

Yassime plans to launch a Shari`ah-compliant equity fund early next year.

 

Malaysia: Kelantan collects Zakat in Shariah money

By Ibrahim Abdulaev : IslamDag.info | Kota Bharu / Friday, 26 August 2011

An historic event took place at Kelantan Trade Centre in Kota Bharu the state’s capital at the end of Ramadan. For the first time in the past 100 years, payment of Zakat, the third pillar of Islam, was collected and paid with Sharia currency, Gold Dinar and Silver Dirham on 25 August 2011 in a public event organized by the government.

 

Business ethics in Islam

Source : Syed Asad | Dawn Newspaper | 22 Jul 2011

The term ‘business ethics’ refers to the behavior that a business organization is supposed to adhere to in its interaction with society, transactions with customers and in its internal affairs. The concept of business ethics is as old as business itself.

Initially, different cultures and regions had different ethics of business. With increasing globalization, the various sets of business ethics are continuously acquiring common values and forms. Islam has given guiding principles for all human activities and also prescribes and explains the ethics of business.

 

What is Islamic Finance?

Source : Mohammad Shafique | Global Trader
Institute of Islamic Banking and Insurance | 19 Jul 2011

Islamic finance is similar to conventional finance in the sense it refers to facilitating pooling of financial resources and their investments, except that all the activities are undertaken in compliance with Shari’ah – commonly referred to as Islamic law. Shari’ah, literally means ‘path’ or ‘way’ to water source.

 
 

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