Saturday 3 June 2023 \


Islamic finance

Britain's first Islamic bond draws torrent of bids

Source : Reuters / 26 Jun 2014

Britain became the first Western country to sell an Islamic bond on Wednesday, attracting 2.3 billion pounds in orders, more than 10 times the amount it was looking to sell.


UK PM to unveil plans to launch Islamic bond

Source : Presstv / 29 Oct 2013

British Prime Minister David Cameron is to unveil a new Islamic index on the London Stock Exchange (LSE) in order to attract more Islamic investments.

Cameron will tell the World Islamic Economic Forum (WIFE) in London that the Treasury plans to issue a £200 million Islamic bond, known as Sukuk, as early as next year.


Glossary of Islamic Financial Terms

Source : IBFIM| 28 May 2013

The principles of Islamic Shari'ah governing commercial and financial transactions are extraordinary complex and elegantly simple

Bai` Bithaman Ajil

A contract of sale and purchase for the financing of an asset on a deferred payment and installment basis with a pre agreed payment period. The sales price includes a profit margin.


Islamic Finance's 'Scholar Problem': Why Are Shariah Scholars Paid So Much?

By Sophie McBain | Spear's | 13 May 2013

Dollars for Scholars 

Islamic finance could be a fruitful, thoughtful and even moral alternative to Western banking, says Sophie McBain — if it can overcome its scholar problem.


Islamic finance: a perspective from India

Source : Deccanherald / 24 Dec 2012

(India) Even as the Reserve Bank of India (RBI) is driving financial inclusion through a combination of conventional and non-conventional approaches, it’s time to take a fresh look at Islamic finance to expedite finance inclusion, especially within the 170 million Indian Muslim community.


Islamic finance faces growth challenges

By Jennifer Pak | BBC News | KL | 08 Dec 2012

A steady flow of women wearing hijabs, or Muslim head veils, enter HSBC's Amanah branch in the Malaysian capital of Kuala Lumpur during lunch hour.

It's brisk business for the UK lender, which was one of the first global banks to offer Islamic finance - a field that is slowly starting to rival conventional banking in predominantly Muslim countries such as this one.

Islamic finance is based on gaining profits in a socially responsible manner.


Islamic banking influencing North American institutions

By Abdul Hannan Tago | 15 Nov 2012

While Shariah-compliant banking is not widespread in the United States, Islamic financial institutions are making headway in gaining a foothold in North American banks to bring services to customers.


How Sharia-compliant is Islamic banking?

By John Foster : Former editor, Islamic Business & Finance magazine | 10 Jul 2012

The Islamic finance industry has often battled with the question: How Islamic is Islamic banking?


Identity crisis: Islamic banking - in search of a lost soul

By Humayon Dar | Tribune | London | 4 Jun 2012

There is no doubt that Islamic banking and finance must always fulfil the requirements of Islamic jurisprudence. However, it is increasingly being felt that Islamic banking must go beyond the law and imbue the ethical spirit of Islam to remain relevant to the needs of Muslim communities around the world.


Financial shock would never have happened under sharia

By John King | Irishtimes | 21 May 2012

IN THE West we have, over many years, created a range of financial instruments to meet the needs of business, of investors and of the man and woman in the street. In the recent past, institutions in the Islamic world have developed a parallel set of instruments which seek to fulfil those needs in a way which is consistent with sharia law.


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