With the inclusion of new countries’ data, the total assets of the Islamic banking industry grew to $1,699 billion in the first quarter of 2018 (2018Q1) from $1,573 billion in 2017Q1, marking an increase of 8 per cent, said the Islamic Financial Services Board (IFSB).

IFSB has announced the dissemination of country-level data on financial soundness and growth of the Islamic banking systems for Q1 of 2018 from 21 IFSB member jurisdictions.

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.

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.

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.

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.

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?

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.

By Shaheen Pasha/Reuters/Dec. 1/2011

Chicago native Mariam Khan never considered Islamic banking until her husband moved the family to Dubai in 2007. But the 36-year-old housewife is a believer now as the Western debt crisis deepens. Her husband opened a family account with HSBC Amanah, the Islamic arm of international bank HSBC.

by Issac John
Source: Khaleej Times Online

DUBAI – A group of Islamic financial institutions has launched the world’s first benchmark for Islamic interbank lending as an alternative to LIBOR, or the London Interbank Offered Rate.