Islamic Finance News
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Murad Hassan, who owns a stationary shop in Cairo, doesn’t keep his money in a bank, and says expanding Shariah-compliant finance under Egypt’s new Islamic government won’t change his mind.
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After at least five years of delays, Islamic finance experts in Saudi Arabia and Malaysia are renewing efforts to create common regulations for scholars.
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After at least five years of delays, Islamic finance experts in Saudi Arabia and Malaysia are renewing efforts to create common regulations for scholars.
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Barclays Bank Egypt SAE is considering entering the Islamic banking market in the country and lending more to small and medium businesses as it seeks ways to generate new revenue, a senior bank official said.
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Persian Gulf Islamic bond sales are beating Shariah-compliant loans in the Middle East, Europe and Africa for the first time since 2006 as borrowers seize on tumbling yields to finance roads and airports.
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Hossam Aql, an Egyptian professor of Islamic studies, encountered an unusual question on a religious radio talk show last month: is it acceptable for the government to borrow from the International Monetary Fund?
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HSBC Holdings Plc said it would stop selling Shariah-compliant products in the U.K., the UAE, Bahrain, Bangladesh, Singapore and Mauritius.
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Ridge Islamic Capital, a Sharia- compliant investment bank, is seeking to expand its activities in Egypt and the region as the Islamic finance industry is expected to grow.
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Three-time English soccer champion Leeds United moved closer to being sold after Bahrain-based bank Gulf Finance House EC said one of its units has signed an accord to lead a takeover.
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Mahmoud Mohieldin, World Bank Group managing director, comments on the Federal Reserve’s latest round of so-called quantitative easing, known as QE3. He also speaks on risks to global growth, fund flows and rising demand for Islamic finance.
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