Tags » Islamic Finance
Bernardo Vizcaino and Gayatri Suroyo
INDONESIA’s regulator has issued revised Islamic banking rules covering asset quality and capital adequacy to help clarify market practices, while industry growth has now dropped to single-digits. 395 more words
CEO of FAAIF addresses the dispute resolution conundrum of the Islamic Finance Industry.
Dubai, UAE, November 20, 2014(PressReleaseCircle) — Camille Paldi, CEO of FAAIF introduces a proposal for a dispute resolution mechanism for the Islamic finance industry, namely, DWIFAC, which shall be funded by Sheikh Mohammed bin Rashid Al Maktoum, and may act as the independent central dispute resolution authority and Shari’ah regulator connecting all of the adjudication apparatus’s of Dubai, the UAE, and the DIFC into one consolidated framework for the adjudication of Islamic finance disputes with a centralized Shari’ah authority in the form of the Shari’ah Supreme Council (Article 5, Federal Law No. 368 more words
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3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next?
Are you waiting for the next major wave of the global economic collapse to strike? 6 more words
London Interbank Offering Rate is one benchmark currently used in many Islamic finance transactions. However under Islamic law the use of interest is prohibited so any apparent resemblance to interest should be avoided. 197 more words