ITC and ITFC launch project to support Saudi Arabia’s dates industry

International Islamic Trade Finance Corporation (ITFC), the International Trade Centre (ITC) announce new project to boost sustainable economic diversification and boost job creation in dates sector. by ITC News Geneva, July 2017: The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group and the International Trade Centre (ITC) have signed [...]

CEO of Al Rayan Bank awarded Order of the British Empire

Sultan Choudhury, Chief Executive of Al Rayan Bank PLC has been named an Officer of the Most Excellent Order of the British Empire (OBE) in recognition of his services to the UK Market for Islamic Finance. Al Rayan Bank has more than 75,000 customers throughout the UK – 28% of which the Bank estimates to [...]

3rd Annual Symposium on Islamic Finance “Sustainable Development Goals and The Role of Islamic Finance” December 12-13, 2017, Kuala Lumpur, Malaysia

The World Bank Islamic Research and Training Institute (IRTI) Guidance Financial Group   Organised by The World Bank Global Islamic Finance Development Center, Islamic Research and Training Institute (IRTI) & Guidance Financial Group In collaboration with INCEIF CALL FOR PAPERS INTRODUCTION The World Bank Global Islamic Finance Development Center, (GIFDC) based in Istanbul, is a knowledge hub [...]

Islamic Finance Growth to Slow Down in 2018: Report

Islamic finance is set to slow next year. (Adek Berry/ AFP) Islamic finance industry will continue to expand this year, but lose some momentum in 2018, according to S&P Global Ratings forecast. The industry’s assets reached $2 trillion at year-end 2016, slightly below our September forecast. Even though sukuk issuance accelerated in the first half of [...]

ICD signs MOU with AACC to introduce Islamic banking in Azerbaijan

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, has signed Memorandum of Understanding (MOU) with the Association For Azerbaijan-Arab Countries Cooperation (AACC) in order to introduce Islamic banking products in Azerbaijan and to lobby for changes in Azerbaijan banking legislation in order [...]