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Kenya Commercial Bank Launches Islamic Banking
Kenya Commercials Bank (KCB) Group on Thursday launched its Islamic Banking unit as it seeks to tap into the growing demand for Islamic financial products across the East African region.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- Islamic finance
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Germany’s GIZ looks to break Islamic microfinance shortfall
A series of German-funded studies and pilot projects aims to bridge the gap between Islamic finance and microcredit, to the benefit of communities in developing countries which remain on the fringes of the financial industry.
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Regional Development Banks and Sharia Banks Can Go Mobile, says Indonesia’s Financial Services Authority
As part of efforts to open up greater public access to financial services, the Financial Services Authority (OJK) will regulate the implementation of branchless banking, especially for regional development banks (BPD) and sharia banks, a top official says.
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- Region
- Asia Pacific
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Can Islamic Finance Bridge Asia’s Infrastructure Deficit?
The global Islamic debt securities (sukuk) market has grown rapidly, from just US$15 billion in 2001 to US$281 billion in 2013. This increase has been led by Malaysia, which accounts for nearly 60 per cent of total outstanding sukuk.
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- Uncategorized
- Region
- Europe & Eurasia
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ICD boosting activity in Africa to widen Islamic finance appeal
The private sector arm of the Jeddah-based Islamic Development Bank [ISDBA.UL] plans to increase its activities in Africa, part of plans to widen the appeal of Islamic finance across the region, its chief executive said.
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Thomson Reuters release Islamic Social Finance Report
Thomson Reuters has released the Islamic Social Finance Report 2014 in collaboration with the Islamic Research and Training Institute (IRTI), a member of the Islamic Development Bank Group.
- Categories
- Impact Assessment
- Region
- North Africa & Near East
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OPINION: Islamic Microfinance can eradicate poverty in Muslim world
Half of global poverty resides in Muslim world while the Muslim population is 24% of the total global population, if the dangerously increasing poverty in the Muslim community is not controlled soon then it will be alarming. These concerns were addressed by Muhammad Zubair Mughal, Chief Executive Officer, AlHuda Centre of Islamic Banking and Economics while speaking at Islamic Microfinance Symposium held at Tunis and organized by Tunis Association of Islamic Economics with association of Islamic Development Bank (IDB) and German Donor Agency GIZ.
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State Bank of Pakistan Launches 5-year Strategic Plan for Islamic Banking
This was discussed by Saeed Ahmed Deputy Governor of State Bank of Pakistan on Islamic Finance in his opening remarks at a two day workshop on Islamic Banking and Finance for journalists organized by SBP here on Monday.
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- Uncategorized
- Region
- South Asia