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Report: Islamic Finance Will Shoot Up to $6.5 Trillion by 2020
The Global Islamic Financial system is multiplying on a fast track basis, and will touch $6.5 trillion by 2020. This is projected by the International Financial Service Board. The volume expanded from a meager $150 billion in 1990 to $ 1.8 trillion in 2015, the board reported.
- Categories
- Uncategorized
- Region
- North Africa & Near East
- Tags
- Islamic finance, lending
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Uber, FIFA and Rich Muslims Eyed to Help Plug World Aid Gap
A $15 billion shortfall in global humanitarian aid could be addressed by tapping into innovative sources of finance, such as smartphone apps, the football industry and wealthy Islamic donors, a United Nations panel of experts said on Sunday.
- Categories
- Health Care
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Viewpoint: Amended Financial Law Could Revolutionise Banking in Uganda
After nearly six years in the making, it took Members of Parliament a single day to pass amendments to the 2004 Financial Institutions Act.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- Islamic finance
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Viewpoint: The Case for Islamic Microfinance in Africa
Professor Badr El Din A. Ibrahim, President of the Microfinance Unit at the Central Bank of Sudan, discusses why Shari'ah-compliant financing is key.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Islamic banking consistently expanding in Pakistan
Last week, the State Bank of Pakistan granted its first license to a micro-finance bank and brought it into the Islamic mode.
- Categories
- Uncategorized
- Region
- South Asia
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Uganda Legalizes Islamic Banking
Uganda's Cabinet has approved the amended Financial Institutions Act 2015, which paves the way for the introduction of Islamic and Agency banking in Uganda.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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U.S. startup combines Bitcoin with Islamic microfinance in Indonesia
Founded in San Francisco and recently moved to Jakarta, a financial startup called Blossom aims at nothing less than shaking up the microfinance sector in Indonesia.
- Categories
- Uncategorized
- Region
- Asia Pacific
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5 African e-health startups to watch
Africa’s basic infrastructural challenges – such as poor transport links, and the limited number of medical professionals and clinics – have long hindered the health sector. However, across the continent, Africa’s innovators are looking to leverage technology to ensure quality medical care is universally accessible.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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