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Catholic Trust Looks to Brazilian Fund for Social Returns
A Brazilian investment fund is taking to heart theVatican’s endorsement of leveraging capitalism’s tools to help address inequality.
- Categories
- Impact Assessment
- Region
- Latin America
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Blossom Offers Islamic Micro-Financing in Indonesia Using Bitcoin
A startup that recently relocated from San Francisco to Jakarta aims to shake up micro-finance in Indonesia.Blossom‘s concept can be said to be breaking ground: it operates onBitcoin and targets the global Muslim community.
- Categories
- Uncategorized
- Region
- Asia Pacific
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Islamic Financial Services Board Adds Financial Inclusion to Islamic Banking’s To-Do List
The Islamic Financial Services Board (IFSB) is adding financial inclusion to the industry's to-do list, launching initiatives aimed at widening the reach of sharia-compliant banking to include poorer people.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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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.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- 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.
- Categories
- Uncategorized
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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.
- Categories
- Uncategorized
- 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.
- Categories
- 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.
- Categories
- Uncategorized
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