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In Depth |
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Islamic finance gives universities a bonus
With global finance on
its knees, this summer's business graduates face an even trickier
jobs market than most. But there is one area
of banking still experiencing boom time – Islamic finance – and
universities have been quick to grasp its possibilities. »
Lack of experts,
no regulatory authority hinder growth of Islamic Finance
Global Islamic finance industry worth over
$1tr in asset terms |
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‘Don’t
let the name scare you. Islamic banking is beneficial for all'
Encouraged by the results, other international banks like HSBC
and Barclay have also introduced special windows. These windows have
facilities for the people interested in dealing on the principles of
Islamic Shariah. Likewise is the Islamic Bank of Britain. The very
concept of these banks is that they are following the Islamic
principles,
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Learn from Islamic banking success stories:
Rahman Khan
IDB,
Insaniah varsity launch master's degree program in Islamic finance |
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Related Articles |
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People from other
religions too opting for halaal foods
Health concerns see members of other religious groups seeking advice
on suitable foods. Non-Muslims are becoming part of the estimated
635-billion worldwide halaal (permissible) market, South African
National Halaal Authority (Sanha)
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Iran
announces new Islamic internet
Iran has announced it would launch an Islamic internet to counter
the influence of the US-dominated world wide web.
"Iran will soon create an internet that conforms to Islamic
principles, to improve its communication and trade links with the
world," Ali Aqamohammadi, head of
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Iran to
launch national internet in August
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Archives |
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 Shariah
Index launched, BSE hopeful of quick returns
The Bombay Stock Exchange,
Asia’s oldest trading floor, along with the Mumbai-based Taqwaa
Advisory and Shariah Investment Solutions on Monday launched an
index comprising shares, of
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Indian
Muslim traders welcome sharia-compliant share index |
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 Nigeria
issues license
to first Islamic Bank
The Central Bank of Nigeria (CBN) June 21 has issued
provisional license to Jaiz International Bank to launch Nigeria's
first Islamic bank, a media report said. The CBN has given the license to
Jaiz International Bank subject to fulfilling the bank
authorization
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Islamic
banking thrives in financial crisis
Islamic banking has emerged as one of the
most rapidly expanding sectors of the global financial industry,
with expectations that it will play a growing role in the years to
come.Banks and financial institutions that comply with Islamic law (sharia)
showed impressive resilience
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Equity
Market: An investment option the Islamic way
In order to remain in the main stream
of the economy and have equitable investment opportunity, equity
stock market (The Islamic way) provides the most cost effective
investment solution for the Muslims. Hence they should take
advantage of the boom in the equity market of the country so that
they are not left behind in the economic growth that is being
witnessed
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Picture of the Day |
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Dr Shariq Nisar, Director of Research and Operations of
India’s premier shariah advisory firm TASIS and one of the
senior most professionals of Islamic Finance in India, was
in Malegaon on Sunday to address a seminar on "Prospects of
Islamic Finance in India".
(Photo:
ummid.com) |
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