AIMS (UK) announced MBA in Islamic Banking and Finance

 

AIMS, United Kingdom - Aug 20, 2008

AIMS (UK) singed an agreement with an internationally recognized Pebble Hills University. As per the agreement, Pebble Hills University will award an MBA in Islamic Banking and Finance in collaboration with AIMS. This MBA will be awarded to those students/professionals who will successfully complete the CIFE (Certified Islamic Finance Expert) certificate from AIMS as well as Global Executive MBA from Pebble Hills University. AIMS will be .......

 

Islamic Banking expanding rapidly

 

New Straits Times, Malaysia - Aug 29, 2008

Malaysian Finance Ministry said that Islamic banking continues to grow with total assets expanding by 12.6 percent to RM177 billion as at June 30 compared with RM157.2 billion as at end of last ....

 

SBP to include SMEs, Agriculture & Micro Finance in Islamic Banking soon

 

Daily Times, Pakistan - Aug 25, 2008

State Bank of Pakistan (SBP) would soon include Small and Medium Enterprises (SMEs), agriculture and micro finance to regulate and strengthen Islamic Banking....

 

Turkey seeks to attract investment at Islamic forum

 

Reuters, UK - Aug 29, 2008

Middle East investment in Turkey has been rising steadily in recent years, with the Islamic banking sector in particular on the receiving end of large ....

 

As Islamic Finance Booms Globally, ...

 

Daily News Egypt, Egypt - Aug 27, 2008

No longer a niche industry, Islamic finance is quickly becoming a confident participant in the global scene of profit-and-loss sharing, venture capital and ethical investment. Islamic finance is growing at a rate of about 15 percent annually, the study found. Consulting firm McKinsey & Co. predicts at least a 20 percent growth over the next five years, ...

 

Islamic finance forum to review growth strategies

 

Gulf Daily News, Bahrain - Aug 17, 2008

More than 1000 renowned leaders and experts from the banking industry will converge in Bahrain at the 15th Annual World Islamic Banking Conference ......

 

The Islamic Credit Card Controversy!

 

Article by Asharq Alawsat, UK - Aug 27, 2008

An Islamic banking researcher who agreed to speak on condition of anonymity stated that the credit cards currently offered by banks entail usury and even .......

 

Gulf banks launch three Islamic investment firms

 

Reuters guardian.co.uk, UK - Aug 27, 2008

Islamic companies comply with sharia law which bans, among other things, the payment or receipt of interest. (For Reuters content on Islamic finance, ...

 

Islamic finance may entice credit-wary investors

 

Reuters - Aug 18, 2008

By Umesh Desai - Analysis HONG KONG (Reuters) - The global credit crisis presents the $1 trillion Islamic finance industry with an opportunity to expand its ...

 

Islamic finance gathers steam in GCC

 

Middle East North Africa Financial Network, Jordan - Aug 19, 2008

(MENAFN - Arab News) Saudi utilities and corporates are emerging as major drivers of Islamic finance transactions with a spate of high-powered and, ...

 

Islamic Finance Attracting Ethical Investors

 

Money UK, UK - Aug 20, 2008

A provider of Islamic finance in the UK has indicated that non-Muslims are becoming increasingly attracted to their alternative approach to banking. .....

 

Islamic finance bank approved in Hong Kong

 

FinanceAsia, Hong Kong - Aug 19, 2008

By Edward Russell | 20 August 2008 Hong Leong Bank has been granted approval by the Hong Kong Monetary Authority to open the city’s first Islamic finance ...

 

Gatehouse sees more UK Islamic investment banks

 

Daily Times, Pakistan - Aug 12, 2008

“It has the potential to grow because of the high demand and the interest to make the UK the international heart of Islamic finance business,” Merhi told ...

 

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Industry Growth
The global potential of the Islamic banking market is "conservatively" estimated at $4,000bn, according to Moody's Investor Service, while the current market is estimated at only $700bn, most of it in the Gulf. With such potential it becomes clearer why governments, eager to please their Muslim populace, are encouraging more banks to start up and expand outside domestic markets..

Financial Times UK,

July 2008

 
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