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IFSB rates health of Islamic finance hubs
Apr27

IFSB rates health of Islamic finance hubs

The Islamic Financial Services Board (IFSB) in Kuala Lumpur announced (27 April 2015) the release of its Prudential and Structural Islamic Financial Indicators (PSIFIs) for 15 member countries, analysing their current state of financial health. Britain, France and Luxembourg, which are competing in Europe to win ever bigger slices of Islamic finance business and wean at least a part of the sector away from Asia, have yet to join the...

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Islamic finance disputes: Arbitration options
Feb10

Islamic finance disputes: Arbitration options

Disputes involving Sharia-compliant financing agreements can be complex and require an appropriate form of dispute resolution. Sarah Walker and Tom Childs from King & Spalding explain that arbitration may provide an answer. Islamic finance has entered the mainstream. Around $2 trillion-worth of assets were estimated to be managed in accordance with Islamic law, or Sharia, globally at the end of last year (2014) while western...

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Desperately seeking sukuk: IBF’s allure for cash-strapped Europe
Apr29

Desperately seeking sukuk: IBF’s allure for cash-strapped Europe

After years of neglect and protracted prejudice, European countries are coming round to the idea that Islamic banking or Islamic finance aren’t suspect or terrorism-related after all. Increasing numbers of European governments are being drawn to Islamic finance, a chief instrument of which (for Europe at least, for now) is sukuk. Sukuk is loosely defined as a financial certificate, similar to a bond in conventional international...

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