Egypt To Launch Islamic Stocks By Mid-June
The Egyptian Islamic Finance Association (EIFA) announced on Thursday it will launch its list of financial…
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Islamic finance
Ali Gomaa Says Islamic Economy Depends On Free Markets
Ali Gomaa, former Grand Mufti of Egypt, said Islam prohibits monopoly and its economy is based on free markets,…
Libya Bank Lending Paralyzed Amid Interest Ban: Islamic Finance
Ali Gumma finally saved enough money to buy a plot of land near Tripoli and was planning to build a family home…
Global Islamic Banking Valued At US$1.5 Trillion At End-March: El-Beltagy
The Chairman of Egyptian Islamic Finance Association, Dr. Mohamed El-Beltagy, has revealed that the volume of…
Bombay Stock Exchange Launches Broad-Based Islamic Index
The Bombay Stock Exchange (BSE) has launched an Islamic equity index based on the wide-measure…
Islamic Finance a Catalyst for Driving an Integrated Islamic Economy
The 3rd Annual Middle East Islamic Finance and Investment Conference (MEIFIC 2013) which was held today at the…
CBE Suspends Granting New Islamic Banking Licenses In 2013
The Central Bank of Egypt (CBE) will not grant Islamic banking licenses in the meantime amid the low growth rates…
NBE’s Islamic Retail Finances Hit EGP 150 Mln At End-March
The National Bank of Egypt’s (NBE) Islamic retail finances reached about EGP 150 million at the end of Q1 of 2013.…
Agricultural Credit Bank To Offer EGP 100 Mln Islamic Micro-Enterprise Finances
The total value of Murabaha finances offered by the Principal Bank for Development and Agricultural Credit (PBDAC)…
Suez Canal Bank’s Islamic Banking Transactions Hit EGP 950 Mln At End-2012
Suez Canal Bank’s Islamic banking transactions reached EGP 950 million at the end of 2012, registering an annual…