Cover Story

UAE vs Malaysia: Battle of the titans

Malaysia may hold the global Islamic finance education hub title riding on its position as one of the world’s most advanced Islamic financial economies but the Southeast Asian powerhouse is facing serious competition from the UAE with Dubai...


Featured

Highly-skilled human capital will drive long-term growth of Islamic finance

Bill Owens, an American politician famously said: “A strong economy begins with a strong, well-educated workforce.” In this observation, he certainly nailed the driving force behind any economy, says ABDULLA MOHAMMED AL AWAR. While the need...


News briefs

CIMB to offer ASEAN-wide scholarship program

MALAYSIA: CIMB Group has signed an MoU with the UK’s Foreign & Commonwealth Office (FCO) to establish the first-ever Chevening-CIMB ASEAN scholarship program. Under the partnership, CIMB will sponsor five students selected from the ASEAN...


News briefs

IIBFI offers fast-track course on Islamic finance

INDIA: The Institute of Islamic Banking Finance and Insurance (IIBFI), in association with The Siasat Urdu Daily, has launched a fast-track certificate course in Islamic banking, finance and insurance and will sponsor 100 students through a...


Industry Insight

What makes an Islamic finance expert

Today, the Islamic finance industry is growing at a relatively high rate. If we follow the news, we find that Muslims are not the only ones looking for the implementation of Islamic finance principles, but some non-Muslims are also trying to...


News briefs

PQFTL and IMS launch Takaful programs

PAKISTAN: Pak-Qatar Family Takaful has signed an MoU with the Institute of Management Sciences (IMS) Peshawar to launch training and awareness programs on Takaful, according to Pakistan’s Daily Times.
 


News briefs

Turkish bourse hold training program for BBI

TURKEY: Borsa Istanbul has launched a training program for employees of Bosna Bank International (BBI) and will collaborate with Kuveyt Turk to implement the program. The training program is part of an MoU between the bourse and the Bosnian bank to...


Market Report

Where are all the women in standard-setting and rule-making?

Women’s expertise is almost completely unrepresented in the emerging international governance and standard-setting institutions of Islamic finance such as AAOIFI and the IFSB. And industry insiders in Islamic financial services often claim that...


News briefs

NASDAQ Dubai offers Islamic finance courses

GLOBAL: NASDAQ Dubai, via its training arm NASDAQ Dubai Academy, is offering courses in Dubai and elsewhere on topics including Islamic finance, corporate governance, Basel III regulations and derivatives. The stock exchange held its first workshop...


News briefs

IIUM and Ma’din Academy collaborate

GLOBAL: From June onwards, International Islamic University Malaysia (IIUM) will be collaborating with Ma’din Academy in the southern Indian state of Kerala to conduct its Islamic banking and finance program at the Indian institution. According...


Market Report

Bosnia-Herzegovina adds Islamic flavor to its bourse indices

While there is no proper regulation accommodating Shariah financing as yet, Bosnia-Herzegovina (BiH) remains steadfast in pushing its Islamic finance initiatives with plans to establish an Islamic index, seeking to increase foreign direct...


News briefs

CIBAFI and IIF announce sophomore program

BAHRAIN: The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Institute of International Finance (IIF) have announced the launch of their second joint Executive Program on Islamic finance themed ‘Global Developments...


News briefs

AAOIFI and BIBF to launch e-learning platform

BAHRAIN: AAOIFI and the Bahrain Institute of Banking and Finance (BIBF) have signed a cooperation agreement to commence an e-learning platform project funded by Ibdar Bank. To enhance the currently offered courses and programs pertaining to Islamic...


News briefs

ADIB and Emirates Foundation collaborate

UAE: Abu Dhabi Islamic Bank (ADIB) has signed a three-year agreement, with a commitment of AED1.5 million (US$408,278), with the Emirates Foundation, a philanthropic organization set up by the Abu Dhabi government that focuses on youth empowerment,...


News briefs

EI participates in academic study program

UAE: Emirate Islamic (EI) recently hosted students from the Miami University of Ohio and the University of Minnesota’s Carlson School of Management under a cross-cultural learning program organized by the academic institutions. As part of the...


News briefs

RAKBANK launches IRTIQA

UAE: Ras Al Khaimah Bank (RAKBANK), which operates an Islamic banking window has launched a two-year Management Associate Program, IRTIQA, offering fresh graduates the opportunity to take part in an engaging and interactive learning program that...