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A Glimpse into Islamic Finance in 2016

Halal finance has now created opportunities for businesses, governments, banks, and individuals across the Middle East, Africa, South Asia, East Asia, Southeast Asia, Australia, Russia, Europe, and North and South America.  This form of finance has penetrated the financial markets around the world and enables people to diversify portfolios, perform interest-free financial transactions, and attract...

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Islamic Finance, Challenges and Opportunities

Islamic Finance – Opportunities and Challenges

By Mufti Ismail Ebrahim Desai

The Islamic Financial system has witnessed considerable developments in the past four decades and is now regarded as one of the fastest growing segment of the global financial system. Islamic finance assets grew at double-digit rates during the past decade, from about US$200 billion in 2003 to an estimated US$1.8 trilli...

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Islamic Finance, Challenges and Opportunities

Islamic Finance – Opportunities and Challenges

By Mufti Ismail Ebrahim Desai

The Islamic Financial system has witnessed considerable developments in the past four decades and is now regarded as one of the fastest growing segment of the global financial system. Islamic finance assets grew at double-digit rates during the past decade, from about US$200 billion in 2003 to an estimated US$1.8 trilli...

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Book Review for Islamic Banking: Theory and Practice (2012) by *Dr. Muhammad Hanif

Book Review for Islamic Banking: Theory and Practice (2012) by *Dr. Muhammad Hanif

 

By: Camille Paldi

 

This textbook is a masterpiece on Islamic Banking combining financial theoretical, accounting, practical, and Shari’ah knowledge into a valuable tool for gaining a firm understanding of the history, core financial and accounting concepts of Islamic Banking and Finance, and Shari’ah rulings ...

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Book Review for The Art of Riba-Free Islamic Banking and Finance (2014) by Dr. Yahia Abdul-Rahman

 

By: *Camille Paldi

 

This book is a fascinating account of the journey of Dr. Yahia Abdul-Rahman and his family in their journey to America from Egypt in 1968 in his pursuit of several MA degrees and a PHD and a glimpse into his rich professional life, which includes the pioneering of no interest banking in the United States through his highly successful venture LARIBA and Whittier Bank in S...

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Islamic Trade Finance Report 2015

Islamic Trade Finance Report 2015

By: Camille Paldi

 

 

Islamic trade finance refers to financing import and export through Islamic financing modes and instruments.  In 1995, exports of 52 Muslim countries were US$340 Billion and imports were US$350 Billion.  Of these totals, inter-Muslim countries’ trade doesn’t exceed 10% (Kahf: 1997) In 1997, there were 177 Islamic banks and financial inst...

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Book Review for Islamic Financing: Shift from Debt to Equity: An Anaylsis of Business Framework (2011) by Dr. Muhammad Hanif, Associate Professor (Islamabad)

By: Camille Paldi

 

This brief but brilliant book takes the reader on a fascinating voyage through the financial reporting and accounting world of the conventional and Islamic finance industries and examines the methods currently being utilized and cross-utilized by the conventional and Islamic finance systems.  In addition, the author diligently points out the strengths, weaknesses, and loopho...

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Welcome to the International Takaful and Conventional Mutual Insurance Consortium, Jan. 11, 2016 in Abu Dhabi, UAE!

Dear Colleague:

 

Welcome to the International Takaful and Conventional Mutual Insurance Consortium, Jan. 11, 2016 in Abu Dhabi, UAE!

 

The aim of the consortium is to create an event space where both conventional mutual insurance and takaful can be explored, ideas exchanged, and business relationships forged between takaful operators, mutual insurance professionals, insurance associations, ...

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