Sukuk bonds offer American entities a unique opportunity to fund diverse initiatives while adhering to Shariah principles. Educational institutions increasingly focusing on Islamic finance, training professionals to meet the growing demand for expertise Islamic finance, established in the 1960s, has gained global traction due to its universal ethical principles. Even in the United States, it has been widely embraced, thanks to favourable environments and political backing. The country, known for financial innovation and economic prowess, has seen a surge in Islamic finance, rooted in ethical principles and Shariah-compliance. This alternative financial system has piqued the interest of both Muslim and…
Author: Zubair Mughal
Modest and Fashion are paradoxical words getting the global intentions from last few years. It basically means, wearing loose and less-skin revealing cloths in a way that fulfill ones spiritual and stylistic needs and meets the criteria of faith and religion along with personal preferences. Although modest fashion — the roller coaster of religious fashion industry, is a few decade old phenomenon but taken the momentum from last couple of years on streets, in media, online or on the catwalk. The concept was started in 1998 by Dana Becker, a converted Muslim from Minnesota, USA, is a good starting point…
The sun of 2021 has risen for the remnants of the Corona catastrophe and even in 2021 the fading shadows on economics, finance and banking still remain. The year 2020 was not encouraging to Islamic banking and finance industry rather the situation remained static and a similar situation was seen in all the subsidiaries of Islamic finance including Takaful, Islamic Microfinance, Islamic Capital Market, Sukuk, Islamic Fund and leasing sectors. According to an estimate, the volume of Islamic finance reached at $2.9 trillion by the end of 2020, and it is fairly expected that despite the ongoing destruction of the…
Islamic banking and finance will be a major contributing industry of Philippines in near future as it is a double-digit growing emerging phenomenon due to its sustainable and viable characteristics from last several years. The total volume of Islamic banking and finance has crossed $2.6 trillion globally. The growth of the Islamic banking and finance volume in different continents and areas is continuously increasing with the positive node. Due to the reason, total 2,500 Islamic banking and financial institutions are working in every populated continent including both Muslims and non-Muslim countries. IsBF has different modes of financing and rage of…
The total volume of Islamic Banking and Finance has been exceeded $2.6 trillion globally. The growth of the Islamic banking and finance volume in different continents and regions is continuous with the positive node but sometime it varies region to region. Due to the reason, about 2,500+ Islamic banking and financial institutions are working in every region including both Muslims and non-Muslim countries. In the current era, Islamic banking and finance started in 1960s from Egypt and Malaysia and dramatically spread over the Middle East, Africa, Europe and other regions. The growth of this phenomenon swiftly increased in Middle East, South and East Asia…
Touching the borders of Asia and Europe, Turkey is a splendid country full of God’s blessings that include it’s amazing geographical location. Its shoreline is a bridge between Europe, Asia and African countries, considering multiple factors including its important role within the region and its geographical conditions, it’s not wrong to say that the prospects of Turkey to become Islamic banking and finance hub is very high, due to different financial, economic and other regional issues in emerging Islamic finance centers. Turkish Banking and Financial Industry have a big influence in regional financial markets. Kyrgyzstan, Tajikistan, Azerbaijan, Uzbekistan and other…