Welcome to the Islamic Finance Resources blog, a grassroots initiative started by industry professionals and supported by practitioners from around the globe.

We constantly update this site and its overall content, and encourage you to use the various navigation tools available and welcome your feedback and comments.
A few of the resources that you can find in this site:
- Funds@Work: Network Analysis Among Sharia Scholars v 4.0
- ISRA: Islamic Finance Knowledge Repository
- IFSB-IRTI-IDB Islamic Finance and Global Stability Report
- Sukuk Reports: I, II, III, and IV
Much more available under 'Industry Reports' and 'Academic Papers' (right hand side menus)

Islamic Finance in the News

Islamic Markets on Twitter



Showing posts with label news. Show all posts
Showing posts with label news. Show all posts

23.11.11

Thomson Reuters launches the world's first Islamic Interbank Benchmark Rate (IIBR)

Thomson Reuters launches the world's first Islamic Interbank Benchmark Rate (IIBR)

This is a welcome development for the Islamic Finance industry:


'Thomson Reuters today launched the world's first Islamic finance benchmark rate, designed to provide an objective and dedicated indicator for the average expected return on Shariah-compliant short-term interbank funding: The Islamic Interbank Benchmark Rate (IIBR).'

Further details in the official press release.
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14.10.11

5th International Islamic Capital Market Forum (IICMF)

Risk Sharing: A Way Forward To Public Good
5th International Islamic Capital Market Forum (IICMF)
Kuala Lumpur on 10th November 2011

The IICMF is an effort by the SC to promote the Islamic capital market and serves as a capacity and knowledge building forum that addresses current issues, including strengths, challenges, risks and opportunities in the Islamic finance industry. The 5th IICMF will focus on a risk-sharing system as an alternative to the present fractional banking system from the perspectives of the economics, legal and Shariah.

The details on the event can also be viewed at http://www.sc.com.my/eng/html/icm/iicmf/iicmf_2011.pdf
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16.8.11

Survey: Perspectives on Trends in Islamic Finance

Hello Global Islamic Finance Resources community,


We are a team of MBA students working on a research project revolving around trends of the Islamic Finance industry. We are hoping to gather some feedback and opinions from the GIFR community on some identified trends that we believe exhibit increasing prominence in shaping the industry for the future. We have prepared a short questionnaire that would take approximately 10 to 15 minutes to complete. Your responses would go a long way in assisting us in our research.


Thanks in advance!






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31.7.11

Job Opportunities in Islamic Banking & Finance

Job Opportunities in Islamic Banking & Finance
AIMS - Academy for International Modern Studies
July 2011

This is a periodic compilation of job postings and openings from a multitude of sources (all relevant to Islamic banking & finance), which can be found on the AIMS website. Hoping to highlight other similar sources in the future and feedback in this regard is also very welcome. 


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Can Islamic finance play key role in growth and prosperity?

Can Islamic finance play key role in growth and prosperity?
By Mushtak Parker
Arab News
July 2011

"In perhaps one of her more potentially important speeches in recent times, Zeti Akhtar Aziz, governor of Bank Negara Malaysia, the central bank, stressed that the increasing internationalization of Islamic finance and the burgeoning trade and economic linkages between the emerging countries present an important opportunity for the industry to make a meaningful and enhanced contribution toward economic growth and prosperity of these countries."
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28.7.11

A Different Kind of Consolidation in Islamic Finance

A Different Kind of Consolidation in Islamic Finance
By Rushdi Siddiqui
July 2011

One of the most over-used words in Islamic finance is not standardization, scholars, regulations, etc., but 'consolidation'. Islamic banks, Islamic leasing companies, Takaful companies need to consolidate to reach size and achieve scale.



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12.7.11

Report Card of Islamic Indices

Report Card of Islamic Indices
By Rushdi Siddiqui
Business Times
July 2011

"Islamic equity indices, 1.0, became a global ‘instrument’ in 1999, with the launch of the Dow Jones Islamic Market Index (DJIM). But, what progress, if any, has been made in the last 11 years on Islamic indexing?"


Read more: Report card of Islamic indices
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3.7.11

SC receives awards for ICM efforts (and MIFC eNewsletter)

SC receives awards for ICM efforts

The Securities Commission Malaysia (SC) has received the prestigious "Outstanding Contribution to the Development of Islamic Capital Market" award at a dinner held in conjunction with the 5th London Sukuk Summit from 8-9 June 2011. The SC’s Islamic Capital Market consultant Wan Abdul Rahim Kamil was also recognised with an award for “Outstanding Leadership in Islamic Finance”.

Read the rest of the MIFC eNewsletter here (June edition).

The award recognises the depth and breadth of Malaysia’s Islamic capital market and the pivotal role played by the SC in this regard. Accounting for 72.5% of global Sukuk issuances by domicile in 2010 and 65% of global sukuk outstanding by domicile as at December 2010, Malaysia’s pole position in the global Sukuk market was widely recognised by all the event. With its compounded annual growth rate (CAGR) of 22.2% from 2000-2010 and an expectation of double digit growth over the coming ten years, Malaysia was also acknowledged at the Summit as the engine for Sukuk market growth.

The awards were received on behalf of the SC and Wan Abdul Rahim Kamil by Dato Dr Nik Ramlah Mahmood, Managing Director of the SC who had earlier presented to the forum on the growth and diversity of Malaysia’s Sukuk market.

Established to help raise the standards in the Islamic finance sector and to set the highest benchmarks for the industry globally, the London Sukuk Summit Awards underline the international community's recognition of the important role the SC has played and will continue to play in the development and growth of Islamic finance and Sukuk in particular.
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24.6.11

Job Opportunities in Islamic Banking & Finance

Job Opportunities in Islamic Banking & Finance
AIMS - Academy for International Modern Studies
June 2011

This is a periodic compilation of job postings and openings from a multitude of sources (all relevant to Islamic banking & finance), which can be found on the AIMS website. Hoping to highlight other similar sources in the future and feedback in this regard is also very welcome.
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21.5.11

Question time: Revival, reach of Islamic finance

Question time: Revival, Reach of Islamic finance
By Rushdi Siddiqui
Business Times
May 2011

"It's polling time once again in Islamic finance but, today, we survey two major developments, Arab revolution and death of Osama Bin Laden (OBL), and examine the consequences, if any, on Islamic finance in the Maghreb and anti-syariah sentiment countries."

Read more: Question time: Revival, reach of Islamic finance 
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1.5.11

Grooming Gen Y for Islamic Finance - Tweeting Islamic Finance

Grooming Gen Y for Islamic Finance
Tweeting Islamic Finance
By Rushdi Siddiqui
Global Head, Islamic Finance & OIC Countries, Thomson Reuters

Unless Islamic finance is made relevant to young people, it will struggle to gain popularity and grow in strength in the future.

Read the full article here.

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27.4.11

Islamic Banking in Indonesia: Lessons Learned

Islamic Banking in Indonesia: Lessons Learned
By Rifki Ismal, Directorate of Islamic Banking, Bank Indonesia
April 2011

This is a paper prepared for the Annual Meeting on Trade and Development, United Nations of Conferences on Trade and Development, April 6th-8th, 2011, in Geneva, Switzerland.

Abstract: "In Indonesia, Islamic banking shows a progressive performance with a robust performance of banking indicators. Its operations  engage non bank financial institutions, Islamic money and capital market and takaful (Islamic insurance) with the ultimate target of financing the real sector and improving the economy. However, there are still some challenges to be solved in particular the small market share, lack of human resources and, lack of product development. Some recommended actions are proposed in the paper to mitigate those problems and foster the development of the Islamic banking industry."
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23.4.11

Taking Takaful to the next level - The Malaysian Experience

A new publication, Special Report: Taking Takaful to the next level - The Malaysian Experience, is available on RAM's website.

Please click here to view the publication.
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21.4.11

AIMS - Job Opportunities in Islamic Banking & Finance

Job Opportunities in Islamic Banking & Finance
AIMS - Academy for International Modern Studies
April 2011

This is a periodic compilation of job postings and openings from a multitude of sources (all relevant to Islamic banking & finance), which can be found on the AIMS website.  Hoping to highlight other similar sources in the future and feedback in this regard is also very welcome. 

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13.4.11

Muslim BRIC has arrived

Muslim BRIC has arrived
By Rushdi Siddiqui
Business Times
April 2011

"On April 4, Thomson Reuters, along with their partners, IdealRatings, and World Halal Forum launched the SAMI Halal Food index. The SAMI Halal food index stands for Socially Acceptable Market Investments.

The index is about the beginning of convergence between Islamic finance and Halal industry. But, more importantly, its about Muslim country inward investing as Muslims, presently as 'consumer investors' in these halal food firms become shareholder investors.

Now, within the 'BRIC context,' SAMI stands for Saudi, Ankara, Malaysia and Indonesia. Without getting into the multitude of economic and financial numbers for these four countries on GDP growth, inflation, foreign direct investment, exports, debt capital market development, population growth patterns, and so on, we have a compelling established emerging market that happens to be Muslim countries on the old Silk Road."

Read more: Muslim BRIC has arrived
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19.3.11

Call for Papers - Eight International Conference on Islamic Economics & Finance

Eight International Conference on Islamic Economics & Finance
"Sustainable Growth and Inclusive Economic Development From An Islamic Perspective"
Doha, Qatar
December 25-27, 2011


Call for Papers:  The global economy continues to face the perennial problems of poverty, persistent youth unemployment, excessive inequalities of income and wealth, high levels of inflation, large macroeconomic and budgetary imbalances, exorbitant debt-servicing burdens, inadequate and aging public utilities and infrastructure, skyrocketing energy prices, and growing food insecurity. The reoccurring regional and global financial crises further intensify and magnify these problems particularly for the underprivileged segments of the world population. As a result, many countries are at the risk of failing to achieve the Millennium Development Goals (MDGs) set by the United Nations. However, some countries also present optimistic experiences to share, and from which useful lessons can be drawn for shaping the future economic scene in other countries.

The Eighth International Conference on Islamic Economics and Finance is jointly being organized by the Qatar Foundation’s Faculty of Islamic Studies (QFIS) through its Islamic Economics and Finance Center, the Islamic Development Bank Group through its Islamic Research and Training Institute (IRTI), and the International Association for Islamic Economics with the support of other stakeholders. The Conference will provide a platform for dialogue and discussions between policymakers, academics, researchers, graduate students, and practitioners to address the problems of poverty alleviation, inclusive economic growth, and macroeconomic stability from the perspective of the Islamic Economics and Finance discipline. The Conference will be held for three days during December 25 – 27, 2011 in Doha, Qatar.
Theoretical and empirical research papers are invited in Arabic and English languages for submission to the Conference in the following and related areas, subject to the conditions described in this announcement.

Tickets and Hotel: One author of each accepted paper will be paid by IRTI round-trip economy class air tickets, and hotel stay, including food during the conference.

Dates to Watch: 
Submission of abstracts with CVs April 15th
Decision of Academic Committee May 5th
Submission of First Draft of Papers July 15th
Decision of Academic Committee August 15th
Submission of Final Draft October 10th

Download Call for Papers:
http://www.qfis.edu.qa/files/pdf/Eigth%20Int%20Conf%20Call%20for%20Papers.pdf

With sincere thanks to Dr. Taruqullah Khan for highlighting this information.
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19.2.11

AIMS - Job Opportunities in Islamic Banking & Finance

Job Opportunities in Islamic Banking & Finance
AIMS - Academy for International Modern Studies
February 2011

This is a periodic compilation of job postings and openings from a multitude of sources (all relevant to Islamic banking & finance), which can be found on the AIMS website.  Hoping to highlight other similar sources in the future and feedback in this regard is also very welcome.
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16.2.11

Sector Report: Islamic Finance

Sector Report: Islamic Finance
Global Finance
By Anita Hawser
February 2011

"The growing popularity of Islamic financing and an intensified focus on risk management in the global banking industry are prompting greater awareness of the need for a unified—and appropriate—regulatory regime."





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20.1.11

The World Interfaith Harmony Week

The World Interfaith Harmony Week

The World Interfaith Harmony Week is based on the United Nations General Assembly Resolution A/65/PV.34 for a worldwide week of interfaith harmony. It was proposed in 2010 by HM King Abdullah II and HRH Prince Ghazi bin Muhammad of Jordan. The World Interfaith Harmony Week will fall on the first week of February of every year and aims to promote harmony between all people regardless of their faith.

This week of observance might go unnoticed by the Islamic finance industry (letters of support come from all corners of the world, but few if any Islamic banks seemed to be aware of it), however we do hope that this same industry can serve as an example of how people from various faiths, backgrounds and nationalities can find a common ground.  Read more about the World Interfaith Harmony Week on their official website (see reference link).
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7.1.11

How it all started: "Birth of the blog"

Recently we were interviewed by Thomson Reuter's Global Head of Islamic Finance, Rushdi Siddiqui, to provide the back story of how the IFR Blog came into existence.  You can read the full feature (entitled "Birth of the Blog") from the December edition of Islamic Business & Finance Magazine with the following link.

We hope that the interview provides insights on how the blog has developed, but most of all on the need to better disseminate information about Islamic finance and reduce the time/costs associated with searching for relevant industry information.


Many thanks to Rushdi Siddiqui for knocking on the IFR door!
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