Islamic trade body pivots from oil to soil to help fight pandemic

Hani Salem Sonbol RIYADH: A Saudi-based trade finance group is re-purposing funding to help countries across the Islamic world meet challenges created by the coronavirus disease (COVID-19). The International Islamic Trade Finance Corporation (ITFC), a unit of the Jeddah-based Islamic Development Bank, was set up to boost trade and improve living conditions across the Islamic world. …

New Islamic banking rules are ‘prelude’ to Mindanao investments surge, says Fortun

Agusan del Norte Rep. Lawrence Fortun has expressed confidence that the new decade will mark the start of a surge in finance and banking in Mindanao following approval of initial implementing regulations of the new Islamic Banking Law. Fortun said with the new law and rules, the Islamic banks can soon reach out to the …

A Basic Course on Islamic Banking and Finance to be held in CDO and KL

A BASIC TRAINING COURSE ON ISLAMIC BANKING AND FINANCE will be held on March 3, 4, 10, 11, 17 and 18, 2018 at Mallberry Hotel, Cagayan de Oro City, and final lectures and awarding of certificates at Kuala Lumpur, Malaysia on March 29, 30 & 31. This was revealed in an advisory to officers and members …

Questions on Islamic Banking and Finance

By AMANODING D. ESMAIL, CPA, MPA1. What is the importance of Islamic Banking?Islamic finance is more than just delivering products and services to customers. It is about having a certain kind of worldview that understands the competing realities of the poor and the rich, the environment and the economy, and the future and the present.The …