REGISTER FOR THE COURSEDOWNLOAD BROCHURE Fitch Ratings-Dubai/London-23 March 2021: Oman’s Islamic banking sector growth is likely to continue apace in 2021-2022 following strong momentum in 2020 despite the pandemic and lower oil prices, Fitch Ratings says. Islamic financing in Oman grew by 9.5% in 2020, compared with the conventional banks’ loan growth of 2.1%. This was
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Increase in assets, deposits highest since 2015 and 2012 respectively, says State Bank of Pakistan Pakistan has recorded a 30% growth in Islamic banking assets during the 2020 fiscal year. According to a report released by the State Bank of Pakistan on Wednesday, the overall deposits of the Islamic banking industry have also shown a growth
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LONDON – Islamic finance industry infrastructure bodies AAOFI and IFSB are working together to develop a standard on Shariah governance. Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions and Kuala Lumpur-based Islamic Financial Services Board signed a memorandum of understanding in October 2018 to cooperate by jointly undertaking technical activities and revision of prudential, Shariah, accounting
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Turkey is likely to become an attractive center for interest-free Islamic finance after a new economic reform package was unveiled, according to an Istanbul University professor. Servet Bayindir, who is also a member of Turkey’s Presidential Economic Policies Board, told Anadolu Agency that Turkey is in a more advantageous position than Malaysia or the UK, two
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