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Islamic finance, money matters

Russia: Islamic banking may ease effect of sanctions

Russia: Islamic banking may ease effect of sanctions

Herman Gref, the head of Russia’s largest bank Sberbank, welcomed the introduction of Islamic banking in the country’s traditionally Muslim regions, saying it

Gaza: Islamic finance empowers women

Poverty and unemployment have pushed many women to become the source of income to their families, thus seeking to open their own enterprises through Islamic loans.

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New Zealand woman ditches banks for Islamic institutions

A Muslim woman who unsuccessfully lobbied New Zealand’s big banks for interest-free mortgages is turning her attention to other financial institutions

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Islamic fashion and Shariah finance

Dominated for centuries by small family businesses, the industry is now attracting interest from Islamic finance centers. Dubai has set up a tax-free

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Oxfam: 1% to own more than 50% of world’s wealth

The richest 1 percent of people in the world will have a majority of the wealth on the planet next year, according to development nonprofit Oxfam

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Muslim organizations shocked at HSBC’s abruptly closing their accounts

Following HSBC’s controversial decision to unilaterally close bank accounts belonging to a number Muslim organizations based in the UK, the Muslim organizations have hit back, branding the move “shocking” and “Islamaphobic.”

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Jordan considers Islamic bonds but aid may be more tempting

Jordan’s government is studying a proposal to issue its first Islamic bond but pressure to cut public debt and a preference for concessionary loans from aid donor countries could hinder the plan

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Dubai: Islamic finance qualifications in demand as industry takes off

Companies in the UAE will require a lot more than 8,000 new employees trained in Islamic finance next year as Dubai positions itself as the capital of the $8 trillion Islamic economy…

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Islamic investment becoming ‘financial powerhouse’ in the UK

Sharia-consistent financing is quickly developing in the UK and has turned into a “budgetary powerhouse”, as stated by master possession director London Central Portfolio. Nonetheless, the firm included that there are still constrained financing alternatives in the area.

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Report: Turkey has potential for Islamic insurance

Turkey has significant potential in the sector of Islamic insurance, as participation banks in Turkey held $39 billion in Islamic assets in 2012 and these are expected to grow to $121 billion by 2018, according to Ernst & Young (EY)…

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