Middle East and North Africa

Middle East and North Africa

Oil-Rich Middle East Region Takes Up Green Finance

The oil-rich Middle East might not be at the forefront of green finance—investment supporting environmentally friendly projects—but governments and financial institutions are taking steps...

Oman’s Islamic Banking Assets Note Huge Year-on-year Growth

The total assets of Islamic banks and windows in Oman reached to RO3.3bn at the end of March 2017, or 10.8 percent of total...

Agreement for Promotion of Islamic Finance in Azerbaijan Signed in Baku

Studying of Economic Resources (SER) and AlHuda Centre of Islamic Banking and Economics (CIBE) have signed an agreement for the promotion and development of...

Islamic Finance Emerges as Potential Tool for Sustainable Development

Latest reports on global financial trends show that Islamic banking has emerged as an efficient tool for curbing poverty and sustainable development. Islamic finance relies...

New Sharia Standards for Islamic Banking Promoted in Dubai

Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has launched a new set of Sharia standards for Islamic banking and financing. Experts and scholars...

IDB Islamic Finance Forum Outlines Actions for Empowering Youth Entrepreneurship

The role of Islamic finance in providing venture capital, innovation and youth entrepreneurship were among the topics discussed at the 12th Islamic Development Bank...