Sept 18 Dubai-based OneGram Group has listed a
cryptocurrency it bills as sharia-compliant on the company's
virtual exchange and is planning additional listings in coming
months, its chief executive said on Tuesday.
Regulators overseeing Islamic banking must revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III, a global industry body said on Sunday.
New York-based Wahed Invest has launched two sharia compliant index-tracking funds under its robo-adviser platform, as the firm looks to attract an underserved segment of Muslim retail investors, the company said on Wednesday.
Aug 29 Assets and revenues at Qatar's Islamic
banks have grown over the past year but an increase in problem
loans and a drop in foreign currency lending underscore the
impact of a diplomatic rift in the region.
A new digital exchange aims to attract listings from sharia compliant financial technology startups, its chief executive said on Monday, part of a growing number of firms looking to modernize Islamic finance.
New York-based Wahed Invest has launched an automated investment service in Britain to tap into Muslim investors seeking religiously permissible investments, the sharia compliant robo-advisor said on Monday.
July 23 Uzbekistan plans to introduce Islamic
finance regulations and set up an Islamic finance institution to
expand its banking sector and tap foreign markets as part of
President Shavkat Mirziyoyev's efforts to revamp the economy.
Islamic trade finance is poised for change with the launch of new products and common standards as Islamic banks look to grab market share away from traditional lenders which are retreating from the sector because of regulatory constraints.
SYDNEY California-based Stellar has received certification from Islamic scholars for its blockchain platform and related cryptocurrency, aiming to integrate the technology into the field of sharia-compliant financial products.
June 28 The government of Malta has established
a national body to help drive the development of Islamic finance
with further plans for legislation to facilitate the sector as
the country aims to attract business from Middle East firms.