Islamic Finance Today

Islamic Finance Today IFT has also been cited as a primary source of information in Reports such as Islamic Finance 2009 compiled by Islamic Financial Services London (IFSL).

IFT enjoyed much popularity in the industry at its height, so much so that a research report titled Islamic Finance and Economics as Reflected in Research and Publications by Dr.Nazim Ali of Harvard Law School (2008) listed Islamic Finance Today (Sri Lanka) as one of six Popular Islamic Finance Journals, alongside others such as Islamic Banker (United Kingdom), Shirkah Islamic Business and Finance

(Switzerland), Investor’s Magazine (Kuwait) and Business Islamica and Islamic Business & Finance (United Arab Emirates).

IFT - August 2016 issue is outA Trailblazer Speaks- Interview with Dr. Sharia Nisar  The Lone Elephant - Islamic Finance...
22/08/2016

IFT - August 2016 issue is out

A Trailblazer Speaks
- Interview with Dr. Sharia Nisar


The Lone Elephant - Islamic Finance in India
- Junaid Wahedna

Venture Banking for our Future - Why we need to invest in our young people
- Rushdi Siddiqui

Green Financing
- Blake Goud

The Door is Open - Malta's message to Sharia Compliant Business
- Andrew Borg and Reuben Buttigieg

Why Islamic Finance is ideal for Agricultural, Micro & Rural Financing
- Zubair Mughal

A New Series of Books for Islamic Finance Adventures
- Paul McNamara

Visit http://iftmagazine.com/

Islamic Finance Today

Islamic Finance Today (IFT) June issue is out... Inside stories....Back to the FutureDaud Vicary Testing Time for Islami...
13/06/2016

Islamic Finance Today (IFT) June issue is out...

Inside stories....

Back to the Future
Daud Vicary

Testing Time for Islamic Banking & Finance
Khaliq Ahmed

Risk Management with Stress Testing in Islamic Banks
Jamshaid Anwar Chattha

Towards Greater Financial Inclusion of Refugees in the Fourth Industrial Revolution: A Risk-sharing Based Islamic Financial Solution
Abbas Mirakhor and Alaa Alaabed of INCEIF & Ali Alaabed, UNSW

Islamic Finance : Question & Answer
M***i Ismail Ebrahim Desai

Visit www.iftmagazine.com , create your FREE account and start reading....

For an Islamic financial institution the purpose of business is not profit but providing, ethical, financial service to the...
02/05/2016

For an Islamic financial institution the purpose of business is not profit but providing, ethical, financial service to the community. Community and social development becomes the purpose of the business through which it generates profit. Profit is a secondary objective coming after the benefit to the community has been established.

~Joy Abdullah - head of strategic planning & corporate affairs at INCEIF- The Global University of Islamic Finance and writes on ethical brand marketing, strategic brand management and sustainable business strategies~

To read more visit, www.iftmagazine.com and create your FREE accounts and start reading..

Islamic Finance Today (IFT) April issue is out..Inside stories...Musings on MicrofinanceCharles Selestine Islamic Microf...
18/04/2016

Islamic Finance Today (IFT) April issue is out..
Inside stories...

Musings on Microfinance
Charles Selestine

Islamic Microfinance – Some Thoughts
Professor Malcolm Harper

Can Islamic Fnance Show its Economic and Societal Value?
Joy Abdullah

Islamic Finance and Financial Repression
Abbas Mirakhor

Talent Development: A Key to Industry Success
Abdelilah Belatik

Will trusts be the gateway for Islamic Finance in Europe?
Reuben Buttgieg

Octware Technologies Limited India's First 100% Sharia Compliant Business
Dr. Shariq Nisar

Visit www.iftmagazine.com , create your FREE account and start reading....

The revolution against the banking industry is taking place at a breathtaking speed with the movement spearheaded by a n...
19/03/2016

The revolution against the banking industry is taking place at a breathtaking speed with the movement spearheaded by a new breed of technology entrepreneurs. The finance industry has long been marked by complex regulations, high barriers to entry and economies of scale and this is all set for disruption by the present fin tech revolution.
~Nida Khan~

To read more visit www.iftmagazine.com, create your FREE account and start reading.......

The 18th Microcredit Summit is a gathering for global policy makers and microfinance experts to explore how they can cap...
16/03/2016

The 18th Microcredit Summit is a gathering for global policy makers and microfinance experts to explore how they can capitalize on the natural synergies between different sectors to contribute to the 2030 Sustainable Development Goals. Professionals from across the financial services spectrum have a role to play in improving access to financial tools and systems.

The Microcredit Summit is the global forum to share best practice and discuss new techniques. It is a critical catalyst to the formation of new and effective financial policies and ways of working. Join us 14-17 March 2016 in Abu Dhabi, U.A.E. for the 18th Microcredit Summit: Frontier Innovations in Financial Inclusion. Organized by the Microcredit Summit Campaign in partnership with AGFUND and the Khalifa Fund.

To find out more, contact Sabina Rogers at [email protected]

Islamic Finance Today (IFT) March issue is out..Inside stories...Evolution of Rushdi Siddiqui  Interview Smart Contracts...
15/03/2016

Islamic Finance Today (IFT) March issue is out..
Inside stories...

Evolution of Rushdi Siddiqui
Interview

Smart Contracts - The Future of Banking
Nida Khan

The Sharia Parameters for proper Islamic Finance
Abdulazeem Abozaid

Why Islamic Finance should focus more on doing good
Blake Goud

Need for Skilled Talent in Islamic Finance
Muath Mubarak

Microtakaful Market to Grow
Zuriah Abdul Rahman

Investment Account Platform - Malaysia's Latest Risk - Sharing Initiative
Dr Noor Suhaida Kasri

Faith and Finance - A Meeting in Bangkok
Riaz Ansary

Visit www.iftmagazine.com , create your FREE account and start reading....

The 18th Microcredit Summit is a gathering for global policy makers and microfinance experts to explore how they can cap...
06/03/2016

The 18th Microcredit Summit is a gathering for global policy makers and microfinance experts to explore how they can capitalize on the natural synergies between different sectors to contribute to the 2030 Sustainable Development Goals. Professionals from across the financial services spectrum have a role to play in improving access to financial tools and systems.

The Microcredit Summit is the global forum to share best practice and discuss new techniques. It is a critical catalyst to the formation of new and effective financial policies and ways of working. Join us 14-17 March 2016 in Abu Dhabi, U.A.E. for the 18th Microcredit Summit: Frontier Innovations in Financial Inclusion. Organized by the Microcredit Summit Campaign in partnership with AGFUND and the Khalifa Fund.

To find out more, contact Sabina Rogers at [email protected]

06/03/2016

The existing Islamic Finance market stands at an estimated $1.81 trillion in assets based on 2014 disclosed assets by all Islamic Finance institutions (full Sharia-compliant as well as those with Sharia 'windows') covering commercial banking, funds, Sukuk, Takaful, and other segments. The breakdown by category is as follows: $1,346 billion for commercial banking, $33.4 billion for Takaful (insurance), $295 billion for Sukuk (bonds) outstanding, $56 billion in funds, and $84 billion for other financial activities. The Islamic Finance Industry has experienced robust and phenomenal growth over the past few years and recorded a compounded annual growth rate of 17.3% between 2009 and 2014. The total Islamic finance assets are projected to reach $3.25 trillion by 2020. Islamic commercial banking assets are projected to reach $2,610 billion by 2020.

~ M***i Ismail Ebrahim Desai -

To read more visit www.iftmagazine.com, create your FREE account and start reading.......

Islamic finance - as a viable form of financial intermediation with its double-digit annual growth is an important secto...
15/02/2016

Islamic finance - as a viable form of financial intermediation with its double-digit annual growth is an important sector of the global financial system. Despite impressive growth, Islamic finance has faced some challenges time to time ranging from legal to regulatory infrastructure, market deepening and financial inclusion.

~Jamshaid Anwar Chattha - Chief Financial Analyst and Islamic Finance Expert at the Central Bank of Kuwait (CBK) ~

To read more visit www.iftmagazine.com, create your FREE account and start reading.......

10/02/2016

Do you want to be an Outstanding Professional by stepping into your next level of studies?

Join us with our next intake on 13 February 2016 @ 9.00 am @ FGA Auditorium.

Call us on 0777-703567 or 0774-616710 to know more details

Islamic Finance Today (IFT) February issue is out..Inside stories...''The Coming Crisis in Islamic Banking''Paul McNamar...
08/02/2016

Islamic Finance Today (IFT) February issue is out..
Inside stories...

''The Coming Crisis in Islamic Banking''
Paul McNamara

''Emerging Threats to the Finance Sector and Implications for Islamic Finance''
Rosie Kmeid

''De-Risking and its Impact on Islamic Finance''
Jamshaid Anwar Chattha

''The Integrity of Sharia Boards in Islamic Financial Institutions''
Dr.Khawla Al Nobani

''Islamic Finance Islamic Finance Opportunities and Challenges''
M***i Ismail Ebrahim Desai

''Islamicising credit cards''
Firoz Malayan

''Maldives The case of a small nation that's making it big in Islamic Finance''
Dr Aishath Muneeza

Visit www.iftmagazine.com , create your FREE account and start reading....

There are over 2 billion Muslims in the world, most of whom comprise of the lower socio-economic segment that do not hav...
13/01/2016

There are over 2 billion Muslims in the world, most of whom comprise of the lower socio-economic segment that do not have access to Sharia-compliant investments. The new generation, comprised of prudent savers, and savvy investors, are finding ways to accumulate wealth by leveraging instruments that are consistent with Sharia rules. But as individual wealth is created, there is a stark contrast in methods of preservation. The Islamic asset management sector has come a long way from the first Islamic fund launch, over half a century ago with a diverse range of Sharia-compliant funds coming into existence covering a wide range of asset classes.

~Junaid Wahedna - Founder of Wahed Invest Inc. a NewYorkheadquartered operation that offers the world's first Sharia Compliant Automated Investment Advisory Service~

To read more visit www.iftmagazine.com, create your FREE account and start reading.......

Islamic Finance Today (IFT) January issue is out..Inside stories...'Why FinTech is the future of banking' Abdul Haseeb B...
13/01/2016

Islamic Finance Today (IFT) January issue is out..

Inside stories...

'Why FinTech is the future of banking'
Abdul Haseeb Basit

'Using Technology to Revolutionize Islamic Investment'
Junaid Wahedna

'Islamic Finance As Islamic Justice'
Dr. Valentino Cattelan

'Risk Management and the Antifragility of Islamic Finance'
Umar Ra & Abbas Mirakhor

'The Role Of Knowledge Repository in Islamic Finance'
Ibraheem Tijani

'Sukuk's Universal Appeal'
Redha Al-Ansari

'The MBU Social Bond: True Innovation - The Islamic Way'
Mohammed Iqbal

'Fragmented or Leap Growth For Islamic Finance in 2016'
Muath Mubarak

Visit www.iftmagazine.com , create your FREE account and start reading....

10/12/2015

First Global AcademyManagerFollowUnfollowFollowingLoadingIslamic Finance Today (IFT) - December Issue Dec 10, 20151 view0 Likes0 CommentsShare on LinkedInShare on FacebookShare on Twitter Islamic Finance Today (IFT) Magazine - December issue is out... Inside stories.... 'Champion of Islamic Finance'…

Islamic Finance Today (IFT) December issue is out...Inside stories....'Champion of Islamic Finance' HRH Prince Khalifa B...
10/12/2015

Islamic Finance Today (IFT) December issue is out...

Inside stories....

'Champion of Islamic Finance'
HRH Prince Khalifa Bin Salman Al Khalifa - The Kingdom of Bahrain

'World Centre of Islamic Finance'
Paul McNamara

'Fintech & Crowdfunding. Welcome to the new world'
Blake Goud

'Potential Areas for Islamic Finance'
Nida Khan

'Applying a Common Sharia Standard: Benefit and Challenges'
Dr. Sutan Emir Hidayat

'Talent Development in the Islamic Finance Industry'
Shahida Shahimi

'Empowerment of Women in the Islamic Banking and Finance Industry'
Shabana Hasan

'Towards More Equity-Based Products and Services'
Professor Khaliq Ahmed

'Facts & Truths You Must Know About Islamic Finance'
Muhammed Ikram Thowfeek

'The World Islamic Banking Conference'

Visit www.iftmagazine.com , create your FREE account and start reading....

A huge Thank You for all our supporters, fans, friends who made us get 1000+ likes within a very short period.It is an e...
09/12/2015

A huge Thank You for all our supporters, fans, friends who made us get 1000+ likes within a very short period.

It is an encouragement for us...

Here is now our turn to add value to you... !!

In our December issue we have covered an Exclusive interview with HRH Prince Khalifa Bin Salman Al Khalifa - The Kingdom of Bahrain under the topic of 'Championing Islamic Finance'
and you can read the full magazine totally FREE of charge..

Stay tuned... The magazine will be online very soon with new insights, trends and industry news..

Until that Visit www.iftmagazine.com and create your FREE account and start reading.........

06/12/2015

His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa stressed Bahrain's success in turning into a financial and banking hub in the region and the world.

In an interview with Islamic Finance Today, he said this success is the result of strenuous efforts and a clear-cut vision of the investment momentum and the global financial markets. He also added that without a sound infrastructure, including a developed telecommunication sector and appropriate legislations, this success would not become a reality.

Read more: http://www.bna.bh/portal/en/news/699137?utm_source=dlvr.it&utm_medium=twitter

Islamic Finance Today (IFT) November issue is out in PRINTED version... This Special issue cover an Exclusive interview ...
02/12/2015

Islamic Finance Today (IFT) November issue is out in PRINTED version...

This Special issue cover an Exclusive interview with HRH Prince Khalifa Bin Salman Al Khalifa - The Kingdom of Bahrain under the topic of 'Championing Islamic Finance'

Stay tuned for more updates..........

"Innovation in Islamic Banking can take many shapes and forms. It can be in terms of new product development and structu...
15/11/2015

"Innovation in Islamic Banking can take many shapes and forms. It can be in terms of new product development and structuring, process streamlining and re-engineering, core banking systems implementation and parameterization, channels, or a combination of the above. The success or failure of innovative Islamic Banking product development is determined by where the rubber meets the road."

~Furqan Ahmed - GM - Head of Products, PMO & Core Banking System at TAIB (Perbadanan Tabung Amanah Islam) Brunei~

To read more visit www.iftmagazine.com and create your FREE account..

Information Technology & Islamic Finance by Nida Khanhttp://www.iftmagazine.com/View/news-details.php?nid=1011
31/10/2015

Information Technology & Islamic Finance by Nida Khan

http://www.iftmagazine.com/View/news-details.php?nid=1011

Unique in its features, Islamic Finance today(IFT) is published by Pioneer Publications (Pvt) Ltd which is a Sri Lanka-based publishing house and part of the First Global Group, a conglomerate of companies involved in the field of Islamic Finance.

Islamic Finance Today (IFT) October issue is out...Inside stories.... Information Technology and Islamic Finance Nida Kh...
23/10/2015

Islamic Finance Today (IFT) October issue is out...

Inside stories....

Information Technology and Islamic Finance
Nida Khan

Innovative Islamic Banking
Furqan Ahmad

Recent Developments bode well for the industry
Dr.Aun Rizvi

Taking Islamic Banking Forward with Technology & Soft Skills
Fayaz Ahmed Lone

The Financial Reporting of Islamic banks
Substance over form?
Sarah Afker

Visit www.iftmagazine.com , create your FREE account and start reading....

Nida Khan's article....
23/10/2015

Nida Khan's article....

Unique in its features, Islamic Finance today(IFT) is published by Pioneer Publications (Pvt) Ltd which is a Sri Lanka-based publishing house and part of the First Global Group, a conglomerate of companies involved in the field of Islamic Finance.

The growth and success of endowment funds and assetsunder management in the west supports the argument ofrestructuring o...
28/09/2015

The growth and success of endowment funds and assets
under management in the west supports the argument of
restructuring of Awqaf to global financial standards, A Simple Mechanism or a Business Model
~Muhammed Ikram Thowfeek~

to read more visit www.iftmagazine.com and create your FREE account and start reading...

Unique in its features, Islamic Finance today(IFT) is published by Pioneer Publications (Pvt) Ltd which is a Sri Lanka-based publishing house and part of the First Global Group, a conglomerate of companies involved in the field of Islamic Finance.

May this Eid bring the best of happiness and peace throughout the year all around the world.. May Almighty Allah shower ...
24/09/2015

May this Eid bring the best of happiness and peace throughout the year all around the world..

May Almighty Allah shower His choicest blessings to you and your loved ones....

Eid Mubarak.....!!!!!

Islamic Finance Today (IFT) September issue is out.. Inside Stories... Are Sisters Doing It or Themselves Paul McNamaraI...
23/09/2015

Islamic Finance Today (IFT) September issue is out..

Inside Stories...

Are Sisters Doing It or Themselves
Paul McNamara

Islamic Banking Needs To Have Universal Appeal
Mansoor Durrani

A Simple Model for Developing WAQF Properties
Muhammed Ikram Thowfeek

Hand-On Training Can Meet Industry Expectations
Nazeefa Fawzer

Outreach Needed To Clear Misconceptions
Dr. Marjan Muhammed

Tete-A-Tete with MM
Raja Teh Maimunah

visit www.iftmagazine.com , create your FREE account and start reading..

Sign up for the first ever digital media magazine for totally FREE of charge. log into www.iftmagazine.com and create yo...
14/09/2015

Sign up for the first ever digital media magazine for totally FREE of charge.

log into www.iftmagazine.com and create your FREE account and start reading..

Those people in Islamic finance who thought that the Internet hadchanged business radically back in 2010 must be feeling...
07/09/2015

Those people in Islamic finance who thought that the Internet had
changed business radically back in 2010 must be feeling rather
breathless right now as the next wave of disruptive businesses move rapidly into profit

~Paul MacNamara~

Do you want to read the full article?
Visit www.iftmagazine.com and create your FREE account and start reading...

Unique in its features, Islamic Finance today(IFT) is published by Pioneer Publications (Pvt) Ltd which is a Sri Lanka-based publishing house and part of the First Global Group, a conglomerate of companies involved in the field of Islamic Finance.

Islamic Finance Today (IFT) August issue is out now.. Hot Topics in this issue:Islamic Finance Looks Up Paul McNamaraCro...
31/08/2015

Islamic Finance Today (IFT) August issue is out now..

Hot Topics in this issue:

Islamic Finance Looks Up
Paul McNamara

Crowd-Funding And Venture Capital- The Way To Go
Rushdi Siddiqui

Stick To The Spirit Of Sharia
Sheikh Shafique Jakhura

All About Re-Give
Elizabeth Fleming

Tete-A-Tete with MM
Muath Mubarak

Create your FREE account at www.iftmagazine.com and start reading...

Unique in its features, Islamic Finance today(IFT) is published by Pioneer Publications (Pvt) Ltd which is a Sri Lanka-based publishing house and part of the First Global Group, a conglomerate of companies involved in the field of Islamic Finance.

Know the Legendary Leaders of Islamic Finance industry
30/08/2015

Know the Legendary Leaders of Islamic Finance industry

'First Global Academy Awards 2015' press article published on Ceylon Today paper on 24 August 2015 (Yesterday).We are pr...
24/08/2015

'First Global Academy Awards 2015' press article published on Ceylon Today paper on 24 August 2015 (Yesterday).

We are proud to be the Digital Media Partner for this houseful, timely event which recognized more than 100 talents in the field of Islamic Banking & Finance

There are more than 300 Micro finance institutions working in 32 countries around the world today but funding has always...
19/08/2015

There are more than 300 Micro finance institutions working in 32 countries around the world today but funding has always been a critical issue in the industry
~says Mr. Zubair Mughal - CEO of Center of Islamic Banking & Economics (CIBE)~

Read the full article on www.iftmagazine.com for totally FREE of charge...

Unique in its features, Islamic Finance today(IFT) is published by Pioneer Publications (Pvt) Ltd which is a Sri Lanka-based publishing house and part of the First Global Group, a conglomerate of companies involved in the field of Islamic Finance.

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August 2016 issue

Visit www.iftmagazine.com
IFT - August 2016 issue is out

A Trailblazer Speaks
- Interview with Dr. Sharia Nisar


The Lone Elephant - Islamic Finance in India
- Junaid Wahedna

Venture Banking for our Future - Why we need to invest in our young people
- Rushdi Siddiqui

Green Financing
- Blake Goud

The Door is Open - Malta's message to Sharia Compliant Business
- Andrew Borg and Reuben Buttigieg

Why Islamic Finance is ideal for Agricultural, Micro & Rural Financing
- Zubair Mughal

A New Series of Books for Islamic Finance Adventures
- Paul McNamara

Visit http://iftmagazine.com/
Islamic Finance Today (IFT) June issue is out...

Inside stories....

Back to the Future
Daud Vicary

Testing Time for Islamic Banking & Finance
Khaliq Ahmed

Risk Management with Stress Testing in Islamic Banks
Jamshaid Anwar Chattha

Towards Greater Financial Inclusion of Refugees in the Fourth Industrial Revolution: A Risk-sharing Based Islamic Financial Solution
Abbas Mirakhor and Alaa Alaabed of INCEIF & Ali Alaabed, UNSW

Islamic Finance : Question & Answer
M***i Ismail Ebrahim Desai

Visit www.iftmagazine.com , create your FREE account and start reading....
For an Islamic financial institution the purpose of business is not profit but providing, ethical, financial service to the community. Community and social development becomes the purpose of the business through which it generates profit. Profit is a secondary objective coming after the benefit to the community has been established.

~Joy Abdullah - head of strategic planning & corporate affairs at INCEIF- The Global University of Islamic Finance and writes on ethical brand marketing, strategic brand management and sustainable business strategies~

To read more visit, www.iftmagazine.com and create your FREE accounts and start reading..
Islamic Finance Today (IFT) April issue is out..
Inside stories...

Musings on Microfinance
Charles Selestine

Islamic Microfinance – Some Thoughts
Professor Malcolm Harper

Can Islamic Fnance Show its Economic and Societal Value?
Joy Abdullah

Islamic Finance and Financial Repression
Abbas Mirakhor

Talent Development: A Key to Industry Success
Abdelilah Belatik

Will trusts be the gateway for Islamic Finance in Europe?
Reuben Buttgieg

Octware Technologies Limited India's First 100% Sharia Compliant Business
Dr. Shariq Nisar

Visit www.iftmagazine.com , create your FREE account and start reading....
The revolution against the banking industry is taking place at a breathtaking speed with the movement spearheaded by a new breed of technology entrepreneurs. The finance industry has long been marked by complex regulations, high barriers to entry and economies of scale and this is all set for disruption by the present fin tech revolution.
~Nida Khan~

To read more visit www.iftmagazine.com, create your FREE account and start reading.......
The 18th Microcredit Summit is a gathering for global policy makers and microfinance experts to explore how they can capitalize on the natural synergies between different sectors to contribute to the 2030 Sustainable Development Goals. Professionals from across the financial services spectrum have a role to play in improving access to financial tools and systems.

The Microcredit Summit is the global forum to share best practice and discuss new techniques. It is a critical catalyst to the formation of new and effective financial policies and ways of working. Join us 14-17 March 2016 in Abu Dhabi, U.A.E. for the 18th Microcredit Summit: Frontier Innovations in Financial Inclusion. Organized by the Microcredit Summit Campaign in partnership with AGFUND and the Khalifa Fund.

To find out more, contact Sabina Rogers at [email protected]
Islamic Finance Today (IFT) March issue is out..
Inside stories...

Evolution of Rushdi Siddiqui
Interview

Smart Contracts - The Future of Banking
Nida Khan

The Sharia Parameters for proper Islamic Finance
Abdulazeem Abozaid

Why Islamic Finance should focus more on doing good
Blake Goud

Need for Skilled Talent in Islamic Finance
Muath Mubarak

Microtakaful Market to Grow
Zuriah Abdul Rahman

Investment Account Platform - Malaysia's Latest Risk - Sharing Initiative
Dr Noor Suhaida Kasri

Faith and Finance - A Meeting in Bangkok
Riaz Ansary

Visit www.iftmagazine.com , create your FREE account and start reading....
The 18th Microcredit Summit is a gathering for global policy makers and microfinance experts to explore how they can capitalize on the natural synergies between different sectors to contribute to the 2030 Sustainable Development Goals. Professionals from across the financial services spectrum have a role to play in improving access to financial tools and systems.

The Microcredit Summit is the global forum to share best practice and discuss new techniques. It is a critical catalyst to the formation of new and effective financial policies and ways of working. Join us 14-17 March 2016 in Abu Dhabi, U.A.E. for the 18th Microcredit Summit: Frontier Innovations in Financial Inclusion. Organized by the Microcredit Summit Campaign in partnership with AGFUND and the Khalifa Fund.

To find out more, contact Sabina Rogers at [email protected]
The existing Islamic Finance market stands at an estimated $1.81 trillion in assets based on 2014 disclosed assets by all Islamic Finance institutions (full Sharia-compliant as well as those with Sharia 'windows') covering commercial banking, funds, Sukuk, Takaful, and other segments. The breakdown by category is as follows: $1,346 billion for commercial banking, $33.4 billion for Takaful (insurance), $295 billion for Sukuk (bonds) outstanding, $56 billion in funds, and $84 billion for other financial activities. The Islamic Finance Industry has experienced robust and phenomenal growth over the past few years and recorded a compounded annual growth rate of 17.3% between 2009 and 2014. The total Islamic finance assets are projected to reach $3.25 trillion by 2020. Islamic commercial banking assets are projected to reach $2,610 billion by 2020.

~ M***i Ismail Ebrahim Desai -

To read more visit www.iftmagazine.com, create your FREE account and start reading.......
Islamic finance - as a viable form of financial intermediation with its double-digit annual growth is an important sector of the global financial system. Despite impressive growth, Islamic finance has faced some challenges time to time ranging from legal to regulatory infrastructure, market deepening and financial inclusion.

~Jamshaid Anwar Chattha - Chief Financial Analyst and Islamic Finance Expert at the Central Bank of Kuwait (CBK) ~

To read more visit www.iftmagazine.com, create your FREE account and start reading.......