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Global Islamic Finance Report
''Global Islamic Finance Report'' (''GIFR'') is an annual publication, covering recent developments in the global Islamic financial services industry. It was produced by Edbiz Consulting, a London-based Islamic advisory firm in conjunction with the Cambridge Institute of Islamic Finance. Its first Editor was Professor Humayon Dar, it is the oldest yearbook in Islamic banking and finance. GIFR is also recognised for its pioneering work on the ''Islamic Finance Country Index'' (IFCI), which ranks about 50 countries of the world in terms of their involvement and leadership role in the Islamic financial services industry. History The Global Islamic Finance Report was the first global publication of its kind. Each annual edition of ''GIFR'' has a special theme. Following themes have so far been covered: * ''GIFR 2010'': Size and growth of the Islamic financial services industry * ''GIFR 2011'': Islamic financial regulation * ''GIFR 2012'': Islamic philanthropy and social responsi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking And Finance
Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or Finance, financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include ''Profit and loss sharing#Mudarabah, mudarabah'' (profit-sharing and loss-bearing), ''wadiah'' (safekeeping), ''musharaka'' (joint venture), ''murabahah'' (cost-plus), and ''ijarah'' (leasing). Sharia prohibits ''riba'', or usury, generally defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic Value (personal and cultural), principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Humayon Dar
Humayon Dar (born 1970) is a Pakistani-British economist and scholar in the field of Islamic banking and finance. He is the director general of the Cambridge Institute of Islamic Finance. Dar has held academic and professional positions, including director general of the Islamic Research & Training Institute (IRTI), a member of the Islamic Development Bank (IsDB) Group. Dar is the chairman of the Cambridge-Edbiz Group, which includes Edbiz Consulting and Cambridge IFA. He has served on the Sharia advisory boards of several financial institutions, including Arabesque Asset Management, Abu Dhabi Commercial Bank, and Hong Leong Islamic Bank Malaysia. He was previously a managing director at Deutsche Bank, where he headed its Islamic finance subsidiary, Dar Al Istithmar. He has also been a visiting professor at universities in the UK, Malaysia, and the Middle East. Although not a classically trained Islamic scholar, he has studied Islamic sciences, such as Quranic hermeneutics. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai Islamic Bank
The Dubai Islamic Bank (DIB) is an Islamic bank in Dubai, established in 1975 by Saeed Bin Ahmed Lootah. It is the first Islamic bank in the world to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the United Arab Emirates. Bank Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint-stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world's first full-service Islamic bank and the third-largest Islamic bank in the world. The Bank currently operates 90 branches across the UAE, is present in seven markets worldwide and is expanding its global footprint to further grow and develop the industry. Serving close to 1.7 million customers, DIB offers its growing consumer base an increasing range of innovative Sharia-compliant products and services. DIB significant subsidiaries and associates Dar Al Shari ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commerzbank
The Commerzbank Aktiengesellschaft (shortly known as Commerzbank AG or Commerzbank ) is a European Financial institution, banking institution headquartered in Frankfurt am Main, Hesse, Germany. It offers services to private and entrepreneurial customers as well as corporate clients. The Commerzbank Group also includes the German brand Comdirect Bank and the Polish subsidiary mBank. As one of the oldest banks in Germany, Commerzbank plays a significant role in the country's economy. It is the largest financier of German foreign trade, with strong ties to the German 'Mittelstand.' In addition, it maintains a presence in all major economic and financial centers worldwide. Since its establishment in 1870, Commerzbank has undergone several changes. It was the first German banking institution to open an operational branch in New York City in 1971. Another milestone was the acquisition of Dresdner Bank in 2009. During the 2008 financial crisis, the Federal Republic of Germany became a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Commercial Bank (Saudi Arabia)
Saudi National Bank (SNB; ), also known as SNB AlAhli, formerly known as The National Commercial Bank (NCB), is the largest commercial bank in Saudi Arabia. In April 2021, National Commercial Bank merged with Samba Financial Group under the name of Saudi National Bank. On 27 March 2023, Ammar Abdul Wahed Al Khudairy resigned as the bank's chairman citing personal reasons, two weeks after Al Khudairy stated that SNB would not be acquiring more shares in troubled Swiss bank Credit Suisse due to regulatory constraints, which caused more panic among investors. SNB Group The Saudi National Bank “SNB Group” “Arabic: البنك الأهلي السعودي” is a Saudi bank headquartered in Riyadh, the capital city of Saudi Arabia. The bank was founded in December 1953 under the name of the National Commercial Bank “NCB”. In 2021, SNB has emerged as a banking champion after completing one of the largest mergers in the region between the National Commercial Bank and Samba Fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuala Lumpur
Kuala Lumpur (KL), officially the Federal Territory of Kuala Lumpur, is the capital city and a Federal Territories of Malaysia, federal territory of Malaysia. It is the largest city in the country, covering an area of with a census population of 2,075,600 . Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 8.8 million people as of 2024. It is among the fastest growing metropolitan regions in Southeast Asia, both in population and economic development. The city serves as the cultural, financial, tourism, political and economic centre of Malaysia. It is also home to the Parliament of Malaysia, Malaysian parliament (consisting of the Dewan Rakyat and the Dewan Negara) and the Istana Negara, Jalan Tuanku Abdul Halim, Istana Negara, the official residence of the King of Malaysia, monarch (''Yang di-Pertuan Agong''). Kuala Lumpur was first developed around 1857 as a town serving the tin mining, tin mines of the region, and important figures such as Ya ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
