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DUBAI: With the rapid growth of the Islamic finance industry and the increasing popularity of Islamic finance as a financing solution for a growing number of businesses both regionally and globally, senior Islamic bankers and corporate borrowers will gather in Abu Dhabi on the 10th & 11th of October 2011 at the International Summit on Islamic Corporate Finance (ICFS 2011),

KUALA LUMPUR: Malaysia, via the International Centre for Education in Islamic Finance (INCEIF), is supplying world class talent for the fast-growing Islamic finance, says chairman and chancellor, Tan Sri Dr Zeti Akhtar Aziz.

MANAMA: Tajweez Advisory Co. WLL, the first Pakistani-backed advisory firm in Bahrain in the Islamic finance sector, has launched their Islamic Finance 360 training project at the Institute of Bankers Pakistan.

JEDDAH: The International Islamic Trade Finance Corporation (ITFC), an affiliate of the IDB Group, is making intense efforts to increase trade among members of the Organization of Islamic Cooperation (OIC) to 20 percent of their total trade by 2015. It has given $13 billion since 2008 to finance trade.

The original concept of Islamic finance is undoubtedly in favor of equity participation rather than creation of debts because it is only equity participation that brings an equitable and balanced distribution of wealth in the society.

KARACHI: Pakistan is all set to host the first World Islamic Finance Summit 2011 to be held on September 21 and 22. The organizers unveiled the description of the prestigious summit on Thursday.

While clinging to its present marginal position in the mainstream of global financial markets, Islamic banking and Islamic finance has a long way to go to transform itself into a major player, mainly through standardization, uniformity, governance, transparency and innovation, in addition to consolidation.

There are 5 full-fledged Islamic banks operating in Pakistan and 15 conventional banks with Islamic banking branches. The growth in Islamic finance industry has been consistently in double digits. The share of the industry in the banking system has risen to over 7 percent from just 0.5 percent in 2002.

Asset backed securitization is compatible with Islamic financial concepts as the financing products in Islamic financial system are backed by real assets.

SINGAPORE/HONG KONG: Asian stocks jumped on Friday and the euro steadied, after rising sharply the previous day, as investors hoped for a big policy move from European finance ministers to combat the debt crisis.

SINGAPORE/HONG KONG: Asian stocks jumped on Friday and the euro steadied, after rising sharply the previous day, as investors hoped for a big policy move from European finance ministers to combat the debt crisis.

WASHINGTON: Finance Minister Dr Abdul Hafeez Shaikh met with leaders of major financial institutions here on Thursday during the IMF-World Bank meetings and discussed cooperation for Pakistan's development.

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak on Friday unveiled the 2012 Budget of Malaysia in which sukuk (Islamic bond) market, has emerged as a feather in the cap for Malaysia's Islamic finance.

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak on Friday unveiled the 2012 Budget of Malaysia in which sukuk (Islamic bond) market, has emerged as a feather in the cap for Malaysia's Islamic finance.

HalalTamweel.com is an Islamic Finance Portal with a clear aim to bridge the gap between the Investors seeking Shari'ah compliant investment options and the financial institutions offering the Shari'ah compliant solutions. In our exclusive Islamic Finance portal, we cover all aspects of investment options i.e. from simple saving account to Shari'ah compliant mutual funds, and Halal stocks

WASHINGTON: A delegation from International Monitory Fund (IMF) would visit Pakistan in November informed Finance Minister Dr Abdul Hafeez Sheikh on Saturday.

WASHINGTON: Pakistan will have no trouble repaying a loan from the International Monetary Fund, its finance minister said on Monday, even though the country's economy has been hurt by heavy rains and floods.

LONDON: Russian republic Tatarstan's ambition to develop a Sharia-compliant market received a boost this week when the Kazan-based AK Bars Bank became the first Tatar credit to secure a murabaha loan.

DUBAI: Growth of the global Islamic asset management industry will likely halt or reverse this year as the industry struggles with poor sentiment in financial markets and lacklustre interest among Islamic institutional investors, said Jahangir Aka, senior executive officer at asset management firm SEI Investments.

KARACHI: Pakistan's fiscal deficit for the first three months of fiscal year 2011/12 was 1.1 percent of gross domestic product, a Finance Ministry official told Reuters on Wednesday.

Sharpe ratio is named after William F. Sharpe who introduced a risk-adjusted measure of return that is often used to evaluate the performance of a portfolio.

As per Islam, this world is a place for test and this test requires some people to be privileged and some to be deprived so that people can meet their needs interdependently.