According to details, Islamic banking assets are likely to reach between Rs18 trillion and Rs19 trillion by December 2026.

Illustration of the Archimedes automatic wind instrumentalist (image courtesy Hatje Cantz) In 2009, Tokyo’s Waseda University built a fedora-sporting flautist robot powered by cranked air. But this is ...

KUALA LUMPUR: Over the past two years, the government generated an income of RM15bil by confiscating assets and reclaiming funds lost to corruption and syndicates, says Datuk Seri Anwar Ibrahim. The ...

Modern Islamic banking is just 35 years old, increasing from US$10 million in 1975 to now over US$250 billion under management with dedicated Islamic banks, together with another US$200 billion with ...

Islamic trade finance is of increasing interest, but whether it will be successful depends on market forces. Shariah-compliant trade finance is an ancient tradition with a long history of supporting ...

Islamic banks in Oman look set to wait many more months for access to additional sharia-compliant money market tools after the central bank ruled out introducing them until the government issues its ...

There have long been questions around the rigour of Islamic finance as practised in the Middle East. Without an overarching regulatory body in place to establish the Shariah compliance standards used ...

DUBAI (Zawya Dow Jones)--Islamic bankers are finding it difficult to take positions in the market despite high liquidity among investors due to a lack of Shariah-compliant instruments, bankers said ...