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Kenya/Islam: Kenya Booming Islamic Finance

NAIROBI, 2 Muharram/27 Nov.(IINA)-The recently offered Islamic banking in Nairobi is attracting new customers from Muslims and non-Muslims alike who praise the growing industry for offering low-risk Islamic Sharia financial solutions, UPI news agency reported.
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Deutsche Bank predicts Islamic finance boom

Islamic banks could be boosted by a nearly doubling of assets within five years, as borrowers seek alternative methods of financing due to a cutback in lending at European and US banks. ...
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Conventional, Islamic Finance Can Co-exist: Economists

KUALA LUMPUR, Nov 14 (Bernama) -- Conventional and Islamic finance may co-operate or even compete to produce the best outcome for common projects such as the provision of cheap banking for the world's poor or for investment in environmental undertakings, say two eminent economists....
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Libyan revolution opens door for Islamic finance

Libya’s civil war devastated its economy and banking system. But the revolution has created conditions for strong growth of an industry which made little headway under former dictator Muammar Gaddafi: Islamic finance. ...
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Saudi banking is least leveraged

Saudi Arabia is the largest economy and banking market in the Arab world, with almost 40 per cent of all deposits in interest free Shariah-compliant savings products and an embryonic, high growth mortgage, takaful (Islamic insurance), consumer credit and leasing industries. ...
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Islamic lender’s troubles put homeowners in limbo

Dozens of Muslim homeowners are complaining that they have been left in limbo by a disintegrating “sharia-compliant” mortgage arrangement, putting a focus on the emergence of parallel banking systems in Canada....
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JP Morgan says Saudi banks face little impact from global slowdown

Saudi banks face limited impact from potential global slowdown risks and are likely to bounce back to healthy return-on-equity levels driven by lending growth and ample liquidity, J.P. Morgan Securities said and began coverage of the Saudi banking sector....
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Ethos names Ajman ‘Best Small Bank’

Ajman Bank’s customer service recognised at 2011 UAE Bank Benchmark Index Awards based on research conducted by Ethos Consultancy...
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‘Seek knowledge on Islamic banking’

Nigerians have been admonished to seek adequate knowledge on Islamic banking and give it a trial before criticising it. This charge was given by participants at the Ramadan lecture of the Muslim Teachers’ Association of Nigeria (MUTAN) Somolu, Lagos State branch. ...
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Efficiency of islamic and conventional banks in countries with islamic banking

Our study aims at analyzing Islamic banks efficiency over the period 2001-2008. We found that they were efficient at 78.9%. ...
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