Islamic finance

IMF to add Islamic finance to market surveillance in 2019

The International Monetary Fund will incorporate Islamic finance into its financial sector assessments of select countries starting next year, aiming to improve regulation in the growing sector. The IMF has traditionally focused on conventional banking, but it has been increasingly engaging with regulators in countries where Islamic finance is now[…]

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ABSA making strides in Islamic Banking

By Yaseen Kippie Islamic financial practice in Muslim majority countries has brought about many Western banks lending an ear to accommodate for market for Muslims in Western societies. This rise, according to Islamic Finance scholar Dr Aznan Hasan, owes itself to the influence it has made on many non-Muslims searching[…]

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Zakah, essential to the welfare of our community

By Ibrahim Kangwa Chibwe The South African National Zakah Fund’s (SANZAF) International Zakah Conference began on Friday with a special emphasis on the empowerment of impoverished families. SANZAF, which always adhere to best practice in terms of governance and compliance, has attracted international speakers from across the globe. At the[…]

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Awqaf SA joins international forum

The National Awqaf Foundation of South Africa has become a founding member of the newly established Awqaf International Organisation (AIO). The announcement was made during the opening ceremony of the third Global Islamic Economy Summit (GIES 2016) held last week at the Madinat Jumeirah in Dubai. CEO and Founder of[…]

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