Islamic Finance

As the recession shook Americans' confidence last year, new figures show that weddings for people 18 and older dropped to the lowest point in over a hundred years. A broad array of new Census Bureau data released Tuesday documents the far-reaching impact of a business slump that experts say technically ended in June 2009: a surging demand for food stamps, considerably …

Islamic politics will soon be banned in Bangladesh – third largest Muslim nation with 150 million populations. According to government sources, government is on the process of restoring secularist democracy in the country by scrapping several provisions in the Constitution of the country, which were incorporated mostly by former military regimes. As possible pre-action of this plan, government recently banned …

A major campaign to introduce Islamic banking and finance into India was kicked off in the Kerala city of Kochi on Friday with Justice Krishna Iyer taking the lead. "I welcome Islamic finance in India," said Iyer, a former Supreme Court judge. "Islamic finance has proven successful in poverty alleviation and promoting sustainable growth in many countries, including the United …

The global economy, artificially boosted since the recession of 2008-2009 by massive monetary and fiscal stimulus and financial bailouts, is headed towards a sharp slowdown this year as the effect of these measures wanes. Worse yet, the fundamental excesses that fueled the crisis – too much debt and leverage in the private sector (households, banks and other financial institutions, and …

ABU DHABI: The market for Islamic financial products is poised to surpass $1 trillion in value this year as demand surges globally, a senior Moody's official said on Monday. With a growth rate of 20 percent per year, the market for products such Islamic bonds and savings products was worth around $950 billion at the end of 2009, said Anouar …