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Peoples Daily



Takaful premium jumped 19% 2010 to N1.3tr –Ernest &Young

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Global Islamic insurance contributions surged 19 percent in 2010 to $8.3 billion (about N1.3 trillion) helped by Saudi Arabia, the world's biggest oil exporter, which made up more than half the industry, an Ernst & Young report said.


Britain’s Islamic Bank hosts first ‘Islamic Finance Question Time’

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Islamic Bank of Britain Plc (IBB) has held an exclusive event, entitled Islamic Finance Question Time - an open, public Q&A session hosted by the Bank's Shar'ah Scholars. 


HSBC Islamic hedging, investment grew double-digits in 2011

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HSBC Holdings Plc's (HSBC) Islamic risk management business posted double-digit growth last year on rising demand for Shariah-compliant hedging and investment products.

Last Updated ( Thursday, 03 May 2012 21:00 )

Islamic banking grows 10 to 15% annually, says Islamic Foundation chairman

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Islamic banking and finance, with total assets of $1.4 trillion and more than 1,000 institutions operating in many countries worldwide is all set for a big take off, says Professor Khurshid Ahmad, chairman of the Islamic Foundation UK and the Institute of Policy Studies in Pakistan and author of several books on the topic.


Islamic finance spreads in Nigeria

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Home to some 70 million Muslims, Nigeria has stepped-up efforts to capitalise on the growing popularity of the one of the world’s fastest-growing financial sectors: Islamic banking.

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