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Islamic financing gaining ground in African countries

Islamic financing can help bridge the financing gap being experienced within the African continent which stands in the region of $100 billion annually.

South africaAbdelilah belatikCouncil for islamic banksUnited nation sustainable development goalsGlobal islamic bankingGeneral councilIslamic banksFinancial institutionsSecretary generalGlobal islamic banking surveyUnited nation sustainable development

Bahrain Business: New tool to help Islamic banks fight climate change

Bahrain Business: New tool to help Islamic banks fight climate change
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Council for islamic banksGeneral councilIslamic banksFinancial institutionsCibafi greenhouse gas measurement toolIslamic financial institutionsClimate action

Bahrain Business: New tool to help Islamic banks fight climate change

Council for islamic banksGeneral councilIslamic banksFinancial institutionsCibafi greenhouse gas measurement toolIslamic financial institutionsClimate action

NAHCON to break Jaiz Bank monopoly of Hajj Savings Scheme By SULEIMAN AFIKPO — National Accord Newspaper

The National Hajj Commission of Nigeria Stakeholders Summit of 2nd and 3rd May ended yesterday, but the mark it left on stakeholders will live beyond 2024.

Kebbi stateAbuja federal capital territorySaudi arabiaJalal ahmad arabiMuslim ummahAliyu buhariKashim shettimaJalal ahmed arabiMuhammad saad abubakarSenate committee on foreign affairsNational hajj commission of nigeria stakeholders summitEastern muslim organisationNational hajj commission of nigeriaHouse committee on hajj affairsNigeria supreme council for islamic affairsJaiz bank

Accounting background and cross-membership effects on investment effic by Yani Permatasari, Suham Cahyono et al

Purpose: This study aims to examine the joint effect of accounting background and cross-membership of Islamic Supervisory Board (ISB) members on bank investment efficiency. Design/methodology/approach: This study uses data collected from 36 Islamic banks across 15 countries globally, spanning the period from 2012 to 2021. This research uses an ordinary least squares regression and a comprehensive set of endogeneity and robustness tests. Findings: The findings show a negative relationship between the accounting background of ISB members and investment efficiency. However, when ISB members with accounting backgrounds also have ISB cross-memberships, the banks exhibit high investment efficiency. These results suggest that ISB cross-membership plays a crucial role in facilitating Islamic banks’ access to timely information on investment opportunities. This enables ISB members with accounting expertise to thoroughly assess the benefits and risks associated with their investment prospects.

Islamic supervisory boardInvestment efficiencySb characteristicsIslamic banksIslamic supervisory board