NUSA DUA: The Indonesian government launched on Sunday an Islamic bond linked to endowments, aiming to tap into a pool of assets for its fiscal needs. The Waqf Core Principles, a joint work of the Indonesian government with the research arm of the Islamic Development Bank, comprise ways to ensure endowments, or waqf, are used appropriately for public needs and encourage a modern management of assets, such as the cash waqf-linked sukuk, according to a central banker.
Mobilising funds from waqf is important because they"...

Islamic finance assets are projected to grow to $3.2 trillion by 2020, with Islamic banking reaching $2.6 trillion, said the organisers of the upcoming World Islamic Banking Conference (WIBC) in Bahrain.

Under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, The Prime Minister of the Kingdom of Bahrain - the 25th WIBC aims to impact communities at large by means of providing an apt platform for idea-sharing and promoting understanding of the Islamic economic environment in-depth.

Discussions"...