Suit yourself with the ongoing issues and current news details in the industry of Islamic Finance and Banking. Islamic Finance and Economics is a new and emerging discipline which gathers more attention globally as well as influences the global finance industry. The financial analytics, consultants, advisors and business organizations look up for the investment and banking principles of Islamic finance and banking to achieve more reputation and support over their success trials. LSMS feeds the online students, working students as well as other kind of people in search of knowledge about Islamic laws and banking with current news and updates in order to extend and strengthen their understanding.
- The news dated November 29, 2016 in Reuters, New York tells, “Accounting meets religion in Islamic Banking” where the ‘reconciling accounting standards and religious principles is challenging Islamic banks and regulators as they adapt to new international book-keeping rules due to come into force in 2018 – new rules known as IFRS 9, will leave mark on all major products used by Islamic banks from simple savings account to Islamic bonds and impact their bottom lines.’
- The news dated November 20, 2016 in PTI, New Delhi states, “Shariah Banking: RBI proposes Islamic window in banks” in which ‘The Reserve Bank of India (RBI) has proposed opening of Islamic window in conventional banks for gradual introduction of Sharia-compliant or interest-free banking in the country’.
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