EFAMA’s Post

My second article in MUFAP's Year Book 2023! This article invites you to explore the fascinating world of Islamic Funds. Dive into the details here: https://lnkd.in/dwkiGZSi Your thoughts and feedback are precious! Feel free to share your insights. #InvestmentInsights #IslamicFunds #SIP #MUFAPYearBook2023 #MUFAP #financialliteracy #financialadvisors #financialadvice #financialfreedom #financialliteracyforkids #financialliteracymatters

What is Islamic Investment Banking? How does SIB Najah ensure strict adherence with shariah principles when making investments? Get answers to these and more questions on this recap of the Dau la IQRA FM Interview with Abdullahi Adan, Executive Director for Islamic Investment Banking at SIB Najah. https://lnkd.in/dx5Q5JMy

https://lnkd.in/dp4QWhjv this is the stimulus that one should expect from AGOA...SMMEs should take advantage of the treaties and advance their offerings.

SEBI Raises BSDA Limit to Rs 10 Lakh, Tweaks IFSC FPI Rules: In an effort to enhance retail investor participation in the securities market, the Securities and Exchange Board of India (SEBI) has revised the framework for basic service demat accounts (BSDA), increasing the account threshold to Rs 10 lakh. This move aims to ease investment processes and encourage broader financial inclusion. BSDA, introduced in 2012, offers a lower-cost alternative to regular demat accounts, with no maintenance charges for holdings up to Rs 4 lakh and a nominal fee of Rs 100 for holdings between Rs 4 lakh and Rs 10 lakh. Accounts with holdings exceeding Rs 10 lakh will incur regular charges. Eligibility requires individuals to hold only one demat account as the sole or first holder across depositories. SEBI also updated guidelines for foreign portfolio investors (FPIs) in International Financial Services Centres (IFSCs), allowing these entities to aggregate up to 100% of their corpus from non-resident Indians (NRIs), overseas citizens of India, and resident Indians. This change aims to boost investment flows from the Indian diaspora. #SEBI #BSDA #Investment #RetailInvestors #Finance #IFSC #FPI #NRI

We are delighted to announce that we teamed up with INCEIF University to launch the "International Journal of Islamic Finance and Sustainable Development" (IJIFSD). This journal represents a significant step towards integrating Islamic finance with sustainable development. Learn more about our collaboration and the journal here: https://lnkd.in/dqBhFZGi #Islamicfinance #Sustainabledevelopment #SDGs #IsDBI

On April 30, 2024, SEBI, at its board meeting, made a momentous decision to allow NRIs, OCIs, and individual Indian residents to invest in FPIs based out of IFSCs. The earlier rationale for not permitting NRIs, OCIs, and RIIs to invest in Indian markets through FPI entities goes back to the stock market scam of 2001 where OCBs (in which NRIs held at least 60%) had played a major role. The JPC Report that was presented to Lok Sabha on December 19, 2002, recommended that NRIs, OCIs, and Indian residents should not be allowed to manipulate the Indian stock market through foreign entities. With the advent of GIFT City and IFSCA, however, we now have an Indian jurisdiction that is offshore for the purpose of FEMA, regulated by an Indian regulator, the IFSCA. Permitting NRIs, OCIs, and individual Indian residents to invest in FPIs will undoubtedly boost FDI inflows. By limiting these FPIs to those incorporated within an IFSCA, the potential for manipulation is also significantly reduced. Read the update here: https://lnkd.in/df6JW7q3 Vinod Joseph; Paridhi Jain #ELPinsights #investmentfunds #GIFTcity #IFSCA #FEMA #NRI #india #FDI

India's SEBI tightens rules for Foreign Portfolio Investors with new conditions on contributions and control. Exemptions for IFSC regulated entities.: The Securities and Exchange Board of India (SEBI) issued a notification on the Foreign Portfolio Investors (FPI) (Second Amendment) Regulations, 2024. The amendment imposes conditions on FPIs, such as limiting individual contributions, controlling Indian exposure, and prohibiting control by specific individuals. It also exempts certain applicants regulated by the International Financial Services Centres Authority. Existing exemptions remain valid. The regulations came into force upon publication in the Official Gazette. The amendment aims to enhance oversight and compliance within the FPI framework. http://dlvr.it/T8tjwl #SEBI #FPI #Regulations #Compliance #India

--Full capital account convertibility implementation in India-- 'Therefore AEs are almost fully convertible on capital account while EMEs are convertible to different degrees.' - This was ur speech Mr. T. Rabi Sankar. AEs have become AEs bcs they fully implemented FCAC and EMEs remained EMEs bcs they have partially implemented it. I req GoI to know the fact that if you want to develop your economy 💱 at the fastest pace to eliminate poverty and unemployment to win election then you have to go for complete financial liberalisation and globalisation along with economic globalisation. First time ⌚ @RBI is allowing capital account transactions to the resident Indians under LRS through FCA held in IFSCs - This is the firm step towards achieving FCAC which is my long-standing demand and recommendation that's getting fulfilled now. 💐 My take on internationalisation of the Indian 🇮🇳 Rupee. https://lnkd.in/dXSkyQ-x My set of recommendations for #budget2024. https://lnkd.in/dcdxGNDP -- Dr. Gullapalli H.S. Reserve Bank of India (RBI) International Monetary Fund #fcac #RBI #Rupee #internationalisation #lrs

📚 Last week, the SC's Sharifatul Hanizah, Executive Director of ICM participated in INCEIF University's Book Review Forum panel discussion on 'Islamic Capital Markets: Principles & Practices (2nd Ed.). Here are some key takeaways from the session: 🌐 📖 "Islamic Capital Market: Principles and Practices" is a must-read for ICM enthusiasts! 🌙 The updated edition covers recent developments, regulatory initiatives, and industry trends. Perfect for both newcomers and seasoned professionals. 👩💼👨💼 🤝 Regulators are pivotal in shaping the ICM landscape. The book enriches knowledge in Shariah compliance, regulatory frameworks, and governance, empowering regulators to make informed decisions. 📊 Initiatives like the SC Maqasid Al-Shariah Guidance showcase a commitment to sustainability, innovation, and ethical conduct. 👍 🌐 Navigating regulatory challenges is key! From global harmonisation to talent development, the book addresses it all. 🌍 Initiatives like the SC Maqasid Al-Shariah Guidance and SRI Sukuk Framework bridge macro and micro developments in the ICM. 🌱 Let's continue the dialogue for a thriving Islamic Capital Market! 🚀🌐 #ICM #IslamicFinance #RegulatoryExcellence #SustainableFinance 🌟

The GIFA Awards celebrate excellence in Islamic finance across the globe. From established financial institutions in North America and Southeast Asia to rising stars in Europe and Eastern Europe, GIFA acknowledges the industry's diverse landscape. Its reach extends beyond institutions, honouring government officials and academics who shape the future of Islamic finance. Does your institution stand out for its leadership and innovation in Islamic finance? Discover more about the award categories and submit your nomination today at https://lnkd.in/deN4d5vq #IslamicFinance #fintech #sustainabledevelopment #financeleader #IslamicBanking #Sustainability #SustainabilityInFinance #financialinclusion #GIFSConference #financialexpert #economicempowerment #IslamicEconomy #financialinstruments #globaleconomy #ShariahCompliant #finance #financialfreedom #financialliteracy