Indonesia’s finance ministry made the announcement Stefanno Sulaiman, Reuters News January, 2023 JAKARTA – Indonesia raised 13.85 trillion rupiah ($888.96 million) in an Islamic bond auction on Tuesday, slightly lower than an indicative target of 14 trillion rupiah, the finance ministry said. Incoming bids were 17.45 trillion rupiah, it added. ($1 = 15,580.0000 rupiah) (Reporting […]
Fitch Ratings says medium-to-long term outlook is positive amid intact Islamic investor demand Staff Writer, ZAWYA January, 2023 Global sukuk issuance are likely to rise at a slow pace in 2023 amid market volatilities but will remain a key funding source in core Islamic finance markets, according to a new report from Fitch Ratings. The […]
Staff Writer, ZAWYA The bank will also redeem 2018 sukuk in full January , 2023 Saudi Investment Bank has increased the size of its Tier 1 capital sukuk issuance programme to 5 billion Saudi riyals ($1.3 billion) from SAR 2 billion. In a regulatory filing on Riyadh’s Tadawul exchange, the lender said it will issue […]
By Joann Villanueva MANILA – Islamic banking is not exclusive to Muslims as it provides alternative financial products outside the conventional financial institutions, a ranking central bank official said. Speaking during Tuesday’s Laging Handa briefing, Bangko Sentral ng Pilipinas (BSP) Assistant Governor Arifa Ala said the government is adopting a whole-of-government approach to ensure a […]
by Benjamin Godfrey · 3 min read Wahed has a plan to help its customers grow their funds in the most Sharia-compliant way. American financial technology and service provider, Wahed has extended its global reach with a newly opened office in the United Kingdom (UK). As reported by CNBC, the new office is like a storefront that […]
GENEVA: The Islamic Development Bank has pledged $4.2 billion over the next three years to Pakistan as aid for its climate rebuilding effort, the bank’s president said on Monday. “I am pleased to announce that the Islamic Development Bank group, as part of contributing to the achievement of Pakistan’s climate resilience and development objectives, pledges […]
Monthly issue of the Sukuk Al-Salam Islamic securities oversubscribed by 258% Press Release January, 2023 Manama, Bahrain – The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 258%. Subscriptions worth BD 111.040 million were received for the BD 43 million issue, which carries […]
The Federation, which acts as the unified voice of UAE banks, stated that the new law meets the requirements of the great and rapid development witnessed by Islamic banks and financial institutions Staff Writer, TradeArabia The Commercial Transactions Law 2022, which was implemented through a royal decree last year, will help boost Islamic financial and banking […]
Staff Writer, ZAWYA, 2022 Around 87% of Islamic finance professionals think GCC’s focus on sustainable projects to boost green sukuk The market for green sukuk is set for takeoff as demand builds, but global expansion will require greater standardisation and regulation, a report by Global Islamic Finance Forum showed on Thursday. The study, […]
Despite increasing interest rates creating unfavourable pricing conditions for Pakistan in debt markets, the government raised a total of $5.8 billion in H1 2022 Staff Writer, ZAWYA, 2022 With Pakistan’s foreign reserves continuing to deplete through international debt repayments, the government returned to the international sukuk market for the first time since a five-year dollar […]
