Africa forum to host key policymakers to drive discussions on regulations enabling integration of Islamic finance into financial system and realising Islamic finance potential. The upcoming second International Forum on Islamic Finance (IFIF 2016) in Khartoum, Sudan, is planned to serve as a key platform for critical discussions on developing effective regulation and supervision of […]
There is substantial Islamic banking activity carried out by conventional banks through their so-called Islamic windows. Such banking institutions have been excluded from this report for a simple reason that the growth and stability of Islamic banking activities in such institutions follow the growth and stability of the conventional part of such institutions. Mixing Islamic […]
Reopens market after three-month lull * Oil price near 12-year lows weighs on sukuk * Pays a new issue premium of 35-40 bps – sources * Attracts orders nearly double the issue size By Archana Narayanan DUBAI, (Reuters) – The emirate of Sharjah priced a $500 million five-year Islamic bond issue on Wednesday, a document […]
Hogan Lovells has advised the Islamic Corporation for the Development of the Private Sector (ICD), as arranger, on the inaugural CFA 150 Billion Sukuk offering by the Government of Côte d’Ivoire. The Sukuk is an amortising Sukuk al-Ijara and is targeted at local banks and institutional investors. It mirrors the successful Senegal Sukuk that Hogan […]
Absent its biggest issuer, the global market for sukuk will remain at below-peak levels in 2016, Standard & Poor’s said in a report published today, “The Global Sukuk Market: The Correction Is Here To Stay.” Standard & Poor’s Rating Services expects issuance to reach $50 billion-$55 billion in 2016, compared with $63.5 billion in 2015 and […]
Islamic finance is a fast developing activity throughout the global markets, now focusing on a new frontier—Africa. Islamic finance has historically been dominant in Malaysia and the Gulf Cooperation Council (GCC). However, over the last year, Islamic finance has expanded its footprint throughout the Middle East, Indonesia, the United Kingdom, Luxembourg and Hong Kong. In […]
Islamic finance is gaining popularity in key markets, including the personal loan sector, and there has been a marked increase in the amount of UAE residents choosing an Islamic finance loan over a conventional loan Compareit4me group has noticed an increase of 53 per cent of consumers searching for Islamic finance products. The increase in […]
Islamic banking is being touted as the next big thing for Canada’s financial services sector, but experts say it’s up to the new federal government to demonstrate that it welcomes Shariah-compliant investments. “It’s absolutely fundamental that the Canadian government signal that, in fact, it is open to Islamic finance,” says Walid Hejazi, an associate professor at the University […]
Muscat: Developing an enabling and empowering environment, including the necessary legislative and regulatory framework, is needed to support the growth of Islamic economy, according to an expert. This can be done by working on several key strategic pillars, Abdulla Mohammed Al Awar, chief executive officer of Dubai Islamic Economy Development Centre (DIEDC), said at the 2nd […]
Nasdaq Dubai has welcomed the listing on its market of a US$500 million Sukuk issued by Majid Al Futtaim Holding . The listing brings the total value of Sukuk listings carried out on the exchange during 2015 to $13.25 billion, which is more than the total value that has listed during the year on the […]
