3rd Mediterranean Islamic Finance Forum to take place in Spain

The General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions, and the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) and the Chamber of Commerce of Barcelona are co-organising the 3rd Mediterranean Islamic Finance Forum, themed “Building Bridges” on the 27th of November 2015, at Casa Llotja de Mar […]

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Malaysia Sukuk Sales Revival in 4Q

October 1, 2015 (Kuala Lumpur) — Islamic bond issuance in Malaysia over the last three months marked its slowest quarter since 2010. Bloomberg TV Malaysia’s Sophie Kamaruddin and Han Tan look at the factors that could mark a turnaround by year-end in the world’s largest sukuk market. Copyright reserved to Bloomberg TV Malaysia 2015

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Sharia-compliant crowdfunder and Islamic Finance Council UK rewarded by ADIB-Thomson Reuters Ethical Finance Innovation Challenge and Awards

The Islamic Finance Council UK and crowdfunding platform Narwi were recognised at this year’s prestigious Abu Dhabi Islamic Bank (ADIB)- Thomson Reuters Ethical Finance Innovation Challenge Awards (EFICA), while former UN Secretary General Kofi Annan was presented with a lifetime achievement award. “The Ethical Finance Innovation Awards are the culmination of our efforts to seek […]

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Pakistan ranks third in Islamic finance awards

LONDON: There are numerous indices, rankings, awards, prizes and accolades in business, politics, academia and society to recognise excellence and leadership roles played by individuals and institutions. These are used as performance indicators in different fields. From country risk ratings (as issued by the likes of Standard & Poor’s and Moody’s) to poverty score cards (as […]

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UAE top Arab nation and second globally in 73-country Islamic Economy Indicator

The UAE has received top rankings as one of the healthiest Islamic economy environments worldwide, second only to Malaysia on scores spanning seven key economic sectors, according to the second edition of the Global Islamic Economy Indicator (GIEI), which measures the development health of Islamic economy sectors across 73 core countries. The updated indicator is […]

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Donor base widens as World Bank-linked IFFIm plans second sukuk

The International Finance Facility for Immunisation Co. (IFFIm) has hired banks for a return to the Islamic bonds market, a funding exercise that has helped add Muslim countries to the donor base of its immunisation programmes. Established in 2006, IFFIm issues bonds designed to bring forward future donor pledges into cash-in-hand to help finance alt=””> projects […]

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Dubai Silicon Oasis Authority and Thomson Reuters Reveal Key Findings of Digital Islamic Economy Report 2015

•Muslim consumers contributed US$107 billion to global digital economy of nearly US$2 trillion, and their spending will grow faster than the rest of the digital economy by 2020 •Results released to support Global Islamic Economy Summit 2015 focusing on Digital Islamic Consumer Services DUBAI, UAE, September 2015 – Dubai Silicon Oasis Authority ( DSOA ) […]

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Saudi bank ANB set to sell 2 bln riyal capital-boosting sukuk

Arab National Bank ( ANB ) is close to completing a 2 billion riyal ($533.3 million) capital-boosting sukuk issue, sources familiar with the matter told Reuters on Tuesday. Order books have closed for the transaction, which will enhance the Tier 2, or supplementary, capital of Saudi Arabia’s seventh-largest lender by assets, according to two of […]

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