By: Marlena Kareem Gatehouse Bank has launched a range of green home financing products for the UK. It is the first Shariah compliant finance provider in the UK to enter this market. Properties need to come with a suitable Energy Performance Certificate, which records its energy efficiency and environmental impact rating based on CO2 emissions, to […]
HNW investors have already taken steps to integrate their Islamic beliefs via Shariah-compliant strategies, and want to learn more about sustainable investments, the head of New Markets at Lombard Odier said There is a “strong shift” towards value-based investing, especially among high net-worth (HNW) investors in the Middle East region, where strong religious, cultural, and […]
GCC issuers dominated ESG sukuk issuance in Q1, accounting for 59 percent of cumulative global ESG sukuk issuance. Jinan Al Taitoon, ZAWYA May , 2022 Environmental, social and governance (ESG) sukuk issuance, comprising green and sustainability-linked sukuk, was dominated by mostly GCC-based financial institutions in Q1 2022, though most issuances came from the energy and utilities […]
Tayyab Ahmed, ZAWYA May 2022 Digitalisation funding is focused around high-impact sectors Digitalisation is transforming the way the world operates. Industries are either disrupting or being disrupted by the fragmentation of their landscapes and value chains, with new players threatening incumbents in notable ways. Global venture funding more than doubled in the past year alone, from […]
BY GULAM ALI KHAN Muscat – Islamic banking is continuing to grow rapidly in Oman driven by growing awareness about Sharia’a-compliant products, strong retail demand and supportive regulations. Total assets of the sultanate’s Islamic banks and windows grew by 10.7 per cent year-on-year to hit RO6bn mark in the first quarter of 2022, according to the […]
Liau Y-Sing – Bloomberg Islamic finance pioneer Malaysia is looking for new drivers to reignite growth for its US$286 million (RM1.208 billion) industry. Sustainable finance and digitisation of services will lead the way, with lenders expected to adopt technologies such as artificial intelligence and big data to break into under-served markets, said Bank Negara Malaysia […]
Islamic banks’ total assets expanded by 8.1% in 2021 Staff Writer, Gulf Daily News Rising public demand for Islamic products and the expected improvement in operating environment is set to drive growth in Bahrain’s Islamic banking sector, says Fitch Ratings. The ratings agency said the forecast for 2022-2023 is based on rising oil prices, higher real GDP […]
By Joann Villanueva MANILA — The bid to promote Islamic banking and finance in the Philippines got another boost following the signing of a memorandum of agreement (MOA) for the establishment of the Shari’ah Supervisory Board (SSB). The inter-agency Board in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) was formally established last April through the […]
The objective of the standard is to introduce and set out a principle-based guidance in Sharia governance and fiduciary ratings. Staff Writer, Gulf Daily News MANAMA: Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has issued three final governance standards for industry adoption. The standards issued by the organisation’s Governance and Ethics Board […]
RIYADH: Saudi Arabia’s stock exchange will establish a Shariah Advisory Committee tto expand its offering to cover new Shariah-compliant investment tools and products, a statement from the company said. The committee consists of representatives from the Kingdom’s largest financial institutions, who will work towards a unified Shariah-compliant rulebook that will be approved by the members’ […]
The bank has assigned Alistithmar for Financial Securities and Brokerage Company (Alistithmar Capital) to be the lead manager and bookrunner for the potential issue Staff Writer, Mubasher Riyadh – Saudi Investment Bank (SAIB) intends to issue a SAR-denominated Tier 1 Sukuk programme, under which it will offer a total value not exceeding SAR 2 billion […]
According to Fitch Ratings, Islamic banking continues to have significant importance in Bahrain, with its market share rising to 38.8 percent of domestic banking system Staff Writer, ZAWYA BAHRAIN ISLAMIC FINANCE Bahrain’s Islamic banking sector growth (including Islamic windows) is expected to continue growth in 2022-2023, thanks to the strong momentum in 2021, likely driven by […]
