Saudi-based APICORP says could issue first international sukuk in 2015

(Reuters) – Saudi Arabia-based Arab Petroleum Investments Corp (APICORP) could issue its first sukuk later this year, as part of its recently-established $3 billion sukuk programme, the company said on Monday. Photo Credit:Reuters/Faisal Al Nasser – RTX1GK29 The sukuk issuance “will allow APICORP to diversify its funding sources, reduce the overall cost of financing, extend […]

Read More

Ajman Bank begins transactions on Nasdaq Dubai Murabaha platform for Islamic financing

Ajman Bank has begun transacting on the Nasdaq Dubai Murabaha Platform, which facilitates the provision of streamlined Shari’ah-compliant financing services. A ceremony to mark the occasion took place at Ajman Bank new Head Office in Ajman attended by Mohamed Amiri, Chief Executive Officer of Ajman Bank and Hamed Ali, Chief Executive of Nasdaq Dubai. Ajman Bank’s initial activity on the platform […]

Read More

Morocco adopts draft law regulating Islamic insurance

May 14 (Reuters) – Morocco’s government adopted a bill on Thursday to regulate Islamic insurance, legislation that will face a final vote by parliament later this year, a cabinet statement said. It is the last step in Morocco’s legislative package to regulate the country’s fledgling Islamic finance industry. Earlier this year, it issued a decree […]

Read More

Islamic finance body IFSB launches industry indicators

The Islamic Financial Services Board (IFSB) has launched a databank of industry indicators covering 15 member countries, helping shed new light on the size and shape of the sharia-compliant banking sector. The Kuala Lumpur-based IFSB, one of the main standard-setting bodies for Islamic finance, is supporting a range of initiatives to improve supervision of the […]

Read More

Islamic finance body IFSB launches industry indicators

The Islamic Financial Services Board (IFSB) has launched a databank of industry indicators covering 15 member countries, helping shed new light on the size and shape of the sharia-compliant banking sector. The Kuala Lumpur-based IFSB, one of the main standard-setting bodies for Islamic finance, is supporting a range of initiatives to improve supervision of the […]

Read More

Basics of the OIC Economies – Islamic Growth Markets Investment Outlook 2015

The 57 mostly Muslim-majority member countries of the OIC (Organization of Islamic Cooperation) represent a collective GDP (current) in 2013 of $6.7 trillion and are projected to grow 2015-19 at a higher rate than rest of the world or BRIC nations. (OIC markets 5.4% versus rest of world (ROW) 3.6% and BRICS 3.9%.) See the infographic […]

Read More
Page 27 of 29« First...1020...2526272829