State of the Global Islamic Economy’ Report and Indicator 2015-2016 highlight growth milestones

Projections timed ahead of Global Islamic Economy Summit 2015 in October Global Islamic Economy Indicator quantifies current outlook across seven key sectors Dubai Islamic Economy Development Centre(DIEDC) in partnership with Thomson Reuters , the world’s leading provider of intelligent information for businesses and professionals, and in collaboration with DinarStandard, the growth strategy research and advisory […]

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Tunisian firms prepare to issue Islamic bonds

Tunisian firms are preparing to issue Islamic bonds as the government finalises rules covering the sector, creating a new funding option for companies in an economy buffeted by labour unrest and militant attacks. Islamic finance – which bars interest payments in accordance with Islamic, or sharia, law – accounts for just 2.5 percent of Tunisia’s […]

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Islamic Finance Reaches New Level of Shari’ah Governance in U.S.

Azzad Asset Management becomes the 1st American investment firm to complete external Shari’ah audit. (Falls Church, Virginia, 4th August 2015) — Azzad Asset Management today announced the successful completion of an independent, external Shari’ah audit and verification of its policies and procedures. Azzad is the first investment boutique in the United States to obtain such verification. Conducted […]

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Bond experts to discuss the future of the rapidly emerging green bond and Sukuk sector at GEFF

The Global Ethical Finance Forum (GEFF) to be held in Edinburgh on the 1st and 2nd of September will feature the first global conversation of experts on the nascent yet rapidly growing green bond and Sukuk sector and how corporations can benefit from this marketplace. The green bond and Sukuk market has witnessed exponential growth […]

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Dubai plans new sukuk channels as listings top other centres

Dubai passes Malaysia, Ireland, London in sukuk listed * State-linked firms supporting Dubai’s effort * Gulf region may be source of future growth * Working on ways to sell sukuk to retail investors * Designing sharia-compliant repurchase agreement Dubai has overtaken other financial centres in listing Islamic bonds on its exchanges, and is mounting a […]

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Mohammed bin Rashid: We achieved the first goal of Dubai’s plan to become world’s capital of Islamic economy

Photo Credit:Reuters/STRINGER Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Wednesday said the first goal of the strategy launched two years ago to develop and promote Dubai as the global capital of Islamic economy has been achieved. H.H. Sheikh Mohammed hailed the achievement made by Dubai […]

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Worldwide Sukuk issuance looks set to stall in 2015 as major issuer changes course

The global Sukuk market is heading toward a correction in 2015 after the Central Bank of Malaysia (BNM)–one of the largest issuers of Sukuk worldwide–stopped issuing earlier this year, says a report published today by Standard & Poor’s Ratings Services. But as the report, titled “Global Sukuk Issuance Stalls in 2015 As Major Issuer Exits […]

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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 […]

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