The Sultanate has one of the highest Islamic asset growth rates in the world By Staff Writer, Banker Middle East Islamic finance in Oman is thriving. There are more financial institutions currently offering Islamic finance products or working under a Shari’ah framework than ever before, and this is due in no small part to the regulatory […]
SEPTEMBER 2019 GODWIN CAPITAL AND IFAAS LAUNCH THE FIRST SHARIAH COMPLIANT ALTERNATIVE TO LOAN NOTES IN EUROPE Godwin Capital, the fundraising and investment arm of the Godwin Group, has introduced a new Shariah compliant investment opportunity to the European market. The Godwin Wakala Note (‘Wakala Note’), structured by the leading international Islamic finance […]
by Gabriel Olano A new law in the Philippines will seek to support the growth of Islamic finance, extending financial inclusivity to the country’s minority Muslim population. Republic Act 11439, which was signed on August 30 by President Rodrigo Duterte, mandates the Bangko Sentral ng Pilipinas (BSP) to oversee Islamic banking in the country, Rappler reported. […]
KUALA LUMPUR (Aug 28): Islamic banking institutions in Malaysia have been urged to provide extensive financing and entrepreneurship training to small and medium enterprises (SMEs) in order to strengthen the sector, said an economist. Bank Islam Malaysia Bhd’s chief economist Dr Mohd Afzanizam Abdul Rashid said the move will create more jobs in SMEs and […]
Written by Sawitri Mardyani Published in Islamic Finance FINISPIA is a stock screening tool designed for making Islamic investment easier by making it easier to find out which stock is halal and which one is not. FINSPIA is a Canadian company that was launched with the support of a crowdfunding campaign on LaunchGood.com. Muslim Link interviewed the CEO […]
Today enterprise blockchain company R3 announced that Dubai fintech startup Wethaq has signed a strategic partnership. Wethaq is targeting Islamic Capital Markets, starting with Sukuks. Earlier this year S&P ratings estimated the 2019 issuance of Sukuks would be $115 billion, the same as 2018. Blockchain has seen significant activity in asset-backed securities, which goes to […]
An interview with Paul Stockwell: Islamic finance has ‘enormous opportunity’ for growth over coming years – Theo Osborn n an interview with Specialist Banking, Paul Stockwell, chief commercial officer at Gatehouse Bank (pictured above), discusses increasing awareness of Islamic finance and opportunities in the banking world. Your research found that 46% of Muslim consumers had never […]
Huileng Tan, Evelyn Cheng China’s pursuit of Belt and Road Initiative projects in predominantly Islamic countries is expected to spur growth in the Islamic finance sector. Chinese issuers have, however, recently pulled away due to the complexities involved in rolling out such products, particularly as standards differ across various regulatory regimes, says Mohamed Damak, global […]
by Sebastian McCarthy Islamic banking within the Commonwealth of Independent States (CIS) will grow substantially over the next five years, according to Moody’s Investors Service. The US agency is forecasting financial expansion in many of the CIS counties during the years ahead as a result of government initiatives built to nurture the sector. “Kazakhstan, Kyrgyzstan, Tajikistan […]
Jakarta (ANTARA) – Indonesia’s advancement and prioritization of Islamic Finance, including the recently launched National Islamic Finance Committee, locally called KNKS, is transformative, Islamic Development Bank (IsDB) official noted in a statement received by Antara here, Thursday. “We, at the IsDB, are pleased to support Indonesia’s roadmap to have a larger share of Islamic Finance […]
Sharia-compliant banks step up investments in digital space to cater to this demographic Published: June 30, 2019 07:00 David George | Editor – Commercial Publishing Younger customers are expected to play a crucial role in the growth of Islamic finance and expand its customer base in the future. With Muslim spend estimated at $2.1 trillion in 2017, […]
As Middle East investment in renewables increases, adoption of green sukuk as one of the alternatives to traditional financing techniques will rise, says Deloitte Islamic finance can play a significant role in financing solar and other alternative energy projects in the Middle East as countries put an emphasis on green energy to meet increasing demand, […]
