One can make an argument that the only bright spot in Malaysian finance, commerce and politics today is Islamic finance. It is the only area where Malaysia leads the world. The Securities Commission intends to keep it that way and in January launched a five-year blueprint to cement its status. How? Malaysia already leads the […]
finance is a concept that people working in the banking and finance industries are likely to come across in their careers. Islamic finance, despite its label, is not limited to Muslim countries. It has shown growth globally, including in Europe. Total Islamic finance assets worldwide are projected to grow to $3.5 trillion by 2021 from […]
Marrakech, Morocco. Five banks in Morocco have been granted permission by the central bank to offer Islamic banking services and products Sharia-compliant finance has made its debut in Morocco, with the government approving Islamic products and services in the banking sector Morocco has become the latest Muslim-majority country to authorise Islamic banking. The central bank […]
LAGOS — Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has issued its maiden sukuk, the highest-rated ever sukuk issuance from an African institution. Following high levels of investor interest, the initial target of $100 million was more than twice oversubscribed, resulting in the transaction being upsized to $150 […]
A Saudi trader holds prayer beads as he works at the Saudi Investment Bank in Riyadh Reuters/STR New Dubai: The share of sukuk issuance in core markets such as the Gulf Cooperation Council (GCC) region, Malaysia, Indonesia, Turkey and Pakistan are expected to keep up their market share in 2017 in the total debt capital […]
Islamic finance an appealing option for international students "Since the financial crisis specialist teams within financial institutions, such as those working in Islamic finance, are seen as more significant," says Professor Naik Islamic finance is attracting increasing numbers of executives from diverse backgrounds, according to a London Business School finance professor. Narayan Naik, Professor of […]
Malaysia’s securities regulator has proposed establishing a fund to invest in the country’s Islamic finance funds and make them more attractive to institutional and foreign investors. The southeast Asian country has carved out a leading role in Islamic finance. Malaysian asset managers hold 132.4 billion ringgit ($30 billion) worth of sharia-compliant assets – among the […]
By JAMES NGUNJIRI The Insurance (Amendment) Act 2016 signed into law by President Uhuru Kenyatta last week, is set to enhance Kenya’s position as the premier Islamic financial hub on the African continent. The move came a week after the Capital Markets Authority (CMA) was admitted by the Council of the Islamic Financial Services Board […]
Rabat – Halal credits and Sharia compliant bank accounts are now available in Morocco as the Central Bank and the Ministry of Economy and Finance have authorized the opening of five Islamic banks, referred to as “participatory” banks, according to a press release published this Monday. No authorizations had so far been granted to foreign banks […]
Islamic finance is a part of the global financial services industry that is continuing to expand, both geographically and in terms of the industries and sectors that it services. As further expansion is anticipated, particularly in the aviation sector, Michael Savva, from legal firm, Watson Farley & Williams (Middle East), explains what is involved. Financiers […]
