Turkey seeks huge piece of Islamic finance pie

Deputy Prime minister in Charge of the Economy Mehmet Şimşek, speaking at the Interest-Free Finance Coordination Board’s meeting on the growing importance of Islamic banking, said the size of the sector globally was projected to grow to $3.5 trillion in the next five years and Turkey aimed to manage a sizeable portion of this huge […]

Read More

Sukuk Market Developments in Asia for Q216

Emerging East Asia’s G3 currency bond issuance declined 2.5% y-o-y in January–July Report by Asian Development Bank – Asia Bond Monitor September 2016, Review of Islamic Finance and Sukuk market in South East Asia. Sukuk represented 11.8% share vs. conventional in Indonesia and 54.6% in Malaysia In Southeast Asia, total G3 currency bond issues (bonds […]

Read More

India’s Islamic Finance: The First Steps Forward

Article by Jayesh H, Monil Chheda & Sanjana Rao In September 2015, the IMF estimated that the aggregate financial assets, held in Islamic accounts, were above US$2 trillion globally and that they would outperform the growth of conventional finance in many countries. Renowned Indian economist MS Swaminathan, who is also the pioneer of green revolution […]

Read More