Canada’s stable economy, growing Muslim community and international outlook could make it the next Islamic financial hub in North America The sharia-compliant financial sector is not entirely new in Canada (AFP) TORONTO, Canada – With a growing Muslim population, stable economy and openness to the world, Canada is poised to become the North American hub for […]
Islamic finance will likely remain a moderate contributor due to the industry’s small size and the issues it has yet to resolve to unlock its global potential. (File photo) Sukuk issues volumes will reach $50 billion to $55 billion in 2016, according to Standard & Poor’s estimates. “We estimate Islamic finance assets were worth about […]
Islamic finance could contribute to meeting some of the sustainable development goals adopted by the UN General Assembly under its 2030 agenda, said Standard & Poor’s Ratings Services in a report published today, “Islamic Finance Could Aid Modestly In Achieving Sustainable Development Goals.” Agreed on in September 2015, the UN General Assembly set 17 sustainable […]
Dubai Islamic Bank (DIB) has listed its latest Sukuk with a value of $500 million on Nasdaq Dubai. This brings DIB’s total Sukuk listings on the region’s international exchange to 3.25 billion US dollars, underlining the rapid expansion of Dubai as the global capital of the Islamic Economy. Dr. Adnan Chilwan, Group Chief Executive Officer, […]
Kampala — The Sub-Saharan Islamic Finance Convention 2016 will take place in Kampala on May 10th and 11th. There are two basic principles behind Islamic banking. The sharing of profit and loss and, significantly, the prohibition of the collection and payment of interest. to a statement, the purpose of the Convention is to create a […]
In a special session held today at the Islamic Banking & Investment Asia/Middle East Congress in Singapore, the International Islamic Financial Market (IIFM) announced the official launch of its latest Sukuk Report (5th Edition) which analysis the growth and development of international and domestic Sukuk issuances in recent years and highlights the different Sukuk structures […]
The Islamic financing deal, worth S$260 million, is backed by a hotel as an underlying security. The hotel, developed by RB Capital, is the 442-room, mid-tier Holiday Inn Express Singapore Clarke Quay. SINGAPORE’s fledgling Islamic finance sector received a boost on Monday with Maybank Singapore announcing a first-of-its-kind Islamic financing deal worth S$260 million. The […]
Islamic financing is growing around the globe, a large part of this is coming from Asia which has five out of the top 10 countries with the largest Muslim populations. According to an article published by the Asian Development Bank. At the end of 2013, Islamic banking and Islamic bonds or Sukuk in Asia had […]
Australia needs sharia-compliant financing if it is to be a regional financial services power. Malaysia and the UK are showing the way. By Chris Wright Imagine a global industry in these volatile and bruising times where it is considered a disappointment that growth might drop to single digits this year for the first time in […]
Islamic financing is growing around the globe, a large part of this is coming from Asia which has five out of the top 10 countries with the largest Muslim populations. According to an article published by the Asian Development Bank. At the end of 2013, Islamic banking and Islamic bonds or Sukuk in Asia had […]
