UAE securities regulators launch ’passporting’ facility for country-wide promotion of investment funds

Three securities regulators in the United Arab Emirates have agreed on the coordinated supervision of the marketing and selling of domestic funds across the country. The Emirates Securities and Commodities Authority (ESCA), Dubai Financial Services Authority (DFSA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) on Monday released details of a common […]

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Islamic Development Bank to raise $2bln in sukuks in 2019

The Islamic Development Bank (IsDB) will issue its first euro-dominated sukuk this year, President Bandar Hajjar said By Ahmed Eljechtimi, Reuters News RABAT- The Islamic Development Bank (IsDB) will raise around 2 billion dollars through multiple sukuk issuances this year, President Bandar Hajjar said on Thursday. The bank, which operates in 57 countries, sold over 600 million euros […]

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South Africa Banking Market Report 2018: Focus on Central Bank Services, Islamic Finance, Automotive Financing, Retail, Reward & Loyalty, & Direct Home Loans

MENAFN – PR Newswire) DUBLIN, 2019 /PRNewswire/ — The “The Banking Industry in South Africa 2018” report has been added to ResearchAndMarkets.com’s offering. The South African banking sector which has total assets of R5.14-trillion, remains highly concentrated with the five largest banks holding 91% of total assets as of 31 December 2017. While the country’s […]

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Shariah-compliant fintech to improve financial inclusion

Home to the largest Muslim population, Indonesia is looking to sharia-compliant financial technology (fintech) to enhance financial inclusion in the country, where access to financing remains limited. Speaking as the chairman of the Sharia Economic Society supervisory board, Ma’ruf Amin, the running mate of President Joko “Jokowi” Widodo in the 2019 presidential election, told a […]

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The Rise of Islamic Finance on China’s Belt and Road

The BRI in the Gulf has given rise to Chinese investment in developing the Islamic financial sector. By Muhammad Zulfikar Rakhmat The Gulf may not be highlighted on maps of China’s Belt and Road Initiative (BRI), but the region has certainly experienced a rise in relations, particularly in the economic sphere on which the BRI is predicated. It […]

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Dubai Islamic Bank marks listing of $750m bond

The sukuk was 4.9 times oversubscribed with a profit rate of 6.25 percent per annum, and nearly 40 percent of investor interest coming from outside the Middle East The total value of all sukuk listed on Dubai’s exchanges has now reached $61.14 billion, the largest amount of any listing center in the world LONDON: Dubai […]

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