JAKARTA, (Reuters) – Indonesia has raised $3.25 billion by selling U.S. dollar-denominated Islamic bonds with 5-year and 10-year tenures, the country’s biggest global sukuk issuance, the finance ministry said on Wednesday. The 5-year notes carry a coupon of 4.40%, while the 10-year notes have a 4.70% coupon, below the sovereign’s initial price guidance, it said […]
By Sohail Sarfraz, 2022 ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is planning to work with stakeholders for increasing the volume of Takaful in Pakistan by launching Taktech (Takaful technology) to revolutionize the Takaful sector. SECP officials informed the media about the new initiatives of the Islamic Finance at the SECP headquarters here […]
Moody’s points to huge demand for interest-free banking, high growth of Islamic banking by: Salman Siddiqui,2022 KARACHI:The banking sector is on the rise in Pakistan, but Shariah-compliant banks are leapfrogging and set to outpace the conventional banks in the coming years, as more banks are anticipated to apply for Islamic banking licences. The Shariah-compliant banks […]
By: Marlena Kareem Gatehouse Bank has launched a range of green home financing products for the UK. It is the first Shariah compliant finance provider in the UK to enter this market. Properties need to come with a suitable Energy Performance Certificate, which records its energy efficiency and environmental impact rating based on CO2 emissions, to […]
HNW investors have already taken steps to integrate their Islamic beliefs via Shariah-compliant strategies, and want to learn more about sustainable investments, the head of New Markets at Lombard Odier said There is a “strong shift” towards value-based investing, especially among high net-worth (HNW) investors in the Middle East region, where strong religious, cultural, and […]
GCC issuers dominated ESG sukuk issuance in Q1, accounting for 59 percent of cumulative global ESG sukuk issuance. Jinan Al Taitoon, ZAWYA May , 2022 Environmental, social and governance (ESG) sukuk issuance, comprising green and sustainability-linked sukuk, was dominated by mostly GCC-based financial institutions in Q1 2022, though most issuances came from the energy and utilities […]
Tayyab Ahmed, ZAWYA May 2022 Digitalisation funding is focused around high-impact sectors Digitalisation is transforming the way the world operates. Industries are either disrupting or being disrupted by the fragmentation of their landscapes and value chains, with new players threatening incumbents in notable ways. Global venture funding more than doubled in the past year alone, from […]
BY GULAM ALI KHAN Muscat – Islamic banking is continuing to grow rapidly in Oman driven by growing awareness about Sharia’a-compliant products, strong retail demand and supportive regulations. Total assets of the sultanate’s Islamic banks and windows grew by 10.7 per cent year-on-year to hit RO6bn mark in the first quarter of 2022, according to the […]
Liau Y-Sing – Bloomberg Islamic finance pioneer Malaysia is looking for new drivers to reignite growth for its US$286 million (RM1.208 billion) industry. Sustainable finance and digitisation of services will lead the way, with lenders expected to adopt technologies such as artificial intelligence and big data to break into under-served markets, said Bank Negara Malaysia […]
Islamic banks’ total assets expanded by 8.1% in 2021 Staff Writer, Gulf Daily News Rising public demand for Islamic products and the expected improvement in operating environment is set to drive growth in Bahrain’s Islamic banking sector, says Fitch Ratings. The ratings agency said the forecast for 2022-2023 is based on rising oil prices, higher real GDP […]
