KUALA LUMPUR: Moody’s Investors Service (Moody’s) expects strong Islamic finance growth in Malaysia to continue over the next 12 to 18 months supported by more government initiatives and digital banking. Financial institutions group analyst Chong Jun Wong said similar to other key Islamic markets, the growth of Islamic banks in Malaysia has actually outpaced the […]
By: HANNAH GANNAGE-STEWART, INDUSTRY NEWS Islamic finance professionals expect the sector to move rapidly towards greater use of open banking over the next three years, according to new research. The study, by IslamicMarkets.com, found that 90 per cent of Islamic finance professionals believe the adoption of open banking by financial institutions, governments, fintechs and other […]
Written by Yousef Saba for Reuters -> DUBAI, April (Reuters) – Bahrain has hired a group of banks to arrange investor calls ahead of a planned sale of U.S. dollar-denominated bonds comprising a tranche of Islamic bonds as well as conventional notes, a bank document showed on Wednesday. Bank ABC, Citi, First Abu Dhabi Bank, HSBC, JPMorgan, National Bank […]
The five-year sukuk which was priced at a reoffer yield of 4.774% generated strong demand, attracting orders of over $3.75bln Binsal Abdulkader and Rola AlGhoul, WAM (Emirates News Agency) DUBAI – Emirates NBD has successfully priced a US$1 billion Senior Unsecured Sustainable Sukuk for Al Rajhi Bank, the world’s largest Islamic bank by assets and market capitalisation. […]
March saw six interest rate hikes across eight meetings by central banks overseeing the 10 most heavily traded currencies Karin Strohecker and Vincent Flasseur, Reuters News April, 2023 LONDON – The pace of interest rate hikes by major developed and emerging market central banks continued at a healthy clip in March though the scale of rises […]
National Bonds outstanding growth in 2022 included both individuals and institutions, as well as remarkable returns given to the bondholders Tariq Al Fahaam, WAM (Emirates News Agency) DUBAI: National Bonds, the UAE’s Shari’a-compliant savings and investment company, saw another strong year soaring to an investment portfolio of AED 13.7bn ($3.7 billion) in 2022, higher by 15% […]
Deutsche Bank, Emirates NBD Capital and J.P. Morgan are mandated joint global coordinators, and UAE lenders Abu Dhabi Commercial Bank, Dubai Islamic Bank and Mashreq are acting as joint bookrunners on the deal Rachna Uppal, Reuters News DUBAI – Property developer DAMAC Real Estate Ltd (DAMAC) has mandated banks to arrange investor meetings ahead of a […]
Government seeks to develop Islam-compliant mortgages in regulatory testing ground By: James Langton. April, 2023 The government of Alberta is looking to expand access to financing that adheres to Islamic law, with a view to enabling halal mortgages. The provincial government said that its regulatory sandbox — which allows financial firms to experiment with novel products […]
The study further shows that the global halal economy is taking centre stage, showcasing its significant growth and potential to reach a staggering $7.7trln in market value by 2025 Staff Writer, The Peninsula April , 2023 Doha: The Investment Promotion Agency of Qatar (IPA Qatar) conducted a study that shows that the State of Qatar serves […]
By Abdul Rahman | Published Apr, 2023 | 10:36 am The management of the Bank of Punjab is mulling over an option to convert the banking institution to a full-fledged Islamic bank in the next few years considering the pent-up demand for Sharia-compliant financing and its staggering growth across the country. In this connection, the bank shall […]
