Investors are choosing cash, gold and bonds after economic shocks – report

Investment management firm Invesco said that investors are shifting focus from portfolio balance to include allocations to cash, gold and bonds for safety in wake of ‘perfect storm’ of factors Staff Writer, ZAWYA 2022   Investors are shifting their focus on portfolio balance in the wake of an unprecedented ‘perfect storm’ of economic shocks, according to […]

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The IILM concludes reissuance of USD 1.03bln short-term Sukuk

The competitive tender witnessed a strong order book in excess of USD 1.86 billion, representing an average bid-to-cover ratio of 181% Press Release June 2022 Kuala Lumpur, Malaysia: The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 1.03 billion short-term “A-1” rated Ṣukūk across three different tenors of one, three and six-month […]

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Indonesia raises $3.25 bln in its biggest global sukuk sale

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 […]

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Takaful sector: SECP planning to work with stakeholders for launching Taktech

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 […]

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Islamic banks to outpace conventional ones

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 […]

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Why high net worth investors in the Middle East are shifting to sustainable investments and Islamic Finance

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 […]

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GCC takes lead in ESG sukuk issuance, Saudi Arabia becomes largest market

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 […]

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The impact of digitalisation on OIC nations and Islamic finance

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 […]

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Oman’s Islamic banking assets crosses RO6bn mark

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 […]

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Malaysia seeks sustainable lead to drive Islamic finance growth

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 […]

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