The global long-term sovereign sukuk issuance is set to drop to $73 billion in 2022 Issac John, Khaleej Times Global sukuk issuances, which surged 39 per cent to $250 billion in 2021, will continue to grow this year as economies recover from the coronavirus pandemic. “Market activity continues to grow, global sukuk issuance was near $40 […]
Inflation is a major problem for modern economies. Over the years, the problem shifted from one extreme to the other: from “the great inflation” in the 1960s and 1970s, to “the death of inflation” and “inflation myth” in the 1990s and 2000s, to the “deflation monster” in 2010s, and most recently, to “the biggest inflation […]
Islamic Finance is set to drive a growing focus on ESG and sustainability in the wider Halal economy, new research* with leading Islamic Finance professionals working across a wide range of sectors shows. Up to 88% of Islamic Finance professionals believe the growing focus on ESG and sustainability in their industry will mean the wider […]
The issuance is divided into two tranches Staff Writer, Arab News RIYADH: Saudi Arabia’s National Debt Management Center has closed the March 2022 issuance of Saudi riyal-denominated sukuk, valued at SR10.3 billion ($2.75 billion). The issuance is divided into two tranches. The first tranche has a size of SR3.5 billion maturing in 2030, while the second […]
Doha Qatar offers great opportunities for international fintech companies, especially in light of the projected expenditures allocated for information and communications technology, which could reach $9bn by 2024, according to Minister of Commerce and Industry HE Sheikh Mohamed bin Hamad bin Qassim al-Thani. “The Islamic fintech market in Qatar was estimated at $850mn in 2020, […]
By :Aarti Nagraj Dubai Islamic Bank, the largest Sharia-compliant lender in the UAE, has closed a $750 million (Dh2.75 billion) five-year sukuk, tapping into growing global interest in Islamic bonds. Investor demand was “strong” with an order book that was more than 2.5 times oversubscribed, the lender said in a statement on Wednesday to the Dubai Financial […]
Morocco’s Ismalic financing landscape continues to grow exponentially, with house loans reaching MAD 16.1 billion ($1.6 billion) at the start of 2022. By: Jihane Rahhou Rabat – Islamic financing for housing in Morocco showed positive growth signs at the end of January 2022, settling at MAD 16.1 billion ($1.6 billion), a 39.6% increase from the […]
Ahmed Ali Siddiqui | Maryam Tariq The Islamic finance industry continued its impressive growth journey in Pakistan in 2021. Pakistan has been ranked 8th in the Global Islamic Economic Indicator list with the sustainable growth of Islamic institutions in the financial sector and economy. In 2021, the Islamic finance industry of Pakistan achieved high growth, effectuated significant […]
Islamic banks’ assets globally will continue to outperform their conventional peers this year, Moody’s says Sarmad Khan Mar 8, 2022 The Islamic finance sector is set to continue growing in 2022 as the accelerating economic recovery, particularly in the GCC region, brightens the outlook for credit growth despite challenges from a rise in interest rates and decline in […]
By Moamen Said Attallah, Reuters News CAIRO- Cabinet statement The Egyptian cabinet has given the finance ministry the go-ahead to take measures aimed at issuing sovereign sukuk on international markets, a cabinet statement said on Wednesday. (Reporting by Moamen Said Attallah; Writing by Shakeel Ahmad; Editing by Alison Williams) ((shakeel.ahmad@thomsonreuters.com;)) Copyright reserved 2022 – Zawya
DUBAI, (Reuters) – S&P Global Ratings said on Wednesday it expects global sukuk issuance volumes to be flat at best in 2022, amid decreasing liquidity and rising borrowing costs, as well as higher oil prices cutting some core Islamic finance countries’ funding needs. While economic transformation goals such as Saudi Arabia’s Vision 2030 may usher […]
The banks that arranged the loan included Emirates NBD and First Abu Dhabi Bank RIYADH: Egypt secured a $3 billion loan arranged jointly by a group of Gulf banks, to be divided equally between green and Islamic financing for a period of 3 years. The financing, which closed last month, saw a return of 260 […]
