The shadows of investors and speculators are seen cast on a screen as they monitor stock prices at the FALCOM investment bank in Riyadh August 5, 2014. REUTERS/Faisal Al Nasser Dubai GCC sovereigns have been the biggest issuer of bonds so far in the year. About $88 billion (Dh322.96 billion) of the issuances have come […]
Photo : Todd Huffman/CC/Flickr 1 Return of the Socially Useful Sukuk is a Wake Up Call to a Lost Islamic Finance Industry 1.1 Was 2014 the Year when the Islamic Finance Industry Lost its Barakat? 1.2 The Socially Useful Sukuk 1.2.1 West Africa, the ICD and IDB 1.2.2 International Finance Facility for Immunisation (IFFIm) 1.2.3 […]
By Monira Matin Malaysia’s Islamic insurers are considering a move into Europe by targeting the continent’s growing Muslim population, an expert in Islamic finance has said. Sharia-compliant products including pension funds and insurance products are based on religious guidelines such as bans on alcohol and gambling, similar to socially responsible funds in western countries. Speaking […]
JAKARTA • The Indonesian government has launched a national master plan to develop its Islamic finance industry, the latest effort aimed at awakening what is still a niche sector in the world’s most populous Muslim country. Islamic finance was introduced in South-east Asia’s largest economy more than two decades ago but it has managed only […]
By Bernardo Vizcaino Aug 19 (Reuters) – The Indonesian government has launched a national master plan to develop its Islamic finance industry, the latest effort aimed at awakening what is still a niche sector in the world’s most populous Muslim country. Islamic finance was introduced in Southeast Asia’s largest economy more than two decades ago […]
SIMON ROUGHNEEN, Asia regional correspondent Indonesian President Joko Widodo awaits heads of government at the World Islamic Economic Forum in Jakarta on Aug. 2. (Photo by Simon Roughneen) JAKARTA — Measures to boost Indonesia’s relatively small Islamic finance sector could help the government implement an ambitious infrastructure modernization program across the 13,000-island archipelago, according to […]
Malaysia’s $25 bln pension offshoot set to boost Islamic finance By Liz Lee and Bernardo Vizcaino KUALA LUMPUR, Aug 12 (Reuters) – Malaysia’s Islamic finance market is set for a much-needed boost when the country’s largest pension fund launches a 100 billion ringgit ($24.9 billion) Islamic fund in January, offering a potential boon for asset […]
With the many challenges Russia’s economy is currently facing, now is the time to shore up relationships with regions in which Russia has had continued success. With that in mind, Russia has set off on a path towards greater participation in Islamic finance and the broader Islamic economy. Three major banks—Vnesheconombank, Sberbank and Tatfondbank—all signed […]
Islamic finance assets grew by 10 percent to reach $2 trillion in 2015, according to a new report by Thomson Reuters. Islamic banking represented 73 percent of these asset, followed by sukuk which represented 17 percent, said the initial findings of ICD Thomson Reuters Islamic Finance Development Indicator (IFDI 2016). The increase in assets was […]
A clock is seen inside the lobby of the headquarters of Fitch Ratings headquarters in New York, February 6, 2013. REUTERS/Brendan McDermid (UNITED STATES – Tags: BUSINESS) Reuters/Brendan McDermid JEDDAH: Sukuk issuance from key markets in H1, 2016 rose 11 percent compared to a year earlier, according to Fitch Ratings’ analysis, underlining our expectation for […]
