Islamic banking has grown by leaps and bounds, gaining momentum on the back of continuous innovation, better products and customer service. Photo – Times file photo Muscat: Oman’s Islamic banks and window operations have shown a robust year-on-year growth of 53.09 per cent (or OMR744.3 million) in financing at OMR2,146.2 million by the end of July […]
DUBAI: New sukuk issuance continues to remain subdued in 2016, but growth prospects for the Islamic finance sector are still strong, says Moody’s Investors Service in a report. “Growth in the Islamic banking sector continues to broadly outpace that of conventional banks in most systems in which Islamic banks have been established,” says Khalid Howladar, […]
KUALA LUMPUR: Although global growth trends in Islamic bond (sukuk) issuance has slowed, growth trends in Islamic banking assets remain strong, says Moody’s. “Continuing retail demand for Syariah-compliant financial services in Muslim majority countries has driven strong financing growth of around 6 per cent in core Islamic markets for the first six months of 2016,”it […]
Lender Maybank Indonesia has called on the Indonesian government to promote Islamic financing as an alternative funding to boost infrastructure projects in the country. Maybank Indonesia president director Taswin Zakaria said infrastructure projects covered tangible assets such as land and equipment that could be securitized for Islamic financing such as sukuk. “We view Islamic financing […]
A Saudi trader holds prayer beads as he works at the Saudi Investment Bank in Riyadh March 18, 2008. Reuters/STR New Dubai: The Islamic finance industry, which encompasses Islamic banking, Islamic capital markets and Takaful (Islamic insurance), is expected to face slower growth this year and the year ahead as key markets for Islamic finance […]
1 G20 and OECD Highlight use of Islamic Financing Instruments for Infrastructure Development 1.1 Mapping of instruments and vehicles for the financing of infrastructure 1.2 Countries may consider the following selected actions 1.3 Diversifying instruments and optimising risk allocation In a recent joint G20 and OECD paper, the use of Islamic financing instruments such as Sukuk was highlighted and a […]
Islamabad—Islamic finance is fast growing across the globe. Ernst & Young, a consultancy and accounting firm, estimates that Islamic banking assets grew at an annual rate of 17.6 per cent between 2009 and 2013, and will grow by an average of 19.7 per cent a year to 2018. Khalid Howladar of Moody’s, a rating agency, […]
A Gulf African Bank branch on Kenyatta Avenue in Nairobi. PHOTO | FILE By: Farrukh Raza Founder & Managing Director IFAAS Islamic banking has been a key topic of discussion in Kenya. Several recent banking sector incidents have been allegedly linked to Islamic banking by some, and denied by others. Islamic banking is not understood […]
LONDON–(BUSINESS WIRE)– Technavio analysts forecast the global sukuk market to grow at a CAGR of almost 9% during the forecast period, according to their latest report. Global sukuk market to grow at a CAGR of almost 9% during the period 2016-2020, according to Technavio. The research study covers the present scenario and growth prospects of the global sukuk […]
An investor looks at a trading board at the Dubai Stock Exchange in the Dubai World Trade Center October 12, 2008. Reuters/Ahmed Jadallah Following are major Islamic bond issues in the global pipeline.The Thomson Reuters Global Sukuk Index was last at 122.29605 points, up from 116.97354 at the end of last year. The Thomson Reuters […]
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 […]
