Turkey to merge its state-owned Islamic banks, announces Erdogan
Ziraat Katilim, Vakıf Katilim, and Halk Katilim banks would be consolidated, with the goal of creating "significant synergy" in the Islamic financial sector...
Category : Islamic Finance
Philippines’ contribution in ASEAN’s Islamic finance market remains small, says Fitch
As per the Fitch, Islamic banking assets in the Philippines amounted to just USD 44 million as of end-2025...
Uganda to take sukuk route for financing railway project
Export credit agencies are expected to provide 60% of the project financing, while development finance institutions would contribute the remaining 25%...
Islamic finance to witness growth slowdown in 2026, says S&P Global
As per the S&P Global, the Islamic finance industry is undergoing a high degree of unpredictability regarding the duration and scope of the Iran war...
DFSA pitches enhancements to Dubai’s Islamic finance mechanism
DFSA proposes several updates, including clearer guidance on when authorised firms are required to obtain Islamic finance endorsements...
Senegal launches FDMI fund to scale up microfinance sector
According to Abdou Diaw, head of the FDMI, the fund will mobilize Sharia-compliant resources and channel them toward Senegal's SME sector...
S&P Global Ratings sees sukuk issuance dip tied to Middle East conflict
As per S&P Global Ratings, total issuance reached USD 62.4 billion in Q1 2026, compared with USD 52.6 billion seen in the similar period in 2025...
Malaysia’s Islamic finance landscape remains resilient: AIBIM
As per AIBIM, Islamic finance players in Malaysia are also advancing value-based intermediation to deliver sustainable and inclusive outcomes...
Uzbekistan’s Islamic financial framework: All you need to know
To ensure systemic management and compliance with Sharia standards, the Central Bank of Uzbekistan will have its Islamic finance council...
Middle East tensions: Fitch issues outlook for sukuk issuances
While about 84% of Fitch-rated sukuk in the GCC countries were rated investment grade, 63.2% was in the ‘A’ category, while 90% of issuers were on Stable Outlooks...