Sukuk spread its wings to Africa
Despite sukuk’s ongoing instability in GCC countries this year, there is a resurgence of interest across 18 African markets. What does this mean to the largely underbanked Muslim population in these markets?...
Tag : Sukuk
Coal-reliant countries embrace green finance
Poland and Indonesia seek environment-friendly advancements through green bond issuance...
Dubai Islamic Bank launches its five-year US$1bn sukuk
The issuance as part of the Bank’s US$5bn sukuk programme was subsequently priced at 3.625% profit rate...
Past 4 years saw rapid development of Green Bonds market
But the size is negligible compared to the global market for debt securities, which only highlights the potential...
Saudi Arabia raises $4.5 billion in its first domestic sukuk issuance
Moody’s terms development credit positive for Islamic banks...
Saudi Arabia generated $9 billion from its first international sukuk
Official media says it reflectsthe strong fundamentals of the Saudi economy...
Challenges for Islamic finance in the USA
The biggest challenge is the First Amendment of the US Constitution Camille Paldi March 14, 2017: With proper regulation, legislation, and dispute resolution, Islamic finance, sukuk (Islamic bond) and takaful (Islamic insurance) have tremendous possibilities in the United States at this moment in time. Modes of Islamic finance, including musharakah, mudharabah, murabahah, tawarruq, salam, and istisna’a, can enhance the capitalist performance of...
More sovereign sukuk on the way
This was the opinion of delegates at the IFM’s summit on Islamic finance - Tim Evershed...
Islamic funds are not just an alternative
Their success is turning them into a source of competition for the conventional funds industry Camille Paldi September 22, 2015: More than 750 Islamic Investment Funds have been established around the world with assets under management (“AUM”) totaling approximately $60 billion compared to 70,000 conventional funds with AUM of $19trillion. Currently, a wide variety of...
DP world launches Sukuk in LSE
Becomes the fourth Sukuk bond to have launched this year May 31, 2016: DP World on 27th May launched $1.2 billion Sukuk bond in London Stock Exchange (LSE). It now becomes the fourth Sukuk to be launched this year in LSE. This follows the first ever Sukuk from Islamic Corporation for the Development of the...