I’ve put together some of the predications made around this time last year, and cross checked the actual results which makes for fun watching. I focus on companies or investments which are considered investable as Islamic Equities forming part of Islamic Indexes, Islamic Investment Funds or would be classified as such based on a qualitative assessment. »
Islamic finance is a moral system of finance. It emphasizes the balance between for-profit activities, justice, tolerance, risk sharing and social good as well as not-for-profit activities. »
Empowerment to access Markets, Technology, Education 21 July 2017 – The Islamic Development Bank (IDB) and the Islamic Solidarity Fund for Development (ISFD) held a wonderful event at the United Nations headquarters in New York titled “From Financing to Empowerment – Islamic Finance as an Enabler in Eradicating Poverty” on 14 July. A video of the event is provided below by UN Web TV. T... »
14 July 2018 - Astana International Financial Centre aspires to become a new global financial hub, and Islamic finance is expected to be a key part of that goal. »
5 March 2018 leading luminaries from Islamic finance gathered at the London stock exchange. Dr Bandar Hajjar, President of the Islamic Development Bank highlighted the need for London with its world class financial services expertise to be at the heart of the “Islamic finance revolution” and for it to leverage its global marketplace to help realise the potential of Islamic finance. »
Securitization of Sharia-compliant home purchase plans On 22 February, UK-based Al Rayan Bank PLC (ARB, Aa3 negative, baa21) issued the UK’s first asset-backed Sukuk through a special-purpose vehicle, Tolkien Funding Sukuk No. 1. The issuance, a £250 million securitization of Sharia-compliant home purchase plans (HPPs), widens the issuer base for Sukuk outside the core Islamic markets of Gulf Coo... »
IDB Aiming for its Largest Sukuk Issuance Bandar Hajjar, president of the Islamic Development Bank (IDB) has said the Saudi Arabia headquartered institution is planning soon to issue its largest sized Sukuk for $2.5 billion. The 57 member AAA rated development bank is a regular issuer of Sukuk having last issued in September 2017 with a $1.25 billion issuance which was priced at 2.261%. As part of... »
The IMF examines whether compliance with Basel Core Principles (BCPs) for effective banking supervision affects bank stability and risk taking by comparing conventional and Islamic banks. Basel Compliance and Financial Stability: Evidence from Islamic Banks While previous studies that use the BCPs index report no evidence of a significant association with bank stability and efficiency, this study ... »
Islamic Finance Week in Review – 24 Feb 2018 Corporate Sukuk Market The sovereign and corporate sukuk market surged this week, with the stand out corporate issuance coming from Turkey where Al Baraka Turk’s issued a first for Turkey with a Tier 1 perpetual Sukuk facility which is also the first Basel III-compliant publicly-listed Tier 1 issuance. The profit rate was 10%. In Oman, Golden Grou... »
Blacklist Could Curtail Free Flow of Islamic Financial Funds to UAE and Bahrain The global Islamic finance centre credentials of the UAE and Bahrain took a hit as EU finance ministers added them to a list of “blacklist” tax havens, which could mean they lose access to EU funds and face other sanctions. EU finance ministers have listed 17 countries for failing to meet agreed tax good governance sta... »
