Stay informed with the Islamic Finance industry’s leading resource which alongside its sister platform provides intelligent insight into the Islamic financial market by means of free access to a comprehensive Sukuk database, global Islamic Bank ranking data, Sharia compliant equities database, market news, statistics and industry standards as well as a directory of industry professionals and firms.

  • Iran to Boost Flagging Sukuk Market

    The Sukuk market is likely to receive a much-needed boost as Iran, home to the world’s biggest Islamic banking sector, with assets estimated at $482 billion, and the fourth largest crude oil reserves returns to the world capital markets.

    Central Bank of Iran in Tehran - Ensie and Matthias - Flicker
  • Asia and Middle East Boost Cross Border Sharia Trade

    Within Asia, China, Japan, India and South Korea are amongst the top export destinations for Saudi Arabia, UAE and Kuwait, with the majority of trade being in the form of Oil & Mineral Fuels.

    Singapore Central Business District - Brain Evans - Flicker

Fixed rate guaranteed returns in the form of interest rates are not permitted in Sharia compliant products. Profit rates which carry an element of risk as well as a target rate which is not guaranteed are the equivalent deposit product.

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The most comprehensive network of Firms & Professionals offering Sharia Financial services covering Banking, Legal, Accountancy & Audit, Shari’a Scholars as well as many other sectors. Register to add your entry for consideration


    Standard Chartered is promient in Islamic Capital Markets acting as advisor and bookrunner

    HSBC is a key player in the arranging of Sukuk

    Dubai Islamic Bank (DIB) was established in 1975 & offers Retail & Wholesale Islamic Banki

    BSF offers Shariah compliant solutions to Individuals and Corporates

    Naveed is Founder of and

    Turkiye Finans is a joint venture of the Saudi Arabia's National Commercial Bank

    An initiative for the development of the Sharia Financial industry

    Khalid is a leading practitioner within the Sharia Financial industry.

    RHB Bank offers Islamic Banking services through its RHB Islamic window

    ADIB is a primary dealer for International Islamic Liquidity Management Corp Sukuk program

Array World Bank Annual Report – Islamic Frameworks for Financial Inclusion

World Bank - Islamic Frameworks for Financial Inclusion

World Bank: Islamic finance promotes risk sharing, connects the financial sector with the real economy, and emphasizes financial inclusion and social welfare. The Bank’s involvement in Islamic finance is linked to its work on reducing poverty, expanding access to finance, and building financial sector stability and resilience.

Array Inaugural Symposium on Islamic Economics and Finance

RHB Sukuk Weekly: Modest Prospects Amidst Grim Outlook

There appeared to be an inclination towards safe haven sovereign credits, with names such as IDB Trust Services 19 (Aaa;Sta/NR/AAA), Saudi Electricity Global Sukuk Co 24 (A-;Sta/AA-/AA-) and Hong Kong Sukuk 2014 Ltd 19-20 (Aa1/AAA/NR)(+USD40.68m in market capitalization).

Using data from our exclusive Sukuk Database, the above Sukuk Chart can be used to view issued Sukuk based on their maturity and issued profit rates along with corresponding information covering issued amount and date as well as rating data. View and filter sukuk based on issued country and currency covering both short-term and long-term issuances as well as historic matured sukuk covering the past ten years.

Array QINVEST Denies Sale of Panmure Gordon Stake

QINVEST Denies Sale of Panmure Gordon Stake

Qatar Islamic Bank announced in response to an article published in Al – Watan newspaper in Qatar, which quoted a Financial Times article, “QInvest to sell Panmure Gordon stake” that the aforementioned article is unfounded as of date. Qatar Islamic Bank deems it necessary to make this clarification by virtue of transparency and disclosure.

Use the above interactive Islamic Bank Chart to select and view Islamic Banking ranking data based on assets, converted where appropriate to US Dollars. View and compare Islamic Bank sizes based on global and country specific views. Data export feature is available using menu on right hand side. Window operations are excluded and only fully fledged Sharia compliant institutions are considered.

Array Takaful – Concept, Challenges and Opportunities

Takaful - Concept, Challenges and Opportunities

Report produced by Milliman Research highlighting key issues and challenges, as well finding sustainable solutions to some of the challenges.

Array Crescent Wealth Investment Newsletter August 2015

Crescent Wealth Investment Newsletter August 2015

The S&P/ASX 300 Accumulation Index recorded it worst monthly performance since October 2008, falling 7.7% in August, and wiping out previously positive CYTD returns (now -0.7%). The Market ex- resources (-7.8%) modestly underperformed Resources (-7.2%) with Banks (-11.7%) the key drag.


AAOIFI Standard Number Seven – Hawala

This standard deals with hawala transactions that involve a change of debtor, i.e. transfer of debt. The scope of this standard shall not include banking remittances except the remittances that take the form of hawala (transfer of debt).

Array Prospects and Challenges – MIFC Report

Prospects and Challenges - MIFC Report

In just four decades, the Sharia compliant finance industry has grown from a niche banking system to be regarded as one of the fastest growing segments of the global financial industry, with total global financial assets estimated to be around USD2tln. The past five years have been most significant, recording 17.3% Compounded Annual Growth Rate spu...

Array Regulatory Arbitrage without Ethics Leading to Crash?

Regulatory Arbitrage without Ethics Leading to Crash?

The ethical principles of Islamic Economics should be at the forefront of thought and intention rather than financial structuring. It is likely only sociably responsible financial centres with depth, liquidity, and well established regulatory and legal frameworks will build the critical mass and emerge as significant Islamic Financial centres. Lond...