Islamic Finance

IslamicFinance.com and Sukuk.com are initiatives for the enhancement and development of the Islamic financial market.

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Astana Forum discusses linking International Islamic Finance

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.

Experts emphasised China’s support could be instrumental in the development of Islamic finance by bringing scale and critical mass to the wholesale and retail markets.
Kazakhstan has positioned itself to take advantage of China’s belt and road initiative as attempts to draw investors from Central Asia and the Islamic world.

The following equities have been screened and comply as Sharia compliant for the purposes of permitted investment.

Name	Exchange	Complaince
Church & Dwight Co., Inc.	New York	Member of Certified Islamic Fund
Valero Energy Corporation	New York	Member of Certified Islamic Fund
Broadcom	New York	Member of Certified Islamic Fund
Delta Air Lines, Inc.	New York	Member of Certified Islamic Fund
Ross Stores, Inc.	New York	Member of Certified Islamic Fund
United Parcel Service, Inc.(UPS)	New York	Member of Certified Islamic Fund
Dentsply Sirona Inc.	New York	Member of Certified Islamic Fund
eBay Inc.	New York	Member of Certified Islamic Fund
CVS Health	New York	Member of Certified Islamic Fund
Novartis AG	SIX Swiss Exchange	Member of Certified Islamic Fund
Johnson & Johnson	New York	Member of Certified Islamic Fund
EOG Resources Inc	New York	Member of Certified Islamic Fund
L Oreal SA	Paris	Member of Certified Islamic Fund
Procter & Gamble	New York	Member of Certified Islamic Fund
Schlumberger	New York	Member of Certified Islamic Fund
ConocoPhillips	New York	Member of Certified Islamic Fund
Bristol Myer Squibb	New York	Member of Certified Islamic Fund
Apple Inc	New York	Member of Certified Islamic Fund
MTN Group	Johannesburg	Member of Certified Islamic Fund
Nestle SA	SIX Swiss Exchange	Member of Certified Islamic Fund
Sysmex Corp	Tokyo	Member of Certified Islamic Fund
Samsung Electronics	Korea SE	Member of Certified Islamic Fund

Name: Valero Energy Corporation

Exchange: New York

Country: United States of America

Currency: USD

Description: Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba.

Islamic Investment Compliance Source : Member of Certified Islamic Fund - BNP Paribas Islamic Fund

Data is indicative, not updated daily and may be incorrect

The following funds have been screened and comply as Sharia compliant for the purposes of permitted investment.

Fund Information: The Participation Fund invests at least 80% of its assets in short and intermediate-term Islamic income producing investments. The Fund invests primarily in notes and certificates issued for payment by foreign governments, their agencies, and financial institutions in transactions structured to be in accordance with Islamic principles. Examples of these notes and certificates include (a) sukuk, which link the returns and cash flows of financing to the assets purchased, or the returns generated f

Asset Type: Sukuk Fund

Assets Under Management: USD$5.71 Million

Domicile: United States of America

Inception Date: September 28, 2015

Management Fee: 1.1%

Reports: Prospectus|Annual Report | Performance Report Link to Fund Manager

Data is indicative and not updated daily

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.

Name	1 Year	2 Years
Al Rayan	1.51%	2.02%
BLME	1.60%	2.00%
UBL UK	1.50%	1.92%
ADCB	1.20%	0.00%

Name	1 Year	2 Years
Dubai Islamic Bank	1.00%	0.0%
Noor Bank	0.70%	1.05%
ADCB	1.40%	0.00%

Name	1 Year	2 Years
Kuwait Finance House	0.16%	0.00%
ADCB	0.48%	0.00%

Name	1 Year	2 Years
Kuwait Finance House	0.40%	0.00%
Dubai Islamic Bank	0.60%	0.0%
Noor Bank	0.55%	0.65%
ADCB	1.03%	0.00%

Data is indicative and not updated daily

Global Industry News

14 Jul News Photo : mfa.gov.kz

Astana Forum discusses linking International Islamic Finance

Astana Finance Days Forum Astana International Financial Centre aspires to become a new global financial hub,

08 Mar Leading Islamic Finance centres Photo : Sukuk Summit 2018 LSE

London Islamic Finance Centre Shines at Sukuk Summit

London Sukuk Summit at London Stock Exchange with Islamic Development Bank 5 March 2018 - Leading luminaries

07 Mar News

Moody's: UK’s first asset-backed Sukuk is credit positive for Al Rayan Bank and Islamic financial institutions

Securitization of Sharia-compliant home purchase plans On 22 February, UK-based Al Rayan Bank PLC (ARB, A

24 Feb News Photo : IDX

The Islamic Finance Week - Jakarta to Manchester

Islamic Finance Week in Review - 24 Feb 2018 Corporate Sukuk Market The sovereign and corporate sukuk mark

20 Feb News Photo : IDB HQ in Jeddah, Saudi Arabia

Islamic Development Bank aims for $2.5bn Mega Sukuk

IDB Aiming for its Largest Sukuk Issuance Bandar Hajjar, president of the Islamic Development Bank (IDB) has

17 Feb News

Sukuk Issuance in Africa: A Prospect for Further Growth

Article originally published in IIFM Sukuk Report, 6th Edition. Written by Islamic Corporation for Private Sec

16 Feb Islamic Banking

The “Black Magic” Playboy who took Dubai Islamic Bank to brink of Collapse

Foutanga Babani Sissoko told DIB branch manager he had black magic powers and ended up taking $242m from the b

05 Dec Bahrain Photo : European Council

EU Finance Ministers Blacklist UAE and Bahrain

Blacklist Could Curtail Free Flow of Islamic Financial Funds to UAE and Bahrain The global Islamic finance ce

Commodity Murabaha used to finance UK Office Deal

24 Nov News Photo : Ninian Reid/Flickr/CC

Commodity Murabaha used in finance UK Office Deal

The Shariah-compliant refinancing of high value office accommodation in Aberdeen has been completed using a co

24 Nov China Photo : China Pakistan Border/Flickr/CC/Bongo Vongo

China’s One Belt Initiative to Boost Islamic Cross Border Investment

Gross global cross-border capital flows have shrunk by 65 percent from US$12.4 trillion in 2007 to $4.3 trilli

Saudi Arabia Crackdown on Corruption Impacts Defaulted Sukuk

08 Nov Saudi Arabia Photo : Peter Dowley/CC/Flickr

Saudi Arabia Corruption Crackdown Impacts Defaulted Sukuk

Sukuk Default - Saad Group Head Arrested in Saudi Arabia Maan Al Sanea was arrested by Saudi authorities in O

08 Nov Malaysia

Islamic facility agreement signed by ICD and Mizuho Bank

ICD and Mizuho Bank sign Islamic financing agreement The Islamic Corporation for the Development of the Priva

06 Nov Canada Photo : Rick Harris/Flickr/CC

Why Canada is Welcoming the Industry with Open Arms

Canada has helped to establish a template for other sovereigns in embracing alternative and socially conscious

Sharia compliant finance for Development

14 Oct News Photo : World Bank

Sharia compliant for Development

Islamic Finance for Development Victoria Kwakwa - World Bank Vice President for the East Asia and Pacific.

14 Oct News

IMF: Evidence from Islamic Banks for Basel Compliance and Financial Stability

The IMF examines whether compliance with Basel Core Principles (BCPs) for effective banking supervision af

A look at the evolution of Islamic compliant finance in the UK

13 Oct News Photo : UK Central Bank - The Bank of England

A look at the historical evolution of Islamic compliant finance in the UK

Bashar Al Natoor, Global Head of Islamic Finance at Fitch Rating looks at the historical evolution of Islamic

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Service Providers Directory

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 prominent in Islam

HSBC is a key player in the arranging of

Dubai Islamic Bank (DIB) was established

ADIB is a primary dealer for Internation

BSF offers Shariah compliant solutions t

RHB Bank offers Islamic Banking services

Emirates Islamic Bank offers a broad ran

Naveed is Founder of IslamicFinance.com

Turkiye Finans is a joint venture of the

An initiative for the development of the

The Sukuk Chart

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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.