Islamic Finance

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

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INDUSTRY FACTS
The Ottoman Empire is believed to have first issued a sukuk in 1775, when it borrowed money against future income on tobacco customs levies.

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.
  • Dr. Bandar Hajjar, President of the islamic finance Development Bank highlighted the need for london with this world class financial sevices expertise to be at the heart of the "Islamic Finance Revolution"."
  • London To leverage its global marketplace to help realize the potential of Islamic finance.

The Islamic Investor

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 YorkMember of Certified Islamic Fund
Valero Energy CorporationNew YorkMember of Certified Islamic Fund
BroadcomNew YorkMember of Certified Islamic Fund
Delta Air Lines, Inc.New YorkMember of Certified Islamic Fund
Ross Stores, Inc.New YorkMember of Certified Islamic Fund
United Parcel Service, Inc.(UPS)New YorkMember of Certified Islamic Fund
Dentsply Sirona Inc.New YorkMember of Certified Islamic Fund
eBay Inc.New YorkMember of Certified Islamic Fund
CVS HealthNew YorkMember of Certified Islamic Fund
Novartis AGSIX Swiss ExchangeMember of Certified Islamic Fund
Johnson & JohnsonNew YorkMember of Certified Islamic Fund
EOG Resources IncNew YorkMember of Certified Islamic Fund
L Oreal SAParisMember of Certified Islamic Fund
Procter & GambleNew YorkMember of Certified Islamic Fund
SchlumbergerNew YorkMember of Certified Islamic Fund
ConocoPhillipsNew YorkMember of Certified Islamic Fund
Bristol Myer SquibbNew YorkMember of Certified Islamic Fund
Apple IncNew YorkMember of Certified Islamic Fund
MTN GroupJohannesburgMember of Certified Islamic Fund
Nestle SASIX Swiss ExchangeMember of Certified Islamic Fund
Sysmex CorpTokyoMember of Certified Islamic Fund
Samsung ElectronicsKorea SEMember of Certified Islamic Fund

Name: Samsung Electronics

Exchange: Korea SE

Country: South Korea

Currency: WON

Description: Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products.

Islamic Investment Compliance Source : Member of Certified Islamic Fund - Aberdeen Islamic SICAV

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: Equities Fund

Assets Under Management: $1.27 Billion

Domicile: United States of America

Inception Date: June 23, 1986

Management Fee: 1.13%

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

London Islamic Finance Centre Shines at Sukuk Summit 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

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

The Islamic Finance Week – Jakarta to Manchester 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

Islamic Development Bank aims for $2.5bn Mega Sukuk 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

Sukuk Issuance in Africa: A Prospect for Further Growth 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

Dubai-Islamic-Bank 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

EU Finance Ministers Blacklist UAE and Bahrain 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 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

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

Islamic facility agreement signed by ICD and Mizuho Bank 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

Why Canada is Welcoming the Industry with Open Arms 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 News Photo : World Bank

Sharia compliant for Development

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

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

Industry Must Seize on New Trends for Next Phase of Growth News Photo : Naz-Amir/CC/Flickr

Industry Must Seize on New Trends for Next Phase of Growth

Days of Double Digit Growth Are Gone In a speech at the Kuala Lumpur Islamic Finance Forum (KLIFF), Mr Encik

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

The Sukuk Chart

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.

The Islamic Bank Chart

Ranking of World Islamic Banks by Assets.

The Islamic Bank Chart is the leading industry resource ranking fully fledged Islamic Banks based on assets. Filter by country.

The Islamic Bank Chart is the leading industry resource ranking fully fledged Islamic Banks based on assets. Filter by country.

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