Ambrose, Author at's Posts

Room for Growth in Indonesian Domestic Corporate Sukuk Issuance

Room for Growth in Indonesian Domestic Corporate Sukuk Issuance

Second Largest Sukuk Market Indonesia has ample room for growth, as the second-largest sukuk market in the world in 2016, Fitch Ratings says in a new report on Indonesian domestic corporate sukuk issuance. Indonesia’s domestic corporate sukuk market continues to lag far behind that of Malaysia, the largest sukuk market in the world. In the report, Fitch provides an overview of Indonesian dom... »

Italian SME’s access to Islamic Financing Discussed at IDB Meeting

Italian SME’s access to Islamic Financing Discussed at IDB Meeting

Meeting Discusses Socio Economic Development, Combating Poverty and Illegal Immigration Dr. Bandar Mohammad Hajjar, Chairman of the Islamic Development Bank Group, discussed with Ms. Elisabetta Martini, the Italian Consul-General in Jeddah, at IDB headquarters in Jeddah means of enhancing cooperation between IDBG and Italy in the areas of socioeconomic development, combating poverty, illegal immig... »

Islamic Finance in Africa: Impetus for Growth

Islamic Finance in Africa: Impetus for Growth

Report by Malaysia International Islamic Financial Centre Islamic Finance in Africa: Impetus for Growth Many market development and regulatory efforts have taken place in the African region in recent years as there is a clear set of potentials for Islamic finance to play a role in African countries to diversify their sources of funding. As the world’s largest untapped growth market for Islamic eco... »

From Financing to Empowerment – Islamic Finance as an Enabler in Eradicating Poverty

From Financing to Empowerment – Islamic Finance as an Enabler in Eradicating Poverty

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... »

IFSB view on Islamic Crowdfunding

IFSB view on Islamic Crowdfunding

Fintech and Islamic Crowdfunding The Islamic Financial Services Board (IFSB) in its annual Islamic financial services industry stability report highlighted developments in the Islamic Finance Fintech space, in particular the Sharī’ah compatibility and application to Islamic finance, financial inclusion and regulatory issues. Many of the Sharīʻah questions raised in the following are not based on c... »

IMF Highlights Islamic Finance Instrument Development in UAE

IMF Highlights Islamic Finance Instrument Development in UAE

IMF Highlights Islamic Finance Instrument Development in UAE The IMF has highlighted the development of Islamic finance instruments in the UAE, stating the UAE is a major hub for Sukuk issuances. During 2001–15, $53.8 billion or 36 percent of all global sukuk issuances originated in the UAE. Report highlights are presented below. UAE Banking System Challenges The UAE has come a long way in the dev... »

Dana Gas Sukuk is Toxic for UAE Islamic Finance

Dana Gas Sukuk is Toxic for UAE Islamic Finance

“Using Shariah non-compliance as a rationale for restructuring” The actions of Dana Gas can derail UAE and Dubai’s Islamic Finance ambitions as investors question credibility of UAE based Sharia compliance assurances. UAE based Dana Gas made a surprise announcement on 13 June, stating “due to the evolution and continual development of Islamic financial instruments and their interpretation, the Com... »

IFSB “Another Year of Slowdown in Global Islamic Finance”

IFSB “Another Year of Slowdown in Global Islamic Finance”

Despite slowdown, in USD terms size of market little changed The Islamic Financial Services Board (IFSB) in its annual Islamic financial services industry stability report highlighted continued slowdown of the global Islamic Financial Services Industry (IFSI). Despite this, the global IFSI has been able to sustain its total assets value at approximately USD1.9 trillion in 2016. 2016 – Anothe... »

Minaret Sunset

Islamic Finance Principles

Key Principles of Islamic Finance Islamic Finance is a fast growing financial services sector within which transactions are required to be compliant with Shari’a – a body of jurisprudence derived from the Qur’an and secondary sources known as the ‘Hadith’. Key characteristics include finance based on trade transactions in order to remove the basis of making money from money, often interprete... »

Africa’s Growing Islamic Finance Footprint

Africa’s Growing Islamic Finance Footprint

Africa’s Growing Islamic Finance Footprint The use of Sukuk to fund Africa’s infrastructure needs as well as expanding Islamic Banking windows signal continued growth of African Islamic finance CIBAFI Discusses Islamic Financed African Infrastructure Funding Abdulilah Belatiq of the Bahrain based General Council for Islamic Banks and Financial Institutions (CIBAFI) discussed CIBAFI’s initiatives i... »

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