Dr. Ahmad Mohamed Ali stated that the IDB Group plans to reach 44 million people with improved basic social services, create 1 million jobs, and increase the share of Islamic finance globally, among a wide array of other tangible targets, by 2025, organizational and operational effectiveness within the IDB Group has to be enhanced further. »

The Ivory Coast is to become the latest state to issue a Sovereign Sukuk as it today launched its debut five year 150 billion CFA issuance sukuk priced at a profit rate of 5.75%. »

Authored by Dmitry Savelyev, the Duma Committee Deputy Chairman on Financial Markets, the bill seeks to separate and recognise sale and lease arrangements. Current legislation whilst not prohibiting two agreements (lease and sale) does not recognize these transactions as a leasing therefore "accelerated depreciation" (provided by the Tax Code) is not applicable to such products and as a result doe... »

Mauritania’s efforts to modernize and improve the stability of the banking system have increased financial intermediation and the number of foreign banks. The government is also taking steps to expand Islamic finance. »

Growing potential in Asia’s economies supports expansion of Islamic financial services. The region’s efforts towards greater integration, including financial integration, provide solid growth foundations for a strong Sharia compliant financial industry. »

The President of the Islamic Development Bank (IDB) Group, Dr. Ahmad Mohamed Ali has called on experts in Islamic finance to take advantage of existing technologies and business approaches like mobile banking to develop smart Islamic microfinance. Such efforts, according to Dr. Ali, could help the Islamic finance industry to be a leader in the global economy, and stay ahead of the competition. »

Kuveyt Türk, the Turkish participation bank has issued a Turkish Lira denominated Sukuk for TL150m. The 90 days issuance with a maturity of 90 days received demand of around TL200 million from a book building exercise which stated on September 15 to qualified investors. »

In an interview with Bloomberg TV Malaysia at the World Islamic Economic Forum, Climate Bonds Initiative CEO Sean Kidney explained why developing a green bond market is to Malaysia's advantage, especially given its focus on infrastructure and energy projects. »

The Islamic Development Bank’s ‘Aaa’ Long-term issuer rating was reaffirmed with a “Stable Outlook” by Moody’s. »

With its in-built principles that support financial stability, inclusiveness and economic development, Islamic Banking and Finance lends itself well to catalysing and promoting real economic. Key Islamic financial segments such as Islamic banking and capital markets continued to support economic growth across the globe by providing Shariah-compliant modes of funding and financing. »