The Malaysian Central Bank successfully auctioned MYR1.5 Billion of Murabahah based Investments achieving 175 orders totalling MYR 3.66 Billion. A profit rate of 4.786% was achieved for the 20 years tenor issuance which matures in 2035. »

The IDB side event will discuss how the Islamic financial industry can be leveraged to boost financial inclusion for the realization of SDGs. It will also discuss the contribution of financial institutions such as the Alliance for Financial Inclusion (AFI), and identify the opportunities presented by Islamic finance in enhancing financial inclusion and narrowing inequality. »

Total finances approved by the Group has amounted to US $235 billion in H1 2015, 60 percent of which has gone to support public and private sector investments including infrastructures for energy, transport, communications and social services. »

Addressing the opening ceremony, the IDB Group President, Dr. Ahmad Mohamed Ali extended appreciation to the Turkish Presidency for having included on G20’s agenda the development of SMEs via Islamic finance. He further highlighted the significance being placed by policy makers across the globe on the pivotal role of SMEs through Islamic finance in enhancing economic growth and alleviating poverty... »

Despite the lowering commodity prices, tightening global financial conditions and possible higher interest rates, OIC Member States will maintain economic growth next two years. Thus, it is expected that OIC Member States average economic growth rate will accelerate in 2016 and 2017 with 5.1 and 5.8 percent, respectively. »

Ethical, equitable, social and sustainable investments are all synonymous to both Sharia compliant finance industry and SRI, where investors take into account the social returns and society. »

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. »

The Lord Mayor of the City of London, Alderman Alan Yarrow during a trip to Nigeria urged the country to consider all sources of finance as a means for attracting investment funds. In particular the Lord Mayor was keen to highlight the City of London role as a leading centre for Islamic finance and stated Islamic finance can provide substantial investment for Nigeria. He added Islamic financing wa... »

The increased participation of non-Muslim jurisdictions also reflects the positive acceptance of Islamic finance among the global community. Sukuk has drawn strong interests as an attractive source of funding and a new asset class. »

As the Islamic financial industry continues to evolve and experience growth, it is also gaining sophistication in its appeal to demanding investors. As a prime example, Shariah-compliant Private Equity/Venture Capital (PE/VC) is an ideal model for Islamic finance as it represents the participatory modes of financing imbued with risk sharing concept. There is a very close relationship between conve... »