The reports provides a summary of the main events in the market in 2014 covering Islamic Banking, Islamic Asset Management, Sukuk and Takaful. »

Beyond the headline growth numbers, the industry has experienced transformative changes, which supports the overarching goal of Islamic finance as a more inclusive and equitable financial system. »

Turkish Deputy Prime Minister Ali Babacan speaking at the Participation Banks Association of Turkey in Istanbul, said Turkey, Indonesia and the Islamic Development Bank have accelerated their efforts to establish a “megabank” with the aim of creating a platform to serve as a “central bank” for the world’s Islamic lenders. »

Khazanah is looking to sell a tranche of "feel-good" Islamic bonds, as it capitalizes on the demand for Shariah-compliant financial products. »

The Bloomberg Sukuk Market Return Index (BMSSUTR) inched up 0.06% W-o-W (vs. -0.08% in week prior) to 119.90, bringing YTD returns to 1.44%. »

A report released by the MIFC presents an overview of the Sukuk market during the first quarter of 2015. »

A comparison of fixed deposit rates offered in UK Pounds (GBP Sterling) by UK based Islamic Banks, and Conventional Banks shows the Islamic Banks offering better rates. Al Rayan Bank (formerly known as Islamic Bank of Britain) is offering an industry best profit rate of 1.90% for a one year fixed deposit, whilst the conventional arm of HSBC is offering a lowly 1.00%. Al Rayan Bank and HSBC both en... »

Sukuk issuances in April 2015 declined in terms of both value and number; by value decreased 84% y-o-y to USD0.7bn. »

Gatehouse, a UK based investment bank operating in accordance with Sharia principles, announced the completion of terms for financing of a real estate deal. »

The Bloomberg Sukuk Market Return Index (BMSSUTR) fell by 0.09% W-o-W (vs. +0.17% in week prior) to 120.06, bringing YTD returns to 1.58% (vs. 1.67% in week prior). »