Emirates Airline sukuk was priced lower at 2.471% as compared to Noor Bank 2.788%. »
It was interesting to observe Middle East buyers taking up only 2% of the 30 year sovereign Sukuk issued by Malaysia (the 10 year issuance allocation consisted of 24% Middle East buyers). »
The second quarter may offer new Sukuk issuances as tensions rise in Middle East. Malaysia this week kicked off roadshows whilst a preliminary A- rating by S&P was assigned. »
The United Kingdom and Hong Kong push ahead with Islamic Finance ambitions. »
A new report presents an overview of Technology and Innovation in within the Islamic Finance segment of Islamic Banking. »
Recent market updates within the Islamic Finance Sukuk sector as the market displayed signs of increased activity. »
The La Riba Bank account started in Kenya in 2006 to provide Islamic Finance and Banking services for Kenya’s 8 million Muslims who represent 25% of the population. »
Work will commence in the second half of 2015 to assess the feasibility of establishing a Shari’ah compliant facility for purposes of liquidity management. »
Often overlooked within Islamic finance is the establishment of national interest free banking systems in Iran and Sudan as well as in Pakistan. »
The global Islamic fund sector amassed USD75.8bln in assets under management (AuM) as of 17 September 2014, with 1,161 active funds. The market is led by Saudi Arabia and Malaysia, which together hold 65% of Shariah-compliant AuM. European jurisdictions continue to attract fund managers with Islamic offerings. In Asia, a substantial more funds are emerging from Indonesia and Pakistan. Islamic fund... »
