IMF: Malaysia is world leader and standard-setter in Islamic finance

Outstanding Islamic Debt Securities Approching Conventional Debt Malaysia is a world leader and standard-setter in Islamic finance. In recent years, the government increased the use of Islamic debt instruments for funding purposes. In April 2016, the government issued its fifth dollar-denominated sovereign sukuk (Malaysia 2026, and Malaysia 2046) for US$1.5 billion using nonphysical assets as coll... »

29th April 2017
IMF: Islamic Banks Need to Improve on Financial Safety Net, Liquidity

Report by IMF highlights key challenges facing the Islamic Financial Industry. Islamic Banking (IB) has grown rapidly in value and geographical reach, and has become an important and integral part of the financial systems in many countries. Though IB accounts for less than 2 percent of global finance, IBs currently operate in more than 60 countries and the industry has become systemically importan... »

9th April 2017
UK Central Bank Launches Islamic Banking Liquidity Consultation

Central Bank Looking to Implement Fund Based Deposit Shari’ah compliant liquidity facilities Consultation paper looks at establishing a fund based deposit facility for UK Islamic Financial institutions. The work to develop a Shari’ah compliant facility commenced in the second half of 2015, and is part of the Bank’s more general approach to broadening market access to central bank liquidity facilit... »

9th April 2017
Islamic Finance at the London Stock Exchange

London is established as the leading western centre for Islamic finance and has been at forefront of key developments in Europe. »

23rd February 2017
SME Demand and Demographics Will Drive Industry Growth in Africa

Increasing the Potential of Islamic Finance in Africa CNBC Africa discussed the growth potential of Islamic Finance in Africa. Samira Mensah, Associate Director for Financial Institutions Ratings at Standard and Poor’s and Ameen Hassen, Head of Shari’ah Banking at Standard Bank participated in a discussion which highlighted the growth space for Islamic finance in Africa. Demand within ... »

6th November 2016
Malaysia at Cross Roads

Malaysian Islamic Finance at Cross Roads Following its recent Sukuk default, the IMDB corruption scandals continues to cast a dark shadow over the Malaysian financial sector with this week the United States moving to seize more than $1bn in assets, ranging from plush properties to a private jet, from people connected to Prime Minister Najib Razak. Against this backdrop, Islamic finance activity in... »

6th November 2016
Bank Negara Malaysia Launches E-market Platform

Bank Negara Malaysia today launched MarketplaceIF, a e-market platform where those seeking Islamic finance financial solutions and services are able to meet providers. »

6th November 2016
Dubai’s Islamic Economy Vision came together at a Remarkable GIES 2016

Nascent Industry Finds a Home in Dubai Alan Greenspan once described people to people contact as a key pillar to building commerce and creating economic activity. Taking the former Chairman of the Federal Reverse at his words, the gathering of individuals at the Global Islamic Economy Summit 2016 this week in Dubai would have done much to create the relationships and entrepreneurial spirit to take... »

15th October 2016
Sukuk Issuances Expected to Pick Up in 2017 to Meet Financing Needs

Sovereigns, Banks and Corporates in the Gulf will Boost Sukuk Sales in 2017 Sukuk issuances are expected to be flat at around $70 billion for 2016, but are expected to pick up in 2017 as issuers ranging from sovereigns, banks and corporates in the Gulf look to issue to meet their financing needs. $40bn of sukuk was issued in the first half of the year with the marketing slowing in the summer and t... »

7th October 2016
Growth in Takaful Sector Slows

Earnings of Islamic Insurers to Remain Weak Two recent reports from rating agencies highlighted the challenges facing the Takaful industry. S&P said in a report looking at the GCC region, earnings of Islamic insurers will remain relatively weak and unevenly distributed as their small size, short track records, and retail focus work against them. Most takaful players in the region are still rel... »

6th October 2016
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