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. »
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. »
IDB Group President pays tribute to more than four decades of achievements of the Coordination Group
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. »
Some principles of Islamic finance stem from prior Abrahamic traditions, whilst some historical Islamic finance instruments have been adopted into modern conventional products such as letters of credit and cheques. »
The Bloomberg Malaysia Sukuk Ex-MYR Total Return (BMSXMTR) index rebound another 0.20% to 102.4. »
Qatar Islamic Bank priced a highly successful USD 750 million 5-year RegS only Sukuk offering. The Sukuk was issued at par with a profit rate of 2.754%, representing a spread of 135bps over 5-year mid-swaps. »
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. »
