KUALA LUMPUR (Nov 7): BIMB Holdings Bhd said it has issued the first tranche of its Sukuk Murabahah programme to raise RM300 million. In a statement to Bursa Malaysia today,...
The modern variant of Islamic banking and finance as we now know, has been around for more than three decades, closing in on 40 years. There is no doubting that...
The decision of Egypt’s newly appointed Finance Minister Mohamed Maait to issue the first-ever international sukuk in the country’s next fiscal year – at a so far unspecified volume, but...
Today, UNHCR, the United Nations Refugee Agency, faces an unprecedented challenge. At a time when the world is struggling with refugee crises on an unprecedented scale, the agency, which for...
Nasdaq Dubai is planning to further expand the user base of its Islamic finance offering after exceeding $100 billion mark in transactions dealt on the Murabaha platform. “Customers of Sharia-compliant and...
Islamic banks face new competition such as the introduction of risky derivatives into their markets. An ‘identity buffer’ makes them more likely to diverge from traditional Islamic codes, says a...
KUALA LUMPUR (Nov 1): Tenaga Nasional Bhd (TNB), via its wholly-owned subsidiary TNB Global Ventures Capital Bhd, has issued Islamic bonds (sukuk) worth US$750 million (RM3.13 billion) under its US$2.5...
Qatari Islamic banks have consistently enjoyed the lowest cost-to-income ratios throughout the 2017-18 analysis period, the Islamic Financial Services Board (IFSB) has said in a report. With consistent record-low non-performing...
Among the global wave of innovations in financial technology, a growing number of companies are looking to modernize Islamic finance. Against that backdrop, Malaysia has emerged as the world’s top...
The world of Sharia-compliant finance has its own lexicon, which can make reading financial news tough going if you aren’t up to speed. Sukuk is a term that often comes...
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