News & Update
Submit Press ReleaseEmirate of Sharjah sells $1 billion sukuk - official
The government of Sharjah, the third-largest constituent of the United Arab Emirates, has raised $1 billion through a 10-year sukuk, the emirate’s biggest transaction in debt capital markets, a government...
Islamic bonds face 'uncertain and muted' 2018 amid central bank tightening and geopolitics
An trader plays with prayer beads as he watches a computer screen displaying financial data at the Dubai Financial Market (DFM) in Dubai, United Arab Emirates. After a strong year...
IIFM and BAFT to create MRPA for Islamic Trade Finance
DUBAI, U.A.E. — BAFT (Bankers Association for Finance & Trade), an international financial services association, and IIFM (International Islamic Financial Market), an Islamic financial services standard-setting body, announced a memorandum...
Venture capital in Islamic finance: A crucial concept
Analysts agree on the notion that Islamic venture capital has become an important tool for economic development in developing regions of the world, quite a few of which are Muslim...
London has potential to lead in Islamic finance, says IDB President
London has a huge opportunity to lead in Islamic finance and in the sukuk market, the president of the Islamic Development Bank said. “We have a real opportunity to recognise...
Press Release: IWBF 2018 Successfully Aligns Waqf Development and Blockchain Technology
Kuala Lumpur, 1st March 2018 – The International Waqf and Blockchain Forum (IWBF) concluded a successful discussion that saw the revival of what was once the hallmark of Muslim charitable...
Press Releases: Bank Negara Malaysia issues policy document for digital currencies
Bank Negara Malaysia (“the Bank”) has today issued the Anti-Money Laundering and Counter Financing of Terrorism Policy for Digital Currencies (Sector 6) which has taken into account feedback received during...
Press Release: Ansar Financial and Development Corporation Declares Dividend
PRESS RELEASE (PR) Ansar Financial and Development Corporation Declares Dividend Toronto February 12, 2018 Ansar Financial and Development Corporation (“AFDC”) announced today that its board of directors has authorized a...
Develop Formal Governance Framework For Waqf - Sultan Nazrin
KUALA LUMPUR, Feb 22 (Bernama) -- The institution of waqf needs to develop its own formal governance framework in order to strengthen governance within waqf infrastructure and develop a broader...
Retakaful sector remains embattled playground for Islamic finance
Islamic reinsurance, or retakaful, is faced with a challenging environment in a highly competitive reinsurance market, a new report issued by US-based business intelligence and insurance rating firm A.M. Best...
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