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IFN Investor

Latest News - Wednesday, 01 May 2024

Daily Cover Story: IFN Monthly Review: April — Regulatory support for Islamic finance

Uganda takes on Islamic banking with the launch of its first-ever fully-fledged Islamic bank, Oman’s newly established Financial Services Authority issued a legislation to encourage innovative Sukuk products and Canada announced it will be looking into easing its Muslim community’s...

This Week’s Newsletter

Cover Story: Islamic investments: No need to reinvent the wheel

Investment managers are chasing the Halal premium, but the road is riddled with hurdles. Islamic investors from across some of the most exciting Islamic financial markets share their assessment of the Shariah opportunity. VINEETA TAN...

Editor's Note

Investor insight

The inaugural IFN Investor Middle East Forum gathered some of the leading Islamic investment managers from across the globe in Dubai. The discussions were fervent, engaging and illuminating. In this first series of the coverage,...

IFN Case Study

Golden Global Yatirim Bankasi’s Sukuk: Debut international issuance

Turkish fully-fledged Islamic investment bank Golden Global Yatirim Bankasi launched its inaugural international Sukuk issuance: a EUR30 million (US$32.08 million) facility under its recently established US$200 million Sukuk program. NESSREEN TAMANO has the exclusive. "In...

IFN Sovereign Securities

Sovereign Securities: Pakistan auctions Sukuk

This week, the Pakistani government auctioned its Sukuk Ijarah while regular issuers Malaysia, Bangladesh, The Gambia and Indonesia tapped the Sukuk market. HANIF NAMORA brings you updates from...

Moody's Ratings

IFN Country Analysis

Egypt: Supporting the Sukuk market

The past three years saw a surge in activity in the Egyptian Sukuk market, with the Republic welcoming the first Islamic issuance from its private sector and later launching its inaugural sovereign Sukuk facility, which...

IFN Sector Analysis

Cross-border financing: Steady momentum

Islamic cross-border financing is on the rise as businesses become more globalized and borders become more fluid. VINEETA TAN provides an overview of the sector. Overview Cross-border financing involves sourcing funds from outside the home...

IFN Monthly Review

March

Issuers in the GCC continue with the Sukuk trend, with notable launches from Abu Dhabi’s sovereign wealth fund and two Islamic banks in Saudi Arabia. In Tanzania, the capital market welcomed a landmark Sukuk issuance from the country’s education sector, while in Australia, the bank...

IFN Awards

IFN Awards

The Islamic Finance news Awards honor the best in the Islamic financial industry and are one of the most prestigious awards highly recognized by the global Islamic capital markets. These awards continue to be an apt representation of the current Islamic financial market landscape.


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Back to Basics

  • A weekly educative column on Islamic banking and finance today

    Schools of thought: Madhhab — Part 2

    Going through Islamic history, I find it highly mysterious the often-tragic end of so many scholars, starting from the very beginning of Islam in the shape of As-Hab Al Suffa who were taken by the people pretending to be new Muslims to the two faraway places outside Medina with the permission of Prophet Muhammad on the pretext of learning Quran and Islamic teachings from them but were brutally killed as it turned out to be a trap. Such a massive loss of so many lives from As-Hab Al Suffa exposed the new Islamic society to a potential knowledge vacuum as...

IFN Lawyers

IFN Correspondent Reports

  • Malaysia

    Key highlights from Securities Commission Malaysia’s 2023 annual report on the Islamic capital market

    The Securities Commission Malaysia (SC) recently released its 2023 annual report last month, giving insights into the performance of and initiatives taken in the capital market. Some of the highlights on the Islamic capital market (ICM) include: Sustained and stable growth of the ICM, remains significant in the overall capital market The ICM grew 4.5%...

  • Structured Finance  

    Embedded finance cursor toward Islamic finance

    Nature never forgets its genes’ programming and reverts to it in essence and practice. It is like an intelligent material that regains its original shape. Anything that sticks to its core lives longer, and is durable and sustainable. Business and economics are not an exception. Not just of old times but even the financial management...

  • Risk Management  

    Risk management to be more vigilant on the rise of geopolitical risk

    Since October 2023, the current geopolitical situation in the Middle East has been escalating to a greater extent with the recent action from Iran which is almost nearing toward a regional war. The Bank of England in its recent outlook highlighted that risk outlook conditions remain challenging. It is important to note that 43% of...

  • Kazakhstan

    High demand for Takaful in Kazakhstan

    Since Kazakhstan obtained its independence in 1991, Kazakhstan has witnessed only one attempt to establish Islamic insurance on its soil. In 2010, the first Takaful operator had been established in the form of a mutual insurance society named MIS Akniet, which was later renamed MIS Takaful. At the time, MIS Takaful offered various Takaful products,...

  • Canada  

    Shariah compliant fund to meet ethical investment needs of investors

    Mackenzie Investments has expanded its portfolio offerings with the introduction of the Mackenzie Shariah Global Equity Fund, a new investment vehicle designed to comply with Islamic financial principles. This fund specifically caters to investors seeking to align their investments with their religious and ethical beliefs. The fund is rigorously certified and regularly reviewed by Ratings...

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