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IFN Thought Leadership Dialogues 2022

Latest News - Thursday, 19 May 2022

Daily Cover Story: UAE advisory firm grows mezzanine debt platform with latest Shariah compliant transaction

GLOBAL: Dubai-based Arzan Wealth, an advisory firm regulated by the Dubai Financial Services Authority, has advised on a Shariah compliant mezzanine lending transaction in the US, the second of its kind that the company has closed so far this year....

This Week’s Newsletter

Cover Story: UK Islamic pensions: The perennial problem

Pension funds play crucial roles in the investment landscape, but the Shariah compliant component is often woefully overlooked, especially in developed economies. The UK’s lack of a thriving Islamic pension alternative has been highlighted as...

Editor's Note

The issue with Uber and Islamic pension funds

Muslims make up the majority of Uber drivers in the UK and they are making themselves heard over the lack of Islamic pension options. In this issue, we take an in-depth look at this landmark...

Islamic Sustainable Finance and Investment

IFN Case Study

Abu Dhabi’s Jubail Island turns to Islamic finance

Jubail Island Investment Company (JIIC), the developer of the upcoming luxury project Jubail Island, which is expected to be an idyllic collection of villages located in Abu Dhabi designed to appeal to wellness and nature...

IFN Sovereign Securities

Sovereign Securities: Algeria mulls Sukuk issuance

Algeria could issue Sukuk while regular issuers from Turkey, Gambia and Malaysia sustained momentum. JEVITHA MUTHUSAMY rounds up Shariah sovereign securities developments over the week. Algeria Yazid Benmouhoub,...

IFN Country Analysis

Iran: Developing a fully Islamic financial market

Iran is the only country that runs a fully Shariah compliant financial system in an official capacity, and as such is regarded as a major player in the global Islamic finance and banking industry. NESSREEN...

IFN Sector Analysis

Trade finance: Global landscape’s performance bounces back

Despite the global COVID-19 pandemic which caused liquidity constraints, trade financing performance remained stable. JEVITHA MUTHUSAMY analyzes the latest developments in this sector. Overview Islamic trade finance provides Shariah compliant export and import financing tools...


IFN Monthly Review

April

April this year, which coincided with the holy month of Ramadan, saw a handful of landmark developments in different Islamic finance sectors, including the Sukuk and Takaful markets. The global Shariah finance industry has also...

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

    Differences between Sukuk Ijarah and other types of Sukuk — Part 5

    As promised in the last article, today I will explain how a genuine hybrid structure can be adopted to mitigate various risks for investors of Sukuk. When I say ‘genuine’, my reference is toward the synthetic Murabahah–Mudarabah structure I discussed in article 174 where Mudarabah is calculatingly made inert and full reliance is made on Murabahah for providing a periodic distribution amount (profit) to Sukukholders as well as to redeem them at the end of the Sukuk term. Why do some industry practitioners opt for such a superficial structure? The answer is to ward off criticism of excessively relying on...

IFN Correspondent Reports

  • Equity Capital Markets

    Global equities tumble further

    Secondary equity market The global equity markets witnessed a further fall in April 2022 amid volatility caused by the ongoing war in Ukraine, lockdowns in China, continued supply chain disruptions and faster interest rate rise expectations. Weak economic data also raised growth concerns, consequently denting investors’ sentiments further. Not even an ongoing earnings season can...

  • Indonesia

    Will the revival of local investors continue in 2022?

    One of the positive impacts of the COVID-19 pandemic for the Indonesian capital market is the rise of local investors, both in terms of ownership and transaction value. Over the past two years, Indonesian local investors have grown encouragingly, especially retail investors. One of the most significant impacts of the pandemic on society is the...

  • Education

    New horizons brought by COVID-19 to Islamic finance education

    March 2020 marked the first time we experienced a major if not total shift to online education and Islamic finance education was not an exception. In my previous reports, I have shared the results of a survey conducted among Islamic economics finance educators and students. Our findings show that almost 80% of educators were not...

  • CRDB Al-Barakah Banking takes industry by the horns

    In hardly six months since its market inauguration, CRDB Al-Barakah Banking, the Islamic window of CRDB Bank, has dished out more than TZS8 billion (US$3.44 million). The window has also seen deposits reaching TZS6 billion (US$2.58 million) from 8,000 customers. This is more than a gain of 1,000 customers a month. As anticipated, given its...

  • Nigeria

    Compendium of Shariah resolutions to strengthen reliance of the Nigerian market

    Recently, the Financial Regulation Advisory Council of Experts (FRACE) of the Central Bank of Nigeria issued a compendium of resolutions to foster the understanding of Shariah interpretations on products and services rendered by non-interest finance institutions (NIFIs). Through the release, FRACE provided clarity on Islamic finance contracts like Mudarabah, Wakalah, Istisnah and Qard, among others....


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