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IFN Investor

Latest News - Wednesday, 24 April 2024

Daily Cover Story: PODCAST: Takaful Oman plans to roll out new products in one or two years, CEO says

Takaful Oman, one of only two fully-fledged Islamic insurers in the Sultanate, has plans to expand its offerings within the next couple of years, CEO Neelmani Bhardwaj tells NESSREEN TAMANO. The company aims to introduce high-end property, casualty, liability and...

This Week’s Newsletter

Cover Story: COP28: All talk and no action?

Celebrating Earth Day earlier this week has prompted us to examine measures taken post-28th Conference of the Parties of the United Nations Climate Change Conference (COP28). Did policymakers and multilaterals draw castles in the sky...

Editor's Note

Pushing the green agenda

22nd April is one for the books, for climate activists. It is Earth Day, a global event which has pushed for a number of monumental environmental actions. Earth Day eight years ago was when the...

IFN Case Study

Olam Agri’s financing: Diversifying funding sources

Singapore-headquartered agri-business Olam Agri tapped the Islamic finance market for the first time. NESSREEN TAMANO has the story. The company secured an Islamic financing facility, opening up access to a new source of funds for...

IFN Sovereign Securities

Sovereign Securities: Pakistan to auction Sukuk

This week, the Pakistani government announced its upcoming Sukuk auctions while the Saudi government opened the third round of its Sah savings Sukuk. Regular issuers Malaysia, The Gambia,...

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IFN Country Analysis

Nigeria: A good year for Islamic finance

The Nigerian Islamic finance and banking industry, also known as the non-interest finance sector, has, in the past few years, seen an increase in activity, public demand and support from the government, evidenced by new...

IFN Sector Analysis

Liquidity management: Massive room for improvement

Islamic banks still struggle to manage their short-term liquidity in most markets. VINEETA TAN provides an overview of the landscape. Overview While the rest of the banking industry have access to a diverse set of...

IFN Monthly Review


The past month saw a spate of Sukuk issuances come out of the GCC, notably a landmark facility from the UAE’s real estate and property sector, Saudi Arabia’s first savings Sukuk issuance and the first perpetual Sukuk in the region. The Islamic asset management sector...

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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...

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IFN Correspondent Reports

  • Qatar  

    Promising results

    QNB Financial Services (QNBFS) reported that the Qatar banking sector deposits increased 1.4% to QAR1,028.6 billion (US$278.03 billion) in February 2024. The growth in deposits results from a 2.2% increase in the public sector and a 1.1% increase in the private sector. It was reported that the public sector was supported mainly by government and...

  • Education    

    Challenges and reflection on Islamic finance education

    I extend my gratitude to IFN for affording me this esteemed opportunity. The allocation of a dedicated correspondent section represents a privilege, allowing me a platform to articulate my perspectives on the subject of Islamic finance education. With over two decades of experience in academia, my reflections herein are imbued with the insights garnered along...

  • Bangladesh  

    Navigating liquidity challenges: Islamic banking sector sees deposit surge in Bangladesh

    In a significant stride forward, Bangladesh's Islamic banking sector has demonstrated remarkable growth, marked by a substantial 8.16% increase in deposits, reaching BDT443,403 crore (US$38.87 billion) by December 2023, according to the latest Bangladesh Bank quarterly report. This surge in deposits underscores the resilience and potential of the Islamic banking industry in Bangladesh. However, despite...

  • The Maldives

    Eyecare Sukuk raises MVR26.07 million (US$1.68 million) for Hulhumale’ eye center development

    EyeCare’s parallel Sukuk Istisna facility has achieved significant success, raising 86% of its target amount, reaching MVR26.07 million (US$1.68 million). This Sukuk facility, priced at MVR1,000 (US$64.4) per unit, aims to support the development of an eye center with a parking facility at Hulhumale'. The issuance, classified as a debt offering, attracted considerable interest from...

  • The Philippines    

    Halal Expo Philippines

    The Department of Trade and Industry (DTI) will hold Halal Expo Philippines in November 2024 at the World Trade Center Metro Manila, in line with the DTI’s strategic advancement of the Halal industry in the Philippines. This is expected to generate up to PHP230 billion (US$4.05 billion) in investments and 120,000 jobs in the Philippines...

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