74,905 exclusive articles and counting...

ALIF MOLIYA LLC

Latest News - Saturday, 31 July 2021

Daily Cover Story: IFN Weekly Round-up: 24th – 30th July 2021

Two landmark Sukuk issuances were completed this week — a corporate Sukuk facility from Egypt’s private sector and a sustainability Sukuk paper from a Malaysian bank — while a new Islamic digital bank from the US has announced its intentions...

This Week’s Newsletter

Cover Story: Can cryptocurrency really be Halal?

Islam has rules, and currency is central to those rules. So what defines commodities — and are cryptocurrencies Halal or Haram? The world is changing … are we changing with it? LAUREN MCAUGHTRY asks. Islam...

Editor's Note

Crypto conundrum

This week’s cover story addresses a pertinent question that has ignited passionate discussions among Islamic finance enthusiasts: Can cryptocurrency really be Halal? We find out. It has been an exciting week for Islamic finance: a...


IFN Case Study

SME Bank’s Sukuk: Meeting demand for ethical products

Malaysia has added another feather to its Islamic sustainable finance cap as government-backed SME Bank made its sustainability Sukuk debut to overwhelming response, cementing the country’s global lead in the area. VINEETA TAN writes. Receiving...

IFN Sovereign Securities

Sovereign Securities: Brunei returns to Sukuk market

Brunei returned to the Sukuk market with four issuances while offerings from Malaysia and Gambia received strong demand from investors. JEVITHA MUTHUSAMY rounds up Shariah sovereign securities developments...

IFN Country Analysis

France: At a standstill

Brexit is expected to usher in various opportunities in Islamic finance to other European countries including France, where 5.72 million Muslims represent 8.8% of the population, according to Pew Research’s 2017 report. France is also...

IFN Sector Analysis

Pension: Record gains despite pandemic

Preliminary data for 2020 indicated that pension funds held over US$35 trillion in assets worldwide at the end of 2020, exceeding 2019 levels despite the COVID-19 pandemic, according to Pension Funds in Figures. JEVITHA MUTHUSAMY...


IFN Monthly Review

July

Despite a Sukuk default, the Sukuk market is brimming with positive developments including several dollar offerings from governments and corporates. June is also a month for Islamic digital banks, with new entities emerging in Saudi...

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.


IFN Reports

  • Sovereign Securities: Brunei returns to Sukuk market

    Brunei returned to the Sukuk market with four issuances while offerings from Malaysia and Gambia received strong demand from investors. JEVITHA MUTHUSAMY rounds up Shariah sovereign securities developments over the week. Indonesia The Indonesian government...

  • Fund Focus: Principal Islamic Global Selection Series

    Principal Asset Management has unveiled the Principal Islamic Global Selection Series which allows investors to tap into three mixed asset funds that have different portfolios catering to their specific appetite for risk. JEVITHA MUTHUSAMY has...

  • Palestine looks to Jordan’s fintech development to model banking sector’s digital transformation

    The Palestine Monetary Authority (PMA) has taken a step toward the digital transformation of Palestine’s banking sector by reviewing its neighbor Jordan’s financial technology development so far. NESSREEN TAMANO reports. Under the joint cooperation between...

  • Another company joins the Islamic venture finance bandwagon

    A US company has partnered with a Dubai firm to launch a US$100 million Islamic venture debt fund to tap into the lucrative burgeoning sector of tech start-ups in MENA. VINEETA TAN observes that this...

  • IFN Weekly Round-up: 17th – 23rd July 2021

    As the Muslim world celebrated Eid Al Adha, the Islamic finance industry welcomed notable developments including new leaders at major Islamic finance organizations including the IsDB; and industry stalwarts reaffirmed Islamic green commitments and formed...

IFN Features

  • Islamic syndicated financing is missing out on the run

    Syndicated financing is a tool where banks and other financial institutions use their balance sheets to fund a single borrower. It is needed when a bank or financial institution cannot meet the financing need of...

  • The challenge of Islamic compliance in Senegal

    Islamic compliance is one of the major issues that Islamic financial institutions in Senegal must take into account in carrying out their activities. Indeed, in the West African Monetary Union (WAMU)’s space, since the entry...

  • Differentiation strategy — is it the way forward for Takaful players?

    Takaful, being the Shariah compliant alternative for the conventional insurance business, is considered to be the disruptor of the insurance business in the predominantly Muslim-populated countries. However, in reality, Takaful operators still account only for...

  • Supporting affordable housing through issuance of social Sukuk

    The lack of affordable housing in any country is an indicator of weak national growth and development. Affordable housing is an issue in countries, including Hong Kong, Singapore and Japan. Nonetheless, the Malaysian government has...

  • Investing in gold the ethical way in the UK

    The COVID-19 pandemic has prompted something of a ‘social awakening’ for many and daily life being turned on its head overnight has forced people to reconsider how they live, work and invest. For many investors...

Back to Basics

  • A weekly educative column on Islamic banking and finance today

    Determination of the Wakalah profit and Wakeel’s incentive

    We are discussing the ingredients of the investment agency agreement and today I will explain the determination of the Wakalah profit and its treatment. As already covered earlier, the profit emanating in terms of an investment agency agreement solely belongs to the Muwakeel (principal) and the Wakeel (agent) does not have the right to claim a share of it. Nevertheless, Shariah principles allow the Muwakeel to include the Wakeel in sharing the Wakalah profit in the shape of a pre-agreed voluntary incentive based on a threshold, and not as the right of the Wakeel. What happens here is that the...

IFN Correspondent Reports

  • The Philippines

    Implementing the Financial Institutions Strategic Transfer Act

    Recently, Bangko Sentral ng Pilipinas (BSP) issued Circular No 1117 to implement the Financial Institutions Strategic Transfer (FIST) Act of the Philippines, in respect of financial institutions subject to BSP supervision, including Islamic banks and conventional banks with Islamic banking units. The FIST Act was enacted to “strengthen the financial sector so that economic recovery...

  • Malaysia

    Value-based Intermediation Takaful Framework: A new game changer

    According to the World Bank’s June 2021 Malaysia Economic Monitor report, the recent resurgence of the COVID-19 infections has impacted households, firms and the country’s overall economic recovery. To safeguard the people’s wellbeing, the World Bank proposed some pertinent reforms to address the rising risks, including deepening the social protection system and improving the coordination...

  • The UK

    UK: The next generation

    I had the pleasure last week of speaking to Year 12s (end of their first year of English A Levels or 16- to 17-year-olds) at King Solomon’s Academy (KSA) in London as part of an outreach program run by the Worship Company of International Bankers. The purpose of the program is to bridge the enormous...

  • Indonesia

    A new model of funding for SMEs in the Indonesian Islamic capital market

    In 2019, the Indonesia Stock Exchange launched an acceleration board for the listing of small, middle and start-up companies excluding SMEs that are not corporate. Therefore, the Financial Services Authority or Otoritas Jasa Keuangan (OJK) issued a new regulation regarding securities crowdfunding at the end of 2020. According to a World Bank report, SMEs play...

  • Liquidity Management

    Uncertainties rise while liquidity remains adequate

    The latest Federal Open Market Committee in June hinted that labor shortages and supply bottlenecks caused by further COVID-19 lockdowns will exacerbate inflation if left unresolved. However, market participants remained confident that economic recovery is broadly on track and that the medium-term inflation would be contained by the monetary policies in place. The Fed signaled...


IFN Special Reports

IFN FINTECH LANDSCAPE

IFN Supplements