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Leveraging Islamic Finance to Develop a Sustainable Capital Market

Latest News - Saturday, 27 November 2021

Daily Cover Story: IFN weekly market round-up: 20th – 26th November 2021

It’s been a week of exciting developments including new corporate Sukuk offerings, indication of Pakistan tapping the dollar Sukuk market, Saudi regulator approving a Takaful merger, Tanzania welcoming an Islamic banking window and new Islamic funds out of Indonesia and...

This Week’s Newsletter

Cover Story: The Halal economy picks up speed

Halal Week at the delayed World Expo 2020 in Dubai last week saw promising commitments from a wide range of stakeholders, as Islamic finance players scramble to position themselves as leaders in the rapidly growing...

Editor's Note

Halal highlights at World Expo

Billions of dollars’ worth of deals have been signed at the ongoing Expo 2020 in Dubai across numerous sectors, and the Halal industry is one beneficiary. In this week’s cover, we take a look at...

IFN Case Study

Emirates Islamic’s Sukuk: A successful return

Emirates Islamic made a successful return to the international Islamic capital market with its US$500 million Sukuk, issued under the bank’s existing US$2.5 billion certificate issuance program. NESSREEN TAMANO reports. The Islamic paper, which is...

IFN Sovereign Securities

Sovereign Securities: Regular issuers make their mark

Regular issuers from Malaysia, Gambia, Kuwait and Bangladesh sustain their momentum. JEVITHA MUTHUSAMY rounds up Shariah sovereign securities developments over the week. Bangladesh Bangladesh Bank on the 11th...

IFN Country Analysis

China and Hong Kong: Turning to Islamic finance

Between China’s Belt and Road Initiative (BRI) facilitating projects with Islamic financial jurisdictions and Hong Kong’s ambitions of becoming a global financial hub compelling it to tap the Islamic financial market, there is great potential...

IFN Sector Analysis

Exchange-traded funds: The fastest-growing asset class?

Having hit the conventional space about 10 years ago, the exchange-traded fund (ETF) shockwave has swiftly reached the Islamic finance industry. MARC ROUSSOT provides an overview of this rapidly expanding asset class. Overview Nascent in...

IFN Monthly Review


October witnessed major fintech activities, notable regulatory developments, new Islamic fund launches and banking initiatives. IFN reviews the biggest Islamic finance headlines this past month. Sukuk New Sukuk hit market Several major Islamic finance institutions...

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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IFN Features

Back to Basics

  • A weekly educative column on Islamic banking and finance today

    Contents of the Sukuk prospectus

    We are discussing Sukuk and I am on offering circular. I would rather call it a ‘prospectus’ based on the reasoning provided by me in the last article that it is not an ‘offer’ to the investors but an ‘invitation’ to them to make an offer. Since the offer actually comes from the potential investors to the originator of Sukuk who has the discretion whether or not to accept it, the name ‘offering circular’ does not really fit this important document. So, I will refer it as the ‘prospectus’. Similarly, I hope you agree with the justification provided by me...

IFN Correspondent Reports

  • Halal Industry

    Essential issues to develop Halal industry

    In the midst of the COVID-19 pandemic, there has been a change in people's preferences and acceptance of digital platforms. Digitalization has been contributing to the increase of people’s literacy and awareness on the importance of consuming Halal products. The demand for Halal industrial products has been growing like never before, whether in Muslim or...

  • Oman

    Islamic finance disputes

    Under the court system in Oman, as provided for by RD No 90/1999, the Primary Commercial Court is the only body in Oman with primary jurisdiction in relation to commercial disputes (whether they relate to Islamic finance issues or otherwise). Judgments of the Primary Commercial Court are appealable to the Appellate Court (Commercial Circuit) and...

  • Russia

    Moscow Exchange begins trading of Shariah compliant products

    On the 18th November 2021, the Halal Investments Exchange Mutual Investment Fund under the management of Sber Asset Management began trading on the Moscow Exchange. The trading code is SBHI. This fund follows the Moscow Exchange Total Return Islamic Investment Index, which includes shares of Russian public companies that comply with international standards and rules...

  • Malaysia

    Islamic social finance: A catalyst in driving sustainability

    Islamic social finance (ISF) is quickly gaining ground, breaking traditional fundraising avenues in Malaysia subsequent to the launch of Bank Negara Malaysia’s Value-based Intermediation (VBI) and Securities Commission Malaysia’s Sustainable Responsible Investment (SRI) Roadmap in 2017 and 2019 respectively. The health, economic and social crises caused by COVID-19 underlined the need to incorporate the social...

  • Financial Offshore Centers

    ESG a key focus for Sukuk issuers and funds domiciled in offshore centers

    Environmental, social and governance (ESG) factors are becoming more important in the investment decisions of several businesses, and becoming a key focus of investors. It comes as no surprise then that we have seen the prominence of ESG criteria in recent Sukuk issuances and fund launches using reputable offshore centers. In September 2021, Kuveyt Turk...

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