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IFN Annual Guide 2022

Latest News - Saturday, 29 January 2022

Daily Cover Story: IFN Weekly Round-up: 22nd – 28th January 2022

Malaysia’s central bank this week launched the country’s latest financial sector blueprint, which features a strategic thrust focused on Islamic finance. In the global Islamic banking sector, we see new leadership in some of the biggest Shariah banks including Abu...

This Week’s Newsletter

Cover Story: IFN Overall Deal of the Year 2021 announced

As we leave 2021 behind, two or three big issues are affecting the market. One is the widening implementation of AAOIFI Shariah Standard 59. Some of the rating agencies feel that this will affect the...

Editor's Note

Top deal of 2021

Last week, we revealed the five deals shortlisted for the prestigious IFN Overall Deal of the Year and today, we are delighted to announce the winner! The competition was close and every finalist deserves that...

IFN Case Study

Al Rajhi Bank’s Sukuk: Record demand

Islamic banking giant Al Rajhi Bank debuted in the Islamic capital market with the issuance of a Saudi riyal-denominated Tier 1 Sukuk paper worth SAR6.5 billion (US$1.73 billion), the first of its kind in the...

IFN Sovereign Securities

Sovereign Securities: Pakistan finally issues dollar Sukuk; Egypt receives greenlight to issue sovereign Sukuk

Regular issuers from Indonesia, Bangladesh, Gambia and Malaysia continue to keep up momentum. JEVITHA MUTHUSAMY rounds up Shariah sovereign securities developments over the week. Indonesia The Indonesian government...

IFN Country Analysis

Senegal: Growing demand for Islamic finance

With the Muslim population making up around 96% of its total, Senegal remains an attractive investment destination particularly for Islamic investors. The West African nation also has a relatively peaceful political environment and a competitive...

IFN Sector Analysis

Syndicated financing: Growth continues on upward trajectory

Amid the COVID-19 pandemic, the Islamic syndicated financing market saw a number of deals executed in 2021. JEVITHA MUTHUSAMY takes a look at the global Islamic syndicated financing market over the past 12 months. Overview...


IFN Monthly Review

January

The year 2022 seems to be off to a good start as 2021 wraps up on a strong note, preparing the new year for a flurry of new activities and developments. IFN reviews key highlights...

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


IFN Features


Back to Basics

  • A weekly educative column on Islamic banking and finance today

    Sukuk default scenario

    Having explained the issuance and normal running of a Sukuk transaction, I would now like to channel the discussion on what happens when a Sukuk transaction experiences a default situation, and could such a situation be redressed without the need for the Sukuk transaction to be wound up? While doing so, I will try as much as possible to avoid using the technical jargon for the sake of easy understanding. As a standard practice, the Sukuk documentation contains a list of probable default situations so as to safeguard investors’ interest on one hand and to keep the obligor disciplined and...

IFN Correspondent Reports

  • Russia

    Central Bank of Russia opens market for new participants

    The main financial regulator in Russia — the Central Bank of the Russian Federation or also known as the Bank of Russia — has changed the legal environment to provide equal business conditions to all financial companies including fintech institutions and payment agents, the areas where Shariah compliant companies can develop their activities and increase...

  • BNM issues exposure draft on climate risk management

    The Islamic banking and finance industry in Malaysia began its journey in 1983 to become one of the most progressive and innovative in terms of providing Islamic banking services and products. The development of human capital is seen as vital for Malaysia’s Islamic financial system to remain competitive and produce more innovative Islamic financial products....

  • Malaysia

    Retail Sukuk in Malaysia: The market’s next growth catalyst?

    Malaysia has long dominated the global Sukuk market. As at the end of September 2021, it remained at the forefront of the global Sukuk market with issuance totaling US$51.02 billion, which represents 40.1% of total market share (Figure 1). Malaysia’s Sukuk market, although deep and mature, was accessible only to institutional investors and high-net-worth individuals...

  • UK

    New product launches herald the start of 2022

    2022 started with unusually positive news for new product developments. Maybe 2022 will be more positive in terms of these developments than 2021. Nester’s launch in late December last year signals a key step forward in offering alternative savings products to Islamic investors. Following closely on the heels of the HMRC [Her Majesty's Revenue and...

  • Qatar

    More of the same

    With the start of a new fiscal year, Qatar's banking sector is looking to continue demonstrating resilience and growth to build upon the foundations that were set in 2021 to deal with the COVID-19 pandemic. Throughout the uncertainties related to the long-term impact of the pandemic on various business segments in which the Qatari institutions...


IFN Special Reports

IFN FINTECH LANDSCAPE

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