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ISFI Events 2023

Latest News - Friday, 27 January 2023

Daily Cover Story: Labuan IBFC aims to issue Shariah compliant security tokens in 2023

MALAYSIA: The Labuan International Business and Financial Centre (Labuan IBFC), a special economic zone in Malaysia's Labuan, plans to issue Shariah compliant digital security tokens this year, through its newly launched Islamic Digital Asset Centre (IDAC). Shahruladeri Mohamad Adnan, an...

This Week’s Newsletter

Cover Story: IFN Best Banks Poll 2022 – Country: National champions take center stage

Following the announcement of the IFN Best Banks Poll 2022 – Global on the 10th January 2023, we are pleased to bring you the results of the second part of the prestigious poll: the IFN...

Editor's Note

National bank champions

Continuing from the success of the IFN Best Banks Poll 2022 – Global, we are delighted to reveal the winners of the IFN Best Banks Poll 2022 – Country. This round of winners are more...

IFN Case Study

IILM’s Sukuk: First issuance of 2023 oversubscribed

The International Islamic Liquidity Management Corporation (IILM) has completed its first Sukuk auction of the year: a series of three Islamic papers worth an aggregate amount of US$780 million. NESSREEN TAMANO reports. "We are pleased...

IFN Sovereign Securities

Sovereign Securities: Indonesia looks to raise IDR14 trillion (US$922.69 million)

Indonesia plans to raise up to IDR14 trillion (US$922.69 million), while other usual sovereign securities issuers maintain their regular issuances. EMIR ZAINUL rounds up notable Shariah sovereign securities...

IFN Country Analysis

Senegal: Reviving the Sukuk market

Senegal has a Muslim population of around 96%, which, paired with a relatively peaceful political environment and a competitive banking system, makes the West African nation’s Islamic finance industry full of potential. NESSREEN TAMANO writes...

IFN Sector Analysis

Syndicated financing – Volume driven by the GCC

Islamic syndicated financing has played a key role in the growth of Islamic finance globally, and there is a bigger role for it to play in the future in supporting green and ESG financing. While...

IFN Financial Innovation Report 2022

IFN Monthly Review

December

The global Islamic finance and banking industry closed 2022 on a high note, with notable Sukuk issuances from Nigeria, Tanzania and the UAE. Algeria is looking into launching a regulatory framework governing its Sukuk market, while the central banks of England and Bangladesh supported the...

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

    SDGs: Part 2

    The 17 SDGs initially emerged from the United Nations Development Programme (UNDP) conference on sustainable development in Brazil in 2012 and were finally approved and adopted in 2015 at the UN General Assembly by all 193 countries present at the time. The goals replaced the eight MDGs or Millennium Development Goals, which were launched by the UNDP in 2000 with the commitment from world leaders to fight poverty, hunger, disease, illiteracy, environmental degradation and discrimination against women in all parts of the world. The debate is on whether the MDGs were a failure or part success but an analysis I...

IFN Correspondent Reports

  • Russia

    Russia breaks obstacles for speedy development of Islamic finance

    The absence of friendly Islamic finance legislation and lack of specialists in Islamic finance are the main “obstacles on the legs of Islamic finance development” in Russia. In the first month of 2023, Russia has proven its desire to break these obstacles and accelerate the development of Islamic finance by providing official name as participating...

  • Risk Management

    Growth outlook for Islamic derivatives

    Since the inception of Islamic banking, Islamic banks have consistently faced a heap of challenges in the financial industry as a whole where the most recent one being to mitigate market and liquidity risk. This is mainly due to the lack of effective tools available to manage market and liquidity risk. Fitch Ratings in a...

  • Bangladesh  

    Bangladesh Bank’s new liquidity support instrument for Shariah-based banks

    Bangladesh Bank (BB) has introduced a short-term funding instrument named 'Islami Banks Liquidity Facility’ (IBLF) for channeling funds into the Shariah-based banking system in Bangladesh. It will ease liquidity management and deepen the financial system for the banks. As per the circular, Shariah-based banks maintaining current accounts with BB are eligible for availing of the...

  • Takaful & re-Takaful (Africa)

    Sustainable finance trends in Takaful undertakings

    The concept of Takaful undertakings is based on sustainable finance in order to maintain the environment social risk and climate risks. Takaful encourages the full utilization of the virtues inherent in human beings to invest and manage the risks associated with the transition risks and climate risks. Sustainable finance in Takaful undertakings is broadly defined...

  • Bosnia & Herzegovina

    The Sarajevo Stock Exchange–Bosna Bank International Islamic Stock Index

    Bosna Bank International (BBI) is the only representative of Islamic economics, banking and finance (IEBF) operations in Bosnia and Herzegovina (B&H), a secular country enmeshed in a plethora of complex geopolitical events, yet maintains focus and awareness that the future expects its potential unfolding. The bank is an actionable force of such a future and...


IFN Special Reports

  • Ghana’s long journey to Islamic finance

    Islamic finance today has become a global growth phenomenon that no region or country can afford to ignore. According to the State of the Global Islamic Economy Report 2020/21, an annual industry report produced by...

  • Infaq’s role in revitalizing disaster management in Indonesia

    Zakat and Infaq are alternative solutions in alleviating poverty. In Indonesia, Infaq has been used in solving social problems related to education and poverty (Daroini, Ikhawan & Saputro, 2020; Ulya & Al-Azizah, 2021). Infaq means...

  • State Bank of Pakistan to continue with monetary tightening

    Although there is a strict prohibition against charging interest, a significant number of Islamic banks still rely on interest-based benchmarks like the Karachi Interbank Offered Rate (KIBOR) or the London Interbank Offered Rate as a...

  • Harnessing blockchain to grow the Halal market

    The Halal industry is not only of religious significance, seeing as there are over two billion Muslims globally, but also of economic and trade importance (‘A sustainable Blockchain framework for the Halal food supply chain:...

  • The potential of Islamic banking in the socioeconomic scenario

    The west is going through a change. By the west I mean the Americas, Europe and we should include Australia. There is so much change that it is unsettling. But that should not deter us...

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