73,197 exclusive articles and counting...

Redmoney Consulting

Latest News - Thursday, 22 April 2021

Daily Cover Story: Malaysia anchors Islamic finance leadership with upsized debut sovereign sustainability Sukuk

MALAYSIA: The Malaysian government has upsized its debut sovereign sustainably Sukuk — also the world's first — from its initial target size of US$1 billion to US$1.3 billion following strong demand confirmed by an oversubscription of 6.4 times. The US...

This Week’s Newsletter

Cover Story: Islamic edtech: A new way of learning

The pandemic of the past year has changed all our lives, and many of its repercussions have been challenging, to say the least. But there are some areas in which the pressures of COVID-19 have...

Editor's Note

Reflect, rethink, revamp

Dear readers, Ramadan is a time for reflection, introspection and improvement, and these are perhaps heightened during such trying times. The COVID-19 pandemic has upended our lives — economically, socially and emotionally. When we take...


IFN Case Study

Rawabi Holding Company’s Sukuk: Propping up the Saudi industrial sector

Rawabi Holding Company (RHC), a service provider focusing on Saudi Arabia’s major industries — the oilfield and industrial sectors — among others, has raised SAR500 million (US$133.13 million) in a Sukuk issuance completed in March...

IFN Sovereign Securities

Sovereign Securities: Turkey makes gold offering; announces new issuance

The Turkish Treasury taps the gold sector and plans an upcoming issuance while regular offerings keep up momentum. JEVITHA MUTHUSAMY rounds up Shariah sovereign securities developments over the...

IFN Country Analysis

Bangladesh: A strong push for Islamic banking and finance

The past year has been a busy one for Bangladesh’s Islamic banking and finance industry, as it sees greater demand for Islamic financial products and stronger governmental support. NESSREEN TAMANO writes an overview of the...

IFN Sector Analysis

Asset Management – Institutional: Heightened volatility

The impact of the COVID-19 pandemic on global equities meant that many sovereign funds have had to reassess their previous strategies. JEVITHA MUTHUSAMY takes a look at the statistics and developments in this asset class....


IFN Monthly Review

April

Along with the much-awaited sovereign Sukuk paper from the UK being completed, a slew of other landmark issuances were announced, including the Maldives’s debut Sukuk, setting the tone for the next few months in 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

  • Apex Takaful seizes opportunity in Takaful market of Uzbekistan

    In the last few years, Uzbekistan has witnessed the emergence of ‘sprouts’ of Islamic finance. All these are private initiatives that emerge in the absence of enabling legislation. Instead of simply waiting, businesses take the...

  • Tawarruq risk exposure in Islamic banks in Malaysia

    Islamic banking products in Malaysia have evolved and developed exponentially into more sophisticated structures. Most of the products are dominated by a few concepts, notably Tawarruq, commonly known as commodity Murabahah. Based on Bank Negara...

  • The role of regional banks in advancing the Islamic banking industry in Indonesia

    Indonesia’s Islamic finance industry has grown very well in the past three years. The main driver of growth of the industry has been the increase in Islamic banking assets. From 2018 to 2020, total financing...

  • Islamic taxation

    As per Islamic beliefs, Islam is a complete code of life that provides guidance for every aspect of human life. Islamic teachings and directions in the financial/economic area are based on a basic rule that...

  • Islamic finance in Australia: Emerging stronger from COVID-19

    Australia’s management of the COVID-19 pandemic has resulted in its economy performing better and recovering faster than many other established global economies. Its economic output declined 2.5% in 2020, which was smaller than the 10%...


Back to Basics

  • A weekly educative column on Islamic banking and finance today

    Death, insanity or winding-up of principal or agent

    As humans or natural persons we are mortal. There is always a possibility (or rather certainty) that the principal or the agent, or both, may die in the middle of the validity of an agency contract. Another possibility is that either may lose the perfect capacity. By perfect capacity, Shariah means that both contracting natural persons are above 15 years of age and possess sound mind. You may refer to article 31 should you need to comprehend the definition in detail. As per English law, perfect capacity is attained at the age of 18 (revised down from 21 in 1969)...

IFN Correspondent Reports

  • Education

    A holistic view of Malaysia’s contributions to Islamic finance literature

    There are over 8,000 documents that have been published in the field of Islamic finance as per the Scopus database only. Malaysia has the most outstanding research output in Islamic finance, with 2,870 documents, followed by Indonesia (1,203), the US (935), the UK (844) and Saudi Arabia (509). The bibliographical data was gathered on the...

  • Brazil

    Discussion on Islamic finance regulations brewing in Brazil

    Halal products’ contribution to trade was around US$4 trillion in 2019 and this figure is expected to reach US$6 trillion in 2024. Even though Brazil is the largest Halal protein exporter in the world, and an important commercial partner to Arab countries, it does not have a comprehensive legal framework to help develop and strengthen...

  • The Philippines  

    Insurance coverage for Islamic banks in the Philippines

    The Philippine Deposit Insurance Corporation (PDIC), the insurer of deposit liabilities of conventional banks, is mandated by the Islamic Banking Law (Republic Act No 11439) to “extend financial assistance to an Islamic bank determined by the Monetary Board [of the Bangko Sentral ng Pilipinas (BSP)] to be in danger of closing in order to prevent...

  • Qatar

    Qatar: A resilient banking sector

    QIIB has been presented with the Payment Card Industry Data Security Standard (PCI-DSS) Certification from SISA Company for the sixth consecutive year. The PCI-DSS is a high certification in information security and protection of customer information, and it is a testament to QIIB’s investment in data protection and cybersecurity technology, and its efforts in training...

  • Halal Industry

    Global Halal supply chain

    The demand for Halal products has increased tremendously across the world, both from Muslim and non-Muslim countries. There are about 1.9 billion Muslims, and their estimated total consumption stood at US$2.02 trillion in 2019 and is projected to grow to US$3.2 trillion by 2024 across the Halal food, Halal lifestyle and pharmaceutical sectors while the...


IFN Special Reports

  • The advantage of Islamic finance for SMEs

    The economic contributions made by SMEs to improve a country’s welfare are supported by the government. Nowadays, SMEs represent 96% of registered companies and approximately 50% of GDP and 65% of employment worldwide, therefore SMEs...

  • Insights on Islamic finance during Ramadan

    In the holy month of Ramadan, Muslims worldwide observe a time for dawn-to-sunset fasting, prayer, reflection and community. Typically, it is a quieter period as they spend time with family and loved ones. However, Islamic...

  • Global Islamic indices advance in Q1 2021, but lag conventional counterparts

    Global equities continued to rise during the first quarter (Q1) of 2021, gaining 2.5% as measured by the S&P Global BMI. Shariah compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market...

  • Private sector Sukuk and innovative financing in Bangladesh

    Sukuk or Shariah compliant bonds did not have a presence in Bangladesh until December 2020, when Bangladesh Bank on behalf of the government issued the first Sukuk of BDT80 billion (US$926.66 million) to support the...

  • Oman responding to economic challenges

    Oman continues to address the impact of the economic challenges arising from the significant fall in oil prices and the COVID-19 pandemic through the initiation of a wide variety of economic measures. While the efficacy...

IFN FINTECH LANDSCAPE

IFN Supplements