This week is all about change. Our reports take a look at the imminent changes about to take place in the Moroccan participation finance market as well as the lack of change in the Ugandan landscape despite a new law facilitating Islamic banking; but it is our cover story which deals with perhaps one of the biggest changes in the UAE jurisdiction. In this issue, we pay very close attention to an Islamic banking stalwart and how the bank has changed in rankings and approach as it maneuvers a shifting ecosystem brought on by mergers and acquisitions.
The Islamic syndicated finance market, for better or for worse, has continued its downtrend as noted in this week’s sector analysis while in the country analysis, we see hope in Palestine’s growing Shariah banking sector despite the gloom and chaos brought on by the ongoing war.
One cannot discuss change in the finance industry without mentioning the huge impact of fintech – this week, we have Raja Al MAzrouei, the acting executive vice-president of FinTech Hive of DIFC, sharing her thoughts on the transformation of the market and how Islamic financial institutions cannot stand to not care to compete; we also have contributions from RHB Islamic Bank on judgment sum treatment in Malaysian Islamic banking; Senegal by Global Islamic Finance & Transactions Consulting Group as well as the potential for Shariah syndicated finance in Bangladesh by Prime Bank.
As usual, we wish our readers an informative and insightful read.