One of the disadvantages of the Shariah concept is that it limits the investment horizon for a fund manager due to restrictions against investing in certain sectors considered morally deficient under Islamic religion, thus posing a challenge to produce…
It appears that a small window of opportunity has arised for Malaysia to spread its Islamic finance wings internationally.
Global University of Islamic Finance (Inceif) president and chief executive Daud Vicary Abdullah second that, adding that Malaysi…
It seems that the Islamic capital market will maintain its growth momentum over the next decade. Its next phase of growth will be differentiated primarily by greater internationalization, which will help address some of the challenges faced by the indu…
The Equator Principles Association has started assembling its second major revision to the eponymous guidelines for managing environmental and social risks in project finance.
The association held its largest annual meeting last month, with almost 100 …
The American University of Beirut (AUB) held a seminar on the evening of October 31, 2011 to initiate the Rami Fouad Makhzoumi Chair in Corporate Governance in the Olayan School of Business.
The Rami Fouad Makhzoumi Chair was awarded by Fouad Makhzoumi…
Standard & Poor’s Ratings Services assigned its ‚A‘ issue rating to the proposed sukuk trust certificates to be launched late November, subject to investor demand, by ADCB Islamic Finance (Cayman) Limited, a special purpose company (SPC) of Abu Dha…
ADIB Sukuk Company Ltd. announced that an updated base prospectus relating to its U.S.$ 5,000,000,000 Trust Certificate Issuance Programme (the „Base Prospectus“) has been approved by the UK Listing Authority and will shortly be available for viewing o…
Fitch Ratings has assigned Asya Katilim Bankasi A.S.’s (Asya) forthcoming sukuk issue a ‚B+(exp)‘ expected rating, the expected rating being in line with Asya’s Long-term foreign currency Issuer Default Rating (IDR).
According to the draft prospectus, …
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and Kolon Corporation signed a memorandum of understanding (MoU) for jointly establishing Islamic leasing (ijar…
Experts stated that corporate governance reform efforts by Middle East firms should start at board level. Regional and international speakers focused on director independence and responsibilities, as well as board diversity.
Nasser Saidi, chief economi…
