Taking advantage of the situation emerging out of the economic crisis in Eurozone and countries like United States, India should adopt the Islamic Finance System to pump-in investments from the Middle East. This interest-free and more inclusive system …
AirAsia X Sdn Bhd will put off a US$200 million Islamic bond issue planned for March by at least 12 months after the airline abandoned routes from Kuala Lumpur to London, Paris, Mumbai and New Delhi.
AirAsia X announced Jan. 12 that it was cutting its …
Emirates Islamic Bank (EIB) has successfully ended the issuance of $500 million sukuk certificates, maturing in 2017 off their $1,000 million Trust Certificate Issuance Programme. The programme is guaranteed by Emirates NBD rated A3 by Moody’s and A+ b…
It seems that Brunei Darussalam possesses a conducive environment for a strong Islamic finance sector and has the potential to be an Islamic finance hub for the global market if it looks outwards.
Sheikh Faizal Manjoo states that it would have been a v…
There is currently a tremendous opportunity for Kuwait to profile itself as a hub for Islamic finance and Islamic banking, states Belgian academic and economist Professor Laurent Marliere.
He addes that Islamic finance itself is being challenged to red…
Prince Talal, chief of the Arab Gulf Program for Development (AGFUND), stated there was a possibility to design a credit delivery system to present banking services aiming the poor segment of Saudi society with a mission to uplift them. He added that h…
Takaful is coming out globally as a very viable model and being used successfully as engine of growth in a number of Muslim countries. The statement came from Chief Executive Officer Pak-Qatar Takaful, Pervaiz Ahmad while speaking at Lahore Chamber of …
According to HSBC Holdings Plc, sales of Islamic bonds may rise to US$44 billion this year as request outstrips supply and as Asian and Middle East investors tap the market complying with Islamic banking rulings. Companies and governments are tapping t…
The primary market recorded a year-on-year increase of 0.7 percent in December, despite the fact that it was a quiet month for issuances outside of Malaysia.
The largest issuance for the month was the third issuance of the year for Pakistan Domestic Su…
Infrastructure sukuk has received a major boost after Projek Lebuhraya Usahasama Berhad (PLUS Berhad) closed a record landmark RM30.6 billion sukuk issuance program including both government guaranteed (GG) and non-government guaranteed AAA-rated (AAA)…
