UK Islamic Economy Report 2018: Geared for Growth
The Islamic economy in the UK is heading towards rapid growth and prevalent recognition that is drawing significant attention to Islamic economy opportunities in the…
Islamic economy
IFSB goes French
The Islamic Financial Services Board has released French versions of two IFSB standards on Shari’ah governance systems (IFSB-10) and Revised Guidance on Key Elements in…
UEM Sunrise Islamic commercial paper
MARC has affirmed its ratings of MARC-1IS/AA-IS on UEM Sunrise’s two Islamic Commercial Papers and Islamic Medium-Term Notes programmes (ICP/IMTN-1 and ICP/IMTN-2). The outlook on…
Saudi Arabia ‘A-/A-2’ ratings affirmed
S&P has affirmed its 'A-/A-2' unsolicited long- and short-term foreign and local currency sovereign credit ratings on Saudi Arabia. The outlook is stable. The agency…
Islamic trade finance developments from IIFM
IIFM and the Bankers Association for Finance & Trade, an international financial services association have signed a memorandum of understanding jointly to create a master…
DIB lists $1bn Sukuk on Nasdaq Dubai
Dubai Islamic Bank has listed a $1 billion Sukuk on Nasdaq Dubai, the first benchmark dollar-denominated Sukuk from a GCC issuer in 2018. The bank…
National Bank of Fujairah joins Nasdaq Dubai Murabaha platform
National Bank of Fujairah has joined Nasdaq Dubai’s Islamic financing Murabaha platform, which offers unique advantages to financial institutions and clients seeking Shari’ah compliant solutions…
Value Added Tax and Islamic finance
Value-Added Tax (VAT) is a new concept to the GCC region which could prove to be a significant test for the countries to achieve economic…
IIFM in Surabaya
The International Islamic Financial Market (IIFM) and Bank Indonesia successfully organised a specialised session on Islamic finance as part of the fourth annual Indonesia Shari’ah…
Improved Islamic banking performance according to new report
The Islamic Financial Services Board has published country-level data on financial soundness and growth of the Islamic banking systems for Q4 of 2016 and Q1…