S&P 500 Shariah 5,595.72 ▼ −36.44 (0.65%)
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FTSE Shariah All World 3,892.92
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−13.59 (0.35%)
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IFN Monthly Review: June – Strengthening the Islamic banking sector
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A planned Islamic megabank in Turkiye, the development of a digital bank in the UK, the establishment of a new Islamic fund in Kenya, a new Islamic banking unit and Sukuk plans in Kazakhstan, and the introduction of a digital currency in Iran are among the most significant events in the global Islamic financial industry this past month.
Read more...
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Siew Suet Ming
Deputy CEO and chief rating officer at RAM Ratings
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A planned Islamic megabank in Turkiye, the development of a digital bank in the UK, the establishment of a new Islamic fund in Kenya, a new Islamic banking unit and Sukuk plans in Kazakhstan, and the introduction of a digital currency in Iran are among the most significant events in the global Islamic financial industry this past month.
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AEON Credit Service, a non-bank financial services provider in Malaysia, successfully concluded the fourth issuance under its Islamic commercial paper (ICP) program...
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Could the only country in the GCC without a net zero goal be the first to issue green Sukuk? VINEETA TAN wonders.
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Moody’s considers Sharjah’s (Ba1 stable) credit strength to be supported by its high per-capita income, diversified economy, and benefits associated with its membership of the United Arab Emirates (UAE, Aa2 stable) federation. Key credit challenges are a low...
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Credit conditions for insurers in the Gulf Cooperation Council (GCC) countries remain volatile. Robust economic growth as GCC governments invest to...
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The Eurasian Development Bank (EDB) plans to step into Central Asia’s Islamic finance sector with its decision to launch its Islamic banking window by 2025, the Deputy Chairman of the EDB Board, Ruslan Dalenov, announced at its annual meeting on the 27th June 2024 in Almaty, Kazakhstan.
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IFN Investor Middle East Forum 2024
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