NEWS in BRIEF
Bank Negara Malaysia Establishes Joint Committee on Climate Change for Building Climate Risk Resilience Within the Malaysia Financial Sector Kuala Lumpur - Bank Negara Malaysia (BNM), the central bank, has…
Egypt Introduces Comprehensive Unified Insurance/Takaful Law as Takaful Growth Tops Conventional Insurance Sector
Following Morocco’s approval of a Law in August 2019 to facilitate the introduction of Takaful products in the Kingdom’s growing insurance market, Egypt is the latest country to introduce a…
UNICEF and Islamic Development Bank Launch First Global Muslim Philanthropy Fund for Children
Jeddah – UNICEF and the Islamic Development Bank (IsDB) launched an innovative fund in September 2019 that promises to open new opportunities for Muslim philanthropy to reach the millions of…
Saudi DMO Maintains Domestic Sovereign Sukuk Issuance Momentum with Ninth Consecutive Offering as 2019 Offerings to Date Reach US$15 billion, including another 30-Year Tranche
The Debt Management Office (DMO) of the Saudi Ministry of Finance continued its proactive on-going monthly domestic sovereign Sukuk issuance in September 2019 with a three-tranche riyal-denominated offering totaling SR8.834…
Crown Commercial Service Sends Out RFP for Proposed Second UK Sterling-denominated Sovereign Sukuk
Deal or no Deal, Brexit or No Brexit, the UK’s Islamic finance proposition continues to consolidate as the country seeks to forge new trading, investment and financial partnerships. The issuance…
Global Islamic Finance Industry Consolidates its Embracing of Digitisation and FinTech Solutions
The global Islamic finance sector, together with the wider financial services industry in the OIC countries, continues to embrace ESG and FinTech, some of the initiatives being particularly innovative, across…
Dubai’s Emaar Properties Returns to Sukuk Market After Absence of Three Years with Hybrid $500m Benchmark Issuance
Dubai-based international property developer, Emaar Properties, returned to the Sukuk market after a hiatus of three years to successfully closed its latest offering, a US$500 million benchmark Sukuk issuance in…