#Islamic finance

Global Islamic finance assets expected to reach $3.69 trillion in 2024

The Islamic banking sector grew 14 per cent in 2019, equating to $1.99 trillion in global assets

Dubai’s Emirates Islamic closes $500m sukuk issuance

Bank ABC, Citigroup, Dubai Islamic Bank, Emirates NBD Capital, and HSBC, among others acted as joint lead managers and bookrunners for the transaction

State of the global Islamic economy: Eyeing new frontiers

With Muslim consumers across the world seeking out faith-based products and services, the Islamic economy is seeing robust growth among all its different verticals

Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai

The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets

Dubai Islamic Bank lists $1bn sukuk on Nasdaq Dubai

The sukuk was nearly 4.5 times subscribed with a profit rate of 2.95 per cent per annum

Aramco backs New York fintech firm offering Islamic investments

Wahed Invest got the financing from Saudi Aramco Entrepreneurship Ventures unit as part of a $25m funding round

IMF Launches Consultations On Islamic Finance

The nine-member external advisory group includes industry bodies such as the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions.

Islamic Banks Rebrand In An Attempt To Go Mainstream

Aiming for growth in new territories and demographic groups, Islamic banks look to drop the “Islamic” from their moniker.

Islamic Finance Body Plans Scholar Accreditation

A Malaysia-based association of Islamic scholars is planning to develop a global code of ethics to improve standards in the industry.