MIFC newsletter brings you global developments, news and reports on Islamic finance. For this edition, MIFC team has produced interesting infographic on Bai' al-Sarf, a contract related to currency exchange.
For more information on Bai' al-Sarf, please download the infographic.
As at end-June 2019, global sukuk issuance had reached USD72.7 bil - exceeding the lower range of RAM Ratings’ full-year projection of USD70 bil-USD80 bil for 2019. As such, RAM has revised its full-year expectation to US80 bil–USD90 bil.
Islamic banking will grow substantially in Commonwealth of Independent States (CIS) in the next five years from a low base, driven by government initiatives to boost the sector, Moody’s Investors Service
The International Islamic Financial Market (IIFM) expects to finalise “Sukuk Al Ijarah” standard suite of documentation later this year. IIFM intends to also develop Sukuk Al Ijarah standard documentation covering securitisation market.
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