Global IF News
The IILM reissues USD 1.2 billion short-term Ṣukūk
The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 1.2 billion short-term “A-1” rated Ṣukūk across three different tenors of one, three, and six-month respectively.
15 Mar 2022Read more
Empower halal cosmetics sector
Malaysia is under the spotlight from the perspective of the halal pharmaceutical market. Pharmaceuticals account for about one-third of all halal-certified products worldwide. The global halal pharmaceutical market is currently worth US$300 billion.
15 Mar 2022Read more
Global Islamic funds market grows 300% in decade - report
The global Islamic funds market has grown by more than 300% over the last decade to nearly reach $200 billion in assets under management, the Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) said on Wednesday.
28 Jan 2022Read more
Pakistan raises $1 bln, offers highest-ever rate for a sukuk of 7.95%
Pakistan has raised $1 billion with a 7-year sukuk, offering an interest rate of 7.95%, the highest return the South Asian nation has ever paid on an Islamic bond, a finance ministry official said on Tuesday.
26 Jan 2022Read more
Global Islamic sukuk grew by 36.1% in 2021, reaching $252.3 bln: Fitch Ratings
The total Islamic bonds (sukuk) issued in 2021 worldwide grew significantly by 36.1 percent Y-o-Y to reach $252.3 billion, with central banks, governments, and multilateral institutions dominating sukuk issuances, Fitch Ratings said on Tuesday.
12 Jan 2022Read more
Refinitiv releases findings of 2021 Islamic Finance Development Indicator
Islamic finance industry is projected to reach $4.94 trillion in 2025 according to the Islamic Finance Development Indicator (IFDI) 2021 released today by Refinitiv, a London Stock Exchange Group (LSEG) business.
18 Nov 2021Read more
ESG Sukuk: A Next Step in the Evolution of the Global Sukuk Market
In recent years, the relevance and growth of environmental, social and governance (ESG) principles in investments has captured the attention of the global business community. With Shari'ah-compliant investing also continuing to grow, there are significant synergies between principles of Shari'ah and ESG principles. The markets have witnessed the development of innovative Shari'ah-compliant financing structures that align with ESG principles. In 2018, Indonesia became the first country in the world to issue a sovereign green Sukuk and, more recently, in March 2021, the Islamic Development Bank issued its $2.5 billion sustainability Sukuk.
18 Oct 2021Read more