Global IF News
news
Indonesia’s Omnibus Law: Halal Certification to Impact Businesses
Indonesia issued a new Halal certification law, under Government Regulation 39 of 2021 (GR 39/2021) that will impact businesses in most industries. GR 39/2021 states that products that enter, circulate, and are traded in Indonesia must be Halal certified unless they are originating from materials prohibited under Islam (Haram).
13 Oct 2021
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press release
The IILM concludes reissuance of USD 1.2 billion short-term sukuk
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.
14 Sep 2021
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Tailoring Islamic finance for a sustainable future
Sustainable financing and Islamic finance are two of the fastest growing areas of the global financial market and given the close correlation of Shariah finance with environmental and social concerns there is huge potential for sustainable Islamic finance to grow at an equally rapid pace over coming decades.
10 Sep 2021
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news
Global sukuk issuance hits record $100bln in H1 2021- Refinitiv
Sukuk issuance gained momentum in the first half of 2021 as total issuance reached $100 billion compared to $88.7 billion in the same time last year. Total global sukuk issuance for 2021 is expected to hit a new record of around $180 billion, Global data provider Refinitiv said.
21 Jul 2021
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Principal launches Islamic global funds
Principal Asset Management has announced the Principal Islamic Global Selection Series, a range of three mixed-asset funds curated according to risk profiles – conservative, moderate and aggressive –that aim to provide long-term capital appreciation and income through Shariah-compliant investments in the global markets.
16 Jul 2021
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news
Global Sukuk Market Growth to Continue in 2021 and Beyond
Sukuk supply is expected to rise in the second half of 2021 after it showed strong growth during 2Q21, supported by strong investor appetite and issuers’ refinancing and funding diversification needs, Fitch Ratings says. Seasonal patterns will affect quarterly sukuk issuance which, following the summer break, is expected to pick up in the remainder of 2021 and beyond.
15 Jul 2021
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news
Sukuk Risk Profiles Could Be Altered by AAOIFI-Compliance Push
Recent innovations in and revisions to sukuk documentation to comply with the Accounting and Auditing Organization for Islamic Financial Institutions’ (AAOIFI) sharia standards may have implications for sukuk holders’ ranking, and sukuk rateability, as well as the issuers’ credit profiles, liquidity and ratings, Fitch Ratings says.
15 Jul 2021
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