Global IF News
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Sukuk issuances will surge this year, driving post-COVID-19 recovery - DIEDC CEO
As countries begin undertaking economic recovery programs, the GCC region is likely to see an increase in issuances of sukuk, or Islamic bonds, according to Abdulla Mohammed Al Awar, Chief Executive Officer at Dubai Islamic Economy Development Centre (DIEDC).
19 Feb 2021
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IsDB and THIQAH Sign Agency Agreement to Promote Investment and Trade in Member Countries
To underscore the importance of the role of the private sector in sustainable development, job creation and promotion of investment and trade amongst Member Countries of the Islamic Development Bank (IsDB) Group, an Agency Agreement has been signed between IsDB and the Islamic Corporation for the Development of the Private Sector (ICD) to benefit from the IsDB Group Business Forum – THIQAH.
16 Feb 2021
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IsDB and ICD Sign Agency Agreement to Implement R2 COVID Support Line of Finance
President of Islamic Development Bank (IsDB) Dr. Bandar Hajjar, and CEO of the Islamic Corporation for the Development of the Private Sector (ICD), Mr. Ayman Sejiny, have put their signatures to an Agency Agreement for the implementation of IsDB Group’s R2 COVID Support Package, which will assist IsDB Group Member Countries to restore their economies and recover from the negative impacts resulting from the ongoing COVID-19 pandemic.
16 Feb 2021
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Malaysian Fintech Global Sadaqah Raises RM450,000 in Shariah-Compliant Crowdfunding
Malaysia-based fintech startup Global Sadaqah has raised RM450,000 via an issuance on recently-regulated Shariah-compliant equity crowdfunding platform Ethis Malaysia. Open for 72-hours, the flash-fundraising campaign surpassed the minimum target of RM200,000, attracting investors from 10 countries including strategic angel investors.
04 Feb 2021
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Government of Pakistan to launch Sukuk
The government has decided to place 750 acres of the F-9 Park Islamabad as a guarantee for launching the Islamic-denominated Ijara Sukuk bond at domestic and international markets to fetch $500 million to $1 billion for building up reserves and providing budgetary support.
25 Jan 2021
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Takaful Malaysia's Successful Response to the Pandemic
The COVID-19 pandemic came as a shock to the world, forcing thousands of companies to change the way they operate amidst the lockdowns and quarantine. Syarikat Takaful Malaysia Keluarga Berhad has been one of the leading Takaful Insurance operators in Malaysia for 30 years.
15 Jan 2021
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2020 Sukuk Supply Resilient with Momentum to Continue into 2021
Global sukuk supply is expected to accelerate in 2021 following a resilient 2020 as issuers seek to refinance maturing debt and fund large budget needs, Fitch Ratings says. The easing of GCC investment restrictions following the normalisation of relations between Qatar and its neighbours will also contribute to higher volumes.
13 Jan 2021
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Global Sukuk Issuance Is Set To Increase In 2021
Market conditions should remain buoyant throughout 2021, with record-low interest rates and abundant liquidity. S&P Global Ratings forecasts total sukuk issuance of about $140 billion–$155 billion this year, thanks to a recovery in issuance in Malaysia, Indonesia, and the Gulf Cooperation Council (GCC) countries. This compares with a drop in issuance to $139.8 billion in 2020 from $167.3 billion a year earlier.
13 Jan 2021
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