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Meeting in Saudi Arabia seeks to boost food security via Islamic finance
Food security was the main topic during Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (Adfimi)’s 76th management committee meeting and 40th general assembly meeting in Jeddah, Saudi Arabia.
29 May 2023Read more
Cross-border corporate sukuk is set to increase from 2022 lows, says Moody's
Cross-border corporate sukuk issuance is set to rise significantly from 2022 lows, with companies in the Gulf Cooperation Council (GCC) countries and Malaysia (A3 stable) accounting for most of the issuance, according to a report from Moody's Investors Service.
25 May 2023Read more
IsDBI and Islamic Financial Services Board launch ‘Islamic Financial Services Industry Development Ten-Year Framework and Strategies’
The Islamic Development Bank Institute (IsDBI) has teamed up with the Islamic Financial Services Board (IFSB) to launch the report: ‘Islamic Financial Services Industry Development Ten-Year Framework and Strategies: A Final Review.’
18 May 2023Read more
Moody's expects Malaysia's strong Islamic finance growth to continue for next 12 to 18 months
Moody’s Investors Service (Moody’s) expects strong Islamic finance growth in Malaysia to continue over the next 12 to 18 months supported by more government initiatives and digital banking.
18 May 2023Read more
IsDB: Growing Demand for Halal Products Presents Investment Opportunities, Trade Potential
The Islamic Development Bank (IsDB) has highlighted the increasing demand for halal products and services, stating that this trend will create investment opportunities and promote the export and intra-trade of halal goods among member countries and Muslim communities. Datuk Amer Bukvic, the Ag. Director General Global Practices and Partnerships at Islamic Development Bank (IsDB), emphasized the significance of the halal industry during the IsDB annual meetings in Jeddah.
17 May 2023Read more
UAE’s Islamic Treasury Sukuk achieves bids worth $2.26bln and oversubscription of 7.6 times
The UAE, represented by the Ministry of Finance (MoF), the issuer, in collaboration with the Central Bank of the UAE (CBUAE), the issuing and paying agent, has announced the results of the first auction of the dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a benchmark auction size of AED1.1 billion, which is part of the T-Sukuk issuance programme for 2023.
16 May 2023Read more