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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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press release
i-Connect Fintech in Islamic Finance: Establish a collaborative network and grant to spur innovation in Islamic fintech
i-Connect Fintech in Islamic Finance programme has been launched today to create and nurture a conducive innovation ecosystem and provide funds to support and foster innovation in Islamic Fintech in Malaysia. This will enable Malaysia to leverage on new economic opportunities in disruptive innovation and lay the foundations for Malaysia to be a global hub for Islamic Fintech.
16 Jul 2021
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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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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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Signing of the advisory services agreement between ICD and Orient Finans Bank, Uzbekistan
Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDBG), and Mr. Tokhir Djunaydullaev, Chairman of the Board of Orient Finans Bank, signed an Advisory Services Agreement in relation to launching of an Islamic Window at the Bank.
15 Jul 2021
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press release
MATRADE Taps On Synergy With Google Malaysia, Bank Islam to Accelerate SME Exports
The Malaysia External Trade Development Corporation (MATRADE) kicked-off its annual eNational Export Day (eNED@2021) today with the theme ‘Reignite Your Exports’. MATRADE formalised a landmark collaboration at eNED@2021 to partner with technology heavyweight, Google Malaysia, and prominent Islamic Finance player, Bank Islam Malaysia Berhad (Bank Islam), in reaffirming its mandate to promote Malaysia's enterprises to the world.
14 Jul 2021
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news
Exsim Capital issues RM323mil sukuk for residential development projects
Exsim Capital Resources Bhd, a wholly-owned subsidiary of Exsim Development Sdn Bhd (Exsim), has issued RM323 million Tranche 2 Sukuk Musharakah (Tranche 2 Sukuk) as part of its RM2.0 billion Islamic Medium Term Notes Program.
13 Jul 2021
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news
AirAsia proposes two-for-six rights issue of convertible Islamic debt securities to raise up to RM1.02b
AirAsia Group Bhd is making a cash call to its shareholders to raise up to RM1.02 billion to recapitalise the low-cost carrier that is hard hit by the Covid-19 pandemic, like its peers in the aviation industry.
13 Jul 2021
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