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Happy Awal Muharram
MIFC newsletter brings you global developments, news and reports on Islamic finance. For this edition, MIFC team has produced interesting infographic on Bai' al-Sarf, a contract related to currency exchange. 

For more information on Bai' al-Sarf, please download the infographic.

Thank you,
The MIFC Team

Bai` al-Sarf (Currency Exchange)
View Infographic

Islamic finance is alive and kicking in Malaysia, says BNM Governor

Malaysia’s Islamic banking industry is not phasing out of the limelight but is very much alive and kicking, gaining maturity and poised for further growth.
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Moody's sees global sukuk issuance rising to USD130 billion

Moody's Investors Service expects total sukuk issuance of around USD130bil in 2019, at the top end of the USD120bil to USD130bil range it projected at the beginning of the year.
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RAM Ratings revises upwards projected global sukuk issuance for 2019

As at end-June 2019, global sukuk issuance had reached USD72.7 bil - exceeding the lower range of RAM Ratings’ full-year projection of USD70 bil-USD80 bil for 2019. As such, RAM has revised its full-year expectation to US80 bil–USD90 bil. 
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Islamic banking set for growth in CIS countries as government support increases

Islamic banking will grow substantially in Commonwealth of Independent States (CIS) in the next five years from a low base, driven by government initiatives to boost the sector, Moody’s Investors Service
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IIFM launches Annual Sukuk Report 2019 (8th Edition)

The Annual Sukuk Report examines the development, structural preferences and drivers of the international and domestic Sukuk market in recent years with special focus on 2018.
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Digitalising Islamic Economy and Finance

The International Islamic Financial Market (IIFM) expects to finalise “Sukuk Al Ijarah” standard suite of documentation later this year. IIFM intends to also develop Sukuk Al Ijarah standard documentation covering securitisation market.
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Islamic Finance Library
Islamic Finance Dashboard
Calendar of Events
Recovery for Islamic Financing
Date: 18 - 19 September 2019
Venue: Kuala Lumpur, Malaysia

Legal Documentation for Islamic Financing

Date: 24 - 25 September 2019
Venue: Kuala Lumpur, Malaysia

Islamic Finance Rendezvous Series in Johor

Date: 1 October 2019
Venue: Johor Bahru, Malaysia

Takaful & Retakaful

Date: 2 - 3 October 2019
Venue: Kuala Lumpur, Malaysia

For more information please click here
Other News
  1. State support, China's Belt and Road to help expand Islamic finance
  2. QCB To Harmonise Shariah Regulatory Framework In Qatar
  3. Indonesia takes on Islamic fintech agenda with new digital platforms
  4. Alibaba Cloud taps into fintech for Islamic banking
  5. Turkey to focus on participation finance
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