Author Archives: IMFN
Pakistan Energy Sukuk-II of Rs 200 billion: PD urged to expedite process of clearing IPPs’ overdue amount
Independent Power Producers Association (IPPA) has urged Power Division to expedite Pakistan Energy Sukuk-II of Rs 200 billion to clear sizeable overdue amounts of IPPs which are on the verge…
Global sukuk issuance to rise 6% to $75bn in 2020
Saudi Arabia, Indonesia and Malaysia will continue to issue sukuk to meet financing long-term sovereign sukuk issuance is expected to rise 6 per cent to $75 billion () in 2020…
Bank Islam raises RM400m from sukuk issuance
Bank Islam Malaysia Bhd has issued the second tranche of RM400 million subordinated sukuk under its RM10 billion Sukuk Murabahah Programme today, the first subordinated sukuk issued by an Islamic…
Sharjah Islamic Bank rolls out relief and preventive measures
Sharjah Islamic Bank’s Board of Directors rolls out several relief measures across all its branches, to help assist corporate customers and employees to deal with the financial strain caused during…
Indonesia raises 6.6 trln rupiah from Islamic bonds auction, below target
Indonesia on Tuesday raised trillion rupiah ($ million) from a biweekly Islamic bonds auction, below its indicative target of 7 trillion, the finance ministry said in a weighted average yields…
Zakat Fund issues new instructions for aid seekers
Within the framework of the precautionary measures taken by the State to reduce the spread of COVID-19, the Zakat Fund of the Ministry of Endowments (Awqaf) and Islamic Affairs has…
Islamic Development Bank comes to the rescue of virus-hit members
Just as Gulf Times reported last week that a number of Islamic finance umbrella organisations worldwide were assessing the potential damage the coronavirus crisis has inflicted on the economies and…
No interest or repayments for six months on Microfinance Ireland’s Covid-19 loans
There will be an option for a six-month moratorium on interest and repayments under the new Microfinance Ireland Covid-19 loan scheme, Minister for Business Heather Humphreys has announced. The Minister urged micro enterprises, which…
Rapid Expansion of Islamic Banking
Islam covers all the aspects of human life, financial management is not the exception. Islamic finance is closely related to the interest free financial services industry. Banking industry contributes a…
Global Forum on Islamic Economics, Finance and Banking held Speakers stress need to promote Islamic finance system worldwide
UMT holds 5th Global Forum on Islamic Economics, Finance and Banking University of Management and Technology’s Institute of Islamic Banking recently held two days 5th International Conference on Islamic Economics,…