Archives for Islamic Finance
Central Asia pushes Islamic finance in preparation of post-Covid era
Islamic banking in Central Asia, namely in the Commonwealth of Independent States (CIS) with its presently nine member nations, is developing fast and is on the best way to become…
Social Waqf sukuk urged for Islamic finance industry
The Islamic finance industry needs to work out a revenue generation aspect for a long-term socially-driven Waqf sukuk, experts have urged. This was the consensus view in the first Islamic…
Trading in BankIslami’s sukuk begins at PSX
Trading in sukuk certificates of BankIslami Pakistan commenced on Friday at the Pakistan Stock Exchange (PSX) with a striking of the gong. The certificates have a floating expected profit rate…
Islamic Finance and Prospects for Weathering COVID-19
COVID-19 continues to have profound implications for the global economy. All around the world, the lockdown has contributed to rising unemployment, reduced incomes, and increased food insecurity. Private sector workers…
Abu Dhabi Islamic Bank Q1 profit declines 55% on low revenues
Abu Dhabi Islamic Bank (Adib) net profit for Q1 2020 fell 55 per cent to million as compared to million in the same period last year due to increase in provisioning…
NPIF continues to lend despite UK uncertainty – generating over £320m of investment in the North’s small businesses to date
The £400m Northern Powerhouse Investment Fund (NPIF) has remained active despite nationwide uncertainty, completing 61 deals worth over £14m since the beginning of 2020. The Fund, which provides a mix…
Islamic bank, Turk Eximbank ink $100M deal to aid SMEs
The Islamic Development Bank (IsDB) and Turk Eximbank signed a syndicated murabaha (interest-free) deal of $100 million to finance small and medium-sized enterprises (SMEs), and middle capitalization companies (MidCaps) in…
Islamic finance gaining stronger foothold in China
As this year’s GDP growth of China, the world’s second largest economy and major manufacturing hub, is forecast to reach a 44-year low of just , there is enough ongoing…
PHL issues Rs200bn sukuk to address liquidity constraints
Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy, is issuing Rs200 billion debt instrument to address the liquidity constraints being faced by Pakistan’s…
COVID-19: How Islamic Finance Supports The Economy Through Waqf Crowd Funding – Dr. Aliyu Dahiru
Islamic Finance through Waqf Crowd Funding could support Nigeria's efforts at mitigating the adverse impact of the novel coronavirus on the economy. Dr. Aliyu Dahiru Muhammad, the Deputy Director, Training…