The proposal by AAOIFI for centralized Sharia boards, if implemented in countries active in Islamic finance, will help the industry move toward greater standardization and harmonization in Sharia interpretations, S&P Global Ratings said.
Dubai Islamic Bank has announced the successful pricing of the largest senior sukuk issuance by a financial institution globally. The $1 billion sukuk was issued with a five-year tenor, maturing on February 14, 2022.
Nasdaq Dubai has welcomed today’s listing of a $1 billion sukuk by the Investment Corporation of Dubai (ICD) on the stock exchange.
The listing reinforces Dubai’s position as the world’s largest venue for sukuk l
Etihad Airways has been awarded the Islamic Deal of the Year by Global Transport Finance for its debut Sukuk.
The Abu Dhabi-based airline successfully completed a Sukuk issuance raising $1.5 billion in November 2016 – the la
Dentons, one of the world's largest law firms, said it had advised Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, on its inaugural issuance of $150 million trust ce
Sharjah Islamic Bank’s (SIB) $500 million sukuk was listed on Nasdaq Dubai today.
Ahmad Saad, Deputy CEO of SIB, rang the opening bell to celebrate the listing.
The listing adds further momentum to Dubai&rsquo
Ahli United Bank, one of Kuwait’s leading financial institutions, listed a $200 million sukuk today on Nasdaq Dubai, the region’s international financial exchange.
It is the third listing on the exchange from Kuwait,
New sukuk issuance continues to remain subdued in 2016, but growth prospects for the Islamic finance sector are still strong, says Moody's Investors Service in a report published today (September 21).
"Growth in the Islam
The drop in Islamic finance growth is likely to continue in 2017, said S&P Global Ratings, estimating that the industry's total assets will reach $2.1 trillion at year-end 2016.
"We think two factors will act as a bra
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has successfully closed a $250 million tap of its earlier $750 million five-year sukuk issued in May 2016.
This is under the bank’s $2.5 billion