Central Bank of Bahrain Licences First Sharia’a-compliant Cryptocurrency Exchange – Coin-MENA – as its First Digital Assets Footprint in the GCC

Another sign that digital asset and exchanges are slowly getting traction in the Islamic finance space is the recent issuance of a licence by the Central Bank of Bahrain (CBB)…

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SC Expands Malaysia’s SRI Sukuk and Bond Grant Scheme to Encourage Capital Market Fund Raising for Sustainable Development

Another sign of the Malaysian government pushing the sustainability, ESG and socially responsible investments (SRI) agenda is the decision in January 2021 of the Securities Commission Malaysia (SC) to expand…

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ITFC Launches Standalone LC Confirmation Facility to Support Private Sector and SMEs to Boost Intra-Islamic Trade as Egypt Signs US$1.1bn Trade Finance Programme with Corporation

The International Islamic Trade Finance Corporation (ITFC), the trade fund of the Islamic Development Bank (IsDB) Group, continues to consolidate its financing activities in Africa and with the private sector…

Continue ReadingITFC Launches Standalone LC Confirmation Facility to Support Private Sector and SMEs to Boost Intra-Islamic Trade as Egypt Signs US$1.1bn Trade Finance Programme with Corporation

Saudi Central Bank Introduces Two Documents Aimed at Regulating Crowdfunding Platforms and Activity in the Kingdom

The Saudi Central Bank (SAMA) introduced two official documents in December 2020 aimed at regulating Crowdfunding platforms and activity in the Kingdom. The documents include Rules for Engaging in Debt-Based…

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Bank Negara Malaysia Pioneers Comprehensive and Robust Licensing Framework for Islamic Digital Banks

Malaysia inched forward to licensing the first digital banks (DGs) in the Islamic Development Bank (IsDB) member countries, when Bank Negara Malaysia (BNM) issued a Policy Document on Licensing Framework…

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Bank of England Rolls Out Alternative Liquidity Facility for Islamic Banks after Long and Comprehensive Process of Consultation and Development

The supervision and regulation of Islamic financial institutions (IFIs), especially in non-traditional markets, took a major step forward as the Bank of England rolls out its pioneering Alternative Liquidity Facility…

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