Bank Negara Malaysia Establishes Joint Committee on Climate Change for Building Climate Risk Resilience Within the Malaysia Financial Sector

Bank Negara Malaysia Establishes Joint Committee on Climate Change for Building Climate Risk Resilience Within the Malaysia Financial Sector Kuala Lumpur - Bank Negara Malaysia (BNM), the central bank, has…

Continue ReadingBank Negara Malaysia Establishes Joint Committee on Climate Change for Building Climate Risk Resilience Within the Malaysia Financial Sector

Egypt Introduces Comprehensive Unified Insurance/Takaful Law as Takaful Growth Tops Conventional Insurance Sector

Following Morocco’s approval of a Law in August 2019 to facilitate the introduction of Takaful products in the Kingdom’s growing insurance market, Egypt is the latest country to introduce a…

Continue ReadingEgypt Introduces Comprehensive Unified Insurance/Takaful Law as Takaful Growth Tops Conventional Insurance Sector

Saudi DMO Maintains Domestic Sovereign Sukuk Issuance Momentum with Ninth Consecutive Offering as 2019 Offerings to Date Reach US$15 billion, including another 30-Year Tranche

The Debt Management Office (DMO) of the Saudi Ministry of Finance continued its proactive on-going monthly domestic sovereign Sukuk issuance in September 2019 with a three-tranche riyal-denominated offering totaling SR8.834…

Continue ReadingSaudi DMO Maintains Domestic Sovereign Sukuk Issuance Momentum with Ninth Consecutive Offering as 2019 Offerings to Date Reach US$15 billion, including another 30-Year Tranche

Crown Commercial Service Sends Out RFP for Proposed Second UK Sterling-denominated Sovereign Sukuk

Deal or no Deal, Brexit or No Brexit, the UK’s Islamic finance proposition continues to consolidate as the country seeks to forge new trading, investment and financial partnerships. The issuance…

Continue ReadingCrown Commercial Service Sends Out RFP for Proposed Second UK Sterling-denominated Sovereign Sukuk

Global Islamic Finance Industry Consolidates its Embracing of Digitisation and FinTech Solutions

The global Islamic finance sector, together with the wider financial services industry in the OIC countries, continues to embrace ESG and FinTech, some of the initiatives being particularly innovative, across…

Continue ReadingGlobal Islamic Finance Industry Consolidates its Embracing of Digitisation and FinTech Solutions

Dubai’s Emaar Properties Returns to Sukuk Market After Absence of Three Years with Hybrid $500m Benchmark Issuance

Dubai-based international property developer, Emaar Properties, returned to the Sukuk market after a hiatus of three years to successfully closed its latest offering, a US$500 million benchmark Sukuk issuance in…

Continue ReadingDubai’s Emaar Properties Returns to Sukuk Market After Absence of Three Years with Hybrid $500m Benchmark Issuance

Malaysia’s Cagamas Berhad Defies Global Growth Challenges and Trade Tension Sentiments with Three Competitively-priced Sukuk Issuances in August to Support Mortgage Market

Cagamas Berhad, the National Mortgage Corporation of Malaysia, one of the most prolific issuers of Sukuk, continues to play a major role in Sukuk issuance and in the Islamic mortgage…

Continue ReadingMalaysia’s Cagamas Berhad Defies Global Growth Challenges and Trade Tension Sentiments with Three Competitively-priced Sukuk Issuances in August to Support Mortgage Market