Islamic Finance News

YB Pakistan, a subsidiary of conglomerate YB Group, has acquired Interloop Asset Management, a firm incorporated in 2021 and regulated by the Securities and Exchange Commission of Pakistan. As part of the acquisition, Interloop will be rebranded into Lucky Investment Management, a fully Islamic asset management firm. Mohammad Shoaib, the founding CEO of Al Meezan Investments, will be taking on the role of co-founder and CEO of Lucky Investment Management, he announced in a LinkedIn post. https://lnkd.in/gXZ-9VHy #REDmoney #IFN #IslamicFinance #Finance #YBGroup #LuckyInvestmentManagement #AssetManagement #PakistanFinance #ShariahCompliantInvestments #BusinessExpansion #InvestmentAcquisition #InterloopRebrand #CorporateLeadership #YBGroup #Interloop #LuckyInvestment #AlMeezanInvestments #Pakistan

The Conference of Parties, or COP29, started in Baku on the 11th November and ended on the 22nd November 2024. The first COP meeting was held in Berlin in 1995. The idea of gathering the nations on one platform to address climate issues has caught up well and we see a flurry of activities year-round. It takes months for the host country to prepare for the COP and weeks for the nations to come to terms with the closing communique and the hard-negotiated agreements. https://lnkd.in/gPRdN6ah #REDmoney #IFN #IslamicFinance #Finance #COP29 #ClimateAction #GreenFinance #SustainableDevelopment #LossAndDamageFund #ClimateFunding #GreenEconomy #EnvironmentalSustainability #GlobalCollaboration #ClimateJustice #FinanceCOP #SustainableInvestments #ClimateChange #GreenBonds

Islamic Development Bank (IsDB) has, on the 15th December 2024, approved a total of US$575.63 million in financing, for projects to advance education, energy, connectivity, job creation and food security in Africa and Central Asia, during the 358th meeting of the IsDB board of executive directors. The approved funds will support various projects in Guinea, Kyrgyzstan, Uzbekistan, Kazakhstan, Tunisia and Benin. IsDB President Dr Muhammad Al Jasser commented: “This round of financing approvals represents a milestone in the history of our institution as our annual development approvals have exceeded US$5 billion.” https://lnkd.in/gFUzg4FX #REDmoney #IFN #IslamicFinance #Finance #DevelopmentFinance #SustainableDevelopment #EducationForAll #EnergyAccess #JobCreation #FoodSecurity #RegionalConnectivity #Africa #CentralAsia #InfrastructureDevelopment #SDGs #EconomicIntegration #GlobalPartnership #EmpoweringCommunities #IsDB

Alizz Islamic Bank, one of two full-fledged Islamic banks in Oman, tapped the Islamic capital market with a landmark Sukuk issuance worth OMR30 million (US$77.92 million). Successfully completed on the 11th December 2024, the unsecured subordinated Additional Tier 1 Sukuk Mudarabah carries a perpetual tenor and a greenshoe option of OMR30 million. https://lnkd.in/gDYG7jKG #REDmoney #IFN #IslamicFinance #Finance #SukukIssuance #CapitalMarkets #OmanFinance #Tier1Sukuk #ShariahCompliant #OmanSukuk #FinancialInnovation #AlizzIslamicBank #Oman

Hub71, an Abu Dhabi-based tech park, has entered into a partnership with ADIB - Abu Dhabi Islamic Bank on the 10th December 2024, to support the growth and development of start-ups in the region. The collaboration will provide start-ups with mentorship, investment opportunities and commercial support to scale their businesses. https://lnkd.in/gc-u4DV6 #REDmoney #IFN #IslamicFinance #Finance #IslamicFintech #FintechPartnership #Startups #InvestmentOpportunities #Mentorship #FinancialInnovation #TechEcosystem #DigitalAssets #ClimateTech #BusinessGrowth #MiddleEastFintech #SecureFintech #DigitalTransformation #AbuDhabi #Mubadala #Hub71 #ADIB #UAE

Stake, a Shariah compliant digital real estate investment platform headquartered in the UAE, has officially launched in Saudi Arabia. Notably, it is the first platform regulated by the Saudi Capital Market Authority to allow international investors to access Saudi real estate investment opportunities. The platform’s entry into the Saudi market is marked by its collaboration with Mulkia Investment ملكية للاستثمار, an asset management firm in the Kingdom, to establish private real estate funds designed to make investment in Saudi real estate more accessible. https://lnkd.in/gB_fwTT7 #REDmoney #IFN #IslamicFinance #Finance #ShariahCompliant #SaudiRealEstate #DigitalInvesting #InclusiveInvestment #RealEstateInnovation #BorderlessFinance #SaudiInvestments #Stake #Mulkia #AlrajhiSeventh #SaudiCapitalMarketAuthority #SaudiArabia

Cambodia has, in the past, taken steps to engage with the global Islamic economy, given its sizeable Muslim population. This has led to gradual developments in the country’s Islamic financial sector. The country hosted the 20th General Assembly of the Regional Islamic Da’wah Council for Southeast Asia and the Pacific (RISEAP), a non-profit organization of which it is a member, on the 7th December 2024, highlighting its ties with regional Islamic initiatives. https://lnkd.in/gCe_QPtV #REDmoney #IFN #IslamicFinance #Finance #CambodiaIslamicFinance #HalalEconomy #HalalOpportunities #KhmerMuslimCommunity #HalalIndustryCambodia #IslamicEconomyExpansion #CambodiaHalalExport #IslamicFinanceInclusion #RISEAP #QuantumMetal #CambodianAmanahTakafulAssociation #Cambodia

The Philippines’ Muslim government released its Islamic Finance Roadmap 2024-2028, Tunisia announced its intention to issue a Sukuk facility in 2025 to support its budget, and the Pakistani regulator finalized its Shariah Governance Framework for Islamic banking institutions in the country. In the UK, two Islamic financial institutions signed agreements related to Shariah compliant home finance portfolios. Read more highlights in IFN’s weekly market round-up. https://lnkd.in/gtKxNtYJ #REDmoney #IFN #IslamicFinance #Finance #Takaful #Sukuk #ShariahGovernance #IslamicBanking #ReTakaful #HalalInvestments #GoldInvestment #IslamicFunds #PakistanFinance #PhilippinesRoadmap #IslamicEconomy #UKIslamicFinance #Bangsamoro #IILM 

Gatehouse Bank plc has, on the 4th December 2024, announced a new partnership with ColCap Financial UK, a subsidiary of the Sydney-headquartered ColCap Financial Group, for Shariah compliant home finance. The London-headquartered Islamic bank, offering Shariah compliant ethical savings products and residential property finance, will work with ColCap UK to originate more than GBP550 million (US$698.91 million) in Shariah compliant home finance over an initial two-year tenor. The partnership also includes the sale of approximately GBP100 million (US$127.07 million) of Gatehouse Bank’s beneficial interest in its existing home finance portfolio. https://lnkd.in/gPyg5Pwi #REDmoney #IFN #IslamicFinance #Finance #ShariahCompliantFinance #IslamicHomeFinance #ColCapFinancial #EthicalBanking #UKIslamicFinance #ResidentialProperty #AlternativeFinance #HalalFinance #GlobalPartnerships #ExpandingMarkets #GatehouseBank #UK

Explore the evolution of Türkiye’s Participation Finance Market at the IFN Türkiye Dialogues 2024! Join leading experts, including Fatma Cinar, Ahmet Tacer, Dr Bayram Veli Salur, Osman Karakütük, Seçil Yıldız, Serhan Yildirim, and Zeynep Çalikiran Yaşar, as they delve into the sustainability of Sukuk growth, thematic issuance trends, corporate participation, and green finance opportunities. Gain unparalleled insights into Türkiye’s dynamic Islamic finance landscape. https://lnkd.in/dK99KGSd #IFNTürkiyeDialogues2024 #REDmoney #IFN #IslamicFinance