Islamic Finance News’ Post

~ The main difference between conventional banks and Islamic banks lies in their principles and objectives. Conventional banks operate based on the interest system, while Islamic banks use the profit-sharing principle and avoid usury. In addition, Islamic banks do not finance businesses that are haram according to Islam. So, the choice between conventional and Islamic banks depends on your preferences and needs. #bank #banksyariah #ngomonginbank #perbankan #layanan #investment #saving

A planned Islamic megabank in Turkiye, the development of a digital bank in the UK, the establishment of a new Islamic fund in Kenya, a new Islamic banking unit and Sukuk plans in Kazakhstan, and the introduction of a digital currency in Iran are among the most significant events in the global Islamic financial industry this past month. IFN rounds up the top news from June 2024. https://lnkd.in/gqrsxv7B #REDmoney #IFN #IslamicFinance #Finance #Sukuk #Takaful #DigitalBanking #Murabahah #IslamicInvestment #ShariahCompliant #Fintech #AssetManagement #GlobalFinance #IslamicBanking #RegulatoryUpdates #KazakhstanFinance #TurkiyeFinance #UKBanking #IranDigitalCurrency #SaudiArabiaFinance #TanzaniaSukuk #MaldivesSukuk #SustainableFinance #UAEFinance #KuwaitFinance #EurasianDevelopmentBank #ParticipationFinance #IslamicMegabank #InvestmentFunds #ESGInvestment #IslamicETF #ShariahCompliantFunds

A planned Islamic megabank in Turkiye, the development of a digital bank in the UK, the establishment of a new Islamic fund in Kenya, a new Islamic banking unit and Sukuk plans in Kazakhstan, and the introduction of a digital currency in Iran are among the most significant events in the global Islamic financial industry this past month. IFN rounds up the top news from June 2024. https://lnkd.in/dtp9h2uJ #REDmoney #IFN #IslamicFinance #Finance #Sukuk #Takaful #DigitalBanking #Murabahah #IslamicInvestment #ShariahCompliant #Fintech #AssetManagement #GlobalFinance #IslamicBanking #RegulatoryUpdates #KazakhstanFinance #TurkiyeFinance #UKBanking #IranDigitalCurrency #SaudiArabiaFinance #TanzaniaSukuk #MaldivesSukuk #SustainableFinance #UAEFinance #KuwaitFinance #EurasianDevelopmentBank #ParticipationFinance #IslamicMegabank #InvestmentFunds #ESGInvestment #IslamicETF #ShariahCompliantFunds

Discover our Islamic SCF "Reverse Factoring" solution, designed to empower Islamic banks in the MENA region. #CreditPlus #IslamicFinance #ReverseFactoring #FinancialInclusion #SupportSMEs #EthicalFinance #EconomicDiversification #Innovation #Morabaha #Mosawama #MENA #EconomicDevelopment #Jordan #Safwa #JIB #IIAB #rajhi-bank

Islamic Finance News: 1. Deposits in Islamic banks rise but liquidity challenge persists (The Daily Star, Aug 30). 2. Bahrain: New tool set to help renegotiate existing Sukuk (ZAWYA, Aug 29). 3. More than $ 2 billion of orders for Equate Petro Sukuk return (GlobalCapital, Aug 29). 4. Estithmar Holding QPSC Successfully Completes QAR 500 Million Sukuk Issuance (ABCmoney.co.uk, Aug 29). 5. AED1.1 billion Islamic Treasury Sukuk issued for August 2024 (Arab News, Aug 29). 6. Paramount issues its first sustainability linked-Sukuk wakalah with AmBank Islamic (Thesun. my, Aug 29).

Islamic Finance News: 1. 10 banks and 18 non-bank organizations provide Islamic financing in Central Asia – EDB (AKIpress News Agency, Jun 27). 2. Sharjah Islamic Bank starts selling 5-year Sukuk – document (ZAWYA, Jun 26). 3. Half of all emerging-market debt issued by core Islamic Finance markets (Khaleej Times, Jun 27). 4. Saudi Islamic banks positioned for robust growth amidst economic expansion: Fitch Ratings (Arab News, Jun 26). 5. Bank Muamalat Partners With Inceif University To Advance Islamic Finance Industry (Bernama, Jun 28). 6. Islamic Finance in Russia enjoys great potential – deputy finance minister (Trend News Agency, Jun 27).

Islamic Finance News: 1. 10 banks and 18 non-bank organizations provide Islamic financing in Central Asia – EDB (AKIpress News Agency, Jun 27). 2. Sharjah Islamic Bank starts selling 5-year Sukuk – document (ZAWYA, Jun 26). 3. Half of all emerging-market debt issued by core Islamic Finance markets (Khaleej Times, Jun 27). 4. Saudi Islamic banks positioned for robust growth amidst economic expansion: Fitch Ratings (Arab News, Jun 26). 5. Bank Muamalat Partners With Inceif University To Advance Islamic Finance Industry (Bernama, Jun 28). 6. Islamic Finance in Russia enjoys great potential – deputy finance minister (Trend News Agency, Jun 27).

Hardcastle MENA Spotlight: On May 8, Saudi Arabia's Islamic Development Bank announced the establishment of a $2 billion five-year Islamic bond, also known as sukuk. On the same day, reports indicated that the Riyadh-headquartered Al Rajhi Bank will soon launch a 5.5-year sustainable sukuk. A sukuk is a Shariah-compliant bond or an Islamic financial certificate that avoids the interest component of traditional bonds. #saudiarabia #sukuk #islamicfinance #bonds

Few thoughts in the IFR article titled ''Dash for Islamic assets elevates sukuk market''   “Sukuk is a significant part of the funding mix in the GCC,” said Bashar Al-Natoor, global head of Islamic finance at Fitch, who pointed to the broad Islamic investor base in the region.   “In the GCC, the vast majority of investors are banks and a large part of the investor base in the region is the Islamic banks,” he said. “In Kuwait, almost 50% of the banking sector is Islamic. Around 85% of bank finance in Saudi Arabia is Islamic finance. In Bahrain, it is 40%. In the UAE and Qatar, you are talking around ......” Full article: https://lnkd.in/dZKPC96w   https://www.ifre.com/   ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖📣⬇️ Islamic Finance Symposium 2024 is now available on demand. You can register to listen: https://lnkd.in/d-NgUNhe ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖🌐⬇️ 𝕱𝖔𝖗 𝖒𝖔𝖗𝖊 𝖔𝖓 𝕴𝖘𝖑𝖆𝖒𝖎𝖈 𝕱𝖎𝖓𝖆𝖓𝖈𝖊: https://lnkd.in/fucmrFT ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖#️⃣⬇️ #islamicfinance #sukuk #islamicbanking #capitalmarkets

In this week's episode of #IslamicFinanceWeekly with Rahma Say Muhammed, watch some interesting key developments and stories that happened in the world of Islamic Finance. Watch the episode here: YouTube: https://lnkd.in/dfFzdWFN cc: LOTUS Bank Lotus Capital Limited The Alternative Bank Islamic Development Bank (IsDB) #IslamicFinance #AltBank #LotusCapital #LotusBank #IsDB #Sukuk