IILM - International Islamic Liquidity Management’s Post

We, at the Islamic Development Bank Institute (IsDBI), are pleased to announce the successful completion of the pilot Islamic Finance Strategic Mapping Framework (IF-MAP) excercise in Kazakhstan, in collaboration with the AIFC (Astana International Financial Centre). Key outcomes: -Opportunities and challenges in Kazakhstan's Islamic finance sector -Policy recommendations on the development of Islamic finance -New report titled 'Islamic Finance Country Report for Kazakhstan' #IsDBI and #AIFC are committed to fostering a thriving Islamic finance industry in Kazakhstan. Read more: https://lnkd.in/dWXTgrTt Access the report: https://lnkd.in/dFDmKTFf #IslamicFinance #Kazakhstan #IFMAP #AIFC #SustainableDevelopment

We, at the Islamic Development Bank Institute (IsDBI), are pleased to announce the successful completion of the Islamic Finance Strategic Mapping Framework (IF-MAP) pilot excercise in Kazakhstan, in collaboration with the Astana International Financial Centre (AIFC). Key outcomes: -Opportunities and challenges in Kazakhstan's Islamic finance sector -Policy recommendations on the development of Islamic finance -New report titled 'Islamic Finance Country Report for Kazakhstan' #IsDBI and #AIFC are committed to fostering a thriving Islamic finance industry in Kazakhstan. Read more: https://lnkd.in/dWXTgrTt Access the report: https://lnkd.in/dFDmKTFf #IslamicFinance #Kazakhstan #IFMAP #AIFC #SustainableDevelopment

Empowering SMEs, Driving Economic Growth in Kazakhstan At Islamic Corporation for the Development of the Private Sector (ICD), we’re committed to fostering private sector development and advancing financial inclusion in our member countries. We’re happy to announce the disbursement of a KZT 2.4 billion Shari’a-compliant financing facility to Kazakhstan Ijara Company (KIC). This initiative is designed to empower small and medium-sized enterprises (SMEs) - the backbone of Kazakhstan’s economy. 💡 What makes this initiative impactful? ✅ Provides SMEs with stable, local currency financing to fuel growth. ✅ Utilizes an innovative Islamic cross-currency swap for financial stability. ✅ Strengthens economic resilience, job creation, and private sector growth. This facility builds on our efforts to expand Islamic finance solutions in emerging markets, following the successful issuance of Kazakhstan’s first Tenge-denominated Sukuk in 2023. 📖 Swipe through our carousel to learn how we’re shaping the future of SME financing in Kazakhstan. #IslamicFinance #KazakhstanSMEs #EconomicResilience #FinancialInclusion Muzaffar Nizamiddinov, Ulan Abylgaziev, Askar Baimuldin, Tural Bakhshaliyev

"Saudi Arabia's Public Investment Fund has inked a deal worth up to US$50 billion with six large Chinese financial institutions, in a further sign of deepening financial links between Beijing and the Middle East. The PIF, one of the world's largest sovereign wealth funds with US$925 billion in assets, has signed memorandums of understanding with China's largest state-owned commercial banks, Agricultural Bank of China, Bank of China, China Construction Bank and Industrial and Commercial Bank of China. It has also partnered with the China Export and Credit Insurance Corporation and Export-Import Bank of China, according to a statement published last week." #ignitesasia

Zambia is preparing to enter the Sukuk market with an issuance by a real estate company, while Azerbaijan started talks with the Islamic Development Bank (IsDB) on launching an Islamic financial instrument. A Qatari bank has acquired a commercial bank in Kazakhstan and the Indonesian government established a Shariah economy and finance committee in the West Sulawesi province. Read more of the past week’s top news in this IFN market round-up. https://lnkd.in/grxGBRc6 #REDmoney #IFN #IslamicFinance #Finance #IFNweeklyroundup #Sukuk #ShariaEconomy #GreenFinance #SustainableFinance #ICIEC #AIInvesting #Takaful #Uzbekistan #IslamicBanking #HalalEconomy #ESGInvesting #FinancialInstruments #UAE #Iran #Kazakhstan #Qatar #Zambia #Indonesia #Azerbaijan #Malaysia

The Eurasian Development Bank (EDB) and Dar Al Sharia entered into an agreement to implement Islamic finance principles and standards at the EDB. https://lnkd.in/gF4XfxJk #halalweekly #halalnews #halaltravel #islamicfinance

Indonesia said it plans to mandate the use of Takaful to cover Sukuk’s underlying assets in the Republic, while a group of Islamic economists from Indonesia signed an agreement with Iranian Islamic finance professionals. The UAE and the UK each saw landmark Islamic finance transactions, while in Bangladesh, local banks were instructed by the regulator to consider taking over weaker banks in the country. All these and more in IFN’s weekly market round-up. https://lnkd.in/gePtyvXm #REDmoney #IFN #IslamicFinance #Finance #ShariahCompliant #FinancialRegulation #Takaful #Sukuk #AssetManagement #WealthManagement #Pakistan #Iran #Indonesia #UAE #UK #Bangladesh

Advancing Intra-African Trade: Egypt Joins the Pan-African Payment and Settlement System (PAPSS) Proud to see Egypt take a significant step toward strengthening economic integration in Africa by joining the Pan-African Payment and Settlement System (PAPSS), a revolutionary mechanism developed under the African Continental Free Trade Area (AfCFTA). PAPSS simplifies cross-border transactions, reducing reliance on foreign currencies, cutting transaction costs, and enhancing efficiency in trade between African nations. For Egypt, this means: • Faster trade settlements with African partners. • Cost savings for businesses operating across borders. • Strengthening our position as a regional trade hub. This initiative is a powerful reminder of the immense potential we have as a continent to unlock new economic opportunities through collaboration. As a Senior Economist focusing on African investment relations, I am thrilled to witness this progress and the opportunities it creates for investors and businesses alike. The road to a fully integrated Africa is challenging, but with every step—like this—our collective vision becomes clearer. Let’s continue building bridges, facilitating trade, and working towards a prosperous African future. #AfCFTA #PAPSS #Egypt #IntraAfricanTrade #EconomicIntegration #Investment

This number was announced at the Astana International Financial Centre as part of the presentation of a report on the market for the development of Islamic finance in Kazakhstan. The report, prepared by the AIFC in collaboration with the consulting company CSQLaw and with the support of the Islamic Development Bank Institute, revealed significant interest in Islamic deposits among respondents outside the deposit system due to religious beliefs. The total value of these new Islamic deposits could reach up to 1.9 trillion tenge. Additionally, the study estimates that the transition from conventional to Islamic deposits could be worth around 924 billion tenge. 📖 Read the full report here https://lnkd.in/eZwHvTN8

Last Wednesday, I was grateful to participate in the Focus Group Discussion (FGD) on "Drafting Programs and Projects for the Islamic Finance Industry," as part of developing the Indonesian Sharia Economic and Financial Masterplan (MEKSI) 2025-2029. The session brought together distinguished representatives from various associations in Islamic financial institutions, including the Association of Islamic Banks, Islamic Rural Banks (BPRS), Development Banks, Islamic Cooperatives, Islamic FinTech, and, among others. It was an active discussion, and I gained valuable insights from all participants. We delved into crucial areas to enhance the Islamic financial industry, emphasizing: - Strengthening Islamic finance literacy. - Providing government incentives for Islamic financial service institutions targeting unbankable customers. - Cultivating strategic collaborations between Islamic financial institutions and the Islamic ecosystem. - Advocating for regulatory frameworks that provide sufficient flexibility and growth opportunities for Islamic financial institutions. - Enhancing the quality and uniqueness of Islamic financial products. - Improving human resources. It's a privilege to contribute to such an initiative that promises to strengthen and elevate Indonesia's position in the global Islamic financial market. #Indonesia #Masterplan #IslamicEconomy #IslamicFinance #MEKSI2025-2029