Category: islamic finance


The World Gold Council and Islamic standards authority in Bahrain are putting together a draft plan that could unleash huge extra demand for the precious metal, which until now has been limited for Sharia-compliant transactions. With the Islamic finance industry set to be worth US$3 trillion in the next decade, gold ... Read More


SAUDI ARABIA: Saudi conglomerate Al Bayan Group Holding Company has raised funds through the ... Read More


DUBAI: The emirate of Sharjah will raise $500 million through a five-year sukuk transaction, which could price as early as Wednesday, a document from lead arrangers showed. The sovereign is currently retaining the pricing, as announced on Tuesday, in the area of 250 basis points over midswaps for the Islamic bond, ... Read More


DUBAI — The Islamic sukuk or bond market is set to drop sharply this year after Malaysia’s central bank, one of the largest global issuers, stopped doing so, Standard & Poor’s said Tuesday. “In the first half of 2015, the Central Bank of Malaysia’s pullback saw total sukuk issuance drop by ... Read More