Mekyal Announces Shari’a Compliance Certification for its Crowd-funding Sukuk Model
In a significant development to Saudi based fintechs, Mekyal Financial Technologies Company is thrilled to announce that it has received Sharia compliance certification from the Shariyah Review Bureau (SRB) for its Sukuk issuance platform. This certification marks a critical milestone for Mekyal, aligning its innovative offerings with Sharia principles and enabling investors to finance small...
Global Islamic finance assets expected to exceed $6.7 trillion by 2027
by Shaima Hasan, Senior Proposition Manger, LSEG
Shereen Mohamed, Senior Research Analyst, LSEG
LSEG: Islamic Finance Victory: Work hard in silence, let your success be your noise.
The global Islamic finance industry has increased its assets size by 11% to US$4.5 trillion in 2022, according to the recent ICD -LSEG Islamic Finance Development Report 2023. In the...
Islamic Reporting Initiative (IRI) Invites Corporate Governance Leaders to Join Pilot Program
The Islamic Reporting Initiative (IRI) is inviting corporate governance leaders from the Middle...
Fintech and regtech will drive stronger future growth in Islamic Finance
Research* with leading Islamic Finance professionals reveals they expect fintech and regtech to make...
International Islamic Trade Corporation Tops Bloomberg 2021 Global Islamic Financing League Tables
International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) has emerged on top of the...
Findings of the 10th Meeting of IsDB Institute Board
Islamic Development Bank President and Chairman of IsDB Group, H.E. Dr. Muhammad Al Jasser, chaired the 10th meeting...
How the Islamic Trade Cooperation is supporting Turkmenistan
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) signed a Framework Agreement for US$ 150 million with...
Assets under management in Middle East rose 11% to $1.2trln in 2020
Despite the economic turbulence caused by the coronavirus pandemic, the asset management industry...
Global Islamic finance set to grow 12% driven by sukuk, takaful
By Staff Writer, ZAWYA
The global Islamic finance industry will grow by 10-12 percent in 2021-2022...
Dubai Investments announces 8% cash dividend to shareholders
By Staff Writer, Khaleej Times
Dubai Investments, a leading UAE investment company listed on the Dubai Financial Market (DFM),...
Global sukuk issuance to fall slightly in 2021 as financing needs ease
Gross long-term global sovereign sukuk issuance will amount to $96 billion in 2021,...
A transition risk facing insurers that may be more acute for takaful operators
Insurers have been at the forefront of many changes relating to climate...
