Kuveyt Türk, the Turkish participation bank has issued a Turkish Lira denominated Sukuk for TL150m. The 90 days issuance with a maturity of 90 days received demand of around TL200 million from a book building exercise which stated on September 15 to qualified investors. »
In an interview with Bloomberg TV Malaysia at the World Islamic Economic Forum, Climate Bonds Initiative CEO Sean Kidney explained why developing a green bond market is to Malaysia's advantage, especially given its focus on infrastructure and energy projects. »
The Bloomberg Malaysia Sukuk Ex-MYR Total Return (BMSXMTR) and Dow Jones Sukuk Total Return (DJSUKTXR) indices ended the week lower at 101.8 (-0.3% w-o-w) and 155.5 (-0.27% w-o-w) respectively. »
The Islamic Development Bank’s ‘Aaa’ Long-term issuer rating was reaffirmed with a “Stable Outlook” by Moody’s. »
With its in-built principles that support financial stability, inclusiveness and economic development, Islamic Banking and Finance lends itself well to catalysing and promoting real economic. Key Islamic financial segments such as Islamic banking and capital markets continued to support economic growth across the globe by providing Shariah-compliant modes of funding and financing. »
The Malaysian Central Bank successfully auctioned MYR1.5 Billion of Murabahah based Investments achieving 175 orders totalling MYR 3.66 Billion. A profit rate of 4.786% was achieved for the 20 years tenor issuance which matures in 2035. »
The IDB side event will discuss how the Islamic financial industry can be leveraged to boost financial inclusion for the realization of SDGs. It will also discuss the contribution of financial institutions such as the Alliance for Financial Inclusion (AFI), and identify the opportunities presented by Islamic finance in enhancing financial inclusion and narrowing inequality. »
IDB Group President pays tribute to more than four decades of achievements of the Coordination Group
Total finances approved by the Group has amounted to US $235 billion in H1 2015, 60 percent of which has gone to support public and private sector investments including infrastructures for energy, transport, communications and social services. »
Addressing the opening ceremony, the IDB Group President, Dr. Ahmad Mohamed Ali extended appreciation to the Turkish Presidency for having included on G20’s agenda the development of SMEs via Islamic finance. He further highlighted the significance being placed by policy makers across the globe on the pivotal role of SMEs through Islamic finance in enhancing economic growth and alleviating poverty... »
Despite the lowering commodity prices, tightening global financial conditions and possible higher interest rates, OIC Member States will maintain economic growth next two years. Thus, it is expected that OIC Member States average economic growth rate will accelerate in 2016 and 2017 with 5.1 and 5.8 percent, respectively. »
