The fourth edition of the International Forum on Islamic Finance of West African countries concluded in Dakar, Senegal on 3 June. »

In a speech in London, Jaseem Ahmed, Secretary-General of the Islamic Financial Services Board (IFSB), reviewed some of the principal findings of the IFSB Stability Report for 2016. »

Sukuk issuances rose to USD114.7bln in 11M14 (Jan-Nov 2014), a sizeable 8.6% increase from the USD105.6bln volume recorded during 11M13. Sovereign issuances accounted for almost 80% of total issuances. The record for issuances was in 2012 when $137.1 billion was raised, while issuance dropped to $116.9 billion in 2013 and fell further in 2014. »

The Islamic Financial Services Board in its Islamic Financial Services Industry Stability Report 2015, provides some useful data with regards to the latest statistics to the size and growth of the market, an industry which remains in an upward trajectory, evidenced by its assets’ double-digit compound annual growth rate (CAGR) of 17% between 2009 and 2013. »

Alternative Student Finance Solutions for UK Students To ensure participation and choice are open to all, the UK Government has introduced primary legislation which will, subject to Parliament, allow the Secretary of State to provide alternative student finance consistent with the principles of Islamic finance alongside loans and grants. The Government introduced primary legislation in May 2016 wh... »

China Seeks Islamic Financing and Partnerships for its New Silk Route Giving its take on the recent annual IDB meeting in Jakarta, the Chinese 24-hour English language television channel CCTV News gave its take on the event from a Chinese perspective. The need for more infrastructure investment in IDB member nations was highlighted with possible sources of investment coming from China’s one belt, ... »

The Bank recognises that Islamic banks are currently unable to use the Bank's existing liquidity facilities. In particular, the Sterling Monetary Framework is the mechanism by which the Bank sets interest rates, and interest-based facilities are not deemed Shari'ah compliant. »

The Board of Taxation’s report on Islamic financing released on the same day as the budget noted “access to diverse sources of offshore capital is important in the context of Australia being a net capital importer. »

As the Islamic financial industry continues to experience exponential growth, offshore financial centres (OFCs) are keen to market their value for the development of Sharia compliant financial products. OFCs are working towards establishing comprehensive eco-systems to gain competitive advantages over other jurisdictions for business, promoting the element of low taxes or low costs of doing busine... »

Christian Faith based finance represents a smaller share of global financial assets than Islamic finance which itself only represents around 1% of total global assets. »