Africa

More Firms Eye $60tn Green Bond Market for Project Funding

With the rising appetite for green bonds, more Nigerian companies are preparing to take advantage of this financing instrument to fill their funding gaps,...

Nigeria Seeks Concessional Loans to Tame Debt-Service Costs

Nigeria may have about the best-performing Eurobonds in emerging markets this year, but the West African nation says it will prioritize borrowing from concessional...

Asia and the Pacific

Bursa Malaysia wins ‘Best Stock Exchange for Islamic Listings’

Bursa Malaysia Bhd was named the Best Stock Exchange for Islamic Listings by Islamic Finance News (IFN) at the 13th Annual IFN Service Providers...

RAM Ratings Assigns Final Ratings to Tranche 1 Sukuk Issued by...

RAM Ratings has assigned final AAA/Stable and AA2/Stable ratings to Zamarad Assets Berhad’s (the Issuer) Tranche 1 RM195.0 million Class A Sukuk and RM45.0...

Europe

UBS Tightens Coal Financing Standards & Strengthens Sustainable Investments

Swiss investment banking giant UBS revealed this week that it has decided to further tighten its standards on coal financing transactions, ruling out project-level...

EU Outlines Plans for Higher Sustainability Standards

European Commission vice president Valdis Dombrovskis has outlined plans for a new set of sustainable finance measures including plans for an EU green bond...

Middle East and North Africa

Islamic Banking Largest Sector, Contributing to 71Pc of Industry’s Assets

The global Islamic finance market is growing moderately, because of the strong investments in the Halal Sectors, infrastructure, and Sukuk bonds, especially through electronic...

STC to Establish USD5 Billion Sukuk Program

Saudi Telecom Company (STC) announced its intention to establish an international sukuk program that would include issues of up to five billion American dollars,...

North America

How North America Could Benefit from Islamic Finance with Mohamad Sawwaf

In the field of finance, some of the most popular concepts that have been around for many centuries revolve around the so-called “time value...

RBC iShares to Launch Six ETFs Focused on Socially Responsible Investments

RBC iShares, the country’s largest ETF provider, is debuting its first set of funds since Canada’s largest bank, Royal Bank of Canada, and BlackRock...

South America

Latin America Braces Itself as E-com Giant MercadoLibre Drops Crypto Payments...

While the world is looking at various means towards expanding on the potential of the blockchain and looks to incorporate it into their business,...

Venezuelan Government Supports Bitcoin and Litecoin Payments, Launches New Crypto Remittance...

As political tensions rise to all-time highs, Venezuela is launching a government-sanctioned cryptocurrency remittance service. The platform will allow users to send Bitcoin (BTC)...