High Taxes to Stymie Sukuk Market in Corporate Sector
High taxes on asset transfers act as the main obstacle to creating a vibrant Sukuk market in the corporate sector, according to market intermediaries.
Sukuk...
Tk 8,000cr Islamic Bond for Safe Water Supply
Bangladesh Bank will issue a sukuk next week, the first of its kind in Bangladesh, to raise Tk 8,000 crore for the implementation of...
Cagamas Issues 11.7 Billion Ringgit of Bonds, Sukuk in 2020
Cagamas, the national mortgage corporation of Malaysia, announced its latest bond issuance of 450 million ringgit (US$111.3 million), comprising 50-million-ringgit 2-year Islamic medium-term notes...
Bank Islam Named Malaysia’s Strongest Islamic Bank
Bank Islam Malaysia Bhd has been named as Malaysia's strongest Islamic retail bank for 2020 by Cambridge International Financial Advisory (Cambridge IFA) at the...
DomaCom Partners for Sharia-Compliant Home Loans
Fractional property investor DomaCom and Islamic wealth firm Crescent Group have entered a partnership to offer a new home finance product aimed at 700,000...
Indonesia’s 2020 Islamic Fintech Financing Just Below Forecast, Industry Body Upbeat...
Financing distributed by Indonesia’s Islamic fintechs reached 1.75 trillion rupiah ($124.2 million) in 2020, below the 2-3 trillion rupiah forecasted pre-pandemic by the Indonesia...