IILM Successfully Issues $900m Worth of Short-Term Sukuk
The International Islamic Liquidity Management Corporation (IILM) has successfully conducted an auction for a total issuance of $900m short-term A-1 rated Sukūk in two...
PSX Holds Gong Ceremony for Listing of Energy Sukuk
The Pakistan Stock Exchange (PSX) held a gong ceremony today to mark the successful book building and listing of Power Holding Limited’s (PHL) Rs200...
Innovation is Needed in Islamic Banking
The days when Islamic banking and finance (IBF) as a sector grew exponentially at rates exceeding 20% seem to be long gone.
According to the...
NA Panel Wants Speedy Shift to Islamic Banking
A parliamentary panel on Friday constituted a special committee comprising bankers, parliamentarians, leading religious scholars and representatives from relevant ministries and the central bank...
Sukuk Markets to Benefit in 2H20 from Pandemic Stimulus Packages
The Covid-19 pandemic-induced stimulus packages are expected to set the pace of issuance of Islamic bonds or sukuk in the second half of 2020...
Swift Group Secures Financing from 3 Banks
Swift Haulage Sdn Bhd (Swift Group), an integrated logistics services provider, secured RM531 million financing facilities from three (3) banks namely AmBank Islamic Bhd,...