Mitigating the Effect of Covid-19 on the Society Through the Islamic Social FinanceArif, Islam, Islamic banking, Ummah, Waqf, Zakat, Provision

Comparative Study: Conventional and Islamic Banking Performance in PakistanIslamic banking, Shariah

Islamic Banking Competitiveness in Indonesia Islamic banking, Shariah

Managing the Agricultural Sector Through Muzara’ah: Implementing an Islamic Economic Participatory Mode of FinancingFiqh, Gharar, Islam, Islamic banking, Mudaraba, Musaqah, PLS, Riba, Participation

Commercialising Muzara’a Model Contract Through Islamic Finance to Help Malaysian AboriginesReserves

A virtual session from the Shariah Investing Dialogue 2021 was held on the 24th of March 2021, with the theme centered around Sustainable and Responsible Investing (SRI) encapsulating the Maqasid al-Shariah. The discussion looked at the commonalities between SRI investing and the Maqasid al-Shariah, with ideas on meeting the growing demand for Shariah-compliant investment products in such a way so as to provide investment avenues for all types of investors. From a Malaysian perspective, focus remained on the role of the Islamic financial system in supporting Shariah-compliant SRI as a much-nee...

The Nature of Crypto-assetsMy personal view regarding crypto-assets is that many can be deemed digital assets, whilst some have the potential to be even recognised as a medium of exchange for their specific networks only. To deny the existence of crypto-assets is clearly inaccurate; existence in a digital network cannot be quantified nor qualified with the same metrics as that of physical entities. Classical Islamic scholars frequently evaluated the nature of things by analysing the after-effects and outcomes of that thing. This enhanced the understanding of the reality of that thing before...

Malaysian Rating Corporation (MARC) has assigned Putrajaya Holdings’ (PJH) proposed MYR 1 billion Sukuk Wakalah Programme, with a tenure of 20 years, with an AAAIS rating with a Stable Outlook. At the same time, the rating agency has affirmed its AAAIS ratings on PJH’s existing issuances, including an MYR 370 million Sukuk Musharakah Programme due in 2030, an MYR 3 billion Sukuk Musharakah Programme due in 2032, as well as an MYR 1.5 billion Sukuk Musharakah Medium-Term Notes (MTN) Programme, due in 2033, all with a Stable Outl...

Fitch Ratings (Fitch) has affirmed the Long-Term Foreign-Currency Issuer Default Rating (IDR) for Indonesia at BBB with a Stable outlook.  Ratings and Outlook Rationale  Indonesia’s economy is recovering from COVID-19, supported by government stimulus spending and net exports, including those from better commodity prices. Growth momentum should be aided in the near term by fiscal relief measures and infrastructure spending; however, downside risk persists from weak domestic demand as COVID-19 continues. Vaccinations commenced in January 2021, with h...

Proceeds from the sale of Indonesia’s Government Retail Sukuk Series SR-014, offered by the Ministry of Finance, via the Directorate General of Financing and Risk Management (DJPPR), between the 26th of February 2021 and the 17th of March 2021 reached IDR 16.705 trillion. The sale exceeded the issuance target of IDR 10 trillion, and was oversubscribed by 1.67x.   Why it matters?  The issuance of SR-014 is part of the Government’s efforts to strengthen the domestic financial market and expand the domestic investor base, particularly that of retail i...