Companies have been raising funds through traditional methods such as IPOs (Initial Public Offering), Sukuk issuances, lending or pre-selling goods (Salam contracts) and services (Forward Ijarah). The innovation of blockchain has given rise to a new model to raise funds called Initial Coin Offering (ICO). However, due to the infancy of ICOs and the lack of information available, the Shariah compliance of ICO structuring has yet to be determined. This short treatise defines ICOs, expounds on how they function and further analyses the tokens issued through ICOS. Thereafter, a discussion on the S...

Islamic Banks’ Resilience to Systemic Risks: Myth or Reality-evidence from BangladeshGharar, Islam, Islamic banking, Maysir, Shariah, Credit Risk, Mark-Up

Fitch Rates Senaat's Upcoming Sukuk 'A(EXP)'Sukuk

Al Baraka Bank Concludes Capital Issuance via Historic First Tier 2 Capital Sukuk By A South African Bank, Raising R200 million from the retail market.  

Moody's assigns first-time A3 rating to SENAAT and (P)A3 to its Sukuk Programme; outlook stableIjara, Murabaha, Sukuk, Credit Risk

The Comparison of Sukuk and Bond Absorption; Deficit Budget Financing in IndonesiaIslam, Shariah, Sukuk

MARC Affirms AA-IS Rating on Southern Power’s Sukuk Wakalah of up to RM4.0 BillionSukuk, Wakalah

PEFINDO affirms its "idAA+" rating for PT Bank Syariah MandiriSukuk

Back in early April 2018, Saudi Arabia’s securities regulator announced that it had approved the listing of local currency government sukuk and bonds on the Saudi Stock Exchange. By October 2018, the total size of listed of Riyal-denominated government debt stood at more than the equivalent of $66 billion in the local exchange. Keep in mind that the government has raised a total of $52 billion in international notes, both Islamic and conventional, since it started tapping the international debt markets in 2016 as part of its efforts to diversify its oil-reliant economyQualified and approved fo...