I recently met with some Islamic banking and finance practitioners who had questions about the Islamic Reporting Initiative and future standards issued by IRI. Their questions were relevant, and I want to share some information to promote awareness. The IRI is currently drafting the world’s first mainstream reporting standard for Corporate Sustainability and Social Responsibility (CSR) based on Islamic values and principles. The motto and driving philosophy of IRI founder Daan Elffers is that “if you don’t measure something, you can’t manage it.” I want to emphasize that IRI collaborates indus...

IILM Short Term Sukuk Key Fact Sheet - September 2018

“We need the money, now, brother,” I was told. A masjid was being expanded, and the community had apparently gone beyond its means in doing so. Donations had slowed. Was it too late for bank financing? Would construction have to stop? This statement had came in reply to a suggestion: "Why not take the land you have, gather investors, and build a small commercial retail space – a grocer, a donut shop, and maybe pizza? Drop those assets into a trust of some kind and some of the income generated could be earmarked to support the masjid long term?" But the community now had to ma...

ADIB Capital Invest 2 Ltd Sukuk (Abu Dhabi Islamic Bank) USD 750 Million - ProspectusFatwa, Fiqh, Ijara, Islamic banking, Mudaraba, Mudarib, Murabaha, Shariah, Sukuk, Takaful, Wakalah, Zakat, Usufruct, Credit Risk, Financing Assets, Investment Assets, Mark-Up, Net Assets, Participation, Provision, Receivables, Reserves, Sales

10 years after Lehman, only a slim majority trust the financial services industry. Rebuilding trust takes transparency, accountability and a focus on the real economy which should be good news for Islamic finance The Global Financial Crisis was a decade ago. The global economy has recovered from the crisis with economic output higher and many investment products doing well.  But to many people, it doesn’t feel like a success and the financial industry has not regained the trust of the public. One of the critical ingredients needed is to break a cycle of distrust by promoting more transpar...

Moody's: Islamic Finance Poised to Expand in Africa, as Financing Needs IncreaseIslamic banking, Sukuk, Credit Risk

The Influence of Company Performance to the Total Financing Provided by a Syariah Bank in IndonesiaIslamic banking

Islamic finance series: ‘Introduction to Islamic finance’. Faizal Karbani, founder and chief executive of Simply Ethical, a financial services firm focusing on the provision of sharia-compliant products, speaks to Marcin Stepan from OMFIF. This episode gives an overview of the Islamic finance market, taking into account its growth and development across the globe in recent decades. The discussion focuses on the principles behind Islamic finance, the key drivers of growth, Islamic banking models, the increased popularity of sukuk and the impact of technological innovation. 

The most important purpose of this study was to gain the challenges and opportunity that are facing Islamic banking in Somalia. The methods and procedures used in gathering data was primary and secondary data. Document review questions and personal interviews were used to gather data for the study. Research papers on Islamic banking, textbooks, magazines, and websites were used to analyze information for the purpose. Islamic banking, Murabaha

The global Muslim population is growing at a rate of 3% per annum with an approximate total of 1.8 billion Muslims. This number will go up to 2.2 billion by 2030. Meanwhile, the trend of globalisation has become a giant pillar for economies and industries. This is supported by the existence of each Muslim in every corner of the world from East to West. On the other hand, cultural globalisation among religions, ethnicities, and countries is also a noteworthy phenomenon in terms of the global halal industry’s perspective.These facts and figures have set the stage for greater opportunit...