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In this series, we aim to provide the latest news from the Islamic Financial Sector: from emerging Islamic economies across Africa and Asia to industry leaders such as Malaysia and the GCC along with developed nations in Europe and the Americas seeking to enter the sector.

Islamic Finance Series

Islamic fintech startup Yielders gets UK’s regulatory approval

Apr 11, 2017 10:24 am UTC| Fintech

London-based fintech startup Yielders has become the first Islamic financial firm to gain UKs regulatory approval, Reuters reported. Yielders is an equity-based crowdfunding platform for the UK property investment. The...

Islamic Finance Series

Moody's: Prospects remain robust for Islamic finance despite subdued sukuk issuance

Sep 21, 2016 00:44 am UTC| Research & Analysis

New sukuk issuance continues to remain subdued in 2016, but growth prospects for the Islamic finance sector are still strong, says Moodys Investors Service in a report published today. Growth in the Islamic banking...

Islamic Finance Series

Is Islamic banking more risky compared to conventional banking?

Jul 28, 2016 02:30 am UTC| Insights & Views Business

Islamic banks are less risky and more resilient than their counter parts in terms of bank capital requirement and mobilisation of deposits. Somewhat perversely, the global financial crisis presented a big opportunity to...

Islamic Finance Series

Islamic mutual fund increases social impact with trade finance investments

Feb 23, 2016 14:54 pm UTC| Business

FALLS CHURCH, VA., Feb. 23, 2016 -- Azzad Asset Management today announced that it has further magnified the social impact of its flagship mutual fund by adding investments in ethical trade finance deals. These...

Islamic Finance Series

Fitch: Islamic Finance in Malaysia: An Evolved Sector

Feb 18, 2016 02:02 am UTC| Research & Analysis

Malaysia is leading the global Islamic finance industry in terms of regulation, standardisation and sukuk issuance, representing more than half of issuance worldwide in 2015, Fitch Ratings says in a new...

Islamic Finance Series

Moody's changes Malaysia's Macro Profile to Strong- from Strong; BCAs of 12 Malaysian financial institutions remain unchanged

Jan 29, 2016 08:51 am UTC| Research & Analysis

Moodys changed the Macro Profile for Malaysia to "Strong-" from "Strong", to reflect the deteriorating operating environment for the Malaysian banks, in particular in the countrys heightened external vulnerabilities given...

Islamic Finance Series

Moody's: Outlook for Malaysian banking system stable, despite challenging operating environment

May 26, 2015 08:24 am UTC| Research & Analysis

Moodys Investors Service says that the outlook for the Malaysian banking system is stable over the next 12-18 months. Moodys has maintained a stable outlook on this system since May 2013. "The key drivers of our stable...

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Economy

U.S. Treasuries jump ahead of Jackson Hole Symposium, FOMC Kaplan’s speech

The U.S. Treasuries jumped Wednesday as investors wait to watch the Federal Open Market Committee (FOMC) member Kaplans speech, scheduled to be held today by 13:05GMT. Also, markets remain focussed to observe the speeches...

UK gilts continue to remain flat ahead of Q2 GDP

The UK gilts traded flat as investors wait to watch the countrys second-quarter gross domestic product, due to be released on August 24 by 08:30GMT. The yield on the benchmark 10-year gilts, hovered around 1.08 percent,...

German bonds slump after manufacturing PMI surges in August; Q2 GDP in focus

The German government bonds slumped Tuesday after the countrys manufacturing PMI surged during the month of August. Also, investors remained focussed to read the countrys second-quarter gross domestic product, scheduled to...

Global economic growth likely to maintain recent pace, support Australian economy: St George Economics

The Australian economy has enjoyed 25-1/2 years of economic growth without a recession. It is an impressive achievement, with Australia having overtaken the Netherlands previous record for the longest stretch of economic...

Japan manufacturing PMI improves to 3-month high in August

Today sees the latest public release of the Nikkei Flash Japan Manufacturing Purchasing Managers Index (PMI). Published on a monthly basis approximately one week before final PMI data are released, this makes the PMI the...

Politics

A major uprising in Jerusalem and beyond is just a few missteps away

The last thing the Middle East needs is a major conflagration in Israel-Palestine but a summer crisis in Jerusalem made it clear that in the right circumstances, it really could happen. The crisis began in the early...

Charlottesville, Virginia: the history of the statue at the centre of violent unrest

The violent scenes in Charlottesville, Virginia, that led to the death of one woman and left many more injured began as a dispute over a statue of General Robert E. Lee, which sits in a local public park. However, the...

Charlottesville, Donald Trump, and the dark side of American populism

Charlottesville, Virginia is home to the University of Virginia, founded by Thomas Jefferson; he was a slave owner, but today stands as a symbol of the USs egalitarian ethos and political myth. But on August 12, some seven...

Is liking something on Facebook 'protected political speech'? It depends

Australians are often surprised to learn that their Constitution contains no right to free speech. Even the right to political speech, which is constitutionally implied, is increasingly complicated by new online platforms...

Why the withering nuclear power industry threatens US national security

These are tough times for nuclear power in the U.S. Power plants under construction are facing serious delays, halts and cost overruns. Utilities in South Carolina abandoned a project to complete construction of two power...

Science

Scientists Advance 3D-Printed Living Tissue, Artificial Organ Creation

When most people think of 3D-printing, they imagine plastic or metal objects such as furniture or machine parts. However, scientists have been working on printing living tissue as well, which would allow scientists to...

Eclipse of reason: Why do people disbelieve scientists?

If youve been paying attention, you know that on Aug. 21, were in for a special cosmic treat: the Great American Eclipse of 2017. The moons shadow will track a 4,000-kilometre course across the continental United States...

Hackers Spread Malware Via DNA, Could Destroy Police Computer Networks

Scientists and engineers have been pushing the digital frontier for decades and they have just pushed the boundaries towards new territory. Encoding a malware in DNA, scientists were able to infect computers that tried to...

Scientists Discover New Type Of Brain Cells That Could Lead To Hyperintelligence

While tech revolutionaries like Elon Musk prefer to merge man with machine in order to make humans smarter, stronger, and better, others prefer a more biological approach. A team of scientists recently discovered new types...

Expert Warns Of CRISPR Causing Class Warfare

Humanity is living in an interesting age, where scientists can finally start manipulating the human genome in ways that were not possible before due to CRISPR. Many have even hypothesized that through these amazing...

Technology

AI’s Music Album Released With Song Lyrics From YouTuber

For some time now, artificial intelligence and machine learning have been the subject of intense debate and speculation as to what they are capable of. Recently, an album was released with the music created completely by...

BioShock 10th Anniversary Collector’s Edition Is Coming, It Costs $200

BioWare is about to give collectors who are fans of the BioShock franchise a treat come November when its BioShock 10th Anniversary Collectors Edition package arrives. Its a limited offer that comes with a BioShock: The...

Shenmue 3 Trailer Finally Released, Tempering Expectations Advised

The action RPG Shenmue franchise has had a cult following since its launch in earlier console generations. Since then, the third title has had to be crowdfunded, with expectations for the end result being high. A trailer...

HTC Vive Gets $200 Cheaper Following Similar Oculus Rift Tactic

Last month, Oculus decided to slash the price of its high-end virtual reality headset, the Rift in order to make it more appealing to mass consumers. This time, its HTCs turn to make its incredibly expensive Vive unit...

Xbox One X Project Scorpio Edition Sold Out In All Stores

During the 2017 Gamescom event on Sunday, Microsoft finally launched pre-orders for the special edition of its upcoming super-powered console the Xbox One X called the Xbox One X Project Scorpio. The name is obviously an...
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August 23 15:30 UTC Released

BRForeign Exchange Flows*

Actual

3.435 Bln USD

Forecast

Previous

2.528 Bln USD

August 23 14:00 UTC Released

USNew Home Sales Chg MM*

Actual

-9.4 %

Forecast

0.3 %

Previous

0.8 %

August 23 23:50 UTC 488488m

JPForeign Bond Investment

Actual

Forecast

Previous

-145.5 bln JPY

August 23 23:50 UTC 488488m

JPForeign Invest JP Stock

Actual

Forecast

Previous

-302.5 bln JPY

August 24 00:00 UTC 498498m

ARTrade Balance*

Actual

Forecast

-495 mln $

Previous

-748 mln $

August 24 06:45 UTC 903903m

FRBusiness Climate

Actual

Forecast

108 %

Previous

109 %

August 24 08:30 UTC 10081008m

GBGDP 2nd Release QQ

Actual

Forecast

0.3 %

Previous

0.3 %

August 24 08:30 UTC 10081008m

GBGDP 2nd Release YY

Actual

Forecast

1.7 %

Previous

1.7 %

August 24 08:30 UTC 10081008m

GBBusiness Invest QQ Prelim

Actual

Forecast

0.4 %

Previous

0.6 %

August 24 08:30 UTC 10081008m

GBBusiness Invest YY Prelim

Actual

Forecast

0.5 %

Previous

0.7 %

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