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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

Australian bonds rally tracking strong global debt market; investors await next week’s RBA policy meeting

The Australian government bonds rallied on the last trading day of the week, tracking firmness in the global debt market. Also, investors are eyeing the Reserve Bank of Australias (RBA) monetary policy meeting, scheduled...

FxWirePro: The Day Ahead- 28th April 2017

Lots of economic dockets and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Producer price inflation grew by 1.3 percent in the first quarter from a...

FxWirePro: Mexican Peso whipsaws on Trump comments

The Mexican peso reached its weakest point since mid-March after President Trumps commerce secretary Wilbur Ross said that the United States is imposing duties ranging from 3-24 percent on five Canadian companies that...

Central Bank of Russia likely to continue cautious monetary easing, hitting 8.50 pct by end-2017: Dankse Bank

The Central Bank of Russia (CBR) is expected to cut the key rate by 25 basis points to 9.50 percent, as does consensus, at its monetary policy meeting scheduled to be held on April 28. CBR governor Elvira Nabiullina...

US under Trump Series: US will not terminate NAFTA but renegotiate

President Donald Trump and his team decided against pulling the plug on North Atlantic Free Trade Agreement (NAFTA) after the President held two separate phone calls with the Canadian Prime Minister Justin Trudeau and the...

Politics

The Kremlin has its watchful eyes set on the French elections

The Ukrainian crisis, from the Maidan protests and the annexation of Crimea to the violent conflict in Donbass, has led to an unprecedented deterioration of relations between Russia and the West. As early as 2014, the West...

Jakarta governor election results in a victory for prejudice over pluralism

The long, divisive campaign for governorship of Indonesias capital city Jakarta is finally over, with unofficial results showing a decisive victory for the challenger Anies Baswedan over the controversial incumbent...

Ethiopia needs a multi-party democracy to end the crushing impact of corruption

A paradox has played out in Ethiopia over the last decade. While its economy has thrived, its political landscape has been overwhelmed by rampant corruption. In 2013, for example, more than 50 high profile people,...

The evolution of France's left and right politics, from the 1789 French Revolution to this year's election

France is heading to the polls on April 23 for the first round of its presidential election. This election holds particular importance for the European nation, which finds itself at a crossroads, with its whole political...

Turkey's constitutional referendum: experts express fear for a divided country

Unofficial results from Turkeys April 16 constitutional referendum show that President Recep Tayyip Erdoğan has won the right to expand presidential power. The yes campaign has won 51.37% of the votes while no has...

Science

Earth Day Protest Highlights Desperate Situation Of Science And Existing Hope

A few days ago, the world celebrated Earth Day. It was meant to be a time when humanity recognized the importance of Mother Nature, highlighting its plight in some form of solidarity. However, what ended up happening is...

Degrees of separation: companies shed degree requirements to promote merit over qualifications

At the end of 2016, the Australian Bureau of Statistics (ABS) revealed that close to two-thirds of all Australians had completed a degree or apprenticeship. The growth in the number of people attending a university or...

Death metal: how nickel played a role in the world's worst mass extinction

Around 250 million years ago, life on Earth nearly came to an end, in a mass extinction between the Permian and Triassic periods known as the Great Dying. Some 90% of the species in the oceans and 70% of vertebrate...

Proof: Saturn moon Enceladus is able to host life – it's time for a new mission

Ever since studies started suggesting that chemical reactions between water and rock on Saturns moon Enceladus could provide enough energy in the water to feed microbial life, scientists have been searching for proof that...

"Pathogen hunters": citizen scientists track plant diseases to save species

Plant diseases threaten food security and sustainability. They affect ecosystems and change natural environments. They cost money, too. An enormous amount is spent globally each year to control these diseases; the damage...

Technology

Facebook Finally Admits Allowing Malicious Propaganda And It's Not Their Problem

Whatever Mark Zuckerberg and his team of PR professionals might have said in the past, theres a clear correlation between Facebooks lax stance on misinformation and the impact of fake news on society. It would seem that...

Uber Self-Driving Car Head Forced To Step Aside Amid Waymo Lawsuit

With so many fires that it needs to put it, it would seem that Uber finally realized that it cant keep operating as if nothing is happening if it wants to survive. To this end, an email from the cab-hailing firm confirmed...

Every picture tells a story, but visualisation can tell the right one

They say a picture is worth a thousand words. But how much data can a picture capture? Or, more interestingly, how can a picture tell a story thats hiding in data? Our eyes can process vast amounts of information...

We must plan the driverless city to avoid being hostage to the technology revolution

Trials of autonomous cars and buses have begun on the streets of Australian cities. Communications companies are moving to deploy the lasers, cameras and centimetre-perfect GPS that will enable a vehicle to navigate the...

Traditional Burial Practices Harms The Environment, Humans Cause Damages Even In Death

In yet another addition to the mounting evidence against humans as destructive forces on the planet, scientists recently found that even in death, people still cause harm to the environment. Traditional practices of...
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Fintech Week Chicago

April 28 06:00 UTC Released

ZAPvt Sector Credit Ext.*

Actual

4.95 %

Forecast

Previous

5.26 %

April 28 06:00 UTC Released

ZAM3 Money Supply YY*

Actual

5.62 %

Forecast

Previous

6.63 %

April 28 06:45 UTC 3232m

FRPvt Sector Credit Ext.*

Actual

Forecast

1.4 %

Previous

1.4 %

April 28 06:45 UTC 3232m

TRCPI (EU Norm) Prelim YY

Actual

Forecast

1.4 %

Previous

1.4 %

April 28 06:45 UTC 3232m

TRProducer Prices MM

Actual

Forecast

Previous

-0.2 %

April 28 06:45 UTC 3232m

FRConsumer Spending MM

Actual

Forecast

0.5 %

Previous

-0.8 %

April 28 06:45 UTC 3232m

FRProducer Prices MM

Actual

Forecast

Previous

-0.2 %

April 28 07:00 UTC 4747m

TRCPI (EU Norm) Prelim YY

Actual

Forecast

Previous

-3.69 %

April 28 07:30 UTC 7777m

TRProducer Prices MM

Actual

Forecast

Previous

8.00 %

April 28 07:30 UTC 7777m

EZInfl Fcast Curr Yr*

Actual

Forecast

Previous

8.00 %

Fintech Week Chicago
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