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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...

1 

Economy

UK gilts slump after wage growth remains upbeat in August; investors await September retail sales

The UK gilts slumped Wednesday after the countrys wage growth remained upbeat during the month of August, adding to riskier sentiments among the investors. Further, investors now wait to watch the countrys retail sales for...

FxWirePro: UK unemployment report preview

The UK continues to suffer political trouble since the last election, where Prime Minister Theresa Mays Conservative Party fell short of an outright majority in the Parliament and is being forced to govern a minority...

EUR/PLN likely to witness further downside over near-term, says Commerzbank

The EUR/PLN currency pair is expected to witness further downside risks over the near-term, driven by concerns about accelerating inflation and possible rate hikes next year, according to the latest report from...

New Zealand bonds jump at close after dairy prices decline for second straight month

The New Zealand bonds jumped at the time of closing Wednesday after Global dairy prices slumped for the second time in a row at an auction held early on Wednesday, suggesting an earlier rally was running out of steam....

FxWirePro: The Day Ahead- 18th October 2017

Not many economic data and events scheduled for today but some with high volatility risks associated. Upcoming: Eurozone: ECB President Mario Draghi is set to deliver a speech at 8:10 GMT. August construction...

Politics

As China prepares for its Communist Party congress, what will it mean for the rest of the world?

Of Chinese President Xi Jinpings many achievements in his time in office about which much will be made in the official propaganda one of the most surprising was the more confident and assertive approach to foreign policy...

Las Vegas: the US is racked with impossible divisions over rights and freedoms

In the immediate aftermath of the October 2 Las Vegas massacre the USs 273rd mass shooting in 2017 alone it seems neither President Donald Trump nor his Republican colleagues will entertain a review of current gun...

Trump speaks at the UN: 5 takeaways

It is a short distance from Trump Tower on Fifth Avenue to the United Nations headquarters on First Avenue, but these are different worlds. Donald Trumps native world is one of unilateralism and competition, with more than...

Angela Merkel wins a fourth term in office – but it won't be an easy one

Angela Merkel will continue as chancellor of Germany. But following an election that saw the rise of smaller parties most notably the far right her fourth term will probably be an eventful one in ways she would not wish...

US under Trump Series: President Trump signs new travel ban with additional countries as old one expires

President Trump has signed a new executive order travel ban that was first initiated on the very first week after his inauguration and created quite a furore not only within the United States but around the world too. The...

Science

New Treatment For Blindness Gets FDA Panel Recommendation, First Of Its Kind

Providing hope to thousands of people suffering from hereditary blindness, advisers for the US Food and Drug Administration just gave a critical recommendation to a new type of treatment. Using gene therapy, the treatment...

VP Mike Pence Heads NASA’s Revived Moon Council, SpaceX To Do The Heavy Lifting

After months of hinting that a Lunar mission is in the works, US vice-president Mike Pence announced via The Wall Street Journal op-ed that NASA would be sending humans to the moon. The article was published just before...

Scientists Makes Hydrogen Fuel Production Cheaper With Seawater And New Nanomaterial

Solar and wind energy might be the renewable resources that are growing in popularity, but hydrogen fuel has proven to be incredibly reliable and powerful as well. Now, a University of Central Florida (UCF) scientist has...

Ikea Now Has Indoor Vertical Farm, Huge Potential For Solar Partnership

With the worlds climate constantly becoming hotter by the year, industries such as farming are going to experience massive problems such as drought and daylight heat thats too much for plants to handle. Thats why products...

Genome editing of human embryos broadens ethics discussions

For several years, scientists have experimented on human embryos with a powerful genome editing tool called CRISPR to see if they could correct genetic errors or reduce the risk of disease. In September, Kathy Niakan at...

Technology

EA Axes Yet Another Studio, Shuts Down Dead Space Developer

Entertainment Arts (EA) has earned a reputation for buying video game studios and ruining them, and it seems it has done it again. This time, the victim is Visceral Games, the studio behind the Dead Space series. EA just...

Google AI Creates Better AI Than What Humans Can Develop

Just to prove that practically no one is safe from being replaced by robots, Google recently revealed that its AutoML project has created another artificial intelligence thats even better than what humans can make. The...

CD Projekt Red Addresses Ex-Employee Complaints Alleging Mistreatment Of Workers

The Polish video game company CD Projekt Red is known for running the digital distribution platform GOG.com and producing the massively popular The Witcher franchise. However, rumors of poor working conditions and...

Google Photos Can Now Recognize Pets, Much Better For Sorting

Tech companies have been able to recognize humans faces for years but now, Google just revealed that it can now recognize pets. Through Google Photos, pictures of pets can automatically be tagged as either dog or cat and...

Netflix Revenue Could Exceed $11B, To Spend $8B On Original Content In 2018

The movie streaming mega giant Netflix is on track to exceed expectations with regards to its revenue by racking up $11 billion. This is largely being attributed to the growth of faster internet access and the spread of...
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October 18 23:50 UTC Released

JPTrade Balance Total Yen*

Actual

670.2 Bln JPY

Forecast

559.8 Bln JPY

Previous

113.6 Bln JPY

October 18 23:50 UTC Released

JPImports YY*

Actual

12 %

Forecast

15.0 %

Previous

15.2 %

October 19 00:00 UTC 88m

KRBank of Korea Base Rate*

Actual

Forecast

Previous

1.25 %

October 19 00:00 UTC 88m

ID7-Day Reverse Repo*

Actual

Forecast

4.25 %

Previous

4.25 %

October 19 00:00 UTC 88m

IDDeposit Facility Rate*

Actual

Forecast

3.50 %

Previous

3.5 %

October 19 00:00 UTC 88m

IDLending Facility Rate*

Actual

Forecast

5.00 %

Previous

5 %

October 19 00:30 UTC 3838m

AUEmployment*

Actual

Forecast

15.0 k

Previous

54.2 k

October 19 00:30 UTC 3838m

AUFull Time Employment*

Actual

Forecast

Previous

40.1 k

October 19 00:30 UTC 3838m

AUParticipation Rate*

Actual

Forecast

65.2 %

Previous

65.3 %

October 19 00:30 UTC 3838m

AUUnemployment Rate*

Actual

Forecast

5.6 %

Previous

5.6 %

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