Islamic Finance News

Don't miss the expert roundtable on technology integrations shaping Islamic asset management at IFN Investor Middle East Forum. A must-attend session for industry professionals. https://lnkd.in/dyXQ58HF #IFNInvestor #MiddleEastForum #REDmoney #IFN #IslamicFinance #Finance #Dubai

We are pleased to welcome zakaria karkouri, Executive Director - Structuring and Product Development, First Abu Dhabi Bank (FAB) to the speaker line-up for the IFN Investor Middle East Forum 2024. FREE registrations now open: https://lnkd.in/dyXQ58HF #IFNInvestorMiddleEastForum2024 #REDmoneyEvents #REDMoney #IFN #Finance #IslamicFinance #Dubai #FAB

We are pleased to welcome Razvan Dumitrescu, Sustainable Finance Director, Emirates NBD Capital to the speaker line-up for the IFN Investor Middle East Forum 2024. FREE registrations now open: https://lnkd.in/dyXQ58HF #IFNInvestorMiddleEastForum2024 #REDmoneyEvents #REDMoney #IFN #Finance #IslamicFinance #Dubai #EmiratesNBDCapital

Vennre, a digital platform specializing in selected private market investments and headquartered in the UK, has affirmed its commitment to ethical and Islamic financial principles with its latest move: enlisting Shariyah Review Bureau (SRB) as its Shariah advisor. Initially focusing on private equity real estate, Vennre broadened its scope to encompass private market investments, such as real estate, private equity, private credit and venture capital, that are traditionally unavailable or inaccessible to professionals across the Middle East and other regions. https://lnkd.in/gDRR2qb2 #REDmoney #IFN #IslamicFinance #Finance  #ShariahCompliance #Fintech #PrivateMarketInvestments #AlternativeInvestments #GlobalMarket #FinancialRegulation #SRB #Wahed #Niyah #Vennre #Mnaara #UK

IsDB announces the winner of the Outstanding Contribution to Intra-OIC Trade Development: Foreign Trade Training Centre (FTTC) ITFC has awarded the Foreign Trade Training Centre (FTTC) the "Outstanding Contribution to Intra-OIC Trade Development" award. This recognizes the FTTC's dedication to boosting Egypt's global trade position and its successful partnership with ITFC. Founded by the Egyptian Ministry of Trade & Industry, the FTTC plays a vital role in developing export professionals, strengthening trade ties within the OIC. Through ITFC-supported programs like TREE and STEP, the FTTC has trained hundreds of new exporters and entrepreneurs, contributing to Egypt's goal of reaching USD 100 billion in exports within five years. https://lnkd.in/gcyWH7uK #PSFAwards #PrivateSectorForumAwards #IsDBGroup #ICIEC #ICD #ITFC #ShariahCompliant #TradeFinance #PrivateSectorDevelopment #FinancialInnovation #IslamicFinance #FinanceAwards #IndustryRecognition #InnovationAwards

IsDB announces the winner of the Trade Finance Deal of the Year: Turk Eximbank ITFC has awarded Türk Eximbank the "Trade Finance Deal of the Year" award. This recognizes their long-standing partnership and Türk Eximbank's key role in expanding ITFC's private sector initiatives in Turkey. Since 2009, ITFC has provided Türk Eximbank with approximately US$3.5 billion in financing, with an impressive US$3.2 billion mobilized from external sources. This collaborative effort has significantly impacted Turkey's trade landscape, with a particular focus on SMEs and the textile sector. https://lnkd.in/gcyWH7uK #PSFAwards #PrivateSectorForumAwards #IsDBGroup #ICIEC #ICD #ITFC #ShariahCompliant #TradeFinance #PrivateSectorDevelopment #FinancialInnovation #IslamicFinance #FinanceAwards #IndustryRecognition #InnovationAwards

IsDB announces the winner of the Most Impactful ICD Investee Company of the Year: Tunisia’s Wifak Bank Tunisia’s Wifak Bank made the transition a fully-fledged Shariah compliant bank in 2016, while the ICD participated in the capital increase reserved for strategic partners including the Tunisian sovereign wealth fund and other Tunisian investors. In line with ISO 26000 standards, Wifak is quantifying its carbon footprint and is attempting to reduce it while also making progress on SDGs 5, 8, 9, and 17. Wifak’s Fitch rating outpaces the sovereign rating as it provides 55,000 individuals/SMEs with access to financial resources and employed over 300 local talents while collaborating with a fintech company to introduce digital payments. https://lnkd.in/gcyWH7uK #PSFAwards #PrivateSectorForumAwards #IsDBGroup #ICIEC #ICD #ITFC #ShariahCompliant #TradeFinance #PrivateSectorDevelopment #FinancialInnovation #IslamicFinance #FinanceAwards #IndustryRecognition #InnovationAwards

IsDB announces the winner of the Most Impactful Islamic Financial Institution of the Year: Kazakhstan’s JSC Leasing Group ICD issued last year a Tenge-denominated sukuk which was rated “A+” by Fitch. With a size of KZT 2 billion, this is the first sukuk in the national currency of one of the Commonwealth of Independent States (CIS). The sukuk proceeds were used to support Kazakhstan's JSC Leasing Group’s on-lending activities. The ultimate beneficiaries are mostly small and medium-sized enterprises. With the volatility in currency markets representing a major risk for companies with revenues in local currency, ICD provided a local currency financing solution to Leasing Group. Leasing Group is listed on the Kazakhstan Stock Exchange. https://lnkd.in/gcyWH7uK #PSFAwards #PrivateSectorForumAwards #IsDBGroup #ICIEC #ICD #ITFC #ShariahCompliant #TradeFinance #PrivateSectorDevelopment #FinancialInnovation #IslamicFinance #FinanceAwards #IndustryRecognition #InnovationAwards

IsDB announces the winner of the Most Innovative Investment Development Initiative of the Year: African Development Bank (AfDB) The ICIEC has signed a risk-sharing engagement arrangement with African Development Bank (AfDB) to support financing dedicated to ESG projects in Côte d’Ivoire the Ivory Coast. The ICIEC has provided an insurance capacity of EUR194 million (US$210.13 million), backstopping the EUR400 million (US$433.25 million) partial credit guarantee (PRGPCG) issued by the AfDB against the non-payment risk associated with a facility of EUR533 million (US$577.31 million) extended by Standard Chartered Bank to the government of the Côte d’IvoireIvory Coast. https://lnkd.in/gcyWH7uK #PSFAwards #PrivateSectorForumAwards #IsDBGroup #ICIEC #ICD #ITFC #ShariahCompliant #TradeFinance #PrivateSectorDevelopment #FinancialInnovation #IslamicFinance #FinanceAwards #IndustryRecognition #InnovationAwards

IsDB announces the winner of the Export Credit Agency of the Year: Kazakh Export The ICIEC cooperated with Kazakh Export, for the export of locomotives to Azerbaijan Railways by providing insurance support for a US$29.8 million lease finance facility of 10 ‘Evolution – Type’ diesel locomotives to Azerbaijan Railways for 10 years, while supporting intra-OIC trade and meets SDG 9 of the UN. https://lnkd.in/gcyWH7uK #PSFAwards #PrivateSectorForumAwards #IsDBGroup #ICIEC #ICD #ITFC #ShariahCompliant #TradeFinance #PrivateSectorDevelopment #FinancialInnovation #IslamicFinance #FinanceAwards #IndustryRecognition #InnovationAwards