DUBAI: Growth of the takaful or Islamic insurance business is slowing, industry statistics show, increasing pressure on the sector to boost efficiency, roll out new products and explore new markets.
Takaful, which has its core markets in the Gulf (...)
DUBAI: Gulf institutions plan to spur development of the Islamic finance industry by setting up a bank that would boost liquidity in Sharia-compliant markets. But the mandate of the bank is so wide that it may struggle to have an impact early (...)
DUBAI: Issuance of Islamic bonds will be stimulated by a tightening of yields versus conventional bonds as banks chase a finite amount of quality sukuk instruments, HSBC's Islamic arm Amanah said on Tuesday.
HSBC has previously forecast global (...)
DUBAI: London-based Ethical Asset Management has launched what it calls the world's first "investment sukuk", aiming to resolve a major area of controversy in Islamic finance by treating the vehicle as an equity instrument rather than as a (...)
