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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

Oil Prices Surge Over 3% as Middle East Conflict Raises Supply Fears

Oil prices climbed sharply during Asian trading on Thursday as escalating tensions in the Middle East fueled concerns about potential disruptions to global crude oil supply. The conflict has now entered its sixth day with...

Japan’s Rengo Unions Seek Nearly 6% Wage Increase in 2026 Labor Talks

Japans largest labor union federation, Rengo, announced that its member unions are seeking an average wage increase of 5.94% in the 2026 annual labor negotiations, highlighting continued momentum in wage growth as...

China Unveils New Five-Year Plan Focused on Tech Power, Economic Growth, and National Security

Chinas political leadership gathered in Beijing as President Xi Jinping introduced a new strategic roadmap for the countrys economic and political direction during the annual National Peoples Congress (NPC). The meeting,...

Asian Stocks Rebound as KOSPI Surges, China Signals Stimulus Amid Global Tensions

Asian stock markets rebounded sharply on Thursday, with South Koreas KOSPI leading gains as bargain hunters returned to equities following heavy losses earlier in the week. Positive momentum from Wall Street and selective...

Trump Praises Delcy Rodríguez as Venezuela Oil Exports Resume

U.S. President Donald Trump said Wednesday that Venezuelan acting President Delcy Rodríguez is doing an excellent job as Venezuela begins restoring its oil flow, signaling improving cooperation between Washington...

Politics

Chinese Air Force Activity Near Taiwan Drops Sharply Amid Possible Strategic Shift

Chinese air force activity around Taiwan has dropped significantly in recent weeks, marking an unusual pause in what had previously been near-daily military operations. According to Taiwan government data compiled by the...

Young Trump Voters Divided After U.S. Strike on Iran and Death of Ayatollah Khamenei

Young voters who supported Donald Trump in the 2024 U.S. presidential election are expressing mixed reactions following the recent U.S. strike on Iran that reportedly resulted in the death of Iranian Supreme Leader...

Brazil Senate Approves Mercosur–EU Trade Agreement After Decades of Negotiations

Brazilian lawmakers have officially approved the long-awaited free trade agreement between the South American trade bloc Mercosur and the European Union, marking a major milestone after more than 20 years of negotiations....

Rubio, Saudi Foreign Minister Discuss Iran Threats and U.S. Embassy Riyadh Attack

U.S. Secretary of State Marco Rubio held a phone call with Saudi Foreign Minister Prince Faisal bin Farhan on Wednesday to discuss rising concerns about Irans role in regional instability and other key developments in the...

U.S. Pledges Support to Turkey After Iranian Missile Threat

U.S. Secretary of State Marco Rubio reaffirmed Washingtons strong support for Turkey following a missile threat linked to Iran, according to a statement from the U.S. State Department. Rubio spoke with Turkish Foreign...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Indonesia Issues Stern Warning to Meta Over Online Gambling and Disinformation

Indonesias communications ministry has issued a stern warning to Meta Platforms Inc. over what it describes as insufficient action against the spread of online gambling, disinformation, and harmful content across its...

Big Tech Signs White House Pledge to Fund Power for AI Data Centers

Major technology companies including Google, Microsoft, Meta, and Amazon signed a new agreement at the White House committing to fund additional electricity generation for their rapidly expanding data centers. The...

OpenAI Explores Partnership With The Trade Desk to Expand ChatGPT Advertising

OpenAI has reportedly begun early discussions with advertising technology company The Trade Desk (NASDAQ: TTD) as it explores ways to expand advertising capabilities on its popular ChatGPT platform. According to a report...

Iran Crisis Could Threaten AI Data Center Expansion and Global Chip Demand, South Korea Warns

South Koreas semiconductor industry is raising concerns that an extended geopolitical crisis involving Iran could slow the rapid expansion of artificial intelligence (AI) data centers in the Middle East, potentially...

US Lawmakers Raise Security Concerns Over Intel Testing ACM Research Chipmaking Tools

A bipartisan group of U.S. lawmakers has raised national security concerns regarding Intels testing of semiconductor manufacturing equipment produced by ACM Research, according to a report by Reuters. The concerns were...
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