Edition:
United States

Bernardo Vizcaino

Saudi Arabia-based ICD looks to deepen sukuk markets - new CEO

Nov 13 2018

Nov 13 The Saudi Arabia-based Islamic Corporation for the Development of the Private Sector (ICD) hopes to expand its capital market activities and attract new corporates to issue sukuk, or Islamic bonds, its chief executive told Reuters.

Swiss cryptocurrency firm X8 obtains Islamic finance certification

Nov 11 2018

Nov 12 Switzerland-based financial technology firm X8 AG has obtained certification from Islamic scholars for its digital currency, with plans to expand its business in the Middle East, a senior executive said on Monday.

Islamic bonds look to tap social finance, blockchain tools

Oct 24 2018

Plans to design Islamic bonds, or sukuk, linked to socially-conscious finance could help mobilise large pools of assets across the Muslim world and increase the impact of Islamic finance, industry experts said on Wednesday.

Islamic bonds look to tap social finance, blockchain tools

Oct 24 2018

Oct 24 Plans to design Islamic bonds, or sukuk, linked to socially-conscious finance could help mobilise large pools of assets across the Muslim world and increase the impact of Islamic finance, industry experts said on Wednesday.

Islamic robo-adviser to expand in Gulf, Southeast Asia by 2019

Oct 24 2018

New York-based Wahed Invest plans to offer its automated investment service in the Middle East and Southeast Asia by early next year, after the robo-adviser closed its latest round of fund raising, its chief executive said on Wednesday.

Islamic finance organisations team up to streamline rule-making

Oct 23 2018

Oct 23 The top two organisations that set the rules for Islamic finance signed an agreement on Tuesday to work together to develop and revise some of their guidelines, aiming to hasten standardisation in the $2 trillion industry.

Industry group plans blockchain tool to track firms' sustainability commitments

Oct 17 2018

A responsible investment non-profit organisation said on Wednesday it aims to develop a blockchain tool to track companies' sustainable commitments, to help identify those not keeping up with their ethical credentials.

Saudi-based Maalem Financing raises 100 mln riyals in debut sukuk

Oct 16 2018

Oct 16 Saudi Arabia's Maalem Financing has raised 100 million riyals ($26.6 million) from a debut sale of Islamic bonds, or sukuk, as the firm seeks to develop a crowdfunding product and expand its operations, a senior executive said on Tuesday.

Saudi-based ICD halts plan for $1 billion fund with IL&FS

Oct 15 2018

The Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) said on Monday it had halted plans for a $1 billion fund with Infrastructure Leasing and Financial Services Group (IL&FS) while the Indian firm undergoes a restructuring.

Saudi-based ICD halts plan for $1 bln fund with India's IL&FS

Oct 15 2018

Oct 15 The Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) said on Monday it had halted plans for a $1 billion fund with Infrastructure Leasing and Financial Services Group (IL&FS) while the Indian firm undergoes a restructuring.

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