Bernardo Vizcaino

Saudi-based ICD halts plan for $1b infrastructure fund with IL&FS’ PE arm

In January, ICD signed a shareholder agreement with the PE arm of IL&FS to launch an Africa-focused infrastructure fund with $105 million in seed capital.

Islamic Development Bank plans $1b infra funds focused on Asia, Africa

The bank is currently in discussions to attract financial contributions to the new funds and also for selecting external managers.

Singapore’s Royal Group raises Islamic financing from RHB Bank

The deal is one of the largest Islamic finance transactions that involve hotel assets.

Indonesia state-owned infra firm SMI raises $105m in green bonds

In February, Indonesia became the first Asian country to sell “green” bonds internationally in a $1.25 billion deal.

Malaysian firm HelloGold receives Islamic certification for its cryptocurrency

Its cryptocurrency product, dubbed GOLDX, was launched at the end of last year.

Singapore’s Finterra plans to use blockchain tech to modernise Islamic endowments

The blockchain venture would tap into a vast but underutilised pool of assets across the Muslim world.

Investment inflows spur Pakistan’s corporate sukuk market

Leading the way for new funding options for local firms

Azimut, Maybank to jointly manage sukuk fund, seek new markets

Italian money manager Azimut Holding SpA will jointly manage its Islamic bonds fund with Maybank Asset Management Group to cater to growing demand for hard currency sukuk products, the two firms said on Tuesday. The partnership will allow the fund to penetrate new markets including Malaysia and Singapore, where Maybank… Read more »

Philippines to join other Asian nations in testing ‘sukuk’ as viable funding option

Governments across Asia are increasingly viewing sukuk as a viable funding option, with Hong Kong open to tap the market for a third time while Sri Lanka and the Maldives consider debuts. The Philippines’ incoming finance minister is looking at raising debt via sukuk and yuan borrowings to diversify its debt profile, but has yet to firm up plans.

Australia sees steady uptick in realty deals using Islamic finance options

Australia has begun to see a steady stream of property deals using Islamic financing as the attraction of low-risk tenants and a weak Australian dollar offset concerns about the lack of a welcoming tax environment for such transactions. National Australia Bank Ltd, one of the most active banks in the sector,… Read more »