Podcasts about Sukuk

Radhika Das, IFN Journalist, interviews Nikolai Podguzov, Chairman of the Management Board, Eurasian Development Bank, on Islamic finance as a tool for regional growth, Sukuk issuance, the launch of an Islamic banking window, collaboration with the IsDB Institute and expanding the bank's role in global Islamic finance

Qatari conglomerate Estithmar Holding made Islamic finance history with its QAR500 million debut Sukuk, the first corporate to have tapped the Qatari riyal Sukuk market, charting a new pathway for others to follow suit and deepen the market. In a roundtable hosted by IFN, experts behind the transaction from Al Rayan Investment, Masraf Al Rayan and Simmons & Simmons discuss the intricacies and significance of this award-winning deal. Interviewees:Akber Khan, Acting CEO, Al Rayan InvestmentTahir Hayat Pirzada, GM, Group Treasurer and Financial Institutions, Masraf Al RayanHadi El Kadi, Senior Associate, Deal Advisory, Al Rayan InvestmentLee Irvine, Partner, Simmons & Simmons

Hasnain Malik, Tellimer Head of Emerging Markets EquityStrategy, and Harris Irfan, CEO of Cordoba Capital Markets, discuss the potentially foundational changes in standards underway in the global Islamic bond, or sukuk, market.The Emerging Markets Podcast by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tellimer⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠– your single point of entry to emerging markets. Check out the full Tellimer offering ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here.⁠⁠⁠⁠⁠⁠⁠⁠⁠The Emerging Markets Podcast dives into a range of topics in the emerging and frontier market world including investment themes, debt restructuring, elections, and geopolitical tensions.DISCLAIMERThis podcast is provided for information purposes and represents the personal opinions of the speakers. It is not an offer or solicitation for investment in any securities, nor should it be regarded as investment advice.  Tellimer Technologies Limited does not offer or provide advice and no mention of a particular security in this podcast constitutes a recommendation to buy, sell or hold that or any security, portfolio of securities, or enter any transaction or investment strategy. Nor is any such mention an indication that any investment is suitable for any specific person.For more information, please visit Tellimer.com. 

Patrick Drum, Fixed Income Lead and Portfolio Manager, Saturna Capital

Through a series of short, punchy presentations we examine the merits of various asset classes from an investor's viewpoint. With each asset class presented by a recognized market practitioner, we offer a critical assessment of Islamic investment opportunities, from private capital, to Sukuk, to equities, to real estate. Which asset class will prevail?Moderator:Vineeta Tan, Director, REDmoney and Managing Editor of IFN InvestorPanelists:Jaber Al Noumani, CFO – Finance and Procurement, OQ Exploration and ProductionKhalid Howladar, Chairman, MRHB.NetworkLouis Hems, Commercial Director, Dubai Gold and Commodities ExchangePatrick Drum, Fixed Income Lead and Portfolio Manager, Saturna CapitalWalid Shalan, Group Chief Financial Officer, Estithmar Holding

How much further can regional Shariah compliant asset owners and managers incorporate green and sustainable considerations into investment decisions, while at the same time encouraging investee companies to manage climate risk? What is a current assessment of regulatory frameworks and their influence on Shariah compliant investment decisions? Is sufficient regional Shariah compliant capital being channeled into energy transition, and are we maximizing the potential of green Sukuk?Moderator:Sohail Zubairi, Green Islamic Finance SpecialistPanelists:Faisal Ali, Senior Portfolio Manager, AzimutLuma Saqqaf, Founder and CEO, Ajyal SustainabilityMona Zeineldin, Managing Director, Emerging Capital Management Partners

Radhika Das, IFN Journalist, interviews Ahmed Ali Siddiqui, Senior Executive Vice President & Head of Shariah Compliance, Meezan Bank, on the Sukuk market in Pakistan

Radhika Das, IFN Journalist, interviews Muhammad Akram Ramli, Senior Executive Analyst, BIX Malaysia, on the growth of the Sukuk market and development of green Sukuk

Radhika Das, IFN Journalist, interviews Rosyidah, Shariah Business Development Analyst, Indonesia Stock Exchange, on the influence of Sukuk issuance on market dynamics

Sukuk in Turkiye are gaining serious momentum. Ahmet Tacer of Golden Global Investment Bank, explains to Vineeta Tan the factors driving this phenomenon. 

Saat ini pemerintah sangat gencar menerbitkan Surat Utang Negara dalam bentuk yang bervariasi mulai seri FR, PBS, Sukuk dan SBN Ritel, khususnya yang saat ini ditawarkan yaitu ORI026. Seri ORI026 memiliki sifat tradable atau bisa diperdagangkan di pasar sekunder setelah minimum holding period (MHP), sehingga ada potensi capital gain. Apakah ada faktor yang bisa mempengaruhi naik turunnya harga? Lalu bagaimana prospek harga SBN Ritel seri ORI026 di pasar sekunder? dan bagaimana gambaran permintaan dan penawaran seri ORI di pasar sekunder? Apakah banyak pembeli dari investor institusi juga seperti apa potensi investor ORI di pasar perdana untuk meraih capital gain di pasar sekunder? Bareksa dan Binaartha menjalin kemitraan sekitar 3 tahun sebagai sub registry dan saat ini sebagai mitra pemasaran PPE level 2. Adakah keunggulan yang ditawarkan oleh Binaartha bagi nasabah yang ingin menjual SBN Ritel miliknya di pasar sekunder, mulai dari sisi pricing, standby buyer hingga berapa lama pencairan dananya? Semua akan terjawab di Podcast Bareksa Insight pada episode kali ini sekaligus ada tips and trick cuan bagi investor yang baru mau investasi di obligasi/SBN atau bagi investor yang sudah memiliki portofolio obligasi/SBN langsung dari pakarnya yang sudah 30 tahun di pasar obligasi yaitu Bapak Adi Indarto Hartono, selaku Presiden Direktur PT Binaartha Sekuritas. Pastikan simak videonya sampai selesai, ya, investor! Install sekarang! https://bareksa.onelink.me/bLEI/YTBareksa

Ustadz Dr. Erwandi Tarmizi, M.A. - Sukuk Obligasi Syari'ah

What does a vibrant, liquid market for Islamic capital raising and issuances in a major Western capital look like, and what more should London do? How should regulatory frameworks evolve to meet market requirements and how can the performance and impact of UK Islamic capital markets be enhanced? Has the UK capitalized on the 70+ Sukuk and three Islamic ETFs listed on LSE, as well as unparalleled expertise in areas such as export credit? Can more be done to supply the market with high-quality liquid assets, and to what extent would this contribute to building a yield curve unique to Islamic financial institutions? How can green and sustainability linked Sukuk and other innovations flourish in the UK?Moderator:Nitish Bhojnagarwala, Senior Vice-President, Financial Institutions Group, Moody's RatingsPanelists:Ahsan Ali, Managing Director and Head, Islamic Corporate and Investment Banking, Standard Chartered SaadiqJonathan Grosvenor, Senior Associate, Trowers & HamlinsDr Mohamed Damak, Managing Director and Global Head of Islamic Finance, S&P Global RatingsShrey Kohli, Head of Debt Capital Markets, London Stock Exchange

How can the performance and impact of Malaysian Islamic capital markets and Sukuk be further enhanced? How significant is the re-emergence of the regulatory capital Sukuk market for the region's Islamic financial institutions? Can more be done to supply the market with high-quality liquid assets, and to what extent would this contribute to building a yield curve unique to Islamic issuers? How do we deploy Sukuk to further support banking and non-banking financial businesses? What are the potential opportunities offered by tokenization in Islamic capital markets? Finally, how can green and sustainability linked Sukuk and other innovations flourish?Moderator:Nitish Bhojnagarwala, Senior Vice-President, Financial Institutions Group, Moody's RatingsPanelists:Ahmet Tacer, Capital Markets and Investment Banking Director, Golden Global Investment BankFrederik Wijsenbeek, Partner and Chief Investment Officer, Vemi CapitalDr Muhammad Issyam Ismail, Assistant Vice-President, Islamic Wholesale Banking, CIMB Islamic BankYasir Gorpe, Senior Investment Specialist – Fund Manager, Islamic Development Bank

Nigeria is at a pivotal moment in its economic journey. For decades, oil has been the backbone of its economy, but the urgency for diversification has never been greater. On this shifting economic landscape, the halal economy stands out as an opportunity offering Nigeria the chance to expand its economic reach, generate jobs, and claim its place as a key player in a global market focused on ethical, sustainable, and culturally-conscious consumption.In Nigeria Daily today, we look into the halal economy and explore how Nigeria can seize its benefits to build a stronger, diversified future.

Foreign investors' transactions returned to record net purchases of bills and bonds during yesterday's trading, Tuesday, for the first time after a selling wave that lasted 8 sessions. Their net purchases of treasuries yesterday amounted to about USD160 million.The Finance Ministry raised some EGP50.3 bn worth of three-month T-bills this week at an average yield of 28.3%, a five-month high.Egypt yesterday launched its voluntary carbon trading market — the first in the country and in Africa.The Finance Ministry is developing a comprehensive set of tax incentives to streamline services, enhance relations between investors and the Tax Authority, and modernize the tax system through new technologies.The Oil Ministry has formed an advisory committee to manage oil reserves and boost production, the ministry said in a statement.Egypt's total renewable energy production capacity increased by 7.9% YoY during FY 2023/24 reaching about 6.8 gigawatts.The ministry of finance is planning to issue Sukuk in local currency and green T-bills, with a value up to EGP5-10 bn by the end of 2024, early 2025.The government has a comprehensive plan to position Egypt as a regional industrial hub by the end of the year.The industry ministry will soon launch the Egypt Digital Industrial Platform, which will streamline the investment process.State grain buyer GASC is in discussions over directly purchasing up to 1.8 mn tons of wheat from international suppliers. Turkish clothing firm Eroglu Holding has broken ground on its USD40 mn denim factory in the Qantara West Industrial Zone.TMGH achieved strong 2Q24 results, with 2Q24 sales rising 233.7% y/y and 81.6% q/q to EGP69.0 billion, taking 1H24 sales up 225.4% y/y to EGP107.0 billion. ETEL reported 2Q24 net profit of EGP2.63 billion (-8.8% YoY, -32.3% QoQ), bringing 1H24 net profit to EGP6.5 billion (-2.7% YoY). ETEL is trading at 2024f P/E of 4.2x.FWRY reported 2Q24 net profit of EGP321 million (+101% YoY, +4.8% QoQ), bringing 1H24 net profit to EGP629 million (+122% YoY). FWRY is currently trading at 2024f P/E of 22.1x.MTIE reported 2Q24 net attributable profit of EGP246 million (+74% YoY, -1% QoQ), bringing 1H24 net attributable profit to EGP494 million (+67% YoY). MTIE is currently trading at 2024f P/E of 7.8x.EFID reported 2Q24 net profit of EGP318 million (-17.5% YoY, -26.5% QoQ), bringing 1H24 net profit to EGP751 million (-1.5% YoY). EFID is currently trading at a FY24e P/E of 9.1x.RMDA reported 2Q24 net profit of EGP63.5 million (+5.5% QoQ, +36.0% YoY), bringing 1H24 net profit to EGP123.6 million (+3.9% YoY). RMDA is currently trading at FY24e P/E of 9.0x.HDBK reported 2Q24 standalone bottom-line of EGP2,732 million (+13% q/q, +62% y/y), bringing 1H24 bottom-line to EGP5,158 million (+71% y/y). HDBK is currently trading at P/E24 of 2.9x.SAUD (EGP:25.00, OW) released 2Q24 positive net profit of EGP781 million (+36% y/y, +41% q/q), bringing 1H24 net profit to EGP1.3 billion (+31% y/y). SAUD is currently trading at P/E24 of 3.3x.CNFN (FV:EGP6.00, OW) released 2Q24 consolidated bottom-line of EGP142 million (-17% y/y, +213% q/q). CNFN is trading at P/E24 of 7.3x.BINV is to distribute USD0.02/share cash dividend for 2023 (EGP0.987/share at an exchange rate of EGP49.35/USD). This implies a DY of 4.4%. ARCC reported 2Q24 attributable net income of EGP193.9 million (more-than-double q/q, +27% y/y).EGCH announced the signature of the nitric acid and ammonium nitrate Project Management Contract (PMC) with Bilfinger Tebodin to manage the project it also reached a preliminary agreement with six banks over two loans worth USD100 million and EGP7 billion.TAQA released 1H24 unaudited consolidated net profit of EGP211.3 million (+26% YoY).

Patrick Drum, Saturna Capital Senior Investment Analyst and Portfolio Manager, joins us to talk about the features of sukuk fixed income and what makes it halal.

Patrick Drum, Saturna Capital Senior Investment Analyst and Portfolio Manager, joins us to talk about the features of sukuk fixed income and what makes it halal.

Air Selangor issued its largest SRI Sukuk to date in October 2023. In this episode, Marlena Kereem, the editor of Islamic Sustainable Finance and Investment, sits down with Kevin Lee Shih-Min, the head of finance and strategy at Air Selangor, to talk about this landmark issuance and its SRI Sukuk strategy moving forward. 

reNIKOLA Solar II issued the world's first Climate Bonds Initiative-certified Sukuk in September this year. Marlena Kareem, the editor of ISFI, speaks to Khong Ho Ming, the executive director and COO of reNIKOLA, about this landmark issuance.

UK-headquartered Autarky Sukuk's latest offering serves investors looking for a Shariah compliant investment based on real estate in the UK. Co-founders Shoaib Bux and Yasin Patel speak to IFN's Nessreen Tamano about the challenges and opportunities in the market.

What is driving the shift toward transition and sustainability-linked bonds and Sukuk issuance, and how do we maintain this momentum? What options do the deployment of sustainability-linked financing structures offer issuers, and are they properly understood? How do we better identify viable underlying assets for transition and sustainability-linked issuance, while also verifying the actual uses of proceeds? What role does transition and sustainability-linked finance play in the development of sustainable projects and infrastructure development? How can adherence to KPIs in the post-issuance process be assured and what tools are available for this purpose, such as second-party opinions and external review? We seek the views of an expert panel.Moderator:Marlena Kareem, Editor, Islamic Sustainable Finance & Investment, REDmoney GroupPanelists:Dr Ayaz Ismail, Director – Wholesale Banking, CIMB Islamic BankBasheer Ahmad, Listing Authority, Markets, Dubai Financial Services AuthorityJeffrey Lee, Vice-President, Regional Manager APAC, Sustainable Finance, Moody's Investors ServiceMillie Yap, Director, Debt Capital Markets, HSBCDr Mohamad Zabidi Ahmad, Regional Chief Representative, DDCAP Group

How does Malaysia fully leverage on its reputation as an international center for innovative Shariah compliant transactions and structured finance products? What is the potential for Islamic syndicated finance — distribution and the development of regional secondary markets? Do additional Tier 1 Sukuk still offer Islamic financial institutions the most flexible and efficient way of satisfying regulatory capital requirements? How do we ensure issuances continue to feature Islamic tranches, and that Islamic finance is a mainstream way of funding large projects? How do we capitalize on the rising significance of the Islamic pre-IPO, IPO, ECM and corporate finance markets? Finally, what is the continued importance of Waqf and Tawarruq within Islamic financial market structures, and how influential are alternatives such as Wakalah?Moderator:Elias Moubarak, Partner, Trowers & HamlinsPanelists:Basheer Ahmad, Listing Authority, Markets, Dubai Financial Services AuthorityDr Mohamad Zabidi Ahmad, Regional Chief Representative, DDCAP GroupMohd Ekmal Mohd Zazi, Regional Head, Wholesale Banking, CIMB Islamic BankMushtaq Kapasi, Managing Director, Chief Representative, Asia Pacific, International Capital Market Association

The past few years have seen some landmark deals and transactions in the Omani Islamic finance and Sukuk markets, and this trend can be expected to continue, Asad Qayyum, a managing partner at MAQ Legal, tells IFN's Nessreen Tamano in this podcast episode.

What represents a blueprint for advancing the transition to a low-carbon economy via effective stakeholder collaboration, regulation, resource allocation, positioning and product innovation in the Omani financial services sector?What are the implications for the Islamic sustainable financial services sector of the introduction of various regulatory taxonomies, frameworks and standards?How will new bond and Sukuk regulations, as part of the executive regulations to the Securities Law, accommodate and facilitate sustainable finance in Oman?What are current tax and operational cost incentive frameworks for the development of Islamic sustainable finance and investment products in Oman? Are they effective, and what more can be done?The juxtaposition facing the GCC: funding the hydrocarbon sector, while simultaneously developing a thriving green and sustainable finance sectorAre we sufficiently capitalizing on the powerful synergies between sustainable finance and Islamic finance and how do we effectively position the sector?What are important criteria in the development of Islamic sustainable finance and investment products, and are we successfully developing products which satisfy both Shariah and ESG requirements?What approaches are large regional institutional investors taking to sustainable finance and investment, and what can be learnt from this?How do we fund clean energy, sustainable activities and social projects in Oman such through an effective, liquid Islamic capital market?How do we continue to measure impact from green and sustainable issuance? What tools are available for issuers and investors for this purpose?Moderator:Luma Saqqaf, CEO, Ajyal Sustainability ConsultingPanelists:Asad Qayyum, Managing Partner, MAQ Legal Kemal Rizadi Arbi, Expert/Advisor, Capital Market Authority, Sultanate of Oman Khalid Al Kayed, CEO, Bank Nizwa Shahariah Shaharudin, President, Saturna Malaysia Talha Ahmed Khan, Country Manager and Head Global Investment Unit, Pak Oman Investment Company Thamer Al Shahry, Partner, Said Al Shahry & Partners

The Capital Market Authority of Oman is working on new and updated regulations for virtual assets and the bond and Sukuk markets of the Sultanate, advisor Kemal Rizadi Arbi tells IFN's Nessreen Tamano in this episode. 

The reach and implications of new regulations for the issuance of bonds and Sukuk on products and markets.Discussing the potential issuance of a treasury Sukuk and how it would benefit the Omani Islamic capital market.Examining the Towell Infrastructure Projects syndicated Wakalah, and what the structure means for the Islamic finance market in Oman.Developing the Islamic equity capital market in Oman, and capitalizing on recent domestic IPO activity.How will new bond and Sukuk regulations accommodate and facilitate sustainable finance?Restructurings and refinancings in the Sultanate — the role of the Islamic capital market.Moderator:Luma Saqqaf, CEO, Ajyal Sustainability ConsultingPanelists:Mohamad Noranuar Sajari, Head of Shariah Structuring, Bank NizwaSuad Al Balushi, AGM – Head of Treasury and FI, Oman Housing BankVinod Sadhwani, General Manager, Treasury, MB Holdings

Building on the success of Shariah compliant real estate investment funds and trusts domiciled in Oman, as well as direct investment into real estate assets in the Sultanate.Opportunities for regional Shariah compliant funds domiciled in Oman: equity, Sukuk and private equity funds.Private equity and venture capital investment — framework enhancements, cross-border and foreign direct investment opportunities.Changes to fund regulatory frameworks resulting from the executive regulations to the Securities Law, and implications for various fund structures.Exploring the potential for the application of Waqf to Islamic funds in Oman.The prospects for Islamic sustainable investing in the Sultanate.Moderator:Mike Tirman, Partner, Ice MillerPanelists:Anand Raghavendran, Head of Asset Management, BankDhofarHassan Ali Ansari, CFO, Takaful OmanSalman Kabani, Sr. Head of Enterprise Risk and Strategy, Bank NizwaShahariah Shaharudin, President, Saturna MalaysiaTalha Ahmed Khan, Country Manager and Head of Global Investment Unit, Pak Oman Investment Company

Reviewing the 10-year journey of formalized Islamic finance in Oman and navigating the coming years through the strategic development of the Omani Islamic financial services ecosystem.The role of Islamic finance in the development of the private sector in Oman.Key market developments: remunerative deposit accounts, a potential treasury Sukuk and the introduction of Wakalah money market liquidity management tools.Key regulatory issues: the treatment of Islamic banks after mergers with conventional institutions, and the Shariah governance framework and audit guidelines.An overview of new regulations for the issuance of bonds and Sukuk in Oman.The year of endowment: how Waqf can be further applied to Islamic financial services in Oman.Moderator:Asad Qayyum, Managing Partner, MAQ LegalPanelists:Ali Hassan Moosa, CEO, Oman Banks AssociationKhalid Al Kayed, CEO, Bank NizwaKemal Rizadi Arbi, Expert/Advisor, Capital Market Authority, Sultanate of OmanSharifatul Hanizah Said Ali, Executive Director, Islamic Capital Market Development, Securities Commission MalaysiaThamer Al Shahry, Partner, Said Al Shahry & Partners

The sustainable finance space is beginning to mature with new regulations being introduced. Marlena Kareem from ISFI speaks to Salmah Bee Mohd Mydin, the executive director of market development responsible for sustainability from the Securities Commission Malaysia (SC), about the SC's role in the development and implementation of sustainability regulations in Malaysia. 

The UK achieved several firsts, including the first Sukuk issuance backed by an export credit agency. What was the legacy of this transaction for UK Islamic financial services? How can the UK fully leverage on its reputation for innovative structured financial products and services and cement its position as an arranging center for international Shariah compliant transactions? Assessing the potential for Shariah compliant securitization in the UK market — identifying suitable underlying assets and employing innovative structures. Does the UK regulatory and tax environment still require modification for Islamic capital markets and structured finance activities? Can structures such as Tawarruq and Wakalah be further deployed in Shariah compliant capital-raising? Examining further innovation in Shariah compliant structured products and where they might be applied: the example of repo and repo to maturity. We ask a respected panel to assess the development of this key market.Moderator:Nitish Bhojnagarwala, Senior Vice-President, Financial Institutions Group, Moody's Investors ServicePanelists:Ahsan Ali, Managing Director and Head, Islamic Origination, Standard Chartered SaadiqAsal Saghari, Counsel, King & SpaldingLim Say Cheong, CEO, Saudi Venture Capital Investment CompanyMohammed Saifullah Khan, CEO, Dar Al ShariaNasser Al-Thekair, General Manager, Trade & Business Development, International Islamic Trade Finance Corporation

Fabrice Susini, CEO of Saudi Real Estate Refinance Company, talks to IFN's Nessreen Tamano about the Sukuk and Islamic finance strategy of the company, whose mandate includes providing liquidity to the real estate finance market, as well as sustainable financing solutions to Saudi homebuyers. 

Blue finance is making waves in the sustainable finance space. Marlena Kareem from ISFI speaks to Christina Ongoma, the manager of financial institutions group for upstream advisory services at the World Bank Group's private sector development arm, the International Finance Corporation (IFC), about how the IFC develops blue and thematic Sukuk in emerging markets.

Dunya Bashiti, the co-found and CEO of Capifly, talks to IFN's Nessreen Tamano about offering Islamic non-dilutive capital to tech start-ups in Jordan and plans to expand into the MENA region, starting with Saudi Arabia.

Malaysian infrastructure conglomerate YTL Corporation has been on Bursa Malaysia's industry working group for the development of the Bursa Carbon Exchange since 2020. It is also an active carbon credit project developer in Southeast Asia. Marlena Kareem from ISFI speaks with Ralph Dixon, the executive director of sustainability at YTL and CEO of YTL-SV Carbon, about the development of the Malaysian VCM space, the challenges that the changing regulatory environment poses as well as the opportunities for Islamic sustainable finance. 

--------------------------------------------------------------------------------------------------► Newsletter (1st link): https://linktr.ee/practicalislamicfin...--------------------------------------------------------------------------------------------------Thanks for watching our video: No Fixed Income in Islam - The Truth RevealedDiscover the truth about Islamic fixed income in this eye-opening video! If you've ever wondered about the authenticity of products claiming to offer Sharia-compliant fixed income, this video is a must-watch. Join us as we delve into the principles of halal investing and uncover the flaws in so-called Islamic fixed income. By the end of this video, you'll realize why it's crucial to understand the concept of profit and loss sharing in Islamic finance.We begin by exploring the fundamental idea behind halal investing, which centers on profit and loss sharing. Unlike non-halal investments that involve interest-bearing loans, halal investing requires that your returns reflect the actual outcomes of the business activity you're involved in. We use the example of investing in a pizza shop to illustrate the stark contrast between halal and non-halal approaches.Next, we tackle the topic of Sukuk, often advertised as an Islamic alternative to bonds. While Sukuk theoretically offers time-bound ownership shares of assets and a share in the generated cash flows, we uncover some concerning realities. The idea of fixed income within Sukuk contradicts the nature of real business outcomes, where results are uncertain. We analyze major Sukuk funds and expose violations of Sharia principles, including profiting off of debt, which is clearly considered riba (usury) in Islam.Moreover, we delve into the misrepresentation of profit-sharing arrangements in Sukuk. We examine the payment structures and terminology used by Franklin Global Sukuk Fund and GFH-Sukuk-Fund, highlighting red flags and inconsistencies. These findings cast doubt on the authenticity of the profit-sharing claims made by these funds.Throughout the video, we emphasize the importance of avoiding products that exploit linguistic loopholes to attract Muslim investors. By understanding the flaws and potential pitfalls of Islamic fixed income, you can make informed investment decisions and protect your wealth in accordance with Islamic teachings.Join the debate and gain invaluable knowledge by subscribing to our channel and signing up for our newsletter. Stay informed about the latest developments and receive an updated comparison of major halal investing funds. Together, we can navigate the complexities of halal investing and ensure our financial practices align with Islamic principles.Remember, if you want your investments to comply with Islamic teachings, you must be ready to engage in genuine business activities and bear your fair share of risks. Like and subscribe for more enlightening content. May peace be upon you.--------------------------------------------------------------------SUBSCRIBE IF YOU WANT TO BUILD HALAL WEALTH!╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣╚═╩══╩═╩═╩═╩╝╚╩═╩═╝--------------------------------------------------------------------CHECK OUT OUR OTHER VIDEOS► Forex Trading: Halal or Haram?    • Forex trading: Ha...  ►Day Trading: Halal or Haram?    • Day Trading: Hala... 

Malaysia is touted to be a leader in driving the Islamic sustainable finance agenda by its global peers. But has the country fully capitalized on its potential, and how can it harness these opportunities? Vineeta Tan speaks to Sharifatul Hanizah Said Ali, the head of Islamic capital market development at the Securities Commission Malaysia, to find out.  

Description: Saudia Arabia's Regional Voluntary Carbon Market Company (RVCMC) will facilitate the first-ever Islamic finance transaction with carbon credits as underlying assets this year, according to Riham ElGizy, CEO of the RVCMC. ISFI speaks to the RVCMC CEO to learn about the upcoming deal and the launch of the RVCMC exchange early next year. 

Saudi-based BLOMINVEST BANK has launched the GBP300 million (US$384.09 million) SAED Green UK Fund as its debut endeavor in the UK market. ISFI speaks to Abdullah Alrashoud, CEO and managing director of BLOMINVEST BANK, to learn more about the fund. 

Gatehouse Bank is looking to launch an additional financing product to existing customers to improve the energy efficiency of their homes this year. ISFI speaks to Andy Homer, the chief customer officer at Gatehouse Bank, to learn about how it works with its partners to develop Islamic sustainable products. 

Ficus Capital is targeting to close its inaugural Islamic Southeast Asian Tech Fund in the third quarter of this year. ISFI speaks to Rina Neoh, the managing partner of Ficus Capital, to learn about some of the challenges of managing an inaugural fund as well as how the venture capital firm has shifted its focus toward sustainability.

With escalating geopolitical tension weighing on the global economy, the banking and finance system is under immense pressure. Vineeta Tan speaks to Moody's Investors Service's analysts – Alexander Perjessy, Ashraf Madani and Mohammed Ali Londe to understand the implications on the Islamic finance industry.

Patrick Drum leads the Environmental, Social & Governance investment research at Saturna Capital, a private investment management firm with $5.5 billion in assets under management.  He is the portfolio manager for Saturna's Sustainable Global Fixed Income Fund; the Amana Participation Fund (the oldest and largest family of funds in the United States following principles of Islamic finance), and the firm's institutional subsidiary, Saturna Sdn. Berhad in Kuala Lumpur, Malaysia. Drum holds a BA in economics from Western Washington University and an MBA from Seattle University Albers School of Business and is a CFA® Charterholder and Certified Financial Planner®.Previously, Drum was Chairman of the United Nation's Principles for Investment (UNPRI) Fixed Income Outreach Subcommittee and an adjunct professor of finance for the Sustainable MBA Program at Pinchot's Bainbridge Graduate Institute.In our discussion, we hear about Patrick's early career and how he came to be involved in sustainability back in 2008.  We learn that about 50 percent of investors in Saturna's Sharia compliant funds are not of the Muslim faith and discuss why a non-Muslim investor might be attracted to investing in their funds. Patrick describes the basic tenets of Sharia compliance, he speaks about the debt-like instrument that is called a ‘Sukuk' and explains how they differ from traditional bonds.  We hear about the screens Saturna uses and how each investment goes through a ‘Fatwa' by a recognised Sharia body, and much more.Show notes: https://sri360.com/podcast/patrick-drumAbout the SRI 360° Podcast: The SRI 360° Podcast is focused exclusively on sustainable & responsible investing. In each episode, Scott Arnell interviews a world-class investor who is an accomplished practitioner from all asset classes. In my interviews, I cover everything from their early personal journeys—and what motivated and attracted them to commit their life energy to SRI—to insights on how they developed and executed their investment strategies and what challenges they face today. Each episode is a chance to go way below the surface with these impressive people and gain additional insights and useful lessons from professional investors. Connect with SRI 360°: Sign up for the free weekly email update: https://sri360.com/newsletter/ Visit the SRI 360° PODCAST: https://sri360.com/podcast/ Visit the SRI 360° WEBSITE: https://sri360.com/ Follow SRI 360° on TWITTER: https://twitter.com/SRI360Growth/Follow SRI 360° on FACEBOOK: https://www.facebook.com/SRI360Growth/

In this episode, Vineeta Tan speaks to Mohammed Alim, CEO of IBF Net, which built the first Halal metaverse, to understand what the Halal virtual world is all about.  

Turkiye's largest beet growers cooperative brand Kayseri Seker issued a TRY85 million (US$4.44 million) Sukuk in February 2022.  The facility was the first Sukuk to use a quota of crystal sugar as an underlying asset and was also the first Sukuk issued by a cooperative in Turkiye.  ISFI speaks to Dr Menevse Ozdemir Diliduzgun, the head of corporate finance and advisory at Halk Investment, and Ozgun Ozok, the managing partner of Ozok Law Firm, the legal advisor of the Sukuk, to learn more about this deal. 

In a conversation with IFN Managing Editor Vineeta Tan, global finance pundit Andrew Sheng expounds on the ways we could move toward a more equitable and sustainable future including by investing in social enterprises and exploring Shariah compliant equity-based financial models as the current debt-based system is not sustainable. 

In this episode of Moody's Talks – Emerging Markets Decoded, Nitish Bhojnagarwala of the Financial Institutions team and special guest Sohail Ali of DLA Piper join host Scott Phillips to discuss the outlook for Islamic finance across emerging markets. Plus, they dive into the intersection of ESG and Islamic finance, and the risks associated with “green” sukuk issuance. Related research:Islamic finance sector will remain resilient despite tight global financial conditions

Dr Aishath Muneeza, who was personally involved in structuring all the corporate Sukuk offered in the Maldives as well as the private sukuk and Islamic treasury instruments for the government of Maldives, talks to IFN's Emir Zainul about the challenges of issuing Sukuk in the Maldives, as she highlights the lack of awareness and legal constraints in the Islamic finance industry in the country. 

S Zuhair Naqvi, the founder and CEO of Halal mortgage business EQRAZ, talks to IFN's Nessreen Tamano about what he would like to see more of in the Canadian Islamic finance industry in the near future, including more awareness and knowledge on Shariah products by both industry players and customers, and re-building the Muslim community's trust in the Halal home financing sector.