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In this episode, Aminah Farid speaks with officials from the Ugandan government and financial regulators on how Uganda is structuring its debut sovereign Sukuk to manage debt sustainability, the progress of the Standard Gauge Railway project and the role of Islamic finance in broadening the country's infrastructure financing mix.
Irshad Rasheed, a founding board member of Islamic Finance Trade Association of North America, gives IFN an exclusive first look into the country's first industry-wide trade association, which already has a healthy pipeline of initiatives including the launching of Sukuk and a Shariah compliant education savings plan.
Ustadz Dr. Erwandi Tarmizi M.A - Surat-Surat Berharga Obligasi, Sukuk - Ustadz DR. Erwandi Tarmizi, Ma
Ustadz Dr. Erwandi Tarmizi M.A. - Surat-Surat Berharga Obligasi, Sukuk
“The market reaction has been very measured. Spreads have clearly moved in response to changes in fiscal outlooks and ratings,” says Patrick Drum, Saturna Capital's fixed-income lead and portfolio manager, discussing the impact of current events in the Middle East on sukuk and the Islamic finance market. It's “not so much the conflict itself. Tension is really back to the basics of balance sheet.” Drum joins Bloomberg Intelligence's Noel Hebert on the latest Credit Crunch podcast to examine sukuk, the market's size, composition and growth, and the economic backdrop that has helped drive it beyond $1 trillion. The episode also covers risk-adjusted returns, underlying assets and his view of the market's continued evolution. The Credit Crunch podcast is part of BI's FICC Focus series.
In this episode, Andrei Ugarov, the head of credit advisory at Impact46, talks to IFN editor Nessreen Tamano about what is driving the shift in Saudi Arabia's Sukuk market and how recent landmark issuances are shaping future deals.
Welcome back to Season 17, everyone.Today we dive into the Middle East conflict's ripple effects on the global economy—including how the Strait of Hormuz's closure could spike inflation and interest rates.We also unpack a CMA probe into sudden domestic heating oil surges in the UK amid the war, plus its fallout for emerging market bond and Sukuk issuers.
In this episode, IFN journalist Radhika Das speaks with Iskandar Tursunov, the CEO and Founder of Al Muamalat Consulting, about Uzbekistan's newly approved Islamic banking law, Sukuk developments, fintech innovation, international standard-setting partnerships and the country's ambition to become a leading Islamic finance hub in Central Asia
Sukuk exchange trading. Export rules target carbon emitters. Auto localization lag. Morning Drive is your daily download of the essential headlines shaping Egypt. From business policy and finance to the latest in tech, all in under 10 minutes. Hosted by ‘Synthetic Salma’ — an AI-powered version of our own Executive Editor Salma El-Saeed. You can read the full newsletter on the website. Morning Drive is brought to you by: Madinet Masr GRANITE Financial Holding Bonyan for Real Estate Investments Learn more about how you can advertise with EnterpriseAM by emailing Moustafa Taalab mtaalab@enterprisemea.com And check out our other show Making It, where we speak to CEOs and entrepreneurs about building a great business in the region.See omnystudio.com/listener for privacy information.
In this episode, IFN journalist Radhika Das speaks with Mohamad Safri Hamid, the CEO of the International Islamic Liquidity Management Corporation (IILM), about IILM's upsized Sukuk program, rising global demand for Shariah compliant liquidity instruments, the growth of its primary dealer network and its role in addressing cross-border Islamic liquidity gaps.
Allen Farrington and Harris Irfan explain that Bitcoin aligns with Islamic finance principles. They discuss riba (usury), fractional reserve banking, and why sound money naturally produces Islamic harmonious financial systems. Allen Farrington and Harris Irfa explain their seminal paper "Bitcoin, Fiat and Islamic Finance." They dive into why Islamic banking is an oxymoron, how riba (interest/usury) connects to fractional reserve banking, and why Bitcoin naturally produces Islamic-compliant financial systems. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **NOTES:** - Global South spends half GDP on debt interest - Islamic finance industry worth $3+ trillion - Dinar used for 1000+ years in Islamic world - Fractional reserve creates money via lending - Sukuk are asset-backed Islamic bonds - Bitcoin enables prophetic economics principles 00:00 Start 01:56 Allen's backstory 03:13 Harris' background 05:09 Islamic banking is an oxymoron 08:10 Islamic finance will emerge on top of Bitcoin 12:46 Basics of Islamic finance 15:20 Riba (interest) 18:08 BTC mining in Islamic nations 24:07 managers & risk sharing 27:55 Flux 33:00 Is Bitcoin halal? 38:58 Islamic finance & a Bitcoin Standrd 41:42 Research response -
In this episode, IFN journalist Radhika Das speaks with Jesmond Gatt, the chairman of the Malta Financial Services Authority (MFSA), and Clare Farrugia, the head of strategy, policy and innovation at the MFSA, on Malta's plans to introduce a dedicated Sukuk framework, a first for the jurisdiction. The discussion explores the MFSA's objectives, Shariah governance measures and Malta's vision to position itself as a European gateway for Islamic finance.
In this episode of EisnerAmper's Engaging Alternatives Spotlight, Elana Margulies-Snyderman, Director, Publications, speaks with Elizabeth Alm, Portfolio Manager at Saturna Capital, a Washington State-based investment manager where she manages a sukuk fixed-income strategy. Elizabeth shares her outlook for sukuk fixed-income investing including the greatest opportunities and challenges. She also discusses her experience being a woman in the industry and more. ✨ What you'll learn:
With key reforms underway, can Pakistan emerge as a regional hub for Islamic capital markets? We explore the strategic direction set by the Islamic Capital Market Development Committee and what it means for growth, innovation, and resilience. We ask how non-sovereign Sukuk issuance can be accelerated, and how capital markets will play a pivotal role in supporting the broader financial system conversion—unlocking new opportunities for both banking and non-banking sectors.Moderator:Farmida Bi, Chair, Europe, Middle East and Asia Pacific, Norton Rose FulbrightPanelists:Iffat Zehra Mankani, CEO, JS InvestmentsJawad Hashmi, General Manager, Chief Market Operations Officer, Pakistan Stock Exchange LimitedMuhammad Haris Munawar, Group Head - Wholesale Banking, BankIslami PakistanSyed Umair Alam Zaidi, SVP, Head of Debt Capital Markets and Syndications, Faysal Bank Limited
Duncan Wales, Tellimer's CEO, and his capital markets expert guest, Majd Nuri Shafiq, assess the investment case for the Middle East. They discuss the growing role of local debt markets, the potential for regional stock markets, the rise of Sukuk issuance and Islamic finance, and how post-conflict reconstruction across Gaza, Syria, and Lebanon could spark a new wave of regional growth. The conversation also explores the intersection of geopolitics, innovation, and finance shaping the Middle East's economic future.The Emerging Markets Podcast by Tellimer – Emerging Markets, Connected. 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.
In this episode with IFN journalist Radhika Das, Dr Muhammad Sulaiman Al Jasser, the chairman of the IsDB Group, highlights Sukuk as a financing instrument for development projects, the Sukuk Summit in London this month and the Arab Coordination Group's efforts to maximize impact.
Welcome back to Season 15 of The Firm Analyst!
Radhika Das, IFN Journalist, interviews Dr Muhammad Sulaiman Al Jasser, Chairman, IsDB Group, on Sukuk-financed projects, the Sukuk Summit in London this month and the Arab Coordination Group's efforts to maximize development and impact
Radhika Das, IFN Journalist, interviews Adam Knight and Nancy Chien from Bedell Cristin, on the Jersey jurisdiction's Shariah compliant structuring appeal, its role in Sukuk and SPV innovation and rising demand from Islamic private wealth clients
Radhika Das, IFN Journalist, interviews Jessica Tan, Principal, Fixed Income Indices, S&P Dow Jones Indices, on Sukuk index methodology and screening criteria, and future trends in integrating ESG factors with Shariah compliant fixed income benchmarks
Radhika Das, IFN Journalist, interviews Alisher Djumanov, Founder and Managing Partner, AD Wealth Family Office, on asset allocation in Sukuk and Islamic instruments, and the growth of Islamic finance in emerging markets.
Radhika Das, IFN Journalist, interviews Dr Mohamed Damak, Managing Director and Global Head of Islamic Finance, S&P Global Ratings, on the market alignment with AAOIFI's Standard 62 and its potential impact on Sukuk structures and investor appetite.
Radhika Das, IFN Journalist, interviews Salman Ahmed, Partner, Trowers & Hamlins, on the legal structuring of Sukuk, regulatory harmonization and the complexities of full Islamic bank conversions such as Ahli United Bank's (UK).
Sukuk issuance 6x oversubscribed. No electricity price hikes before 2026. EGX extends gains in September. Morning Drive is your daily download of the essential headlines shaping Egypt. From business policy and finance to the latest in tech, all in under 10 minutes. Hosted by ‘Synthetic Salma’ — an AI-powered version of our own Executive Editor Salma El-Saeed. You can read the full newsletter on the website: https://enterprise.news/egypt/en Morning Drive is brought to you by Madinet Masr, GRANITE Financial Holding and Bonyan for Real Estate Investments. Learn more about how you can advertise with EnterpriseAM by emailing Moustafa Taalab mtaalab@enterprisemea.com And check out our other show Making It, where we speak to CEOs and entrepreneurs about building a great business in the region: https://omny.fm/shows/making-it See omnystudio.com/listener for privacy information.
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 carbon credits, to Sukuk, to equities, to real estate. Which asset class will prevail?Facilitator: Vineeta Tan, Managing Editor and Director, Islamic Finance newsJessica Tan, Principal, Fixed Income Indices, S&P Dow Jones IndicesMax Freeman, Founder and CEO, Epicenter LabsZahid Siddique, Senior Investment Analyst and Portfolio Manager, Saturna Malaysia
How have Islamic capital markets performed and what is a realistic assessment of financial institution, corporate and Sovereign Sukuk markets? What can we expect from regulatory AT1 Sukuk issuance, and what does AAOIFI Standard 62 and the potential of underlying asset ownership transfer realistically mean for the Sukuk market?Moderator:Abdulla Al Hammadi, AVP – Analyst, Financial Institutions Group, Moody's RatingsPanelists:Alisher Djumanov, Founder and Managing Partner, AD Wealth Family OfficeJessica Tan, Principal, Fixed Income Indices, S&P Dow Jones IndicesOliver Agha, Managing Partner, Agha & Co and Columnist, IFN (The Islamic Legal Opinion)
How do we further blend Shariah principles with ethical and equitable financial solutions to provide positive financial, social, and environmental outcomes? How can the impact of these initiatives be effectively measured? What's on offer from Waqf, Zakat, Sadaqah and Qard Hasan and how can we maximise the potential of new products such as social impact Sukuk? We ask an expert panel.Moderator:Elias Moubarak, Partner, Trowers & HamlinsPanelists:Dr Hamim Syahrum Ahmad Mokhtar, Lead Specialist, Capacity Development, Islamic Financial Services BoardDr Jane Chang, Director, Social Value MalaysiaDr Mohamed Damak, Managing Director and Global Head of Islamic Finance, S&P Global RatingsProfessor Dr Nurdianawati Irwani Abdullah, Department of Finance, Kuliyyah of Economics and Management Sciences, International Islamic University MalaysiaDr Rusni Hassan, Professor and Dean, IIUM Institute of Islamic Banking and Finance
Mohamad Safri Shahul Hamid , CEO, International Islamic Liquidity Management Corporation
How have recent Shariah compliant IPOs and Sukuk transactions moved the dial in terms of interest in Oman, and how can this impressive momentum be maintained? Does the secondary market across multiple asset classes offer sufficient liquidity and depth, and is sustainability given enough recognition by issuers and advisors? What other opportunities are on offer for Islamic capital markets in Oman, in what sectors, and what needs to be done to capitalise on these?Moderator:Oliver Agha, Managing Partner, Agha & Co and Columnist, IFN (The Islamic Legal Opinion)Panelists:Hichem Bouqniss, Executive Director of Business Operations, International Islamic Liquidity Management CorporationJonathan Segal, Group Treasurer and Head of Capital Markets, Energy Development OmanKemal Rizadi Arbi, Expert/Adviser, Financial Services AuthorityMohamad Noranuar Sajari, Head of Shariah Structuring, Bank Nizwa
How have Islamic capital markets performed and what is a realistic assessment of financial institution, corporate and Sovereign Sukuk markets? Is the UK leveraging on its reputation for innovative capital market products and services? How can London cement its position as a listing and arranging centre for international Shariah compliant capital market transactions and funds? What further opportunities are offered by green and sustainable Sukuk?Moderator:Lawrence Oliver, Executive Director, Deputy CEO, DDCAP Group/ETHOS AFPPanelists:Dr Mohamed Damak, Managing Director and Global Head of Islamic Finance, S&P Global RatingsNadim Zaman, Managing Director, Head of Origination, LBBWSimone Utermarck, Senior Director, Sustainable Finance, International Capital Market AssociationValerie O'Flaherty, Head of Irish and UK Debt listing, Euronext
Insights into Nigeria's Professional and Services Sector 2025Become a supporter of this podcast: https://www.spreaker.com/podcast/the-way-i-see-it--5905056/support.
What does it really take to build and protect long-term wealth? In this episode, I sit down with a former JP Morgan Client Wealth Relationship Manager who shares how high-net-worth individuals manage their money — and how you can apply the same strategies. We dive into his experience managing elite clients at JP Morgan, the transition into ethical and Islamic finance, and the realities of discretionary portfolio management. From budgeting and pensions to understanding gold, Sukuk, and the emotional journey of first-time investors — this episode is packed with valuable insights.If you found our last episode on saving tax useful, this is the perfect next step. Whether you're just starting your financial journey or looking to refine your wealth strategy, this conversation will open your eyes to how money really works at the top.Follow CEOCAST On All Platforms Here!Instagram: https://www.instagram.com/ceocast/Youtube: https://www.youtube.com/ceocastFollow Raheem Here:https://www.instagram.com/raheemka/Work with us/collaborations:info@theceocast.com
Patrick Drum, Fixed Income Lead and Portfolio Manager, Saturna Capital
How are fintechs addressing the needs of American Muslim investors, and how is asset tokenization assisting investor access to real assets and Sukuk? What is offered by P2P and equity crowdfunding, and what is a realistic assessment of the market for digital assets, including crypto? What regulatory changes would help the development of Islamic investment products in North America?Moderator:Ishmam Ahmed, Managing Director, Hoya AdvisoryPanelists:Fahad Siddiqui, Founder and CEO, MabrookSaad Malik, CEO and Co-Founder, Zoya
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
Sukuk in Turkiye are gaining serious momentum. Ahmet Tacer of Golden Global Investment Bank, explains to Vineeta Tan the factors driving this phenomenon.
Radhika Das, IFN Journalist, interviews Rosyidah, Shariah Business Development Analyst, Indonesia Stock Exchange, on the influence of Sukuk issuance on market dynamics
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
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
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.