Fitch Ratings service has issued a prediction that Shariah-Compliant Finance will experience strong growth due to the proliferation of Shariah-compliant bonds, also known as sukuk. Suck continue to be the main instrument by which the financial jihadists spread Shariah around the world… Fitch Ratings expects the global Islamic finance to grow rapidly with more sukuk […]
Malaysia is one of the world’s leading centers for Shariah-Compliant Finance. Despite their lofty ranking in the world of Shariah Finance, Malaysia’s rating in the world of sovereign credit is on its way down… As Fitch Ratings considers downgrading Malaysia, the credit-default swap market has already delivered its verdict. http://www.bloomberg.com/news/articles/2015-03-19/malaysia-already-seen-losing-single-a-debt-rank-in-default-swaps
Does Your Financial Institution Participate in Shariah Compliant Finance?
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?” As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. […]
Turkey: Fitch rates upcoming Asya sukuk as junk
Fitch Ratings has assigned Asya Katilim Bankasi A.S.’s (Asya) forthcoming Sukuk issue a ‘B+(exp)’ expected rating. The final rating is contingent upon receipt of final documentation conforming to information already received by Fitch. Asya was incorporated in Turkey in 1996 as a financial institution to provide interest-free banking services and trades on the Istanbul stock […]
The UK-based investment rating firm Fitch has downgraded Bahrain’s rating due to the instability in the tiny island nation. Bahrain has become a center for Shariah-Compliant Finance and the regime there has taken a leading role in spreading Shariah Finance to the rest of the world… http://apnews.myway.com/article/20110303/D9LNQQ9O1.html
Categories
Archives
