The latest proposal by Saudi Arabia’s Capital Market Authority (CMA) to lift certain restrictions applied on public investment funds – for subscriptions to debt instruments – is seen as an evolution that is in line with the nation’s strategic objectives to develop the domestic capital market. Law firm Simmons & Simmons Middle East Managing Associate
One of the GCC’s largest private equity deals, new venture capital guidelines, upcoming Islamic funds and digital assets – this week has been brimming with Islamic investment activities. Read all about it in this edition of IFN Investor weekly round-up. Dubai-based GEMS Education took the spotlight last week in one of the largest private equity
Islamic Exchange-traded funds (ETFs) have emerged as a significant class of financial instruments within the Islamic finance sector. These funds, which comply with Shariah principles, offer investors the opportunity to diversify their portfolios while adhering to Islamic law. This report delves into the evolution of Islamic ETFs, exploring the opportunities they present and the challenges
ShariaPortfolio has seen a significant rise in Shariah compliant investments recently across its operations in North America, with its assets under management (AuM) of just below US$1 billion as of September 2023 growing to around US$1.3 billion by early June 2024. Apart from this roughly 30% AuM growth for the group during this period, the
Tapping into both domestic and international market instruments has paid off well for Shariah investments in 2023, Etiqa Insurance and Takaful Group CEO Kamaludin Ahmad shared with IFN Investor. Operating as Etiqa Family Takaful for life policies and Etiqa General for other coverage, he said contributions to a common Tabarru pool are channeled into the
