02 Dec 2019|Moody's Investors Service
On 20 November, Dubai-based Islamic fintech start-up Wethaq announced that it had issued the first pilot Sukuk on its securities market infrastructure under the supervision of the Dubai Financial Services Authority .These developments will drive standardization and cost efficiency and growth in the sukuk market, which will support the profitability of Islamic banks, a credit positive.
Islamic banking – Bangladesh: Legal and regulatory shortfalls, coupled with growing asset risks, will limit growth
30 Sep 2019|Moody's Investors Service
Islamic banking in Bangladesh has ample growth potential, underpinned by a robust domestic economy and an expanding population with a large pool of untapped customers. However, a lack of comprehensive legal and regulatory infrastructure, coupled with deteriorating asset quality, will limit the sector's expansion.
Islamic financial institutions – Middle East: Blockchain will reduce cost and support broader adoption of sukuks, a credit positive for Islamic Finance industry
23 Sep 2019|Moody's Investors Service
A new partnership to build the next generation of financial market infrastructure for Islamic capital markets based on blockchain aims to make sukuk more easily accessible and manageable.