Islamic Finance Development Indicator (IFDI) 2019 witnesses shifting dynamics in Islamic finance

Developed markets continue to revise Islamic finance regulations and frameworks

Islamic finance assets grow 3 percent in 2018 to US$ 2.5 trillion; the Sukuk asset class continues strong growth, rising 10 percent in 2018 to US$ 470 billion; developed markets continue to revise Islamic finance regulations and frameworks; Islamic FinTech gained pace with the issuance of blockchain-based micro-Sukuk and a…

Trust Bank and ICD signs agreement to assist in conversion to Shari’ah compliant operations

Trust Bank (TB) has signed an advisory services agreement with the Islamic Corporation for the Development of the Private Sector (ICD) (http://www.ICD-idb.com), the private sector arm of the Islamic Development Bank Group (“IDB”), in order to process and support its conversion into full Shari’ah compliant operations. The agreement is designed…