Breaking News
ICMA announces collaboration with IsDB and LSEG for developing guidance for practitioners on Green Sukuk
ICMA has announced an industry collaboration with the Islamic Development Bank (IsDB) and the London Stock Exchange Group (LSEG) on the sidelines of the COP28 in Dubai.
The three parties will work to develop a practitioners’ guide on the issuance of Sukuk (Islamic bonds) in line with the Green Bond Principles and Sustainability Bond Guidelines as published by ICMA. This will support the growth of green and sustainable finance within the global market for Sukuk by providing issuers and other market participants with guidance on how Sukuk may be labelled as green or sustainability in line with the Principles through examples, case studies and best practice.
The guidance will also help to improve investors’ awareness of Sukuk as an asset class in the global fixed income markets.
Nicholas Pfaff, Deputy CEO of ICMA and Head of Sustainable Finance said: “ICMA welcomes the opportunity to coordinate the work to produce a practitioners’ guide for green and sustainability Sukuk. Through alignment with the Principles, we believe the guide will help ensure global consistency in the international capital markets of voluntary best practices in sustainable finance”.
H.E. Dr. Muhammad Al Jasser, President of IsDB stated, “We are fully committed to industry-level engagements to promote Islamic capital markets and Sukuk (Islamic bonds) in particular. I am very pleased to see this initiative taking shape with our industry partners for the benefit of the wider global capital markets.”
Julia Hoggett, CEO, London Stock Exchange commented: “Together with IsDB and ICMA, we are charting a path towards a more sustainable future. We believe that this collaboration will enhance the awareness of Sukuk as an asset class in the global fixed income markets and accelerate progress towards climate and sustainability goals worldwide.”
People In This Post
Companies In This Post
- How USAA Builds Digital Experiences Around Its Members Read more
- Spayce: Organic Growth, Own Tech, New Wallet Read more
- EXCLUSIVE: “Check, Check… and Check!” – Pilar Fragalà, CBI in ‘The Fintech Magazine’ Read more
- BBVA: Digital Identity Will Transform KYC Read more
- Pocket Network Is Pioneering ‘DePIN for Data’ Read more
Backbase Partners With Unblu to Close the Gap Between Digital Convenience and Human Trust
Backbase announces a strategic partnership with Unblu to transform digital banking from a self-service utility into a trusted, human-connected experience
Allvue Expands European Footprint, Names KPMG Luxembourg as Core Implementation Partner
Allvue Systems, LLC (“Allvue”), a leading software technology provider for the private capital markets, today announced an expansion of its current presence in EMEA, naming KPMG Luxembourg as its core implementation partner for all client deliverables for Europe. The strategic collaboration is designed to meet the growing demand from global asset managers leveraging Luxembourg as the premier European fund domicile. By aligning Allvue’s world-class, unified technology platform and solutions with KPMG’s renowned local expertise in private assets, deep regional relationships, and plurilingual delivery capabilities, the partnership offers clients a faster, more effective path to technology adoption.
Norton Home Loans Joins Mortgage Advice Bureau Lender Panel
Norton Home Loans has today confirmed it has joined the Mortgage Advice Bureau (MAB) lender panel, giving advisers access to its range of specialist first charge mortgage products.
Toqio Strengthens Its Leadership and Value Proposition in the Fintech Sector
Toqio, the leading financial technology platform for the development of integrated and contextualised financial solutions, is strengthening its market leadership with the addition of Enrique Cárcamo Wucherpfennig as Vice President of Customer and Partner Operations. With more than 15 years of experience in the financial services sector across Europe, the United States, and Latin America, Cárcamo joins a strong and multidisciplinary leadership team led by Eduardo Martínez García, Co-founder and CEO; Michael Galvin, Co-founder and CPO; Arancha Riestra, VP of People; Yan Rocubert Paredes, VP of Technology; and Jessica Armada, Head of Finance.
Majority of TikTok ‘Finfluencers’ Breaking FCA Rules, Analysis Finds
New analysis has uncovered rampant non-compliance amongst popular TikTok ‘finfluencers’
GNOMI Launches the Only ‘Finance Mode’ with Real-Time Global Earnings Calls and Generative Market Intelligence
GNOMI, the AI platform redefining how people access and act on real-time information, today unveiled Finance Mode - the first agentic AI experience for live, multilingual global market coverage.
Revolut Completes Fundraising Process Establishing $75 Billion Valuation
Revolut, the global fintech leader with over 65 million customers worldwide, has today announced the completion of a share sale, valuing the company at $75 billion
How USAA Builds Digital Experiences Around Its Members
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Spayce: Organic Growth, Own Tech, New Wallet
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
EXCLUSIVE: “Check, Check… and Check!” – Pilar Fragalà, CBI in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
BBVA: Digital Identity Will Transform KYC
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Pocket Network Is Pioneering ‘DePIN for Data’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Kea Rolls Out Local Payouts in 85+ Currencies
Kea has launched global Local Payouts in 85+ currencies for businesses that move money across borders
Friendly Fraud Expected to Increase by 25% Between Thanksgiving and Cyber Monday, Warns ACI Worldwide
Friendly fraud’ is expected to increase by 25% between Thanksgiving and Cyber Monday, according to an analysis of billions of transactions by ACI Worldwide