The Most Up-to-Date islamic finance News

Pakistan finalizes IMF-backed plan to extend debt maturities, boost sustainability
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Pakistan finalizes IMF-backed plan to extend debt maturities, boost sustainability

Strategy aims to lengthen repayment timelines for domestic and external debt, curb refinancing risks, and align with IMF conditions by 2028

Global ESG sukuk set to exceed $60B by 2026 despite market headwinds: Fitch
Markets

Global ESG sukuk set to exceed $60B by 2026 despite market headwinds: Fitch

Fitch sees growing investor interest and regulatory support, but warns of seasonal slowdown and long-term risks

Pakistan launches first fully subscribed PKR 2B agri-infrastructure Sukuk
Markets

Pakistan launches first fully subscribed PKR 2B agri-infrastructure Sukuk

The Sukuk is Shariah-compliant and carries a long-term AAA credit rating

Pakistan enacts virtual assets act, launches new regulatory authority
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Pakistan enacts virtual assets act, launches new regulatory authority

The new law sets up PVARA to license, regulate, and supervise all virtual asset service providers in Pakistan

Global sukuk issuance to slow in 2025's third quarter after record first half, Fitch predicts
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Global sukuk issuance to slow in 2025's third quarter after record first half, Fitch predicts

Volumes surpass $1 trillion for the first time in FY25's first half, but seasonal trends and geopolitical risks expected to temper Q3 activity

Pakistan’s central government debt surges to PKR 76 trillion by May
Business

Pakistan’s central government debt surges to PKR 76 trillion by May

Shift toward long-term borrowing and broader investor base aims to stabilize debt profile, says finance minister