For the week of August 29^th to September 4^th, 2022, there were some key developments in the Global, Regional and Nigerian Islamic Finance Market.
 

Some of the key events includes: 

Fitch: ESG-Linked Sukuk Will Continue to Lead Issuance in Core Islamic Finance Jurisdictions

Environmental, Social and Governance- (ESG) linked Sukuk are expected to remain a significant issuance theme in core Islamic finance jurisdictions, supported by increasing investor demand and awareness, as well as government policies that support sustainability and economic diversification, according to Fitch Ratings.

This was monitored by Islamicmarkets.com and reinforces the need for nations like Nigeria, to explore the opportunities in the non-interest finance as it seeks to implement its $410bn energy transition plan by 2060. 

North America Ready to Adopt New Islamic Financial Products Amid Growing Demand for ESG Finance

According to IFN news, the North American region is preparing to launch new Islamic financial products on the back of growing demand amid the mainstreaming of ESG instruments.

As the world begins to embrace sustainable financing, regions are understanding the value of the Islamic finance market in achieving this.

SEC Nigeria Approves Trust Arthur’s Rebranding as a Non-Interest Asset Management Company

As part of its regulatory mandate of creating a fair, transparent, and efficient non-interest finance market in Nigeria, the Securities and Exchange Commission has approved the rebranding of the corporate name “Trust Arthur” as an A NON-INTEREST ASSET MANAGEMENT COMPANY.

Before this approval, TrustBanc Arthur's division of TrustBanc Asset Management under the TrustBanc Group was established in October 2020 to create impact investments aimed at achieving human well-being and communal good life. 

With the new corporate name Trust Arthur will now operate as a full-fledged non-interest financial institution, with unique specialties in Islamic Finance structure FINANCE, investment MANAGEMENT, and BESPOKE advisory SERVICES.

Why Non-Interest Financial Institutions Should Invest in Women? 

Speaking recently on “Opportunities for Women to Invest in the Non-Interest Finance Market." Ayotunde Aminu, Audit Manager, Deloitte Nigeria, gender parity advocate and Islamic Finance enthusiast, believes non-interest financial institutions can significantly empower women in Nigeria through innovative products and investment opportunities for them.