Islamic finance wrap: Malaysia’s Maybank launches Islamic wealth … – Salaam Gateway

Islamic finance wrap: Malaysia’s Maybank launches Islamic wealth … – Salaam Gateway

Here's a roundup of key developments across the Islamic finance ecosystem during the first two weeks of November





Editor's note: With the UAE set to host the COP climate summit later this month, Islamic financial institutions are taking cue and accelerating down the 'green road'. 





Abu Dhabi Islamic Bank (ADIB) rolled out a $500 million green sukuk, as well as a three-year ESG strategy.





In other news, Australia's first ever sukuk active ETF was launched, while Islamic banking window of Oman's BankDhofar launched a new debit card campaign. Malaysia's Maybank rolled out its Islamic wealth management hub in Singapore. 





 





Company News





AustraliaHejaz Group launches Australia’s first ever Sukuk Active ETF Hejaz Group has introduced Australia's inaugural Sukuk active exchange-traded fund (active ETF), the Hejaz Sukuk Active ETF (Managed Fund), available on the ASX starting November 2, 2023.





This marks the country's first Shariah-compliant bond alternative for investors, allowing participation in a Islamically-aligned fixed-income asset similar to traditional bond ETFs. (Zawya)





PakistanMeezan Bank collaborates with SAFCO Microfinance Company Islamic lender Meezan Bank has partnered