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Needed now: Islamic SWFs

From Gulfnews.com: It took Islamic finance 40 years to reach the magical $1 trillion (Dh3.67 trillion) benchmark, and this niche market is on the march towards the next milestone of $2 trillion within the next five years — with Moody's predicting $5 trillion. (more...)

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Islamic bond sales rise 24pct as Sukuk outperforms

From Bloomberg: Islamic bond sales are growing at the fastest pace since 2007 as yields on securities complying with the religions ban on interest fall more than those on emerging- market debt even as Europe’s debt crisis worsens. (more...)

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Qatar Islamic bank to sell $750 mln Sukuk in 2010

From Businessweek.com: Qatar Islamic Bank SAQ, the Gulf state’s biggest Shariah-compliant lender, plans to sell as much as $750 million of bonds in its first Islamic debt offering, according to the company’s chief executive. (more...)

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$100mln real estate sukuk a success

From Tradearabia.com: The $100 million Commercial Real Estate Sukuk (Kuwait) has been successfully settled and paid for on its maturity date. (more...)

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Malaysia releases Sukuk bond details

From WSJ: Malaysia's dollar-denominated global Islamic bond, or sukuk, will have a five-year maturity and will be structured under the Ijarah concept, the lead managers for the sale said Wednesday. (more...)

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Islamic finance shows positive development trend

From Peopledaily.com.cn: Malaysian Prime Minister Najib Razak said here on Wednesday the development of Islamic finance was showing positive trend with growth as much as 10 to 15 percent recorded in some countries of the Islamic world. (more...)

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Malaysia: PM calls for Islamic finance transformation

From Thestar.com.my: Muslim countries must continue to play a leading role in transforming Islamic finance into a widely accepted system that is central to long-term economic stability globally, said Prime Minister Datuk Seri Mohd Najib Abdul Razak. (more...)

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Australia to review treatment of Islamic finance

From Bernama: The Australian government has asked its Board of Taxation to review the treatment of Islamic finance in Australia. "The review will be a comprehensive analysis of Australia's tax laws to ensure, where possible, they do not inhibit the provision of Islamic finance, banking and insurance products," Australia's Assistant Treasurer Senator Nick Sherry said in a statement on Wednesday. (more...)

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IDA pushes IFSC as major hub for Islamic banks and funds

From Independent.ie: IDA Ireland is understood to be planning to lead a roadshow to the Middle East as part of an effort to turn the International Financial Services Centre (IFSC) into a European hub for Islamic banks and funds. (more...)

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Bank proposed to fund Muslim green energy

From Thenational.ae: A new bank to finance clean energy projects in the Muslim world could be part of an effort by Islamic countries to forge closer economic bonds, Malaysia’s prime minister says. (more...)

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DIB sweetens Islamic loan market

From Thenational.ae: Dubai Islamic Bank (DIB) thinks it has a sweet deal for its customers – personal loans backed by sugar. The country’s oldest Islamic institution is offering the first Sharia-compliant personal loan in the Arab world. (more...)

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Jordan Islamic Bank sees double-digit growth - CEO

From Dailystar.com.lb: Jordan Islamic Bank, the country’s largest Islamic lender, expects double-digit growth this year as it taps fast-rising demand for Sharia-compliant products in an otherwise sluggish overall market, its CEO Musa Abdel-Aziz Shihadeh said. (more...)

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HLTM Takaful’s new shariah plan

From Btimes.com.my: HONG Leong Tokio Marine Takaful Bhd (HLTM Takaful) has launched a new five-year syariah-compliant investment-linked plan that invests in Chinese stocks. (more...)

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