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PwC: Islamic finance needs better offering

From Thestar.com.my: The Islamic finance sector must come up with more competitive products and prices so that it can better meet demand from more sophisticated customers. (more...)

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Development projects in Asia, Middle East to spur Sukuk growth

From Bloomberg: Islamic bond sales will pick up next year as governments in Asia and the Middle East spend more on roads and other infrastructure developments, according to Barclays Capital and CIMB Group Holdings Bhd. (more...)

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UK government ‘warms to idea of sovereign sukuk’

From Vladtepesblog.com: The UK’s new Conservative-Liberal Democrat coalition government is set to revisit plans to issue the country’s first sovereign Islamic bond, or sukuk, according to a banker advising British leaders on the issue. (more...)

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MFSA keeping an eye on sukuk financing

From Di-ve.com: The Malta Financial Services Authority is currently following international developments on the issuing of sukuk financing, Finance Minister Tonio Fenech said, but a consultation document on the matter is yet to arrive. (more...)

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Jordan may sell bonds internationally, minister says

From Bloomberg: Jordan may sell bonds internationally to help the government with its finances and take advantage of low borrowing costs, Finance Minister Mohammad Abu Hammour said. (more...)

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Mumtalakat is ready to launch bonds roadshow

From Gulf-daily-news.com: Bahrain's sovereign wealth fund has joined a rush by Gulf entities to market bonds and it plans to meet Asian and European fixed income investors. (more...)

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Pakistan developing Shariah-compliant products for money market

From Bloomberg: Pakistan’s central bank is developing Shariah-compliant products for its interbank money market as a shortage of investment options hurts earnings at Islamic lenders. (more...)

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Ithmaar fully sharia-compliant says bank

From Tradearabia.com: Ithmaar Bank is fully sharia-compliant and has, in this regard, the full support of its independent Sharia board as well as the Central Bank of Bahrain, a statement said. (more...)

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The sovereign debt crisis and Islamic banking

From Aawsat.com: No sooner had the world begun to pick up the pieces in the wake of the US subprime mortgage crisis than another emerged, namely the sovereign debt crisis, which is something that I warned against in previous articles. (more...)

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Bank Permata offers new sharia financing scheme

From Thejakartapost.com: Bank Permata launched a new sharia financing scheme in housing sector called Ijarah Muntahiyah Bittamlik, claimed to be the first in Indonesia. (more...)

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Reach out to rural areas with microcredit, Bank Islam urged

From Thestar.com.my: Prime Minister Datuk Seri Najib Tun Razak has urged Bank Islam to reach out to the rural population by introducing the Ar-Rahnu microcredit system that has proven to be successful in helping small and medium businesses in urban areas. (more...)

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Saadiq aims to contribute 14 pct growth to Stanchart's total assets

From Bernama: Standard Chartered Saadiq Bhd (Saadiq), the Islamic banking arm of Standard Chartered Bank Malaysia Bhd (Stanchart), hopes to increase its contribution to the group's total assets to 14 per cent this year from 11 per cent last year. (more...)

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GCC banks to recover next year: Moody's

From Business24-7.ae: Banks in the UAE and the nearby Gulf nations are slowly forcing their way out of the clutches of the global fiscal distress and regional debt default problems but a full recovery will be achieved in 2011, according to Moody's Investment Service. (more...)

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Bank Islam to tap potential markets for pawnbroking services

From Bernama: Bank Islam Malaysia Bhd plans to tap potential markets like Terengganu, Kedah, Perlis, Pahang and Kuala Lumpur for the Islamic pawnbroking services or Ar-Rahnu, managing director Datuk Seri Zukri Samat said Wednesday. (more...)

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Nigeria: Islamic banking - NDIC sends six to Malaysia

From Allafrica.com: In readiness for the take off the Islamic banking in Nigeria, Nigeria Deposit Insurance Corporation (NDIC) has concluded arrangements to send six of its personnel to Malaysia to acquire the necessary exposure on Islamic Deposit Insurance and Islamic banking. (more...)

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Saudi's SABIC gets $1bln credit from Alinma Bank

From Arabianbusiness.com: Saudi based Alinma Bank said it would grant a $1 billion credit facility to Saudi Basic Industries Corp (SABIC), plugging a financing gap at the world's biggest petrochemicals group. (more...)

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Kurnia seeks takaful licence

From Thestar.com.my: Kurnia Asia Bhd has applied for a takaful licence and is awaiting the response from Bank Negara, said director of corporate planning/investor relations Dr James Tee. (more...)

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