Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-settings.php on line 468

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-settings.php on line 483

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-settings.php on line 490

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-settings.php on line 526

Strict Standards: Declaration of Walker_Page::start_lvl() should be compatible with Walker::start_lvl(&$output) in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/classes.php on line 594

Strict Standards: Declaration of Walker_Page::end_lvl() should be compatible with Walker::end_lvl(&$output) in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/classes.php on line 594

Strict Standards: Declaration of Walker_Page::start_el() should be compatible with Walker::start_el(&$output) in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/classes.php on line 594

Strict Standards: Declaration of Walker_Page::end_el() should be compatible with Walker::end_el(&$output) in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/classes.php on line 594

Strict Standards: Declaration of Walker_PageDropdown::start_el() should be compatible with Walker::start_el(&$output) in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/classes.php on line 611

Strict Standards: Declaration of Walker_Category::start_lvl() should be compatible with Walker::start_lvl(&$output) in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/classes.php on line 705

Strict Standards: Declaration of Walker_Category::end_lvl() should be compatible with Walker::end_lvl(&$output) in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/classes.php on line 705

Strict Standards: Declaration of Walker_Category::start_el() should be compatible with Walker::start_el(&$output) in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/classes.php on line 705

Strict Standards: Declaration of Walker_Category::end_el() should be compatible with Walker::end_el(&$output) in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/classes.php on line 705

Strict Standards: Declaration of Walker_CategoryDropdown::start_el() should be compatible with Walker::start_el(&$output) in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/classes.php on line 728

Strict Standards: Redefining already defined constructor for class wpdb in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/wp-db.php on line 306

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/cache.php on line 103

Strict Standards: Redefining already defined constructor for class WP_Object_Cache in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/cache.php on line 425

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/query.php on line 21

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/theme.php on line 618

Strict Standards: Redefining already defined constructor for class WP_Dependencies in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/class.wp-dependencies.php on line 15

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 716

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 1083

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 1591

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 1632

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 1652

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 1752

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 1955

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2353

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2357

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2361

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2365

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2413

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2435

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2440

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2444

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2448

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2496

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2518

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2922

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2930

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2938

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2946

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 2954

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3295

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3299

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3303

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3307

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3368

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3390

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3429

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3451

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3456

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3460

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3464

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3468

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3778

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3810

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3840

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3863

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3874

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3884

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3906

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3920

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3947

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 3973

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4162

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4175

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4196

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4209

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4237

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4251

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4273

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4287

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4491

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4527

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4563

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4589

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4618

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4632

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4663

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4693

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4846

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4871

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4903

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4929

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 4983

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5112

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5148

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5181

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5212

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5316

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5348

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5387

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5423

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5458

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5493

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5500

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5785

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5789

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5793

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5797

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5845

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5867

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5872

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5876

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5880

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5928

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 5950

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 6387

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 7583

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 7644

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 7725

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 12572

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 12637

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 12662

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/simplepie-core/simplepie.inc on line 13218

Deprecated: Assigning the return value of new by reference is deprecated in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/wp-o-matic/wpomatic.php on line 2076

Deprecated: Non-static method WPOTools::pick() should not be called statically, assuming $this from incompatible context in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/wp-o-matic/wpomatic.php on line 410

Deprecated: Non-static method WPOTools::getQueryArgs() should not be called statically, assuming $this from incompatible context in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/wp-o-matic/wpomatic.php on line 959

Deprecated: Non-static method WPOTools::getOptions() should not be called statically, assuming $this from incompatible context in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-content/plugins/wp-o-matic/inc/tools.class.php on line 98

Warning: Cannot modify header information - headers already sent by (output started at /home/opalesqu/public_html/IslamicFinance_Briefing/index.php:7) in /home/opalesqu/public_html/IslamicFinance_Briefing/wp-includes/feed-rss2.php on line 8
Opalesque Islamic Finance Briefing » Research http://www.opalesque.com/IslamicFinance_Briefing Mon, 26 Aug 2013 06:56:06 +0000 http://wordpress.org/?v=2.6 en RHB Research projects Takaful Malaysia’s 1Q FY13 earnings at RM30 mln http://www.opalesque.com/IslamicFinance_Briefing/?p=20419 http://www.opalesque.com/IslamicFinance_Briefing/?p=20419#comments Fri, 03 May 2013 01:32:00 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=20419 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=20419>Article Link</a> RHB Research has estimated Syarikat Takaful Malaysia Bhd’s earnings for the first quarter ended March 31, 2013, to be higher at about RM30 million from RM26.3 million recorded in the same quarter last year.
The research house said Takaful Malaysia’s bancatakaful and agents would continue being the main drivers of the growth, on the back of its rejuvenated “We Should Talk” campaign as well as its enhanced sales force. “Takaful Malaysia is expected to release its first quarter results as early as May 17………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=20419
Sukuk issuance to hit USD275bln by 2013-end http://www.opalesque.com/IslamicFinance_Briefing/?p=20350 http://www.opalesque.com/IslamicFinance_Briefing/?p=20350#comments Tue, 23 Apr 2013 01:02:43 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=20350 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=20350>Article Link</a> The volume of sukuk (Islamic bonds) issued by end of the first quarter of 2013 reached $34.2 billion, increasing on a quarterly based rate at 21.5 percent, after an abundant year that witnessed a 54 percent increase in issuance, Kuwait Finance House (KFH)-Research said Sunday.
Sovereign issuances continue to dominate sukuk issuance, followed by issuances of corporates, then sub-sovereign authorities. The sukuk issuance is expected to reach $275 billion by the end of the year, it said………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=20350
Islamic microfinance market size touches $1 bln http://www.opalesque.com/IslamicFinance_Briefing/?p=20297 http://www.opalesque.com/IslamicFinance_Briefing/?p=20297#comments Wed, 17 Apr 2013 00:09:30 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=20297 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=20297>Article Link</a> Islamic Microfinance is rapidly gaining acceptance in Muslim and Non- Muslim countries due to its remarkable performance in poverty eradication; because of which, this industry is making quick progress. According to our careful estimate Islamic Microfinance market’s worth has reached $1 billion.
These views were expressed by Muhammad Zubair Mughal, the Chief Executive Officer of AlHuda Centre of Islamic Banking and Economics (CIBE). He said that currently more than 300 Islamic Microfinance institutions are offering their services to 1.6 million clients in almost 32 countries. ……………………………………Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=20297
Research partnership takes on Islamic finance http://www.opalesque.com/IslamicFinance_Briefing/?p=20157 http://www.opalesque.com/IslamicFinance_Briefing/?p=20157#comments Thu, 04 Apr 2013 00:00:03 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=20157 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=20157>Article Link</a> A research partnership has been formed to create case studies for business school programs, spelling out the commercial implications of Islamic finance. Deloitte’s Islamic Finance Knowledge Centre (IFKC), a think tank based in Bahrain, is partnering with INCEIF, the Global University of Islamic Finance in Malaysia, and the University of Reading’s Henley Business School in England, says IFKC Director Hatim El Tahir.
Islamic finance refers to banking activity that follows the principles of Islamic religious law, or sharia, which prohibits practices that are common in the rest of the world, including charging interest for loans………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=20157
Key GCC Islamic banking assets rise to $445bln http://www.opalesque.com/IslamicFinance_Briefing/?p=20139 http://www.opalesque.com/IslamicFinance_Briefing/?p=20139#comments Wed, 03 Apr 2013 01:41:56 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=20139 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=20139>Article Link</a> Islamic banking assets with commercial banks in the GCC reached $445 billion at the end of last year, up from $390bn in 2011, according to recent estimates by Ernst & Young’s Global Islamic Banking Centre. Reports indicate that in 2012, the Islamic banking industry in the GCC registered a 14 per cent year-on-year growth, which represents a slight deceleration in the average growth rate over the past five years of 19pc.
Reports also indicate that profitability now looks to be stabilising in major Islamic banking markets though Islamic banks have experienced a mixed recovery across markets………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=20139
Deloitte kicks off Islamic finance research http://www.opalesque.com/IslamicFinance_Briefing/?p=20122 http://www.opalesque.com/IslamicFinance_Briefing/?p=20122#comments Wed, 03 Apr 2013 01:37:45 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=20122 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=20122>Article Link</a> The Deloitte Middle East Islamic Finance Knowledge Centre (IFKC) based in Bahrain has launched a collaborative research initiative with INCEIF — The Global University of Islamic Finance, Malaysia and the Henley Business School, University of Reading, UK.
This initiative will pave the way for research as well as thought leadership pieces in the Islamic finance sector that will enhance the knowledge and skills of market participants and promote leading business practices through thought leadership programmes. INCEIF and Henley Business School are already strategic academic collaboration partners and are now expanding their partnership to the industry in association with Deloitte’s IFKC………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=20122
The top 10 Islamic fund houses by assets http://www.opalesque.com/IslamicFinance_Briefing/?p=19927 http://www.opalesque.com/IslamicFinance_Briefing/?p=19927#comments Wed, 13 Mar 2013 00:20:11 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19927 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19927>Article Link</a> Islamic assets have been on the rise, driven by greater issuance of sukuk, or Islamic bonds. Last year saw a new record for Islamic debt issuance globally, 77% of which emanated from Malaysia. But while the global bond market stands at $100 trillion, the sukuk market is still tiny by comparison, at just $100 billion. It is this room for growth that industry participants are eager to capitalise on.
According to AsianInvestor findings, the top 50 by AUM have combined assets of $72.9 billion, split fairly evenly between equities and fixed income/money market/sukuk, with the remaining 10% or less in Islamic private equity and other alternatives………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19927
New sukuk issuances to exceed $100bln http://www.opalesque.com/IslamicFinance_Briefing/?p=19910 http://www.opalesque.com/IslamicFinance_Briefing/?p=19910#comments Tue, 12 Mar 2013 00:47:45 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19910 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19910>Article Link</a> There is little to hinder another strong performance by the sukuk market in the next few years, Standard & Poor’s said. Investors Are Snapping Up Sukuk, Despite Questions About Creditworthiness.” “Global issuance expanded for the fourth year in a row in 2012, growing 64% to about $138 billion, and we expect another strong few years,” said Standard & Poor’s credit analyst Paul-Henri Pruvost.
Despite increased growth, the market for sukuk, the Islamic equivalent of bonds, is still a small segment of the global fixed-income world. Sukuk comply with Sharia law, meaning they do not technically pay interest; rather, they are structured to provide sukuk holders a profit margin. While still considered an alternative investment, S&P believes the sukuk market has the potential to grow and join the mainstream………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19910
KFH research: $22 bln Sukuk issuing by end of February http://www.opalesque.com/IslamicFinance_Briefing/?p=19888 http://www.opalesque.com/IslamicFinance_Briefing/?p=19888#comments Mon, 11 Mar 2013 01:30:36 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19888 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19888>Article Link</a> Kuwait Finance House Research (KFH Research) stated in a report that the total Sukuk issuance for the past January and February reached $22 billion through 160 issuance processes; Malaysia ringgit purchased the largest share.
While the sovereign Sukuk remained the prevailed ones; like the last year. Sukuk issuance momentum continues in 2013 with a total issuance of $22 billion to date. Despite this being lower than the $28.3 billion issued over the same period of 2012, the monthly average for the year is slightly higher than seen throughout 2012 and provides an initial annualised forecast of $132 billion for the year………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19888
Islamic finance: Myth vs reality http://www.opalesque.com/IslamicFinance_Briefing/?p=19863 http://www.opalesque.com/IslamicFinance_Briefing/?p=19863#comments Fri, 08 Mar 2013 01:18:08 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19863 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19863>Article Link</a> Misconception 1: Islamic finance is a front for financing terrorism. Facts: Islamic finance is a genuine, legitimate business, offering Sharia-compliant financial products as an alternative to existing financial products.
Islamic financial institutions are regulated and supervised in several jurisdictions and bound by strict laws, including anti-terrorism and anti-money laundering laws………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19863
Profit shortfall slows Shariah bank expansion: Islamic finance http://www.opalesque.com/IslamicFinance_Briefing/?p=19846 http://www.opalesque.com/IslamicFinance_Briefing/?p=19846#comments Wed, 06 Mar 2013 00:31:40 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19846 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19846>Article Link</a> Islamic banks say their small scale and a lack of risk-management products makes it harder for them to compete, after Ernst & Young LLP warned lower profitability threatens to slow expansion of the $1.8 trillion industry.
The average return on equity at Shariah-compliant lenders was 11.6 percent in 2011, compared with 15.3 percent at their non-Islamic counterparts, according to a December report by Ernst & Young that covered 12 countries. The use of hedging and treasury solutions is lagging behind, Haszeri Hussin, head of Islamic global markets at Hong Leong Islamic Bank Bhd. (HLBK), a unit of Malaysia’s fourth-biggest lender, said………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19846
Qatar, UAE banks ‘to give impetus’ to 2013 debt issue http://www.opalesque.com/IslamicFinance_Briefing/?p=19839 http://www.opalesque.com/IslamicFinance_Briefing/?p=19839#comments Wed, 06 Mar 2013 00:29:47 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19839 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19839>Article Link</a> Banks in Qatar, along with those in the UAE, will provide the impetus for debt issue this year in view of high macroeconomic and credit growth as well as low interest rates, according to global credit rating agency Standard and Poor’s (S&P). “We expect most of the impetus to come from banks in the UAE, the largest issuers in 2012, and Qatar, where issuance has been steadily increasing,” S&P said in its latest report.
Finding that banks in Qatar raised $4.5bn in bonds and sukuk last year, of which QNB issued $2bn, followed by Qatar Islamic Bank ($750mn) and International Islamic ($700mn), Commercialbank and Doha Bank $500mn each in five-year notes; it said the country continues to display very strong domestic growth that is fostering the increase in issuances………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19839
Dubai banking outlook is much improved http://www.opalesque.com/IslamicFinance_Briefing/?p=19654 http://www.opalesque.com/IslamicFinance_Briefing/?p=19654#comments Mon, 18 Feb 2013 23:40:07 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19654 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19654>Article Link</a> As the financial reports for 2012 become available, it is clear that there has been a significant improvement in the balance sheets of banks in Dubai. The negative impact of the property crash of 2008-09 is diminishing and asset quality is improving.
The largest bank in Dubai, Emirates NBD, revealed results beyond expectations for 2012, which caused a one third rise in its share price in January. While there will be some profit taking, the longer-term share price outlook is now positive given the management strategy of the bank, which is to focus on retail business…………………………………….Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19654
Sukuk market to grow 30pct in 2013 http://www.opalesque.com/IslamicFinance_Briefing/?p=19649 http://www.opalesque.com/IslamicFinance_Briefing/?p=19649#comments Sun, 17 Feb 2013 23:53:53 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19649 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19649>Article Link</a> The sukuk (Islamic bond) market is expected to grow by around 30 percent this year, buoyed by sovereign sukuk that will continue to dominate, supported by emerging of new countries that issue sukuk, Kuwait Finance House (KFH) said in a recent report.
Sukuk issuance will grow this year by 20-30 percent after the momentum witnessed by the issuance process last year that was worth $131 billion, the report, compiled by the KFH-Research, showed. The share of the Middle East of issuance in 2012 increased; especially in Saudi Arabia and UAE, it said, noting that the returns on sukuk increased during the same year, compared to returns in 2011………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19649
Islamic banking assets may surpass $1.8 trln in 2013: Ernst & Young http://www.opalesque.com/IslamicFinance_Briefing/?p=19528 http://www.opalesque.com/IslamicFinance_Briefing/?p=19528#comments Tue, 05 Feb 2013 23:44:35 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19528 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19528>Article Link</a> Islamic banking assets with commercial banks globally grew to USD 1.3 trillion in 2011 and, one potential scenario projects it to reach USD 1.8 trillion in 2013, representing average annual growth of 17 per cent, says a report.
According to Ernst & Young’s World Islamic Banking Competitiveness Report 2013, Islamic banking assets with commercial banks globally grew to USD 1.3 trillion in 2011, suggesting an average annual growth of 19 per cent over past four years (24 per cent in 2011). The top four markets account for 84 per cent of industry assets………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19528
Islamic financial institutions boosting Shariah investments http://www.opalesque.com/IslamicFinance_Briefing/?p=19435 http://www.opalesque.com/IslamicFinance_Briefing/?p=19435#comments Tue, 29 Jan 2013 01:13:54 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19435 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19435>Article Link</a> Ernst and Young (E&Y) said that Islamic financial institutions in Southeast Asia and the Middle East and Africa (MEA) region are boosting their investments that are carried out in line with Shari’ah, as these economies have surpassed the global economic expansion since the start of the new millennium, and developed their regulatory system to stimulate Islamic banking.
However, financial institutions and banks in the US and Europe have trimmed their exposure in banking in line with Islamic law, due to the financial crisis that forced them to return to their roots by lowering their exposure in foreign fields, including Islamic finance, and by limiting their investments in emerging markets………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19435
Sukuk story remains strong in 2012 and 2013 http://www.opalesque.com/IslamicFinance_Briefing/?p=19321 http://www.opalesque.com/IslamicFinance_Briefing/?p=19321#comments Thu, 17 Jan 2013 00:51:48 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19321 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19321>Article Link</a> The global sukuk market has had another very successful year. 2012 performance was strong, consistent and on a positive trajectory throughout the year with slight bouts of volatility in January, May and August.
Global sukuk, measured by the S&P Dow Jones Sukuk Index, has returned 8% in 2012, 14.2% over two years and 28.8% over five years. These correspond to annualized returns of 8.2%, 6.9% and 5.2% over one-, two- and five-year time frames, respectively………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19321
Outstanding global sukuk reaches $240bln on back of $140bln sold in 2012 http://www.opalesque.com/IslamicFinance_Briefing/?p=19320 http://www.opalesque.com/IslamicFinance_Briefing/?p=19320#comments Thu, 17 Jan 2013 00:51:34 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19320 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19320>Article Link</a> $140 billion worth of sukuk were issued in 2012 globally, according to Zawya’s 4Q12 Sukuk Quarterly Bulletin, a 64% increase from 2011’s $85 billion. Last year marked the best year on sukuk record, taking the global outstanding sukuk market to an unprecedented height of $240 billion as of end 2012.
Malaysia continues to be the largest sukuk market with $154 billion or 64% of the total outstanding sukuk market, followed by UAE and Saudi Arabia with around $20 billion, or approximately 9% and 8% respectively. Qatar and Indonesia follow, on 7% and 6% respectively. The list of countries of issuers with outstanding sukuk is now longer than ever, counting 22 countries with outstanding sukuk by end 2012, according to Zawya estimates………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19320
Amin: “IMF may have required Islamic Sukuk” http://www.opalesque.com/IslamicFinance_Briefing/?p=19318 http://www.opalesque.com/IslamicFinance_Briefing/?p=19318#comments Thu, 17 Jan 2013 00:51:05 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19318 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19318>Article Link</a> Prominent economist and author of Whatever Happened to Egyptians Galal Amin has expressed his doubts on the new Sukuk Islamic bonds the government is introducing. Amin and other economists gave their diagnosis of the Egyptian economy and cast their predictions for 2013 at a media roundtable held at the American university in Cairo (AUC) on Wednesday.
“It is difficult to predict the future,” started the professor emeritus at AUC, explaining that the economic crisis has political causes, among which he mentioned was the lack of security, a lack of trust and above all the nature and content of political discourse bringing Egypt “back to the medieval ages”………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19318
Global sukuk issuance hits $131bln in 2012 http://www.opalesque.com/IslamicFinance_Briefing/?p=19266 http://www.opalesque.com/IslamicFinance_Briefing/?p=19266#comments Mon, 14 Jan 2013 00:53:43 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19266 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19266>Article Link</a> Total sukuk issuance in 2012 reached $131bn, an increase of 54 percent on the previous year, according to a new report by KFH-Research. The report said that Malaysia and the ringgit continued to dominate the market of sovereign sukuk issuance while other top countries in sukuk issuance were Saudi Arabia, UAE, and Indonesia.
KFH-Research said sukuk issuances continued “at decent levels” in December closing off a “tremendous year” for the Islamic capital markets………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19266
Mideast M&A activity hits $20 bln in 2012 http://www.opalesque.com/IslamicFinance_Briefing/?p=19247 http://www.opalesque.com/IslamicFinance_Briefing/?p=19247#comments Mon, 14 Jan 2013 00:49:26 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19247 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19247>Article Link</a> Middle Eastern investment banking fees reached $536.1 million during 2012, a 19 percent increase over 2011, according to a report from Thomson Reuters. It also said M&A (mergers and acquisitions) transactions with Middle Eastern targets reached $20.0 billion last year, double the activity seen in the region during 2011 ($9.8 billion), and the strongest annual total since 2008.
Islamic debt issuance reached $37.1 billion from 91 issues during 2012, an increase of 11 percent from 2011, and marking the all-time strongest year for Islamic debt activity. The top Islamic debt issuer nation during 2012 was Malaysia with 48 percent of the activity, while the strongest industry was the financials sector………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19247
Ernst &Young: Global Islamic assets expected to reach US$1.8 trillion http://www.opalesque.com/IslamicFinance_Briefing/?p=19162 http://www.opalesque.com/IslamicFinance_Briefing/?p=19162#comments Fri, 04 Jan 2013 00:33:41 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19162 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19162>Article Link</a> Global Islamic banking assets held by commercial banks are set to cross US$1.8t in 2013, up from the US$1.3t of assets held in 2011, according to Ernst & Young’s World Islamic Banking Competitiveness Report 2013.The forecast is significantly higher than some of the earlier industry estimates.
Globally, the Islamic banking industry continues to record robust growth, with the top 20 Islamic banks registering a growth of 16% in the last three years and Saudi Arabia emerging as the largest market for Islamic assets………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19162
Sukuk seen topping $46 bln record on debuts http://www.opalesque.com/IslamicFinance_Briefing/?p=19147 http://www.opalesque.com/IslamicFinance_Briefing/?p=19147#comments Wed, 02 Jan 2013 00:12:48 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19147 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19147>Article Link</a> Global sukuk sales will challenge this year’s record of $46 billion in 2013 as countries such as Oman, Tunisia and Egypt tap the market for the first time, CIMB Group Holdings Bhd. and OCBC Al-Amin Bank Bhd. say.
Borrowing costs on Shariah-compliant debt have fallen 11.4 percentage points to 2.82 percent since the end of 2008 as central banks in Europe, the U.S. and Japan pumped funds into their economies to spur growth. Demand will be driven by the rise in Islamic banking assets, which may reach $1.8 trillion next year, compared with $1.3 trillion in 2011, led by Saudi Arabia and Malaysia, Ernst & Young forecast in a Dec. 10 report………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19147
Islamic banking and finance to continue to grow in 2013 http://www.opalesque.com/IslamicFinance_Briefing/?p=19138 http://www.opalesque.com/IslamicFinance_Briefing/?p=19138#comments Wed, 02 Jan 2013 00:10:38 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19138 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19138>Article Link</a> Islamic banking and finance is likely to continue its growth trajectory next year despite the outlook of a challenging year ahead and the slowdown in global economy. The robust achievement recorded throughout the year coupled with the ‘safe-haven investment’ sentiment among investors will be the main reasons for the industry to remain favourable.
In the Economic Report 2012/2013 by the Ministry of Finance, the Islamic banking business was stated to have continued to expand in the first seven months of this year with total assets increasing 20.6 per cent to RM469.5 billion, representing 24.2 per cent of the Malaysia’s banking system’s assets………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19138
Cross examining Islamic finance http://www.opalesque.com/IslamicFinance_Briefing/?p=19137 http://www.opalesque.com/IslamicFinance_Briefing/?p=19137#comments Wed, 02 Jan 2013 00:10:23 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19137 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19137>Article Link</a> Why aren’t more Islamic financial institutions sponsoring events that connect them to the young people, next generation of clients and employees, like sporting events in Muslim countries (badminton, football or cricket) or concerts like Sami Yusuf, whose lyrics are about Islamic values?
Why don’t Islamic finance conference awards sponsors include categories like: (1) Most admired Islamic financial institution; (2) Most respected Islamic financial institution; (3) Most ESG, environment, social and governance, conscious Islamic financial institution? These awards attract the best young talent and build bridges to the non-Islamic community………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19137
OSK upbeat on insurance sector’s income http://www.opalesque.com/IslamicFinance_Briefing/?p=19130 http://www.opalesque.com/IslamicFinance_Briefing/?p=19130#comments Wed, 02 Jan 2013 00:08:43 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19130 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19130>Article Link</a> OSK Research Sdn Bhd has projected a high single-digit growth in premium income for the insurance industry next year. The growth would be supported by the growing affluence amongst the middle-income population, healthy consumer spending power and an under-penetrated market, compared to that of a developed nation.
The takaful segment is expected to continue registering a high double-digit growth of around 20 per cent through 2014. “Insurers increasingly identified takaful as a high-growth profitable segment and with a penetration rate of 13 per cent for family takaful, it indicates the latent potential for takaful versus conventional life insurance’s 55 per cent,” OSK said………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19130
United States: New Sukuk asset classes: Opportunities presented by intellectual property rights http://www.opalesque.com/IslamicFinance_Briefing/?p=19062 http://www.opalesque.com/IslamicFinance_Briefing/?p=19062#comments Thu, 13 Dec 2012 23:59:20 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19062 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19062>Article Link</a> Despite the growth of the Sukuk market, more creativity around asset classes in terms of soft ware and intellectual property rights is needed to encourage the introduction of Sukuk instruments as a viable option in western and emerging markets. To many Islamic finance practitioners, the growth in the size of the Sukuk market has not necessarily been accompanied by a deeper level of geographical or asset class diversification.
The over-reliance on real estate assets or, for that matter, governmental or quasi-governmental credit enhancements is as prevalent today as it was during the pre-credit crunch era. This phenomenon can be attributed to a number of factors some of which are driven by the dearth of Islamic finance human resources at top investment banks, investment companies and multinational corporations………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19062
PwC launches first survey for Capital Projects and Infrastructure in the Middle East http://www.opalesque.com/IslamicFinance_Briefing/?p=19054 http://www.opalesque.com/IslamicFinance_Briefing/?p=19054#comments Thu, 13 Dec 2012 23:56:34 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19054 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19054>Article Link</a> PwC launched its first survey for Capital Projects and Infrastructure in the Middle East, titled “Delivering the Middle East’s Mega Projects”. The survey reveals that investment in major projects remains positive despite challenging economic conditions both globally and in the Middle East.
66% of respondents reported spending over $100m on major projects in 2012 across a broad range of industry sectors, with 72% expecting to increase their spending in 2013. Released today, the report seeks to establish issues and challenges facing project owners and explore opportunity markets. The report also sheds light on project financing issues, including funding constraints, perception of private financing and the funding outlook for 2013………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19054
Global captive sukuk demand is expected to double:Thomson Reuters http://www.opalesque.com/IslamicFinance_Briefing/?p=19029 http://www.opalesque.com/IslamicFinance_Briefing/?p=19029#comments Wed, 12 Dec 2012 00:24:21 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19029 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19029>Article Link</a> According to the Forecast Study conducted by Thomson Reuters and Zawya in November 2012 study, global captive sukuk demand is expected to double from $240 billion in 2012 to reach $421 billion by 2016. Supply is also forecasted to grow but the spread between demand and supply is expected to widen even further to more than $280 billion within the next four years.
As Thomson Reuters reported, on the demand side, investors expect 50 percent of their portfolios to be allocated to Islamic finance investments, out of which between $200 million and $800 million, or an average of 35 percent to 40 percent, would be allocated to sukuk………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19029
Demand for Islamic bonds seen rising strongly http://www.opalesque.com/IslamicFinance_Briefing/?p=19028 http://www.opalesque.com/IslamicFinance_Briefing/?p=19028#comments Wed, 12 Dec 2012 00:24:06 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19028 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19028>Article Link</a> Demand for sukuk, or Islamic bonds, is expected to almost double in value over the next four years, driven by strong economic growth in the Middle East and Asia and their spread to new markets, according to a report by Thomson Reuters.
Sukuk are Islamic investment certificates that pay returns on money invested, instead of interest, to obey Islam’s ban on interest. They are a major funding tool for both banks and corporates in the Islamic finance industry, which has its core markets in the Middle East and southeast Asia………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19028
Global Shariah banking to hit $1.8 trillion by 2013 http://www.opalesque.com/IslamicFinance_Briefing/?p=19025 http://www.opalesque.com/IslamicFinance_Briefing/?p=19025#comments Wed, 12 Dec 2012 00:23:25 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19025 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19025>Article Link</a> Financial instruments — cash, bearer bonds, etc. — in line with Islamic law or Shariah are predicted to hit $1.8 trillion (U.S.) globally by 2013, up 38.5 percent year on year, according to American corporate auditors Ernst & Young’s World Islamic Banking Competitiveness Report 2013 released Monday. But some wonder if this growth will help radical Islamist groups.
According to the report, the top 20 Islamic banks have registered an annual growth of 16 percent over the last 3 years………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19025
Islamic banking assets to cross $1.8 trillion http://www.opalesque.com/IslamicFinance_Briefing/?p=19015 http://www.opalesque.com/IslamicFinance_Briefing/?p=19015#comments Tue, 11 Dec 2012 01:32:31 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19015 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19015>Article Link</a> Global Islamic banking assets held by commercial banks are set to cross $1.8 trillion in 2013, up from the $1.3 trillion of assets held in 2011 according to Ernst & Young’s World Islamic Banking Competitiveness Report 2013. This forecast is significantly higher than some of the earlier industry estimates.
Globally, the Islamic banking industry continues to record robust growth, with the top 20 Islamic banks registering a growth of 16 percent in the last three years and Saudi Arabia emerging as the largest market for Islamic assets. Top 20 Islamic banks hold over 50 percent of global Islamic banking assets……………………………………….Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19015
Global sukuk issuances hit $121bln in 2012 http://www.opalesque.com/IslamicFinance_Briefing/?p=19014 http://www.opalesque.com/IslamicFinance_Briefing/?p=19014#comments Tue, 11 Dec 2012 01:32:16 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19014 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19014>Article Link</a> The global sukuk market is expected to grow 141.32 per cent to reach $292 billion (Dh1.07 trillion) in issuances by 2016, up from $121 billion (Dh444 billion) in 2012, according to a latest report by Thomson Reuters.
The value of global aggregate sukuk for the period January 1996 to September 2012 is $396.4 billion, attributed to 2,790 issues. “More than 60 per cent of this total value comes from sukuk issued between 2010 and 2012, when 1,486 sukuk were issued to the tune of $248.5 billion,” the report says………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19014
Qatar issued $25bln sukuk this year http://www.opalesque.com/IslamicFinance_Briefing/?p=19013 http://www.opalesque.com/IslamicFinance_Briefing/?p=19013#comments Tue, 11 Dec 2012 01:32:03 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19013 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19013>Article Link</a> Qatar has issued Islamic bonds (sukuks) worth a staggering $25bn this year, with more than 50 percent of the subscribers representing conventional institutions — a development that indicates increasing investor confidence in Shariah-compliant investment avenues worldwide, a conference on Islamic banking and finance was told here yesterday.
Sheikh Mohamed bin Hamad bin Jassim Al Thani, Chairman of Barwa Bank, said while the world is still fighting economic downturn Islamic banking and financing activities have been witnessing growth………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19013
Bond sales by state-linked firms in GCC will ‘pick up’ http://www.opalesque.com/IslamicFinance_Briefing/?p=19012 http://www.opalesque.com/IslamicFinance_Briefing/?p=19012#comments Tue, 11 Dec 2012 01:31:47 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19012 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19012>Article Link</a> The Middle East’s biggest debt underwriter said bond sales by government-related companies in the Gulf will pick up at the start of the new year 2013 to support more than $1 trillion in planned spending.
There’s reason to be ‘optimistic’ for sales by government-related enterprises at the start of next year, said Georges Elhedery, head of global markets for the Middle East and North Africa at HSBC. Issuance this year by so-called GREs fell to about $9.9 billion from about $13 billion in 2011 and compared to $8 billion a year earlier, according to data………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19012
Saudi Arabia overtakes Malaysia as biggest mart for Islamic banking: EnY http://www.opalesque.com/IslamicFinance_Briefing/?p=19006 http://www.opalesque.com/IslamicFinance_Briefing/?p=19006#comments Tue, 11 Dec 2012 01:30:27 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19006 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19006>Article Link</a> Global Islamic banking assets held by commercial banks are set to cross $1.8 trillion in 2013, up from the $1.3 trillion of assets held in 2011, Ernst & Young’s World Islamic Banking Competitiveness Report 2013 revealed Monday.
Ashar Nazim, Partner, Global Islamic Banking Center of Excellence at Ernst & Young, said: “The top 20 Islamic banks hold 57 percent of the total global Islamic banking assets and are concentrated in the seven core markets for Islamic banking which include: Saudi Arabia, Kuwait, UAE, Bahrain, Qatar, Malaysia and Turkey.” According to the report, in 2011, the Islamic banking industry in Saudi Arabia, with an estimated $207 billion of Islamic assets, was ranked first. Malaysia, ranked second with total assets of $106 billion in 2011 and UAE ranked third with total assets of $75 billion………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19006
Islamic finance grows 50 pct faster than overall banking sector in key markets http://www.opalesque.com/IslamicFinance_Briefing/?p=19005 http://www.opalesque.com/IslamicFinance_Briefing/?p=19005#comments Tue, 11 Dec 2012 01:30:13 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19005 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19005>Article Link</a> The 2012/13 edition of the World Islamic Banking Competitiveness Report 2011/12 was launched at a specially convened session at the World Islamic Banking Conference in Bahrain. Developed in collaboration with Ernst & Young, the report entitled Growing Beyond: DNA of a Successful Transformation, was presented by Ashar Nazim, Partner, Head of Islamic Banking Excellence Center, Ernst and Young and Shoaib Qureshi, Senior Manager Islamic Financial Services MENA, Ernst and Young.
The report notes that, “Islamic banking growth outlook continues to be positive, growing 50 per cent faster than overall banking sector in several core markets with the Islamic banking assets with commercial banks globally grew to $1.3 trillion in 2011, suggesting an average annual growth of 19 per cent over past four years………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19005
Islamic banks to expand, compete for mainstream clients: study http://www.opalesque.com/IslamicFinance_Briefing/?p=19004 http://www.opalesque.com/IslamicFinance_Briefing/?p=19004#comments Tue, 11 Dec 2012 01:29:59 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=19004 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=19004>Article Link</a> Islamic banks are set to expand as they compete increasingly with conventional lenders in attracting mainstream customers, according to a report by consultancy Ernst & Young released on Monday.
The total of all commercial banks’ Islamic assets is estimated to reach $1.55 trillion this year, $1.8 trillion in 2013 and over $2 trillion mark, the report said. Gulf-based Islamic banks now have $450 billion in assets, about 30 percent of the total………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=19004
Jordan’s Islamic sector continues to expand http://www.opalesque.com/IslamicFinance_Briefing/?p=18944 http://www.opalesque.com/IslamicFinance_Briefing/?p=18944#comments Thu, 06 Dec 2012 01:30:02 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18944 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18944>Article Link</a> Jordan’s Islamic banking assets has grown at an annual rate of 13% and now accounts for 5% of the country’s total banking assets, though Islamic insurers have been more sluggish in their performance, according to a recent KFH-Research report on the Kingdom’s Islamic finance sector.
The report said that Islamic banks have outperformed conventional banks in the growth of deposits and financing, reflecting a strong demand for Islamic transactions. On the contrary, the report noted that takaful companies haven’t been performing as well, but things are expected to improve after recently receiving government backing for the growth of takaful in Jordan………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18944
Jordan to establish regional center for Islamic banking http://www.opalesque.com/IslamicFinance_Briefing/?p=18899 http://www.opalesque.com/IslamicFinance_Briefing/?p=18899#comments Mon, 03 Dec 2012 00:51:16 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18899 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18899>Article Link</a> The Jordanian government will cement the role of Islamic banking in the kingdom and establish a leading regional center for Islamic finance, especially after the rapid growth of Islamic banking in the country, due to laws that organize the work of takaful insurance and sukuk, KFH-Research said in a report recently.
The assets of the four Islamic banks operating in Jordan is $4.6 billion and forms 5 percent of total banking assets. They achieve annual growth of 13 percent and are better than traditional banks in growth of deposits and financing. This reflects high demand for transactions; especially that they offer various unique services and products………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18899
Islamic funds: Potential and pitfalls http://www.opalesque.com/IslamicFinance_Briefing/?p=18887 http://www.opalesque.com/IslamicFinance_Briefing/?p=18887#comments Fri, 30 Nov 2012 01:14:38 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18887 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18887>Article Link</a> The Shari’ah-compliant funds industry may prove to be the dark horse of Islamic finance as it gains ground outside the Muslim world. The Islamic funds industry may still be dwarfed by the likes of Takaful, Islamic banking and Sukuk but, after a troubled start, it is finally coming into its own. However, it will take a long time for the industry to recover from its tough upbringing.
In 2007 173 funds were launched, then in 2008 the recession set in and the Islamic funds industry suffered alongside ailing Western markets, with the number of funds launched falling to 78. In 2009, that figure plummeted to just 29. Islamic equity funds, which make up 10 per cent of the market, returned 10 per cent in 2010, compared with the 15 per cent return on the global equity index and significantly less than the 22 per cent average of 2009………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18887
Global Islamic banking market to exceed $2.6 trillion by 2017 http://www.opalesque.com/IslamicFinance_Briefing/?p=18886 http://www.opalesque.com/IslamicFinance_Briefing/?p=18886#comments Fri, 30 Nov 2012 01:14:23 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18886 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18886>Article Link</a> 75 per cent of the world’s UHNW (Ultra-High Net Worth) population who engage in Shari’ah-compliant finance is represented by UHNWIs in MENA, South Asia and Southeast Asia. By 2017, we expect an additional 960 UHNWIs to adopt Islamic banking, representing an average annual increase of 7.7 per cent.
With the global Islamic banking market forecast to exceed $2.6 trillion by 2017 there is immense potential in engaging UHNWIs who wish to invest in Islamic finance………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18886
Courses in Islamic finance needed http://www.opalesque.com/IslamicFinance_Briefing/?p=18692 http://www.opalesque.com/IslamicFinance_Briefing/?p=18692#comments Tue, 13 Nov 2012 03:00:53 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18692 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18692>Article Link</a> Islamic financing continued to grow in 2011 and the first half of this year to more than $ 60 billion. The forecast for this year on the Sukuk is around $ 120 billion, creating a new record.
“I would like to encourage every private as well public sector to think seriously about using the Sukuk as a source of fund,” Abdulmohsen A. Al-Fares, managing director and chief executive officer of Saudi Arabia-based Alinma Bank said. “And we are seeing many issuance over the last three years. This will continue and will see more that will help the secondary market to develop so that the government issuance of Sukuk will set as a benchmark which is very important for secondary market development. This will be strong source of funding not only in Islamic world but also globally.”……………………………………….Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18692
Islamic finance: Exotic or expansive? http://www.opalesque.com/IslamicFinance_Briefing/?p=18681 http://www.opalesque.com/IslamicFinance_Briefing/?p=18681#comments Mon, 12 Nov 2012 00:11:14 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18681 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18681>Article Link</a> Sitting in a room full of energy bankers and lawyers one evening, I listened to an esteemed Ivy League professor explain how he was able to bridge two disparate academic fields on his way to becoming one of the pioneers of Islamic finance.
Working alongside respected Islamic theologians in order to convince a wealthy Muslim investor to put his money into a particular deal, the working team repeatedly hit walls in their efforts to reconcile the concepts of risk, credit, security, and cost of capital with the documented words and actions of the Prophet Mohammed. As a last resort, the professor and the scholars tossed out their case studies and scriptures and drew up a simple analogy:……………………………………….Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18681
Sukuk: Are they a safe haven? http://www.opalesque.com/IslamicFinance_Briefing/?p=18654 http://www.opalesque.com/IslamicFinance_Briefing/?p=18654#comments Thu, 08 Nov 2012 01:05:24 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18654 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18654>Article Link</a> Since the financial crisis hit world economies, risk aversion has been a key theme for investors. Over the past year, regional bonds and sukuk have witnessed much popularity where demand has consistently outpaced supply, specifically with issues that are backed by solid balance sheets.
As global troubles continue to disturb investors, GCC debt continues to attract strong inflows. This is no surprise, as the GCC sits on trillions of dollars in surplus. According to the Sovereign Wealth Fund Institute, Middle Eastern sovereign wealth funds accounts for 35% of the world’s SWFs. Gulf countries such as Kuwait, Qatar, Saudi Arabia and the UAE are only raising funds for the sake of promoting domestic debt markets………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18654
Global sukuk on the rise with surging market confidence http://www.opalesque.com/IslamicFinance_Briefing/?p=18604 http://www.opalesque.com/IslamicFinance_Briefing/?p=18604#comments Mon, 05 Nov 2012 01:09:03 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18604 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18604>Article Link</a> Global Islamic bonds (sukuk) is seeing a steady growth path as institutions and governments worldwide issue new bonds while new incentives for regulatory and advisory bodies are said to be inspiring confidence in the market.
RHB Research Institute Sdn Bhd (RHB Research) in a research note yesterday stated that Malaysia’s corporate sukuk issuance for the third quarter of 2012 (3Q12) gained momentum with a total of RM26.8 billion issued, compared with RM13.05 billion recorded in 2Q12. The research house highlighted that ‘chunky issuances’, amongst others, came from Celcom and Tanjung Bin with RM5 billion and RM4.2 billion issued respectively………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18604
Growth in study of Islamic finance http://www.opalesque.com/IslamicFinance_Briefing/?p=18590 http://www.opalesque.com/IslamicFinance_Briefing/?p=18590#comments Mon, 05 Nov 2012 01:05:50 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18590 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18590>Article Link</a> The rise and continued growth of the Islamic finance industry has been well documented. The reports of 10, 12 and even 15 percent annual growth have captured the attention of those in conventional banking and finance. A number of Islamic banks are based in London, but the industry is mostly Malaysia and GCC-centric.
Critics of Islamic finance have stated that the label of “shariah” is not conducive to widespread development of the industry in Europe. They are known as “participation banks” in Turkey for this reason. Everybody in the industry is aware of the growth rates, the increasing issuance of Islamic bonds, called sukuk, and the continuing scandals that emerge out of the world’s financial centres such as London and New York that allow Islamic finance to market itself as a legitimate alternative system………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18590
Volume of Sukuk issuance in September USD 11.6 bln, 66pct are sovereign http://www.opalesque.com/IslamicFinance_Briefing/?p=18550 http://www.opalesque.com/IslamicFinance_Briefing/?p=18550#comments Wed, 31 Oct 2012 01:03:56 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18550 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18550>Article Link</a> The report prepared by KFH-Research regarding Sukuk in September explained that the issuance of Sukuk in September reached USD 11.6 billion with a 135% increase compared to September last year, while total volume of Sukuk issuance during the first nine months if this year reached USD 103 billion, exceeding the volume of Sukuk last year.
Sovereign Sukuk formed 66% and Malaysia was first while Turkey came in second in volume of issuance; thus making the Malaysian Ringgit the first currency followed by the US dollar………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18550
Islamic finance: Don’t worry, be happy — it’s time to cheer up http://www.opalesque.com/IslamicFinance_Briefing/?p=18478 http://www.opalesque.com/IslamicFinance_Briefing/?p=18478#comments Wed, 24 Oct 2012 00:57:01 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18478 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18478>Article Link</a> The Islamic finance market is having arguably its best year ever. After a catalogue of breakthroughs, the industry has plenty to celebrate and every reason to look forward to an even better 2013. So why is it so downbeat?
There was a oddly sombre mood at the Kuala Lumpur Islamic Finance Forum last week — odd because 2011’s event had been so upbeat and because the industry is enjoying such a successful 2012………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18478
Islamic banking market in Qatar worth $35bln: IIF http://www.opalesque.com/IslamicFinance_Briefing/?p=18455 http://www.opalesque.com/IslamicFinance_Briefing/?p=18455#comments Mon, 22 Oct 2012 01:00:31 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18455 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18455>Article Link</a> The size of Islamic banking market in Qatar is worth $35bn. The sector accounts for an estimated 19.3 percent of the country’s total banking assets. The Institute of International Finance (IIF) estimated in its latest report that the assets of Islamic Banking industry in the GCC has reached a total of $314bn by the end of 2011, representing about 19 percent of the total assets of the Gulf banks that amounts to about two trillion dollars.The IIF estimated the assets of Islamic banks around the world $1.6trn.
Saudi Arabia, with an estimated $92bn assets, leads in terms of the size of the Islamic banking market in the region, followed by the United Arab Emirates- $80bn and Kuwait at about $ 70bn. Bahrain ‘s assets has been estimated to$ 38 bn, an Arabic daily quoted IIF report as saying………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18455
Islamic finance to be demand-driven: KPMG http://www.opalesque.com/IslamicFinance_Briefing/?p=18422 http://www.opalesque.com/IslamicFinance_Briefing/?p=18422#comments Thu, 18 Oct 2012 00:54:33 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18422 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18422>Article Link</a> KPMG, a leading International firm providing Audit, Tax and Advisory services yesterday organised at the Grand Hyatt, a seminar on Islamic Finance-Lessons Learnt from abroad & Challenges faced in Oman.
This was the latest in a series of Breakfast Seminars that KPMG held earlier and is planning to hold over the coming months. This Seminar brought together people involved with Islamic Finance industry, the regulators and the support organisations………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18422
Islamic finance to thrive at faster rate in emerging economies http://www.opalesque.com/IslamicFinance_Briefing/?p=18409 http://www.opalesque.com/IslamicFinance_Briefing/?p=18409#comments Wed, 17 Oct 2012 00:17:10 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18409 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18409>Article Link</a> Islamic finance is expected to thrive at a faster rate in emerging economies given their resilient economic dynamics and potential, well as awareness of the industry, says KFH Research Ltd.
Its Managing Director/Vice Chairman, Baljeet Kaur Grewal said the liquidity in the emerging markets for Islamic finance is still growing at a robust pace and this basically is driving the demand for Islamic finance products………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18409
Islamic finance to be demand-driven: KPMG http://www.opalesque.com/IslamicFinance_Briefing/?p=18408 http://www.opalesque.com/IslamicFinance_Briefing/?p=18408#comments Wed, 17 Oct 2012 00:16:51 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18408 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18408>Article Link</a> KPMG, a leading International firm providing Audit, Tax and Advisory services yesterday organised at the Grand Hyatt, a seminar on Islamic Finance-Lessons Learnt from abroad & Challenges faced in Oman.
This was the latest in a series of Breakfast Seminars that KPMG held earlier and is planning to hold over the coming months. This Seminar brought together people involved with Islamic Finance industry, the regulators and the support organisations………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18408
Sukuk key to funding, say Standard & Poor’s http://www.opalesque.com/IslamicFinance_Briefing/?p=18332 http://www.opalesque.com/IslamicFinance_Briefing/?p=18332#comments Wed, 10 Oct 2012 00:37:51 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18332 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18332>Article Link</a> Corporate and infrastructure issuers in the Gulf region may increasingly rely on sukuk as a source of funding in coming quarters, says a report published by Standard & Poor’s Ratings Services.
The report - Sukuk Are Surpassing Conventional Bond Issuance in the Gulf Countries as Yields Tighten - said sukuk issuance in the GCC has reached a record high this year, propelled by positive developments in the region’s economy and capital markets. Yields have fallen dramatically on both conventional and sukuk capital market issuance in the past year………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18332
Islamic finance in Australia - Islamic finance opportunities down under http://www.opalesque.com/IslamicFinance_Briefing/?p=18317 http://www.opalesque.com/IslamicFinance_Briefing/?p=18317#comments Tue, 09 Oct 2012 03:10:29 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18317 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18317>Article Link</a> With 62% of the world’s Muslim population on our doorstep, Islamic finance offers vast opportunities to Australia’s financial services sector. These include opportunities to develop innovative Shariah compliant funds and superannuation products as well as banking and insurance products.
The development of a strong Islamic finance industry in Australia could be the ‘innovation’ that Australia needs to tap into the growing global Islamic finance market and to establish itself in the Asian Century. Ultimately, this is all tied to Australia’s ambitions of becoming a financial services hub in the Asia Pacific region………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18317
USD109bln sukuk issued in the first nine months of 2012 http://www.opalesque.com/IslamicFinance_Briefing/?p=18261 http://www.opalesque.com/IslamicFinance_Briefing/?p=18261#comments Thu, 04 Oct 2012 03:08:54 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18261 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18261>Article Link</a> USD 40 billion worth of sukuk was issued globally in the third quarter of 2012, almost double the amount raised during the same period last year, according to Zawya’s sukuk quarterly bulletin for 3Q 2012. This takes the total of sukuk issued during the first nine months of the year to a record USD 109 billion, up 69% from the same period last year.
The hefty issuance in the third quarter came despite the break caused by Ramadan and the summer holidays, according to the bulletin………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18261
Tunisia: Standard & Poor’s encourages Islamic finance http://www.opalesque.com/IslamicFinance_Briefing/?p=18251 http://www.opalesque.com/IslamicFinance_Briefing/?p=18251#comments Thu, 04 Oct 2012 03:06:18 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18251 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18251>Article Link</a> In a report on Islamic finance in North Africa, the rating agency Standard & Poor’s (S & P), highlights improvements of the prospects of Islamic finance in countries of North Africa, provided that regulators, policymakers and banks, create a climate of trust.
According to S & P, the development of Islamic banking in Egypt, Morocco and Tunisia could alleviate financing constraints facing these economies. Experts from the rating agency does not expect, however, “significant development for two to three years at least.”……………………………………….Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18251
Oman’s Islamic banking assets to touch OMR 2 bln by 2012 http://www.opalesque.com/IslamicFinance_Briefing/?p=18175 http://www.opalesque.com/IslamicFinance_Briefing/?p=18175#comments Thu, 27 Sep 2012 01:16:20 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18175 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18175>Article Link</a> Omani Islamic banks’ assets are predicted to pass OMR 2 billion by 2012, according to a feasibility study by Al Izz Bank. The study indicates that the basic incentives for Islamic monetary services in the Sultanate are seen driven by a number of factors including country’s Muslim majorioty population.
The study showed that 70 per cent of respondents were interested in opening an Islamic savings account within the next 12 months. Seventy seven per cent indicated they would choose Islamic banking within a couple of years. The study identified the challenge of Islamic finance being a young industry which needs time to develop………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18175
S&P says takaful growth prospects are diverging http://www.opalesque.com/IslamicFinance_Briefing/?p=18158 http://www.opalesque.com/IslamicFinance_Briefing/?p=18158#comments Wed, 26 Sep 2012 01:24:47 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18158 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18158>Article Link</a> Takaful is most prevalent in the Gulf Cooperation Council (GCC) region and southeast Asia, but the sector has developed quite differently in these regions. The business lines that predominate in these two regions are distinctly different, as are the sources of growth and the investment models.
Within this global growth pattern, we expect the GCC will to continue to significantly grow faster than local and global conventional insurance, while southeast Asia is likely to see constrained growth due to tightening regulatory requirements in Malaysia, its largest market………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18158
Gulf to spur $2trln boom in Islamic bond deals http://www.opalesque.com/IslamicFinance_Briefing/?p=18152 http://www.opalesque.com/IslamicFinance_Briefing/?p=18152#comments Tue, 25 Sep 2012 01:29:15 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=18152 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=18152>Article Link</a> Paul-Henri PruvosThe global Islamic finance market will more than double in value during the next three years to more than US$2 trillion (Dh7.34tn), the ratings agency Standard & Poor’s says, as the Arabian Gulf embarks on a renewed deal-making boom.
The prediction came as banks reported unusually early demand in Oman from retail investors on the opening days of alizz islamic bank’s first public share sale. Islamic financial markets in the Gulf are experiencing “exuberant growth”, said Paul-Henri Pruvost, a financial analyst at S&P………………………………………..Full Article: Source

]]>
http://www.opalesque.com/IslamicFinance_Briefing/?feed=rss2&p=18152