London is established as the leading western centre for Islamic finance and has been at forefront of key developments in Europe. »
Increasing the Potential of Islamic Finance in Africa CNBC Africa discussed the growth potential of Islamic Finance in Africa. Samira Mensah, Associate Director for Financial Institutions Ratings at Standard and Poor’s and Ameen Hassen, Head of Shari’ah Banking at Standard Bank participated in a discussion which highlighted the growth space for Islamic finance in Africa. Demand within ... »
Malaysian Islamic Finance at Cross Roads Following its recent Sukuk default, the IMDB corruption scandals continues to cast a dark shadow over the Malaysian financial sector with this week the United States moving to seize more than $1bn in assets, ranging from plush properties to a private jet, from people connected to Prime Minister Najib Razak. Against this backdrop, Islamic finance activity in... »
Luxembourg: The Gateway for Islamic finance and the Middle East Luxembourg is the leading non-Muslim domicile for Sharia complaint investment funds, a popular location for listing Sukuk on the primary market and the domicile of choice for the international investment structures of a number of sovereign wealth funds according to a report released by Ernst and Young’s Luxembourg office highlighting ... »
Bank Negara Malaysia today launched MarketplaceIF, a e-market platform where those seeking Islamic finance financial solutions and services are able to meet providers. »
Nascent Industry Finds a Home in Dubai Alan Greenspan once described people to people contact as a key pillar to building commerce and creating economic activity. Taking the former Chairman of the Federal Reverse at his words, the gathering of individuals at the Global Islamic Economy Summit 2016 this week in Dubai would have done much to create the relationships and entrepreneurial spirit to take... »
Report by Asian Development Bank – Asia Bond Monitor September 2016, Review of Islamic Finance and Sukuk market in South East Asia. Sukuk represented 11.8% share vs. conventional in Indonesia and 54.6% in Malaysia Emerging East Asia’s G3 currency bond issuance declined 2.5% y-o-y in January–July In Southeast Asia, total G3 currency bond issues (bonds issued in US dollars, yen and euros) were... »
Commentary by RHB Global Sukuk Markets Research, Kuala Lumpur, Malaysia Saudi Banking Sector Gets SAR20bn Injection The Saudi Arabian Monetary Agency (SAMA) injected SAR20bn (USD5.3bn) into the banking system via time deposits, and also introduced 7 day and 28 day repurchase agreements in support of more monetary policy tools to support the economy. This comes after the 3 month Saudi Interbank Off... »
Commentary by Yi Ren Thng, Visiting Scholar, Centre for Chinese Studies, Stellenbosch University Corporate China Expressing an Interest in Islamic Finance With only roughly 20 million Muslims in China, it is not surprising that Islamic finance has not taken off in China. Recently, however, some Chinese companies have expressed interest in tapping into offshore pools of Islamic funds. For example, ... »
Retail Demand and Government Support is Helping Boost Growth Strong retail demand and proactive government support is assisting Islamic banks to grow at a faster pace when compared with their conventional peers. Khalid Howladar, Global Head of Islamic Finance at rating agency stated “Growth in the Islamic banking sector continues to broadly outpace that of conventional banks in most systems ... »
