More sovereign sukuk on the way
This was the opinion of delegates at the IFM’s summit on Islamic finance - Tim Evershed...
Tag : Sukuk
Islamic funds are not just an alternative
Their success is turning them into a source of competition for the conventional funds industry Camille Paldi September 22, 2015: More than 750 Islamic Investment Funds have been established around the world with assets under management (“AUM”) totaling approximately $60 billion compared to 70,000 conventional funds with AUM of $19trillion. Currently, a wide variety of...
DP world launches Sukuk in LSE
Becomes the fourth Sukuk bond to have launched this year May 31, 2016: DP World on 27th May launched $1.2 billion Sukuk bond in London Stock Exchange (LSE). It now becomes the fourth Sukuk to be launched this year in LSE. This follows the first ever Sukuk from Islamic Corporation for the Development of the...
Must read for aspiring Islamic banking professionals
Review of Islamic Capital Market, Equity and Sukuk (2014) by Dr. Muhammad Hanif, Associate Professor, FAST School of Management, Islamabad Camille Paldi December 2, 2015: This scintillating and succinct book is a refreshing, intellectual journey into the heart of Islamic equity complete with an overview of different types of sukuk and explanation of relevant sukuk...
Japan has Islamic finance in the pipeline
The sword exterior and chrysanthemum interior of Japan is quite conducive to the soft interior of Islamic finance Camille Paldi March 9, 2015: Japan is an emerging Islamic finance powerhouse and East Asian hub for the billion dollar Islamic finance industry. Naoki Nishida, President and CEO of Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad, explains the...
For Luxembourg, €200mn bond was just a start
The Grand Duchy has a long history of working with the Islamic sector, but is not content to rest on its laurels Tim Evershed December 17, 2014: The government of Luxembourg is ready to help Islamic finance move into the mainstream financial markets with a raft of initiatives. The Grand Duchy has a long history...
Could Ratings Help Boost Transparency in the Trillion-Dollar Islamic Finance Market?
Those involved in Islamic finance readily agree the 40-year-old market has reached a juncture where it must develop further transparency to address concerns about the security of its products. When Dubai’s biggest investment conglomerate, Dubai World, stunned markets last November with a request to freeze repayments on $26 billion in debt, the upstart Gulf emirate...
Nigeria to Spread its Wings in Sharia Banking
Central Bank of Nigeria has approved Osun State an inland state in south western Nigeria plan to issue Nigeria’s first sukuk bond, starting with 10 billion Naira ($ 62 million) 11th August 2013 Nigeria, which has the largest population in the sub Saharan Africa is trying to establish itself as the African hub for Islamic...
Nigeria to Spread its Wings in Sharia Banking
Central Bank of Nigeria has approved Osun State an inland state in south western Nigeria plan to issue Nigeria’s first sukuk bond, starting with 10 billion Naira ($ 62 million) 11th August 2013 Nigeria, which has the largest population in the sub Saharan Africa is trying to establish itself as the African hub for Islamic...
Western governments and companies are poised to test Islamic bond markets
The UK’s Islamic Finance Secretariat puts the value of Sharia-compliant assets globally at trillion dollars. A story surfaced in the Malaysian media last September suggesting that the ESB was planning to issue an Islamic-compliant bond, or sukuk, as part of its future funding arrangements. Sukuk are structured to pay profits or rent, rather than traditional...