IFN RSS feeds twitter
Click Here
 
Subscriber Login
User ID:
Password:
Not a subscriber? Request for free trial
 
IFN Search

 
IFN Company Directory

 
IFN Research Report
 
 
Latest Supplement
Supplements
 
 
Currency Converter
 
Books
 
Pakistan 27th August 2013
Sri Lanka 29th August 2013
Turkey 3rd September 2013
Thailand 11th September 2013
Hong Kong 7th November 2013
Brunei 28th November 2013
 
Upcoming Training
 
Upcoming Conferences
 
Partners
PDF Edition    Help
THIS WEEK'S ISSUE 15th MAY
Volume 10 Issue 19
Cover Story : Islamic carbon trading: Goldmine or minefield?
Editor's Note : Setting the standard
Rapids
Features
  Fair and equitable treatment of Islamic investments
     in Qatar

  Cloud computing for Islamic banking
  The top strategic technology trends for 2013
  Risk management in Takaful
Column : Daud speaks
IFN Reports
  UK’s first Shariah compliant underwriting agency
     aims to address Sukuk gap

  Kuwait moves forward
  North Africa catches up with the world
  Investor education urgently needed for Islamic funds
  Eyeing Egypt
  Insurance sector in the UAE bullish, say AM Best
Case Study : Dana Gas Sukuk restructuring: The first of its kind
Interview : A new perspective
   Closing Bell     Takaful News     Deal Tracker     Funds Data  
   News     Moves     Events Diary     League Tables  
   Islamic Investor News     Ratings     REDmoney Indexes     Index  
Cover Story

Islamic carbon trading: Goldmine or minefield?
In our continued quest to explore the most thought-provoking trends in the industry, Islamic Finance news turns its focus on what many are calling the next big thing in emerging markets — renewable energy... more…


Editor's Note

Setting the standard
This week, the Islamic Financial Services Board (IFSB) is hosting its 10th Anniversary Summit, which is expected to attract high level players from all across the globe... more…


Column

 

Daud speaks
The momentum continues in creating awareness about Islamic finance around the world. In the last four weeks, I have been active in Indonesia, the US, Oman and Malaysia... more…


Features

Fair and equitable treatment of Islamic investments in Qatar
Fairness and equity as a concept is embedded in Islamic law with roots both in western civil law and in Islamic tradition... more…

Cloud computing for Islamic banking
As the demand for Islamic banking services grows globally, spending on technology infrastructure will inevitably increase... more…

The top strategic technology trends for 2013
David Cearley and Carl Claunch of Gartner Research analyze the top strategic technology trends that have the potential to affect individuals, businesses and IT organizations... more…

Risk management in Takaful
Like any fledgling industry, Takaful has its hands full trying to grapple with the various risks that face this young and alternative form of insurance... more…


IFN Reports

UK’s first Shariah compliant underwriting agency aims to address Sukuk gap

Kuwait moves forward

North Africa catches up with the world

Investor education urgently needed for Islamic funds

Eyeing Egypt

Insurance sector in the UAE bullish, say AM Best


IFN Country Correspondent

Qatar: Increasing profits help Qatar prepare for large-scale projects

India: India’s Shariah indices: A step towards financial inclusion

Maldives: Capital Market Shariah Advisory Committee renamed


Shariah Pronouncement

The Islamic bank has been approached by a client to establish a letter of credit (LC) for the import of goods from another country with a request to finance the import under a Murabahah facility
It is permissible under Shariah to establish the LC having different dates of payment to the supplier and to sell the LC goods to the customer on a Murabahah basis, even though the payment to the supplier will be made in parts... more…


Interview

A new perspective
Badlisyah Abdul Ghani suggests a practical approach to industry standardization; beginning with prudential management... more...





Case Study

Dana Gas Sukuk restructuring: The first of its kind
The largest independent oil operator in the UAE, Dana Gas, has successfully executed a restructuring of its US$1 billion Sukuk Mudarabah trust certificates, after protracted discussions spanning over three months since March... more…


IFN Forum

Prince Alwaleed has called for the Saudi Arabian stock market to open up to foreign investors outside of ETFs and share-swap deals by foreign investment banks. How will this impact the bond and Sukuk market, and will it encourage secondary market trading?
Opening up the Saudi Arabian stock market to foreign investors will provide a strong Middle Eastern base for Sukuk listing and trading... more…

 
Click here to see how we can help your team
Click here to see how we can help your team
Click here to see how we can help your team
Click here to see how we can help your team
Click here to see how we can help your team
Click here to see how we can help your team
Click here to see how we can help your team
Thursday,
16th May 2013

Maybank chief appointed as minister in the prime minister’s department, leaving a corporate career for a federal appointment

SHUAA Capital reduces net losses by 30.5% in the first quarter

Steel manufacturer Kinsteel’s Murabahah programs downgraded by MARC

Dubai Financial Group stake sale of Bank Islam in last legs of negotiations

Arcapita Bank granted court permission to borrow US$350 million from Goldman Sachs to exit bankruptcy

Ithmaar Bank returns to profitability in first quarter of 2013

Wethaq Takaful to increase market share in the republic

Bank of London and The Middle East to launch an office in the Dubai International Financial Center

Bank Negara Malaysia confers Sime Darby’s US$800 million Sukuk “Emas” status

Islamic Financial Services Board to issue guidance notes on liquidity standards and capital adequacy

Ex-NFL player turned investment banker to launch Islamic SME fund in Dubai

Participation banks report a collective income of TRY226 million (US$124.16 million) for the first quarter

Lack of definitive regulations on Islamic banking stymies loan growth

The IDB to issue benchmark USD Sukuk; roadshow to commence in two weeks
Wednesday,
15th May 2013

NCB Capital appoints State Street to service its maiden UCITS platform in Ireland

Central Bank of Bahrain’s Sukuk Ijarah oversubscribed by 220%

GCC net foreign assets to exceed US$2.5 trillion by the end of this year, says Institute of International Finance

iSfin selects BDK Advokati/Attorneys at Law as its representative for Serbia and Montenegro

Bankers call for cohesive Islamic financial reporting standards and Islamic Interbank Benchmark Rates

Standard Chartered plans entry into Iraq

Jordan Islamic Bank’s profit after tax up by 44% in the first quarter

Dana Gas sees 17% increase in first quarter net profit

MMC Corporation receives regulatory approval for RM470 million (US$157.1 million) Sukuk Wakalah

Bank Muscat concludes OMR75 million (US$194.22 million) private placement with the International Finance Corporation

The central bank of Saudi Arabia urges commercial banks to increase job allocations for Saudi nationals

ABC Islamic Bank’s net profit doubles in the first quarter

The Islamic Financial Services Board estimates Islamic finance industry assets to be worth US$1.6 trillion as at the end of 2012
Tuesday,
14th May 2013

Water treatment company Puncak Niaga Holdings to issue RM165 million (US$55 million)-worth convertible Sukuk

The IDB to support the Egyptian government’s bid to fund US$15 billion in projects via Sukuk

RAM reaffirms Menara ABS’s RM1 billion (US$333.36 million) Sukuk and revises its outlook to stable

Cobalt Underwriting in latter stages of finalizing expansion into new markets

Fitch affirms Bank Audi’s long-term issuer default rating at ‘B’

“Biggest” cyber scam to hit the Middle East prompts calls for tighter consumer banking regulations

Ahlibank’s Al Hilal MENA Fund to be launched on the 22nd May

Dubai Islamic Bank’s debt restructuring boosts investor confidence

Egypt’s upcoming sovereign Sukuk issuance receives overwhelming response from banks

Arcapita Bank seeks US court approval to exit Chapter 11 and arrange US$350 million in Shariah compliant financing

Foreign investors rekindle enthusiasm in Gulf markets
Join us on Twitter
Join us on LinkedIn
Join us on Facebook