The wheel turns: Islamic funds come back to equity Islamic funds have seen a tough few years, with investors retreating to the safety of fixed income and cash as turbulent equity markets sent returns tumbling and fund managers fleeing. As recession-hit economies recuperate and returns stabilize, equity is finally rotating back into fashion and funds are tentatively taking on more risk... more…
The giant stirs Previously, the mention of Saudi Arabia would almost always elicit the response “sleeping giant”... more…
Features
Storm in a tea cup Sri Lanka has experienced a troubled 2012, with both economic and political challenges that have placed obstacles in the way of the development of its Islamic finance sector... more…
Cross-border regulation of financial markets Cross-border financing is one of the pillars of globalization, and can facilitate crucial growth across the Islamic finance industry... more…
Risk management for Takaful undertakings In November 2012, the IFSB issued a new draft standard on risk management for Takaful undertakings, with comments on the draft due by the end of March 2013... more…
Tunisia: Potential held back by politics Pakistan’s Islamic fund sector to overtake conventional products New caps for Qatar as regulator tightens control Malaysian Islamic stocks: Appeal rises while offerings drop following upcoming guideline revision GIH looks to divest non-core assets following major losses Revised Shariah screening requirements on Malaysian securities Largest Islamic fund in Indonesia forced to invest in non-Shariah compliant assets Saudi Arabia sees a bright future
Qatar: Positive integration in global markets Indonesia: Establishing a major Indonesian state-owned Islamic bank Singapore: WIBC Asia Summit 2013 and further developments
Real estate (Europe): Don’t mention the ‘F’ word… Law: Political unrest affects Turkish investment but Islamic finance remains strong
An Islamic bank has a charity fund which is comprised of Zakat (obligatory charity) from the bank’s shareholders (at 2.5% per year), expunged income (income earned by the bank in certain transactions First of all, it is important to differentiate between the customers who have defaulted to the other conventional or Islamic banks owing to poor financial health, and the customers who are under debt to the bank holding the charity fund... more…
Sadara Chemical Company’s Sukuk oversubscribed As part of a US$19.3 billion fundraising package, Sadara Chemical Company, recently issued a SAR7.5 billion (US$2 billion) Sukuk Musharakah through its SPV, Sadara Basic Services Company... more…
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The wheel turns: Islamic funds come back to equity
