From covering the sticky issue of hedging recently, IFN this week zooms into yet another controversial topic: Islamic futures. Is the instrument even possible in the first place? Is there a need/demand for Shariah compliant futures? What is needed to fully adopt such a product?
The IFN team takes a look at the potential impact on Sukuk issuances with the OPEC meeting looming, which could potentially trigger another slide in oil prices; analyzes Ezdan’s Sukuk issuance; dives deep into the Kuwaiti market and accounting and tax landscape; while our correspondents provide us with updates from six countries and four sectors.
We also bring you a plethora of interesting and intriguing exclusive contributions including: two features shining the spotlight on Australia from the Islamic Financial Services Council of Australia and Halal Australia; a feature on Shariah ethical investment in New Zealand by Amanah Trust Management; a peek at the external Shariah audit of Islamic banks by the International Shari’ah Research Academy for Islamic Finance (ISRA); and a retrospective look at the Malaysian GST by Deloitte Malaysia.
There is also a quarterly Islamic market review from S&P Dow Jones while IFN Correspondent Mohammed Amin shares his thoughts on Shariah compliant student finance in the UK.
As usual, we wish our readers an informative and insightful read.