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IFN Indonesia Forum 2022

IFN Annual Guide 2016

Once again the close of the year has come around more quickly than we ever thought possible, and it is time again for our annual review and outlook of the Islamic finance industry with a comprehensive overview of the highs, lows, peaks and troughs of the last 12 months – and what turbulent months they have been. 

The euphoric highs of 2014 saw an explosion of non-Muslim sovereign issuances push Islamic finance into the mainstream public eye and record Sukuk volumes drive the sector forward amid strong interest, robust retail performance and a burgeoning global asset management industry. Increasing awareness of the strength, stability and sovereign support for Islamic banking brought a wider reach and greater diversity to the table, while the sector also gained traction in a broad range of new markets and asset classes.

Yet 2015 brought a rather different flavor to the table. The year started strong with some major Sukuk issuances from the IDB, Dubai Islamic Bank, the government of Ras Al Khaimah and of course the groundbreaking UKEF-backed issuance from Emirates Airline. However, as the year progressed the markets became increasingly turbulent: with oil down over 60% since July 2014 and severe commodity price volatility. The economic outlook of the major economies remained a concern and China’s weak performance led to a global backlash that hit emerging economies and Asia particularly hard. With growth forecasts slashed and liquidity tightening, emerging markets saw a flood of capital outflows as foreign investors worried about a US rate hike and falling returns pulled out their cash – while domestic investors also fled to safer havens such as the US and Europe. The low oil prices have already begun to impact monetary policy – Saudi Arabia has pulled in billions of dollars in sovereign wealth investments overseas to plug its widening fiscal deficit, while government bank deposits in the GCC have fallen and public spending sharply contracted, leading to tighter credit conditions, limited liquidity for Gulf banks and an overall slowdown in the market. 

 

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Content in IFN Annual Guide 2016

Islamic finance in Pakistan attaining new heights

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Financial institutions in a heated battle for market share

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Emerging trends in the Sukuk marketplace

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance continues rising in Turkey

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance in Palestine

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic investing moving forward in the Philippines

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Responsible investment and Islamic finance: Can they work together?

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance to still grow in 2016 but with a sag

Wednesday, 09 Dec 2015 | IFN Guide 2016

Features

Financial reporting of Islamic financial institutions: The rationale, the present, and the future

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Bahrain: Keeping pace with competitiveness

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Indonesian Islamic finance industry in 2015: Government Sukuk’s strengthening role

Wednesday, 09 Dec 2015 | IFN Guide 2016

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The current status and future of the Takaful industry

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Singapore: Silver linings

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Kenya cementing itself as a leading Islamic financial and investment hub in Africa

Wednesday, 09 Dec 2015 | IFN Guide 2016

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New frontiers in human capital development

Wednesday, 09 Dec 2015 | IFN Guide 2016

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US financial regulatory reforms and their impact on the financial industry worldwide

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Challenging times but significant demand for Islamic finance in Oman

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Slowdown in the improvement of tax legislation for Islamic finance

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance is a burgeoning industry in Sri Lanka

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Bosna Bank International: A lodestone for foreign direct investments

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Kuwait introduces new Sukuk regulation

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Sukuk infrastructure financing may be promising but it is not a quantum leap

Wednesday, 09 Dec 2015 | IFN Guide 2016

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The Iranian capital market in 2016: Deepening the current instruments

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance in Tunisia: What’s next?

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance in Brunei well on track for 2016 and beyond

Wednesday, 09 Dec 2015 | IFN Guide 2016

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More work on primary laws to accommodate Islamic finance

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Sukuk: Turbulent waters

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Cross-border financing proceeds cautiously with more diversity in the market

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance continues to grow in the British Virgin Islands

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Ijarah industry at the crossroads

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Shariah governance crucial in uplifting the Islamic finance ecosystem

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Building private equity and venture capital investments through diversification within the Muslim world

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic crowdfunding is here to stay

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Growth of the Islamic banking sector in the UAE on track

Wednesday, 09 Dec 2015 | IFN Guide 2016

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A more challenging road ahead for Islamic finance in Malaysia

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Maritime finance in the Middle East: The Islamic finance solution

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Indexing essential to development of the Islamic finance market

Wednesday, 09 Dec 2015 | IFN Guide 2016

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The Islamic wealth management industry: An alternative approach

Wednesday, 09 Dec 2015 | IFN Guide 2016

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The Islamic finance industry in Ireland

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Outlook for 2016 promising

Wednesday, 09 Dec 2015 | IFN Guide 2016

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The UK well positioned as primary western hub for Islamic finance industry development

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic microfinance needs to embrace technology to move forward

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Diversification of Islamic finance in Europe continues

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Time to make hay as the future is bright and sunny in the Maldives

Wednesday, 09 Dec 2015 | IFN Guide 2016

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SMEs and entrepreneurship: Engines of economic growth

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Path Solutions

Wednesday, 09 Dec 2015 | IFN Guide 2016

Interviews

Increased need in a volatile market environment

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance in Ukraine: A new reality

Wednesday, 09 Dec 2015 | IFN Guide 2016

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A snapshot of the pension industry: Its recent trend and future forecast

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Desire for benchmarks to drive sovereign Sukuk issuances outside of traditional markets

Wednesday, 09 Dec 2015 | IFN Guide 2016

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A volatile year for Islamic finance – the only way is up?

Wednesday, 09 Dec 2015 | IFN Guide 2016

Editor`s Note

NBF Islamic: Steadfast in growing market share

Wednesday, 09 Dec 2015 | IFN Guide 2016

Interviews

Jordan continues to be main player in the Islamic finance industry

Wednesday, 09 Dec 2015 | IFN Guide 2016

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An exciting year ahead

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance slowly building in the US

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic private equity growing as a vibrant segment of the Islamic finance industry

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance in India no longer a distant dream

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Participative finance in Morocco: Implementation process ongoing

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance in Russia: Ready, steady, go?

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Australia slow to capitalize on Islamic finance opportunities

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Sukuk: An essential tool to mobilize funds

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic project finance: Down but not out

Wednesday, 09 Dec 2015 | IFN Guide 2016

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New Zealand presents great investment opportunities to the Islamic finance industry

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Challenges and achievements

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Saudi Arabian markets continue to expand

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Malaysia leads global Islamic finance charge

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Corporate sector issuances core to Malaysian Sukuk resilience

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Sukuk market has grown a lot but remains a niche market

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Alternative investments: Growth opportunities?

Wednesday, 09 Dec 2015 | IFN Guide 2016

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A fertile environment for Islamic finance in South Africa

Wednesday, 09 Dec 2015 | IFN Guide 2016

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The Islamic economy in Belgium: Evolution and perspectives

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Islamic finance stepping up in Kazakhstan

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Halal financing booming around the world

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Real estate remains attractive to many

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Nigeria: A potential world player in the Islamic finance industry

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Shariah compliant asset management industry remains fragmented

Wednesday, 09 Dec 2015 | IFN Guide 2016

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Spotlight on Islamic trade finance: ITFC’s new drive to reach out to SMEs and expand regional presence

Tuesday, 08 Dec 2015 | IFN Guide 2016

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Luxembourg: A year of consolidation in Islamic finance

Tuesday, 08 Dec 2015 | IFN Guide 2016

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Canada: Progress continues to be made

Tuesday, 08 Dec 2015 | IFN Guide 2016

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Egypt continues to be the Islamic finance market of the future

Tuesday, 08 Dec 2015 | IFN Guide 2016

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Qatar: A year of mixed fortunes

Tuesday, 08 Dec 2015 | IFN Guide 2016

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Ample fertile ground for future growth in Islamic bank debt and loan financing

Monday, 07 Dec 2015 | IFN Guide 2016

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Are the woes of the Islamic finance industry only a passing phase? Time will tell

Monday, 07 Dec 2015 | IFN Guide 2016

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