August was a challenging month for both GCC equity and fixed income markets as growing concern over slower economic growth in China, lower for longer oil prices, uncertainty surrounding the timing of a US interest rate rise and thin market conditions, resulted in a sharp spike in market volatility. »
Integration between the world halal industry and the global Islamic finance system is a huge developmental potential for the growth and expansion of Islamic economics in the world markets. Increasing demand for halal products from growing Muslim communities provides opportunities for Islamic finance to ensure a complete cycle of Shariah-compliant products and services. »
Bloomberg TV Malaysia: Tenaga unit Jimah Power East is seeking investors for its 10 billion ringgit sukuk offering, which would make it the country's third biggest Islamic bond. Here's a look at Malaysia's biggest issuers by value so far this year. »
Bloomberg TV Malaysia: Bloomberg TV Malaysia's Jacalyn Kow explains what investors can expect of the planned 10 billion ringgit sukuk sale by Tenaga unit Jimah Power East. It would be the country's third biggest Islamic bond. »
The Islamic financial market would benefit from Iranian sanction lifting. In this CMTV, Standard & Poor discuss the impact of agreement between the P5+1 countries and Iran on its economy and the Sharia compliant finance industry. »
Profit from Nigeria’s World Class Sharia Listed Companies Nigeria is Africa’s biggest economy and second only to Saudi Arabia in terms of Organisation of Islamic Cooperation (OIC) members GDP ranking. It currently presents an interesting investment case for the Islamic investor. »
The report concludes "The Sukuk market should continue to perform well as supply has waned this year, although there is expectation that some GCC countries may want to finance their budget deficits by borrowing in the debt capital markets which would lead to some welcome supply in the market." »
Angela Martins of the National Bank of Abu Dhabi delivered a lecture to the Arab Brazilian Chamber of Commerce for its members in São Paulo, titled “The Islamic financial market”. The use of Islamic financial instruments such as Murabaha were discussed as means for Brazilian exporters to offer Sharia compliant transactions to Muslim customers. »
Qatar Islamic Bank announced in response to an article published in Al – Watan newspaper in Qatar, which quoted a Financial Times article, “QInvest to sell Panmure Gordon stake” that the aforementioned article is unfounded as of date. Qatar Islamic Bank deems it necessary to make this clarification by virtue of transparency and disclosure. »
The decision by DBS Bank of Singapore to wind down its Islamic banking unit and integrate the specialist skills of its Islamic finance bankers into its main operations signals new levels of maturity for the Islamic finance industry. Islamic finance sits stronger as part of the total, not a sum of the parts and the move by DBS reflects tighter integration of Sharia compliant financial services, whi... »