HSBC’s Lack of Morals Despite having largely exited retail Islamic Banking by withdrawing its Ammanah offering, HSBC remains a major player in Islamic capital markets as a leading arranger of Sukuk having participated in landmark Islamic finance transactions in the Middle East, Asia and Europe. The latest revelations of alleged criminality against it deeply damage its Islamic finance standin... »
Key points of EY Report 2014-2015, Focus on market penetration of Islamic Banks. »
Sharia Resolutions of Islamic Finance of Bank Negara Malaysia The enactment of the Islamic Banking Act of 1983 and the establishment of the country’s first Islamic Bank, Bank Islam Malaysia, has been instrumental in the development of Malaysia into the world’s most mature Islamic Finance market. This maturity has allowed Malaysia to become a leader in the development of standards for Islamic Finan... »
In view of the growing sophistication of Islamic capital markets in Malaysia, the Securities Commission has revised the Shariah screening methodology. »
Kuwait Finance 5.8% profit rate seems high when compared to recent HSBC Amanah MYR sukuk which was priced at 4.24%. »
Khazanah is looking to sell a tranche of "feel-good" Islamic bonds, as it capitalizes on the demand for Shariah-compliant financial products. »
It was interesting to observe Middle East buyers taking up only 2% of the 30 year sovereign Sukuk issued by Malaysia (the 10 year issuance allocation consisted of 24% Middle East buyers). »
Organisation of Islamic Cooperation (OIC) observer member Russia continues to make inroads in developing its Islamic finance industry. »
Between 2000 and 2013, emerging and developing Asia grew by an average of 7.9%, while growth in advanced economies averaged just 1.8%. »
The Asian Development Bank published an excellent overview of the Sukuk market scene in Asia. Asia-Bond-Monitor-March-2014 – Asian Development Bank (5.0 MB) Most computers will open PDF documents automatically, but you may need Adobe Reader »
