A report produced by Deloitte highlights Islamic capital market developments in Europe. Analysis and discussion are formed around building case study scenarios for four potential European countries. The report also includes perspectives of prominent industry thought leaders and practitioners who shared their insightful views on the discussed issues. »
Takaful is an important growing sector in the Islamic finance industry, with continuous positive growth momentum in key markets and estimations of continued double-digit growth globally. While the GCC and ASEAN are expected to continue to lead the global takaful markets with their substantial growth, emerging markets within Europe and Africa are also showing significant growth potential. »
Fresh Sukuk supply post-Fed meeting; sovereigns most likely to dominate in 2016. Kazakhstan parliament approves legislative amendments to facilitate Islamic finance. »
Sukuk return has been on an upward trajectory since 2009. Such a relatively stable rate of return was partly due to the structure of Islamic bonds which have strong link with their underlying assets, allowing the instruments to escape the danger of excessive speculation. »
Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced that it had achieved a large increase of 16% in its net profit in the first nine months of 2015 compared to the same period of 2014. »
BLME Holdings plc has increased Operating Profit before Impairment Charges by 19%. Total Operating Income has reached £42.4 million for the period with Net Fee Income of £3.0 million and Operating Profit before Tax for the Group of £0.1 million. »
Kuveyt Türk, the Turkish participation bank has issued a Turkish Lira denominated Sukuk for TL150m. The 90 days issuance with a maturity of 90 days received demand of around TL200 million from a book building exercise which stated on September 15 to qualified investors. »
The Bloomberg Malaysia Sukuk Ex-MYR Total Return (BMSXMTR) and Dow Jones Sukuk Total Return (DJSUKTXR) indices ended the week lower at 101.8 (-0.3% w-o-w) and 155.5 (-0.27% w-o-w) respectively. »
The Malaysian Central Bank successfully auctioned MYR1.5 Billion of Murabahah based Investments achieving 175 orders totalling MYR 3.66 Billion. A profit rate of 4.786% was achieved for the 20 years tenor issuance which matures in 2035. »
The Bloomberg Malaysia Sukuk Ex-MYR Total Return (BMSXMTR) index rebound another 0.20% to 102.4. »
