Indonesia could benefit from the winding down of operations among some Islamic lenders in Malaysia and Singapore. Bloomberg TV Malaysia's Sophie Kamaruddin and Cynthia Ng assess if Indonesia has what it takes to be the next Islamic banking hub in the region. »
In contrast to the current challenges of the conventional debt market, Pakistan was able to achieve a better reception for its Sukuk issued in November 2014. The 5 years issuance for $1bn was upped from an initial target of $500 million. The sukuk was five times oversubscribed with offers of 2.3 billion. »
The Islamic Development Bank (IsDB) and the United Nations Development Programme (UNDP) will host a side event at the UN Sustainable Development Goals Summit on "The role of Islamic finance in implementing the Sustainable Development Goals (SDGs)". »
In what can be marked as one of the most volatile months, GCC equity markets reversed their direction and declined heavily in August. Saudi Arabia, Dubai, Oman, Abu Dhabi, Kuwait and Qatar all fell with negative returns of -17.32%, -11.60%, -10.47%, -7.04%, -6.93% and -1.88%, respectively. »
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. »
Saudi dairy and poultry producer Almarai settled for a 1.6 billion Riyal sukuk issuance after previously stating it was looking for a 2 billion issuance depending on "market conditions", which it seems were not present to allow it to achieve its target issuance amount. Sukuk tend to be heavily oversubscribed and the fact that Almarai was not only able to hit its desired issuance amount, let alone ... »
