A sub-sector of Islamic Banking which has not evolved as fast as the rest of the wider Sharia compliant financial industry is Islamic Asset Management. $3-4 trillion of wealth may be looking for a Sharia compliant home according to John Sandwick of Safa Invest, who sees potential in development of Islamic Asset Management sector. »
Report presents the output of two-year collaboration between the Centre for Islamic Economics, IIUM and the Statistical, Economic, Social Research and Training Centre for Islamic Countries (SESRIC) on a research project that covered three OIC member countries namely, Malaysia, Indonesia and Bangladesh. »
The Bloomberg Malaysia Sukuk Ex-MYR Total Return Index (BMSXMTR) inched lower by 0.05% during the week to 101.3 (vs. -0.02% to 101.38 in week prior). The Dow Jones Sukuk Total Return Index (DJSUKTXR) also dropped by 0.18% W-o-W to 154.7 (vs. +0.11% to 155.0), lowering YTD gains by 18bps to 1.46% (vs. +12bps to 1.65%). »
An IMF working paper examined key features of modern public debt management legal frameworks and took a specific look at Sukuk legal frameworks in the UK, Turkey and Luxembourg. »
Demand for funds by Malaysian infrastructure companies is driving up sales of Islamic bonds. Ringgit-denominated sukuk issuances are set to hit their highest quarterly levels in more than a year. Bloomberg TV Malaysia's Sophie Kamaruddin and Han Tan discuss the factors driving the recent rise. »
Sukuk structures in accordance with the principles of Shari’ah are the same as the principles which apply to other products in Islamic law and finance. Real world case studies and guides produced by Latham and Watkins, and Linklaters. »
“Sharia Law” is a phrase which elements of the media in the West have made synonymous with beheadings, stoning to death, the chopping off of hands, banning women from driving and education, full-face veils, intolerance and the like. Such arguments fail to understand there is no single version of Sharia Law which worlds 1.6 billion Muslims follow. Sharia Law varies greatly from country to country. »
Demand for talent is set to grow in tandem with a rapidly expanding industry. Efforts to expand and enrich knowledge and practical skills have been encouraging. Overall, demand for talent within the industry is expected to continue rising, while training providers continue to rise to meet the challenges of supporting the unique needs of the industry. »
Having pioneered and lead the world in modern Islamic Banking and Sukuk, Malaysia is now trend setting in the area of Islamic pensions. »
The necessity of catering to Islamic investors' preference for halal funds, and his firm's diverse range of financial instruments. »
