Islamic Finance
Standard & Poor's named best Takaful Ratings Agency
For the third consecutive year, Standard & Poor’s has been voted Best Takaful Ratings Company at the International Takaful Awards 2010 in London, in recognition of its leading role in rating the developing Islamic insurance industry.
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Takaful Ikhlas Bags Best Takaful Product Award At Takaful Int'l Conference
Takaful Ikhlas Sdn Bhd bagged the "Best Takaful Product Award" at the International Takaful Award 2010 held recently in conjunction with the 4th International Takaful Conference 2010 at Jumeirah Carlton Tower in London.
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Indonesian Islamic Banking Outlook to 2013
"Indonesian Islamic Banking Outlook to 2013” report gives an extensive research and in-depth analysis on the Islamic banking market in Indonesia. With the global financial crisis raising doubts over the world's conventional financial system, the banking industry in Indonesia stands to benefit from the global downturn and expects to continue rapid growth in the coming years. The financial crisis is having no negative impact on the development of Islamic banking in the country. So far, Islamic banks have not showed any weakening of their performance and we expect both assets and lending would grow at a CAGR of over 50% between 2009 and 2013. This optimistic view is based on its very nature (avoid involvement of interest rates), extremely low penetration and a healthy growth in lending over the past two years.
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BIBD Seeks More Openings in Global Sukuk Market
Bank Islam Brunei Darussalam (BIBD) is seeking more opportunities in the global sukuk market as a means to grow its expertise while waiting for potential sukuk transactions in the country, a top executive said.
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Nakheel Yields Double 2007 Show Closed Market: Islamic Finance
Dubai World-owned Nakheel PJSC’s Islamic bonds are trading at yields twice as high as in 2007 even after a four-month rally, underscoring the difficulty for Persian Gulf real-estate companies to borrow through debt sales.
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Japan's Nomura to list US$100m Sukuk
Japan's top securities firm Nomura will list its inaugural 100 million dollars of Islamic bonds on Bursa Malaysia as the company looks to diversify its funding sources, officials said.
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Stock-taking at Kuwait Finance House
Kuwait Finance House (M) Bhd (KFH Malaysia) has been thrust into the limelight in the past few months after news broke that a due diligence status audit was being conducted at the bank at the request of its new boss.
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HSBC promotes Indonesia’s potential
As the world’s fourth most populous country with 230 million people, Indonesia is another economic engine providing opportunities for growth and enormous business prospects.
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Demystifying Halal Bonds
Ever wanted to know the difference between conventional bonds and its Halal counterpart? Anna El-Rashid provides a clearer picture. Halal bonds, or Sukuk derives its name from the Arabic term Sakk or cheque. The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) defines Sukuk as “certificates of equal value representing undivided shares in ownership of tangible assets, usufructs and services or (in the ownership of) the assets of particular projects or special investment activity”. As such, Sukuk can be described as Halal conventional bonds, for a defined period, with the risk and return associated to the cash flows generated by a particular asset “belonging” to investors (Sukuk holders).