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THIS WEEK'S ISSUE 25th FEBRUARY
Volume 12 Issue 08
Cover Story : Africa: The lost continent?
Editor's Note : Under African skies…
Rapids
Feature
  The search for an Islamic risk-free rate
IFN Reports
  PIDM — shifting gears to propel the Islamic finance
     industry forward

  IFN Global Trendswatch
  New European Islamic finance player?
  Sovereign Sukuk: Indonesia making strides
  90 North acquires US$127 million US trophy property
  Islamic banking business boosts NBK’s position as
     strongest franchise in Kuwait

  IILM expands short-term Sukuk program
  IFN Weekly Poll: Would the upcoming Sukuk offering
     in Labuan by Australian joint venture company,
     SGI-Mitabu spur more Islamic finance activities back
     home in Australia?
Special Report:
  Islamic finance overview
Case Study : An exchangeable Sukuk with a hybrid structure: Cahaya Capital
   Closing Bell     Takaful News     Deal Tracker     Funds Data  
   News     Moves     Events Diary     League Tables  
   Islamic Investor News     Ratings     REDmoney Indexes     Index  
Cover Story

Africa: The lost continent?


Editor's Note

Under African skies…



IFN Reports

IFN Weekly Poll: Would the upcoming Sukuk offering in Labuan by Australian joint venture company, SGI-Mitabu spur more Islamic finance activities back home in Australia?


Islamic Development Bank

This week IFN follows up on the development in South Asia. It was reported last week that SGI-Mitabu, a joint venture company between The Solar Guys International and Mitabu Australia, is looking to auction AU$150 million (US$116.23 million) in Sukuk in Labuan this year... more…

IFN Global Trendswatch

What’s been going on in the world this week? LAUREN MCAUGHTRY brings you an update of the most significant economic, regional and global events, issues and trends that have the potential to affect the Islamic finance industry...more...

PIDM — shifting gears to propel the Islamic finance industry forward

New European Islamic finance player?

Sovereign Sukuk: Indonesia making strides

90 North acquires US$127 million US trophy property

Islamic banking business boosts NBK’s position as strongest franchise in Kuwait

IILM expands short-term Sukuk program



IFN Country Analysis

France — a stronger Islamic finance presence in 2015?


IFN Sector Analysis

Risk management: A continuous endeavour


Shariah Pronouncement

Islamic bank A and Islamic bank B had extended a club financing facility to an airline (the customer)


IFN Country Correspondent

Law reforms on the horizon


IFN Sector Correspondent

Syndicated finance: Solid start to 2015 for Islamic syndicated finance


Special Report

Islamic finance overview


Case Study

An exchangeable Sukuk with a hybrid structure: Cahaya Capital


Feature

The search for an Islamic risk-free rate


Book Excerpt

A practical guide for robust Shariah governance of the Islamic banking industry

IFN Weekly Poll

With several M&A activity reported over the past weeks, could we see more attempts from Islamic banks to merge in 2015 to gain market share?
Yes
No

If there are specific questions or issues that you’d like to feature, feel free to send your queries to news@redmoneygroup.com or nabilah.annuar@redmoneygroup.com

Trade Finance
Wednesday,
25th February 2015

Islamic banks increasingly looking towards international and regional expansion

IDB mandates nine banks for benchmark US dollar Sukuk offering

Qatar Islamic Bank shareholders approve issuance of QAR5 billion (US$1.37 billion) Tier 1-boosting Sukuk

Maybank Islamic inaugurates Shariah Center of Excellence as a reference point for the industry

ADCB Islamic Banking collaborates with Sharjah Holding for home financing scheme

Gulf Finance Corporation expands its healthcare and medical financing product suite

Trowers & Hamlins applies for Malaysian qualified foreign law firm license reserved for Islamic finance players

Garuda Indonesia plans to issue global Sukuk mid-April, becoming first Indonesian company to tap international Sukuk market

International Islamic Liquidity Management Corporation receive overwhelming bids for its latest Sukuk facilities

Gulf Finance House appeals against shares trading suspensio

Al Madina Takaful sees net profit drop by more than half in 2014

Jordan Islamic Bank maintains ‘AA’ Shariah quality rating
Tuesday,
24th February 2015

Qatar Exchange waits for approval to list four investment funds, one of which is Islamic

Central Bank of Bahrain completes monthly issue of Sukuk Salam worth BHD36 million (US$94.9 million)

Noor Trade inaugurates new branch at the Noor Takaful Building

Russia considers reviewing legislation to allow Islamic banking

International Bank of Azerbaijan secures US$150 million Shariah compliant syndicated financing facility

RAQABA initiates activities in the US with Shariah audit for LARIBA

Danajamin Nasional plans partial and temporary credit guarantees to widen Sukuk issuer base

Turkey’s minister of finance and central bank deputy chief confirm their participation at the IFN Turkey Forum 2015 taking place on the 17th November 2015

Bank Islam Malaysia receives ratings from Capital Intelligence

S&P revises Gulf International Bank’s outlook to stable

Punit Renjen to lead Deloitte Global as new CEO
Monday,
23rd February 2015

90 North acquires US$127 million US trophy property

Indonesia to auction up to IDR5 billion (US$389,499) in retail Sukuk on the 11th March 2015

Sharpe joins Al Rayan Bank as chairman

Asia Plantation Capital secures Shariah compliance for products

Bank Albilad provides SAR150 million (US$39.96 million) in financing to Waad Holding Company

Qatar Islamic Bank to issue QAR5 billion (US$1.37 billion) Sukuk to comply with Basel III

ISFIN collaborates with Guevara & Gutierrez to be a part of the emerging Bolivian markets

Indonesian government assesses feasibility of utilization of state-owned goods and services as underlying Sukuk assets

Turkish government and IDB enhance partnership

Afriland First Bank rolls out Islamic window; begins offering Shariah compliant financial products

Nigeria issues Islamic banking governance guidelines; establishes dedicated advisory body

Al Baraka Banking Group materializes 7% gain in net income for 2014

Alkhabeer Capital recommends SAR40.7 million (US$10.84 million) cash dividends for shareholders

Qatar Islamic Insurance Co concludes 2014 with higher net profit at QAR73.4 million (US$20.15 million)

Gulf International Bank’s operating expenses increase as it executes GCC-focused universal banking strategy

Moody’s assigns ‘A1’ rating to Oman; downgrades outlook to negative
Wednesday,
18th February 2015

IILM to issue another six-month Sukuk next week

Gulf Finance House raises paid-up capital by issuing 229.56 million shares

Morocco issues royal decree for the creation of Shariah Committee for Participative Finances to oversee Islamic finance developments in Kingdom

Indonesia inaugurates Directorate General of Financing and Risk Management Ministry of Finance

Oman approves draft of Takaful Insurance Law

Takaful coverage extended to over 5,000 National Higher Education Fund borrowers, according to CEO

Operating profit of IDR2.87 trillion (US$229.6 million) for Bank Internasional Indonesia for financial year 2014

Solidarity General Takaful partners with Copart Bahrain to optimize efficiency

MNRB Holdings’s Takaful and re-Takaful units record improved performance over 2014
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