In this month’s Islamic Finance news Supplement: on the Middle East, our cover story provides a comprehensive rundown of the leading markets in the region – including their position, performance, prospects and potential. Continuing from this, our lead feature brings you an overview of the top investment opportunities currently available in the region, and analyzes the performance of key asset classes across the industry including property, project finance, debt capital markets, equity markets and more. And to ensure complete coverage, our Takaful feature discusses the predicament of the Middle East in terms of slow growth and low penetration, and discusses how these issues could be resolved.
- EDITOR'S NOTE
Slow and steady wins the race
- COVER STORY
Islamic finance in the Middle East: A success story in the making
The Middle East has long been a stronghold for Islamic finance, but in recent years the pace has picked up as the sector surges forward in sophistication, expansion, innovation and investor expectation. As we approach the end of the final quarter, LAUREN MCAUGHTRY takes us on a tour of the region to see how 2013 has treated the markets – and what we can expect for the coming year.
Investment opportunities in the Middle East: Building blocks
The financial crisis irrevocably changed the investment landscape of the Middle East, with banks now focusing more on streamlined balance sheets; smaller, easier to place deals; slimmer credit costs; and a focus on risk management. Yet despite the more conservative appetite, the high levels of liquidity in the region along with a boom in infrastructure expenditure and a drive towards diversification have kept the Middle East on the map as an investment destination.
The Takaful predicament
The Takaful industry in the Middle East has witnessed a modest progression in the recent years. Gross contributions between 2007-11 grew at a compound annual growth rate of 22.4%.
Sidra–Ancile Global Structured Trade Investment: Ethical Investments: A methodical approach to ESG/SRI strategy
Sidra–Ancile Global Structured Trade Investment is a Luxembourg-domiciled Shariah compliant investment fund co-managed by INOKS Capital of Geneva and Sidra Capital of Jeddah. Naim AZAD DIN elaborates on how the unique characteristics of the fund are both profitable and beneficial to society.
- SPONSORED STATEMENTS
KLRCA i-Arbitration Rules
This is the final piece of a three part discussion, examining the resolution of disputes in Islamic banking and finance through commercial arbitration and the KLRCA’s new i-Arbitration Rules (the Rules).
Abu Dhabi Islamic Bank Egypt believes in the potential of the Egyptian Market
Abu Dhabi Islamic Bank (ADIB) is coming into its own in Egypt. After successfully completing a long-term restructuring process following the 2007 acquisition of a sizable stake (49%) in Egypt’s National Bank for Development (NBD), ADIB Egypt is claiming its place at the head of the pack of a small number of rapidly growing fully Shariah compliant banks operating in the Egyptian market.
Bursa Suq Al-Sila’
Launched in August 2009, the Bursa Suq Al-Sila (BSAS) is specifically dedicated to facilitating Islamic liquidity management and financing by Islamic financial institutions. It is the world’s first end-to-end Shariah compliant commodity trading platform.