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THIS WEEK'S ISSUE 29th OCTOBER
Volume 11 Issue 43
Cover Story : Building links across borders: Luxembourg looks to make friends in the Middle East
Editor's Note : Linking hands
Rapids
IFN Reports
  What does Indonesia’s New Insurance Law mean to
     Shariah compliant players?

  Sukuk momentum swings upward, says S&P
  Private equity investment in the US: Widening the net
  Barwa Bank surges ahead with latest IILM
     engagement

  A new identity for Islamic Bank of Britain
  LCP launches sophomore Shariah compliant
     residential fund

  Developmental agencies move to grow global Halal
     network

  IFN Global Trendswatch
  Extension of Enterprise Finance Scheme — a good
     signal for Islamic finance and SMEs in Bahrain

  IFN Eurekahedge roundup: Stable returns from money
     market funds

  IFN Weekly Poll: Will 2015 see Bahrain re-emerge as
     a key Islamic finance player?

  From Jersey to the world: Minerva
  Sovereign Sukuk: From Asia to Africa
Special Reports:
  Trust is key in successful estate planning
  Credit default swaps and credit protection: A new
     concept
Case Study : Turkiye Finans’ Malaysian Sukuk debut
   Closing Bell     Takaful News     Deal Tracker     Funds Data  
   News     Moves     Events Diary     League Tables  
   Islamic Investor News     Ratings     REDmoney Indexes     Index  
Cover Story

Building links across borders: Luxembourg looks to make friends in the Middle East


Editor's Note

Linking hands



IFN Reports

What does Indonesia’s New Insurance Law mean to Shariah compliant players?


Islamic Development Bank

Following approval by the Indonesian Parliament last month, the republic’s long-awaited New Insurance Law finally came into effect on the 23rd October. VINEETA TAN reflects on the implication this new regulation may have on Indonesia’s Takaful players... more... more…

Sukuk momentum swings upward, says S&P

Although global Sukuk volumes saw a slowdown in 2013 from their peak the year before, 2014 could see the sector return to form as deal size increases, maturities extend and more issuers come to market... more…

Private equity investment in the US: Widening the net

Barwa Bank surges ahead with latest IILM engagement

A new identity for Islamic Bank of Britain

LCP launches sophomore Shariah compliant residential fund

Developmental agencies move to grow global Halal network

IFN Global Trendswatch

Extension of Enterprise Finance Scheme — a good signal for Islamic finance and SMEs in Bahrain

IFN Eurekahedge roundup: Stable returns from money market funds

IFN Weekly Poll: Will 2015 see Bahrain re-emerge as a key Islamic finance player?

From Jersey to the world: Minerva

Sovereign Sukuk: From Asia to Africa


IFN Country Analysis

Unrealized potential: Islamic finance in Sri Lanka


IFN Sector Analysis

Infrastructure financing: Opportunities abound


Shariah Pronouncement

An Islamic insurance (Takaful) company has raised the following query seeking Shariah guidance


IFN Country Correspondents

Brunei: The Switzerland of Asia?

Morocco: Budget and Sukuk opportunities

Background and developments of Takaful industry in Saudi Arabia

Oman: A centralized approach


IFN Sector Correspondent

UK Sukuk support


Special Reports

Trust is key in successful estate planning

Credit default swaps and credit protection: A new concept


Case Study

Turkiye Finans’ Malaysian Sukuk debut

IFN Weekly Poll

Will the slump in global commodity prices have a negative impact on the commodity-reliant Islamic industry?
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
Thursday,
30th October 2014

Eiger Trading becomes an affiliate of the London Platinum and Palladium Market, reflects increasing Murabahah trading of platinum group metals

Collaboration to explore cross-border Shariah fund opportunities between Malaysia and Greater China in the works

Autoriti Monetari Brunei Darussalam prices 111th short-term Sukuk Ijarah

Greater depth of products and financial instruments needed for the growth of the Islamic finance industry, according to study

Trade finance provides Islamic banks with an opportunity for innovation, notes Noor Bank CEO

AAOIFI holds Shariah standards hearing outside of Bahrain for the first time

Government moves to support Islamic finance in Malaysia improve prospects for growth, says RAM

Battersea Power Station closes GBP467 million (US$751.25 million) Islamic syndicated facility

ISFIN engages Glory Law Firm as its exclusive partner for Ghana

HSBC Amanah Malaysia joins high-level transaction roundtable at the IFN Turkey Forum 2014

Alizz Islamic Bank reports higher net loss for the nine-month period ending the 30th September 2014

KCB appoints three scholars to lead Shariah Advisory Committee

Dagong Global Credit Rating Company and Islamic International Rating Agency assign a joint rating of ‘BBB+/A3’ to Al Baraka Banking Group

Noor Bank receives ‘A-’ rating from Fitch

RAM rates Temasek Eksklusif’s proposed Sukuk worth RM1 billion (US$305.12 million)

UniTapah’s proposed RM600 million (US$183.07 million) Sukuk Murabahah receives ‘AA2/Stable’ rating from RAM

Meethaq receives regulatory approval for debut Sukuk issuance planned for early 2015

Bank Islam Brunei Darussalam aiming to close benchmark-sized syndicated loan by the end of the year

Online Muslim lifestyle platform launched to tap into US$2.5 trillion Muslim consumer market

Halal vaccine market has the potential to reach US$1.1 billion by 2030 according to industry expert

Dubai Chamber of Commerce and Industry launches specialized Islamic economy research unit

Mexico reportedly considering tapping the Sukuk market
Wednesday,
29th October 2014

The UK means serious business in the Islamic finance world, announces new initiative

DIFC Investments plans meetings with fixed income investors for potential benchmark Sukuk issue

Kazakhstan to decide on sophomore Sukuk issuance by the end of the year, according to central bank governor

Sanjeev Dutta to lead DMCC Tradeflow from November

Maybank Islamic to invest RM20 million (US$6.11 million) in new Waqf Fund

Minister highlights Islamic finance as an integral pillar for the development of Malaysia’s finance industry in 2015

Hamdan Bin Mohammad Smart University and Universitat Oberta de Catalunya launch world’s first online Executive MBA in Islamic Banking and Finance

Sukuk industry likely to maintain double-digit growth, says DIFC governor

Sukuk for infrastructure financing total US$95 billion over the last decade, according to Malaysian central bank governor

Government support needed for the further development of Islamic finance in Dubai, according to industry head

Islamic banking assets reach 4.4% in Oman after two years of operation, concludes report

Turkish regulators to engage bankers at the Turkey Dialogue in conjunction with IFN Turkey Forum on the 6th November

Malaysia’s prime minister backs creation of an Islamic megabank

New collaboration between Malaysia and the UAE focused on capacity building for Islamic capital market

MARC assigns a rating of ‘AA-IS’ to forthcoming RM8.4 billion (US$2.56 billion) Sukuk from Jimah East Power

No ratings action taken by MARC on Kimanis Power’s RM1.16 billion (US$354.46 million) Sukuk following plant delay

Dubai Financial Market reports 85% leap in third quarter net profit

Saudi Electricity Company announces 46.38% hike in net profit for the first nine months of the year

Bahrain Islamic Bank sees net profit for the first three quarters soar 74% to BHD6.6 million (US$17.13 million)

AlAhli Takaful Company’s third quarter net profit surge 476.54% to SAR8.16 million (US$2.17million)
Tuesday,
28th October 2014

LCP launches sophomore Shariah compliant residential fund, widening pool of Islamic investment options

Turkiye Finans shows support for IFN Turkey Forum 2014 by becoming lead partner

Bumi Armada makes new appointments to board of directors

Bank Rakyat anticipates profit before tax and zakat of RM2.2 billion (US$ 671.67 million) for 2014

Bank Islam Malaysia still has an eye on expansion to the Indonesian Islamic banking market

International Islamic centers should provide funding for ASEAN development, according to Malaysian dignitary

Islamic financing to be explored as an option for public funding by the Chartered Institute of Public Finance and Accountancy in the UK

Banque Internationale à Luxembourg opens branch at Dubai International Financial Center to tap GCC wealth

IMF maintains growth forecast of 4.5% for GCC but warns of potential issues caused by weak fiscal balance

IDB pledges US$1 billion to member countries within the Horn of Africa as part of international development initiative

Abu Dhabi Islamic Bank launches new debit card allowing priority customers a second opinion on legal and medical matters

Qatar Islamic Bank introduces child education plan underwritten by Medgulf Takaful

Jordan Islamic Bank announces net profit of US$46.83 million after tax for the three months to the 30th September 2014

The Company for Cooperative Insurance posts net profit of SAR209,789 (US$55,888.6) for the third quarter

Union National Bank announces 22% gain in net profit to AED552 million (US$150.24 million) for the third quarter

FGB realizes net interest revenues of AED733 million (US$199.51 million) for the third quarter

Dubai Investments sees net profit for the first nine months of the year almost double to AED994.6 million (US$270.71 million)
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