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THIS WEEK'S ISSUE 17th DECEMBER
Volume 11 Issue 50
Cover Story : There and back again: A fantastic year for Islamic finance
Editor's Note : Happy holidays!
Rapids
Features
  Islamic private equity: A new ‘core’ opportunity
  Indonesia: The sleeping giant begins to wake up for
     microTakaful
IFN Reports
  Global Trendswatch
  IFN Weekly Poll: Could Islamic banking assets outside
     of traditional core markets increase in 2015?

  New kid on the block: Charles Russell Speechly
  Malaysia: Sukuk still dominate debt market despite
     overall slowdown

  Enabling Islamic financial transactions in Kenya
  Pakistan to welcome maiden Islamic gold fund next
     year

  Islamic banking instrumental in driving up number of
     HNWIs in Malaysia

  Scandinavia: the next Shariah investment destination?
  Improving Pakistani macroeconomic fundamentals
     ideal for Islamic funds

  Malaysian Takaful sector remains stable despite
     tighter capitalization criteria

  Sovereign Sukuk: 2015 issuances
Special Reports:
  Islamic banking regulation: Is there a magical formula?
  The challenges of Islamic retail banking
  On taxation of controlled foreign companies and other
     anti-offshore measures in Russia
Case Study : Turkey’s longest-tenor US dollar Sukuk
   Closing Bell     Takaful News     Deal Tracker     Funds Data  
   News     Moves     Events Diary     League Tables  
   Islamic Investor News     Ratings     REDmoney Indexes     Index  
Cover Story

There and back again: A fantastic year for Islamic finance


Editor's Note

Happy holidays!


Column

Daud speaks


IFN Reports

Global Trendswatch


Islamic Development Bank

What’s going on in the world this week? IFN brings you a selection of relevant, important and downright interesting economic, global and regional events, issues and trends that have the potential to affect the Islamic finance industry... more…

IFN Weekly Poll: Could Islamic banking assets outside of traditional core markets increase in 2015?

In the final installment of the poll this year, IFN asks the industry whether Islamic banking assets are likely to increase outside of traditional core markets in 2015...more...

New kid on the block: Charles Russell Speechly

Malaysia: Sukuk still dominate debt market despite overall slowdown

Enabling Islamic financial transactions in Kenya

Pakistan to welcome maiden Islamic gold fund next year

Islamic banking instrumental in driving up number of HNWIs in Malaysia

Scandinavia: the next Shariah investment destination?

Improving Pakistani macroeconomic fundamentals ideal for Islamic funds

Malaysian Takaful sector remains stable despite tighter capitalization criteria

Sovereign Sukuk: 2015 issuances



IFN Sector Analysis

Liquidity and secondary markets: Improving by the year


Shariah Pronouncement

A service agreement is to be signed between an Islamic bank and a service provider company


IFN Country Correspondents

Three banks warned for lack of collaboration with MASAK

Bangladesh plans to float Sukuk

Regulatory efforts in strengthening the Islamic banking industry in Indonesia

Sarajevo: A new hub for Islamic finance in Europe


Special Reports

Islamic banking regulation: Is there a magical formula?

The challenges of Islamic retail banking

On taxation of controlled foreign companies and other anti-offshore measures in Russia


Case Study

Turkey’s longest-tenor US dollar Sukuk


Feature

Islamic private equity: A new ‘core’ opportunity

Indonesia: The sleeping giant begins to wake up for microTakaful


Book Excerpt

Sukuk structures: Legal engineering under Dutch Law

Deals of the Year BEST BANKS 2014

IFN Weekly Poll

Will 2015 Sukuk issuances surpass that of 2014?
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,
18th December 2014

JPMorgan - big ambitions for Islamic finance

IBFIM to collaborate with other institutions for professionalization and standard setting

RAM reaffirms ‘AA2/Stable’ rating of Bright Focus’ Sukuk

Engro Corporation suspends trading of Sukuk-1 and Sukuk-2

KFH introduces new campaign to finance finishing works

Saudi Hollandi Bank to increase share capital through bonus shares

Tokio Marine Family Takaful reports 38% increase in between June 2013-14

SBP conducts open market operation for outright purchase of government’s Sukuk

Oil prices, policies and politics main influence on ratings in Middle East and Africa, says Fitch
Wednesday,
17th December 2014

IBB formally adopts new identity

Bank Rakyat and Affin Islamic participate in RM565.5 million (US$169.9 million) syndicated facility for children’s hospital

Credit Guarantee Corporation Malaysia appoints Islamic professional as new CEO

Stable outlook on all GCC banks and negative on the rest of Middle East for 2015, says Fitch

Capital Intelligence affirms Jordan Islamic Bank’s ratings with a stable outlook

Islamic Financial Services Board conducts second hearing for Islamic banking regulations and liquidity risk management exposure drafts

CEO of Lariba highlights Islamic banking experience in the US market in new book

KFH Malaysia’s concludes third quarter with 18.4% growth in net profit to RM75.77 million (US$21.62 million)
Tuesday,
16th December 2014

Malaysian Takaful sector remains stable despite tighter capitalization criteria

NBAD Sukuk Income Fund investors gain 2.33% in dividends

CBB monthly Ijarah facility oversubscribed by 385%

Point Zone redeems RM500 million (US$143.47 million) Islamic issue in full

DIFC Investments appoints BNY Mellon as delegate and paying agent for its US$700 million Sukuk

Al-Ameen Islamic Financial Services launches new center

Baniyas Investment & Development Company secures Islamic financing worth AED1 billion (US$272.21 million) to restructure conventional facility

Al Rajhi Bank implements SAS anti-money laundering solution
Monday,
15th December 2014

Scandinavia: the next Shariah investment destination?

Amen Bank introduces two Islamic mutual funds, according to Reuters

Primary Sukuk market total issuances reach US$114.7 billion between January and November 2014, according to KFH

Muscat Securities Market revises Shariah index, includes two new companies, excludes four

GCC insurance product lines show solid growth, says Moody’s

RAM rates Qatar at ‘gAA3(pi)’

RAM maintains AmIslamic’s financial institution ratings at ‘AA2/Stable/P1’

S&P assigns negative outlook to Bahrain’s ‘BBB/A-2’ rating

IFN Africa & Egypt Forum ends on a high note

S&P Dow Jones confirmed as executive partner for IFN Investors, Asia and Europe Forum

Indonesian government plans to raise up to IDR7.14 trillion (US$570.9 million) via Sukuk in 2015 to finance infrastructure development

90 North Real Estate Partners opening Malaysian office next month
Friday,
12th December 2014

Nakheel confirms AED220 million (US$59.88 million) profit payment on trade creditor Sukuk

Hong Kong lists sovereign Sukuk on NASDAQ Dubai

IFSB names Bank Indonesia governor as council chairman and admits five new observer members

Haraguchi International Law Office joins ISFIN as exclusive partner for Japanese market

Pakistan to welcome maiden Islamic gold fund next year

IDB receives US$35 million grant from King Abdullah of Saudi Arabia to eradicate Ebola in West Africa

Islamic banks concludes Qatar’s largest infrastructure syndication

Mindanao civil society organizations propose setting up dual financial system in Bangsamoro to cater to both Muslims and Christians

RAM affords global and ASEAN-scale sovereign ratings to Saudi Arabia

RAM maintains ‘AA3/Stable’ rating on Jimah Energy Ventures’ Sukuk

Musteq Hydro’s ‘AAA(bg)/Stable’ Sukuk rating reaffirmed

Moody’s assigns positive outlook to Al Madina Insurance Company’s upgraded rating
Thursday,
11th December 2014

Kenyan National Treasury plans capital markets platform for Islamic products, to appoint overseeing steering committee soon

JPMorgan Chase & Co secures position as second top Sukuk underwriter in the Gulf

Dubai Islamic Bank Pakistan expands branch footprint with Khayban-e-Bukhari branch in Karachi

Philippines Stock Exchange continues to work on Shariah index planned for a later date, says CEO

Sumitomo Mitsui Banking Corporation Malaysia welcomes in-house Shariah board

The IDB agrees to US$192 million in financing for development projects in Benin

Bank Nizwa signs Wakalah agreement with Al Hilal Islamic Banking Services to facilitate interbank activities

Investment Dar to submit draft framework on sophomore debt-for-assets deal end of next week

RAM maintains Special Power Vehicle’s Islamic debt program rating at ‘A1/Negative’

Al Alamiya for Cooperative Company’s accumulated losses until November reaches 59.87% of company’s capital

MetLife AIG ANB Cooperative Insurance Company receives regulatory approval to establish regional office in Jeddah

National Bonds plans to provide Takaful cover to investors in the first quarter of 2015

Islamic banking instrumental in driving up number of HNWIs in Malaysia
Wednesday,
10th December 2014

Improving macroeconomic fundamentals motivates UBL Fund Managers to introduce fifth tranche of Shariah compliant mutual fund series

Togo’s Mango-Dapaong Transmission Line Project a special priority for the IDB as it fosters regional cooperation among member countries, says IDB president

Elian appoints Gary Webb as associate director for international finance

Sharjah Islamic Bank receives accreditation by the Institute of International Auditors
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