IFN RSS feeds twitter
Click Here
 
Subscriber Login
User ID:
Password:
Not a subscriber? Request for free trial
 
IFN Search

 
IFN Company Directory

 
Build your own
IFN Research Report
 
 
Latest Supplement
Supplements
 
 
Currency Converter
 
Books
 
Upcoming Training
 
Upcoming Conferences
 
Partners
Download Full Issue Help
THIS WEEK'S ISSUE 25th MARCH
Volume 12 Issue 12
Cover Story : Clean energy: An Islamic opportunity
Editor's Note : Renewing energy ambitions
Rapids
Features
  The UAE’s progression as a global hub for the Islamic
     economy

  Sukuk: An alternative method for raising capital
  Takaful and re-Takaful: Mainstays of Islamic insurance
IFN Reports
  Qatar insurance sector the fastest-growing in the
     GCC, Takaful included

  Islamic finance gains more traction in Europe
  Sovereign Sukuk: Fulfilling their promises, countries
     take action

  Appetite for Malaysian government Sukuk strong
     ahead of Barclays’ index inclusion

  Current Sukuk opportunities are unattractive to
     Islamic insurers, says AM Best

  Malaysia (potentially) downgraded — Sukuk market
     affected?

  High cost holding back Islamic microfinance industry
     in Indonesia

  IFN Global Trendswatch
  IFN Weekly Poll: Are we about to see a wave of
     social impact Sukuk issuances?
Special Report:
  Global Sukuk outlook 2015
Case Study : Sharjah Islamic Bank’s Sukuk: The first senior unsecured paper since October 2013
   Closing Bell     Takaful News     Deal Tracker     Funds Data  
   News     Moves     Events Diary     League Tables  
   Islamic Investor News     Ratings     REDmoney Indexes     Index  

Cover Story

Clean energy: An Islamic opportunity


Editor's Note

Renewing energy ambitions



IFN Reports

IFN Global Trendswatch


Islamic Development Bank

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

IFN Weekly Poll: Are we about to see a wave of social impact Sukuk issuances?

Following the success of the International Finance Facility for Immunisation Co’s (IFFIm) US$500 million Sukuk issuance last year, the market has been abuzz with potential plans to tap the Islamic debt capital market for social impact and green Islamic bonds...more...

Qatar insurance sector the fastest-growing in the GCC, Takaful included

Islamic finance gains more traction in Europe

Sovereign Sukuk: Fulfilling their promises, countries take action

Appetite for Malaysian government Sukuk strong ahead of Barclays’ index inclusion

Current Sukuk opportunities are unattractive to Islamic insurers, says AM Best

Malaysia (potentially) downgraded — Sukuk market affected?

High cost holding back Islamic microfinance industry in Indonesia


IFN Country Analysis

Tunisia: Slow and steady


IFN Sector Analysis

Sukuk: The icon


Shariah Pronouncement

An Islamic bank’s management has approved a financing facility to its customer (a trading company) subject to the company providing acceptable security


IFN Country Correspondents

Indonesian retail Sukuk 2015: Exceeding the target

Afghanistan: Islamic finance steadily gaining inroads


IFN Sector Correspondents

Debt capital markets: An impressive growth of Al Meezan Mutual Fund

Islamic syndications remain sluggish


Special Reports

Global Sukuk outlook 2015


Case Study

Sharjah Islamic Bank’s Sukuk: The first senior unsecured paper since October 2013


Features

The UAE’s progression as a global hub for the Islamic economy

Sukuk: An alternative method for raising capital

Takaful and re-Takaful: Mainstays of Islamic insurance


Book Excerpt

Financial engineering in Islamic finance the way forward: A case for Shariah compliant derivatives

IFN Weekly Poll

With current market climate, will we see more players trying to achieve a negative yield on their Sukuk issuance this year?
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

DIFC Seminars
Wednesday,
25th March 2015

Valuecap to bring new Islamic exchange-traded fund to the market next month

Ashmore to roll out Islamic funds in Saudi Arabia

Emirates Airline tightens price guidance for US$913 million Sukuk; received US$1.9 billion in orders

Indonesia’s latest Sukuk sale oversubscribed; raised IDR1.97 trillion (US$151.3 million)

Garuda Indonesia to begin global Sukuk roadshow in May

Moroccan central bank to launch Islamic interbank market to stimulate economy

Elixir Capital invests US$4.5 million in Indonesian plastic waste recycling business

Khaleeji Commercial Bank signs MoU with Gulf Air for discounts on flight tickets

Sovereign and Development Bank of Kazakhstan’s ratings (including Sukuk) not impacted by cross-border restrictions, says RAM

Premier Insurance to set up Takaful window; receives technical assistance from Meezan Bank

The UAE levels playing field; enhances liquidity management facility for Islamic banks

Ezdan Holding signs on as lead partner for inaugural IFN Qatar Forum 2015

BMCE Bank posts 58% increase in net profit reaching MAD1.94 billion (US$197.19 million) for 2014
Tuesday,
24th March 2015

Central Bank of Bahrain issues monthly Sukuk Salam worth BHD36 million (US$94.79 million) to overwhelming demand

Emirates Airline sets price guidance for US$913 million 10-year Sukuk; to price as early as tomorrow

Ras Al Khaimah could price benchmark 10-year Sukuk today

Amana Bank introduces the Education Finance scheme for students and working individuals

Bahrain Islamic Bank’s shareholders approve new incentive scheme for employees; issues new shares

Dubai Islamic Economy Development Center to set up federal Shariah board by third quarter of 2015

Arig to distribute 5% cash dividend for 2014 financial year

Al Baraka Banking Group rounds up 2014 with 7% growth in net profit

High cost holding back Islamic microfinance industry in Indonesia

Bank Rakyat records 2.7% increase in net profit to RM1.96 billion (US$533.14 million)

The deputy commissioner of banking supervision at Otoritas Jasa Keuangan and the deputy chairman for investment climate, Indonesia Investment Coordinating Board, confirm participation at the IFN Indonesia Forum 2015
Monday,
23rd March 2015

Downgrade in Malaysia’s rating would not displace it from leading position in global Sukuk market, says analyst

Oman Telecommunications’s shareholders approve company’s proposed Sukuk issuance

Sandeep Puri joins Baker & McKenzie Habib Al Mulla as partner in banking and finance practice

Mohamed Azmi Mahmood to lead AmBank Group as acting group managing director

State of Duma submits draft Islamic banking law to the parliament of the Federal Assembly of Russia

Asian Development Bank prepares US$2 million Islamic finance technical assistance for member countries

Maulana Azad National Urdu University to offer Islamic finance diploma course

Kuveyt Türk to become Germany’s first Islamic bank; awaits approval from country’s regulator

Bahraini and Egyptian bourses discuss cross-listing opportunities

Arab Banking Corporation distributes US$155.5 million to shareholders

Bank Sohar to provide residential financing for Dar Al Zain project

Takween secures SAR1.3 billion (US$346.46 million) Murabahah financing facility for expansion plans

Ajman Bank obtains syndicated financing facility worth US$155 million

APICORP procures US$950 million via Islamic syndicated financing

RAM assigns final rating of ‘AA3(s)/Stable’ to Kuveyt Turk’s ringgit-denominated Sukuk

RAM withdraws ‘AA1/Stable’ rating of Abu Dhabi National Energy Company’s Sukuk
Friday,
20th March 2015

IFN Weekly Market Roundup – 14th-20th March 2015

Indian congress member claims political reasons behind Shariah Equity Fund deferment

Bank Muscat receives greenlight for OMR500 million (US$1.29 billion) Sukuk program <p align="justify">

Ivory Coast discusses possible Sukuk issuance in a bid to drive up economic growth

Japan International Cooperation Agency to assist Jordan in the latter’s debut Sukuk

Turkiye Finans and Zorlu Energy obtain regulatory approval for Sukuk issuance

Perwaja Group skips Sukuk payment as it undergoes restructuring

IDB to include input from President’s Advisory Panel into 10-year strategic framework

Port and Free Zone World procures US$1.2 billion five-year financing facility from a consortium of Islamic and conventional banks

Squire Patton Boggs boosts corporate and financial services practices in the Middle East

AM Best affirms Watania at ‘B+’ <p align="justify">

Fitch lifts Qatar International Islamic Bank’s long-term issuer default rating to ‘A+’ <p align="justify">

Petro Rabigh’s senior debt financing facility of US$5.17 billion includes Islamic tranches

Proceeds from PETRONAS’s Sukuk to fund possible acquisitions
Thursday,
19th March 2015

Appetite for Malaysian government Sukuk strong ahead of Barclay’s index inclusion end of this month

Barwa Bank hires Cenk Karacaoglu as head of syndications

Bank Nizwa rolls out educational platform

First Gulf Bank requests for rating on proposed Sukuk Wakalah to be withdrawn

Kuwait Finance House’s net profit grows to KWD126.5 million (US$42.12 million)
Join us on Twitter
Join us on LinkedIn
Join us on Facebook