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THIS WEEK'S ISSUE 15th APRIL
Volume 12 Issue 15
Cover Story : A banking boom: The competitive market for Sukuk sales
Editor's Note : A moveable feast
Rapids
Features
  Improving the quality of the growth of the Indonesian
     Islamic banking industry

  Shariah compliant real estate crowdfunding
     — Leveraging the Indonesian real estate boom

  Retail banking challenges for Islamic banks
  The opportunity for Islamic business finance
     products in the UK

  The next wave of the re-Takaful industry in Indonesia
IFN Reports
  Emerging markets see strong recovery in 2015
  Islamic ETFs — Not why, but when
  A new liquidity management tool in Bahrain
  Al Hilal Takaful and Euler Hermes form partnership
     to strengthen market foothold in the region

  Islamic banks struggle to meet digital demand
  Sukuk market performing well despite volatile
     environment

  Sovereign Sukuk: Positive progress
  Takaful players paying the price of regulation
     disharmony

  IFN Global Trendswatch
  IFN Weekly Poll: Can Shariah crowdfunding cater to
     the large SME market better than banks?
Case Study : Ras Al Khaimah’s largest public issuance: US$1 billion Sukuk Ijarah
   Closing Bell     Takaful News     Deal Tracker     Funds Data  
   News     Moves     Events Diary     League Tables  
   Islamic Investor News     Ratings     REDmoney Indexes     Index  

Cover Story

A banking boom: The competitive market for Sukuk sales


Editor's Note

A moveable feast



IFN Reports

IFN Global Trendswatch


Islamic Development Bank

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…

IFN Weekly Poll: Can Shariah crowdfunding cater to the large SME market better than banks?

No longer a stranger to the finance community, crowdfunding is undoubtedly an initiative that has entered the mainstream banking and finance arena. Said to possess the potential to become one of the biggest new tools in the Islamic equity markets, the sector has seen exponential growth over the past few years with a strong trend in Muslim markets... more...

Emerging markets see strong recovery in 2015

Islamic ETFs — Not why, but when

A new liquidity management tool in Bahrain

Al Hilal Takaful and Euler Hermes form partnership to strengthen market foothold in the region

Islamic banks struggle to meet digital demand

Sukuk market performing well despite volatile environment

Sovereign Sukuk: Positive progress

Takaful players paying the price of regulation disharmony


IFN Country Analysis

Bangladesh: A resilient Islamic finance player despite regulatory hurdles


IFN Sector Analysis

Retail banking in Islamic finance


Shariah Pronouncement

As part of banking services, an Islamic bank offers issuance of various types of letters of guarantee against a fee


IFN Country Correspondents

Developments on the Brazilian front

The UAE — A key participant in the Islamic finance economy

The future is bright in Qatar


IFN Sector Correspondents

The ‘other’ reason non-Islamic issuers are flocking to Islamic finance

New modes of supporting the Quranic prohibition on predatory lending


Special Reports

Differentiating Islamic banking through customer service

IFRS for Islamic finance: Development is needed with no delay

What does Islamic finance have in common with Madoff?


Case Study

Ras Al Khaimah’s largest public issuance: US$1 billion Sukuk Ijarah


Features

Improving the quality of the growth of the Indonesian Islamic banking industry

Shariah compliant real estate crowdfunding — Leveraging the Indonesian real estate boom

Retail banking challenges for Islamic banks

The opportunity for Islamic business finance products in the UK

The next wave of the re-Takaful industry in Indonesia


Book Excerpt

Can Islamic finance save the global system?

IFN Weekly Poll

Can large international ‘non-Muslim’ conventional banks still play a role in Islamic retail banking?
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
Thursday,
16th April 2015

Malaysia taps Trowers & Hamlins’s international expertise to boost Islamic finance market

Malaysia Building Society to transform itself into a fully-fledged Islamic bank in the next five years

Bank Negara Malaysia to issue Islamic treasury bills worth RM100 million (US$26.99 million) tomorrow

Malaysian government completes US$1.5 billion dual-tranche Sukuk issuance

BNI Syariah seeking to raise IDR750 billion (US$57.89 million) through Sukuk to fund expansion

S&P Global BMI Shariah and Dow Jones Islamic Market World outperform conventional counterparts for the first quarter

IDB to form joint working group with Yemeni government and NGOs to mobilize humanitarian support

Alkhair Capital looks to launch new funds and set up Sukuk advisory services

Capital Market Authority imposes penalty on SABB Takaful for failing to announce developments on Inmaia Property Development & Investment Company’s claim on time

PineBridge Investments Middle East in the midst of launching new re-Takaful company in Dubai

Qatar International Islamic Bank to facilitate Islamic finance development in China

Alizz Islamic Bank registers losses in the first quarter

Boubyan Bank keen to explore international opportunities especially the GCC, Egypt and Turkey

Dubai Islamic Bank keen to tap new segments on the back of 34% growth in first quarter profit

Qatar Islamic Bank realizes 19% growth in first quarter profit at QAR400 million (US$109.77 million)

Labuan IBFC to host a breakout session on its international Waqf foundation at the IFN Asia Forum 2015

MARC affirms ratings on Sime Darby's Islamic certificates

Moody's downgrades Bahrain’s rating to ‘Baa3’, maintains negative outlook
Wednesday,
15th April 2015

GCC players likely to hold off Sukuk plans until the second half, says RAM

Central Bank of Bahrain issues short-term Sukuk Ijarah worth BHD20 million (US$52.71 million) to overwhelming demand

Noor Bank to issue Sukuk under its US$3 billion trust certificate issuance program; Fitch assigns 'A-(EXP)' rating

Emirates Airline completes US$913.02 million Sukuk issuance

IDB urging Ghana to become a member of the Organization of Islamic Cooperation in order to benefit from development aid

Emirates Islamic looks to commence operations in Morocco in the next two years

IDB and United Nations Industrial Development Organization agree to collaborate and create jobs in common member countries

Islamic Financial Services Board meeting stakeholders on the 19th April to discuss 2016-18 performance strategy

Barwa Bank sees 2014 net profit surge 41.5% to QAR713 million (US$195.67 million)

CIMB Islamic wraps up 2014 with 7.05% growth in net profit at RM391.35 million (US$105.72 million)

RAM maintains ‘AAA/Stable/P1’ ratings on Public Islamic Bank based on its strategic importance to parent bank

Capital Intelligence downgrades outlook on Yemeni banks including Tadhamon International Islamic Bank due to political turmoil and economic weakness

Morocco revises dirham’s currency basket weighting

Gulf Finance House yet to make decision on de-listing shares on Kuwait Stock Exchange; thorough examination required

Amana Takaful selects GrayMatter’s Insurance Analytics to execute their business analytic program

Qatar Central Bank lends support to the upcoming IFN Qatar Forum taking place on 3rd May in Doha
Tuesday,
14th April 2015

Sukuk market performing well despite volatile environment

Saad Rahman leaves Credit Agricole; replaced by Hicham Achki

MARC assigns final rating of ‘AAAIS’ to Putrajaya Holdings's Sukuk Musharakah

MARC affirms ‘AAAID’ rating on MISC''s Islamic medium-term notes program

Moody's accords first-time long-term issuer rating to the Islamic Corporation for the Development of the Private Sector

RAM assigns ‘AA1/Stable’ rating to KLK’s proposed Islamic notes; reaffirms global scale ratings

Al Rajhi Bank continues downward trend; 10.96% drop in first quarter profits

Saudi British Bank makes higher profit in first quarter; raises capital by 50%

XL Group and Cobalt Underwriting launch Shariah compliant equine insurance; first Takaful product to be offered via Lloyd’s

Prudential BSN Takaful disburses Zakat and Welfare Funds to assist students

AlBaraka Turk secures US$268 million through syndicated Murabahah facility

Pakistani government to divest stake in Habib Bank in republic’s largest equity offering

Samba Financial Group rounds off first quarter with 3.06% increase in net profit
Monday,
13th April 2015

Takaful players paying the price of regulation disharmony

Axis REIT upsizes Sukuk program by 10 times and converts it into a perpetual program

Puncak Niaga to make profit payment for Sukuk end of this month

Malaysia Building Society plans third issuance under RM3 billion (US$816.93 million) structured covered Sukuk commodity Murabahah program

Bank Asya submits shareholder information to country’s Banking Regulation and Supervision Agency

Securities Commission Malaysia seeking applications from interested Shariah compliant equity crowdfunding operators

AAOIFI and International Accounting Standards Board address IFRS 9 in recent outreach meeting with international Islamic finance industry

Alizz Islamic Bank expands branch network with new unit in Al Wattayah

Gulf Finance House obtains approval for capital reduction

World Bank commits US$400 million to Egypt’s Takaful social safety net program

Kenya to meet Qatar this week to discuss Islamic finance opportunities particularly in the area of Sukuk

Azzad Asset Management first Islamic financial firm to join Interfaith Center on Corporate Responsibility
Friday,
10th April 2015

IFN Weekly Market Roundup: 4th April to 10th April 2015

International Islamic Liquidity Management to auction US$860 million three-month Sukuk

IFSB discusses financial inclusion and Islamic finance

The IDB to explore further opportunities with Senegal and Azerbaijan

Kothari Investment Partners plans Shariah compliant hedge fund worth US$100 million

KCB Group rolls out Islamic banking unit

Banque Saudi Fransi credits Medium Term Plan 2014-16 for positive financial performance momentum

Kuwait Finance House board member Ali Mohammed Al Olaimi resigns

Dubai Emirates National Oil Company to secure US$1.5 billion from a consortium of Islamic and conventional banks
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