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THIS WEEK'S ISSUE 19th NOVEMBER
Volume 11 Issue 46
Cover Story : IFN Islamic Investor Awards 2014: Bringing you the best
Editor's Note : Honoring the industry
Rapids
Feature
  South Africa: Still the Islamic finance gateway?
  The impact of the first Sukuk issuance in South Africa
  What does it take to expand the Islamic microfinance
     market?

  Actuarial software for Takaful
IFN Reports
  EXCLUSIVE: IIFM launches new global standard
     documentation on collateralized Murabahah

  CIMB Islamic signs MoU with IRTI to produce
     comprehensive Islamic finance country reports
     for Southeast Asian markets

  China to enter the Islamic finance market?
  Islamic Bank of Thailand — is there still hope?
  Real estate — driving globalization of Islamic finance
  Sovereign Sukuk: Chasing the year-end
  IFN Dealogic Roundup: Surge to come for the end
     of the year?

  UK firm adds Islamic fund to portfolio as it expands
     partnership with Emirates NBD Asset Management

  Alliance Capital Management — new management,
     fresh perspectives

  IFN Weekly Poll: With Germany’s GIZ exploring
     opportunities in Islamic microfinance, will we see this
     particular sector flourish in 2015?

  Into Japan: RAM signs collaboration agreement with
     R&I

  BancaTakaful increasingly becoming the preferred
     option to break into market

Special Reports:
  Gold and silver ETF: Shariah advisers’ liabilities under
     the recent Shariah pronouncement

  Social impact Sukuk: A new frontier for Islamic finance
  A puzzle of possibilities: SME needs remain unmet in
     the Middle East
Case Study : Cagamas’ largest Commodity Murabahah offering
   Closing Bell     Takaful News     Deal Tracker     Funds Data  
   News     Moves     Events Diary     League Tables  
   Islamic Investor News     Ratings     REDmoney Indexes     Index  
Cover Story

IFN Islamic Investor Awards 2014: Bringing you the best


Editor's Note

Honoring the industry


Column

Daud speaks


IFN Reports

EXCLUSIVE: IIFM launches new global standard documentation on collateralized Murabahah


Islamic Development Bank

Bahrain-based International Islamic Financial Market (IIFM) this week launched its sixth documentation standard, known as the IIFM Master Collateralized Murabahah Agreement. VINEETA TAN has the exclusive... more... more…

CIMB Islamic signs MoU with IRTI to produce comprehensive Islamic finance country reports for Southeast Asian markets

Ending on a high note, the immensely successful IFN Saudi Forum 2014 held on the 17th November in Riyadh once again gathered some of the industry’s foremost experts to engage market players from diverse backgrounds in a series of highly interactive discussions... more…

China to enter the Islamic finance market?

Islamic Bank of Thailand — is there still hope?

Real estate — driving globalization of Islamic finance

Sovereign Sukuk: Chasing the year-end

IFN Dealogic Roundup: Surge to come for the end of the year?

UK firm adds Islamic fund to portfolio as it expands partnership with Emirates NBD Asset Management

Alliance Capital Management — new management, fresh perspectives

IFN Weekly Poll: With Germany’s GIZ exploring opportunities in Islamic microfinance, will we see this particular sector flourish in 2015?

Into Japan: RAM signs collaboration agreement with R&I

BancaTakaful increasingly becoming the preferred option to break into market



IFN Country Analysis

Islamic finance in Iran: A world of potential


IFN Sector Analysis

Islamic private equity and venture capital: The way forward


Shariah Pronouncement

An Islamic bank has launched a product after getting it approved by the bank’s Shariah board for financing the construction of residential villas for its individual customers


IFN Country Correspondents

A great fit: Brunei’s Islamic finance and oil & gas industries

The potential of Zakat collection in Indonesia


IFN Sector Correspondent

Private equity and venture capital: Private equity activity increases in the GCC


Special Reports

Gold and silver ETF: Shariah advisers’ liabilities under the recent Shariah pronouncement

Social impact Sukuk: A new frontier for Islamic finance

A puzzle of possibilities: SME needs remain unmet in the Middle East


Case Study

Cagamas’ largest Commodity Murabahah offering


Features

South Africa: Still the Islamic finance gateway?

The impact of the first Sukuk issuance in South Africa

What does it take to expand the Islamic microfinance market?

Actuarial software for Takaful

Deals of the Year

IFN Weekly Poll

Inching closer to its proposed issue date and after a postponement in September, will Pakistan meet its target to raise US$1 billion in Sukuk before December 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,
20th November 2014

Gatehouse and Sigma form joint venture to develop one of UK's largest private rented residential portfolios

Emirates REIT announces net asset value increase

Dubai Aviation Corp launches five-year US$500 million debut Sukuk, narrows price guidance

Port operator Northport to issue RM1.5 billion (US$447.67 million) Sukuk according to MARC

GFH concludes capital reduction plan, reduces accumulated losses by US$134.4 million

Investment Dar to make new legal bid for stake in Boubyan Bank

Introduction of Islamic finance regulation in Iraq could boost the industry to 6% of total banking assets within three years according to experts

AAOIFI to revise four standards in the new year, including expansion of coverage regarding Sukuk

Noor Bank offers scholarships to UAE students to boost talent within the Islamic banking sector

Air Arabia secures US$230 million Ijarah financing facility to fund delivery of six Airbus A320 aircraft

RAM reaffirms enhanced ‘AA1(s)/Stable’ rating for RM150 million (US$44.76 million) debt securities issued by Pendidikan Industri YS

Emirates REIT names new appointments to Oversight and Advisory Boards

Shariah compliant fund in India posts annualized returns of 18% at the end of five year tenure
Wednesday,
19th November 2014

Turkey’s maiden 10-year Sukuk paves way for longer-term sovereign Islamic debts

CastleHill Capital unveils plans to launch Shariah compliant UK student accommodation fund in 2015

Malaysia Building Society plans second issuance under RM3 billion structured covered Sukuk commodity Murabahah program

Pricing for Dubai Aviation Corp Sukuk expected today, initial guidance set at 225bps over midswaps

Kuveyt Turk mandates three banks for debut Malaysian Sukuk worth RM2 billion (US$596.90 million)

Price guidance for US$600 million Sukuk from Mumtalakat narrows due to offers of more than US$2.5 billion from investors

Advanced Petrochemical Co completes debut SAR1 billion (US$266.43 million) Sukuk

Hilal Sukuk Company US$1 billion Sukuk delisted from NASDAQ Dubai following full and complete redemption

IILM to auction three-month US$590 million Sukuk on the 25th November

Finalized structure for Islamic mega bank expected as soon as the first quarter of 2015 according to CIMB

Abraaj Investment Management gets regulator nod for acquisition of Bisco Misr

Arcapita completes US$100 million fundraising, plans further investments in the Gulf and international markets

Al-Rajhi Bank and Mobily agree communications and IT services deal

Turkish asset management platform AZ Global rebrands as Azimut Global

Better opportunities for Islamic finance training required for the development of the industry, according to IRTI director general

Jadwa Investments considering real estate as part of its strategy towards new asset classes

Great Eastern Takaful and Bank Muamalat sign bancaTakaful distribution agreement
Tuesday,
18th November 2014

UK firm secures Shariah compliant offshore real estate financing deal as part of Islamic investment strategy

Mumtalakat to price Sukuk today according to reports

Profit payment due for LBS Bina Group’s RM135 million (US$40.34 million) Sukuk on the 1st December

Ten-year Turkish Sukuk expected to price today

Bank Asya to vote on capital increase on the 22nd November

Bank Islam Malaysia deems co-branded debit card campaign a success

EIIB-Rasmala confirms full acquisition of Rasmala Egypt Asset Management in line with strategic initiatives for 2015

Dow Jones Sukuk Index indicates higher total outstanding for 2014 in year-on-year figures

AAOIFI to incorporate view from conventional accounting standards board at annual conference

Saudi market to open to foreign investors in the first quarter of 2015

Islamic finance to be launched through IBA-Moscow on the 1st December 2014

Alistithmar Capital appoints Shariyah Review Bureau as Shariah advisor ahead of Islamic fund launch

Itqan Capital to launch US$200 million Shariah compliant private equity fund for primary education in Saudi Arabia

DHTI Capital in a tight spot, receives negative outlook on Islamic facilities

Improving capitalization and sustained operating profitability gain Etiqa Takaful ‘A’ rating
Monday,
17th November 2014

CIMB Islamic signs MOU with IRTI to produce comprehensive Islamic finance country reports for Southeast Asian markets

Profit payment for RHB Islamic’s RM1 billion (US$298.64 million) Sukuk Murabahah due today

Redemption of Syarikat Pengeluar Air Sungai Selangor RM435 million (US$129.9 million) Sukuk Murabahah due on the 28th November

Qatar International Islamic Bank plans extension of branch network and upgrade to digital offering, according to CEO

Emirates Islamic partners with Dubai Health Authority for CSR initiative

Gulf Finance House rebrands as financial group GFH with new administration in place

IDB Group has approved financing of US$10.6 billion since 2013

Islamic finance assets in Oman expected to command 10% of total banking assets by 2018, according to industry experts

Islamic finance could be an addition to the new Banking Code for Azerbaijan according to Islamic finance head

Silk Holdings Sukukholders approve sale of highway concessionaire for RM395 million (US$117.96 million)

Kuveyt Türk to take the lead in the development of its video teller machine network

Otoritas Jasa Keuangan and Indonesia’s national Shariah board agree to strengthen oversight of Islamic finance industry

Bank Muamalat Indonesia enhances online banking security with Gemalto

BLME Holdings reports profit of GBP6.7 million (US$10.49 million) for the first nine months of the year

Khaleeji Commercial Bank announces net profit of BHD2.21 million (US$5.74 million) for the period ending the 30th September 2014

Al Baraka Turk announces 21% leap in net profits for the first nine months of 2014

Ithmaar Bank bounces back from losses, with net profit of US$4.84 million for first nine months of the year

Pak-Qatar Family Takaful enters bancaTakaful arrangement with JS Bank

S&P affirms ‘BBB-/A-3’ rating for Morocco

Malaysia Airport Holding’s proposed RM2.5 billion (US$746.6 million) perpetual subordinated Sukuk program receives ‘AA2’ rating

Dubai Aviation Corp states net profits up by 40% for the first half of 2014

Abu Dhabi Islamic Bank-Egypt doubles nine-month net profit to EGP179.12 million (US$24.8 million)

Emirates NBD appoints Saod Obaidalla to new role of head of private banking

John Hopley joins PineBridge Investments as chief financial officer
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