Safa Investment Services received this week its official certification for Shari’a compliance from Shariyah Review Bureau. It makes Safa Investment Services the first Islamic global asset management business in the world. Safa permits customers to bene…
DanaInfra Nasional Bhd (DINB) has extended the offer period and upped the indicative profit rate of its Exchange Traded Bonds and Sukuk (ETBS), also known as DanaInfra Retail Sukuk for retail investors. The move is intended to attracting more investors…
In 2012, Qatar’s banking sector was buttressed by high oil and gas prices and a large-scale infrastructure programme. The banking sector continuously benefits from substantial GDP growth in the economy of the country. Real GDP reached 19% in 2011. This increase was caused by strength in oil prices and the substantial increase in LNG production to 75mnt (from 55mnt). The latter was able to drive hydrocarbon sector GDP up by more than 30%. The output of the non-hydrocarbon sector continued its growth as well, sustaining a 9% rate due to ongoing capital expenditure on infrastructure development.
Dear Reader,
Islamic finance had another great year. Many of its market segments progressed, like for example the Sukuk market gaining more maturity. Despite the ongoing debt crisis a good sign of hope and happiness.
Nevertheless we are – as an industr…
It is estimated that the total Islamic assets of the UAE are worth $75 billion. This sum puts the country on the third place regarding the global market for the Shariah-based banking industry. The worldwide assets in this area are expected to reach $1….
Dear Reader,
The German language book on Islamic finance by the Editor of IslamicFinance.de and Dr Wackerbeck from Booz Consultants is now translated to Chinese.
Please find the biographical information below:
Authors: Michael Gassner / Philipp Wacker…
The expectations of Sedco Capital are that its assets under management will double during the next five years due to the company’s expansion into new. The expansion plans are driven by the increasing demand from Shariah-compliant investors. The investm…
According to the CEO of Amana Bank, Faizal Salieh, it is expected for the current $ 250 million of banking assets to rise to $ 1.5 billion in the coming years. About 8% of the country’s population of 21.5 million people are Muslims. The strong demand f…
Significant growth in the Islamic asset management industry was observed over the past ten years. Starting with structuring and launching of funds, it has developed to a more comprehensive wealth management service. However, the industry has not set it…
the new Chairman of the Securities Commission of Malaysia – Ranjit Ajit Singh – said he wanted to see the emergence of an internationalized single Association of South East Asian Nations (ASEAN) asset class which would be able to compete with other maj…
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