Tagged: The Malaysian Reserve

Amanie plans sukuk for Australian business

Amanie plans sukuk for Australian business

<p>Amanie Advisors Australia Pte Ltd, which is part of the Malaysian Amanie Advisors Group, has proposed to raise multiple short-term sukuk to cover Australia&rsquo;s manufacturing ecosystem as part of the strategy to win funds from the Gulf area. Amanie founder and group chairman Dr Mohd Daud Bakar said the structures used in Islamic finance transactions mirror very closely the types of funding that are currently in demand in Australia, particular with respect to real economic activity which include leasing, financing of mining activities and farming. Amanie's idea involves funding from the whole value chain of any business, for examples electricity production. This is a totally new way of approach in the Islamic finance industry, which seems to have been well accepted in Australia. The short-term sukuk will involve the banks in the value chain, reduce the dependency of farmers and producers from conventional or private funds though the risk is quite high but the third party acts as the underwriter.</p>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<p><a href="http://themalaysianreserve.com/main/news/corporate-malaysia/4081-amanie-plans-sukuk-for-australian-business" title="http://themalaysianreserve.com/main/news/corporate-malaysia/4081-amanie-plans-sukuk-for-australian-business">http://themalaysianreserve.com/main/news/corporate-malaysia/4081-amanie-…</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5370&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5370" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5370&amp;count=horizontal&amp;via=&amp;text=Amanie%20plans%20sukuk%20for%20Australian%20business&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5370" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5370" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5370&amp;t=Amanie+plans+sukuk+for+Australian+business" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5370&amp;title=Amanie+plans+sukuk+for+Australian+business" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5370&amp;t=Amanie+plans+sukuk+for+Australian+business" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5370&amp;title=Amanie+plans+sukuk+for+Australian+business" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5370&amp;title=Amanie+plans+sukuk+for+Australian+business&amp;summary=Amanie+Advisors+Australia+Pte+Ltd%2C+which+is+part+of+the+Malaysian+Amanie+Advisors+Group%2C+has+proposed+to+raise+multiple+short-term+sukuk+to+cover+Australia%E2%80%99s+manufacturing+ecosystem+as+part+of+the+strategy+to+win+funds+from+the+Gulf+area.+Amanie+founder+and+group+chairman+Dr+Mohd+Daud+Bakar+said+the+structures+used+in+Islamic+finance+transactions+mirror+very+closely+the+types+of+funding+that+are+currently+in+demand+in+Australia%2C+particular+with+respect+to+real+economic+activity+which+include+leasing%2C+financing+of+mining+activities+and+farming.+Amanie%27s+idea+involves+funding+from+the+whole+value+chain+of+any+business%2C+for+examples+electricity+production.+This+is+a+totally+new+way+of+approach+in+the+Islamic+finance+industry%2C+which+seems+to+have+been+well+accepted+in+Australia.+The+short-term+sukuk+will+involve+the+banks+in+the+value+chain%2C+reduce+the+dependency+of+farmers+and+producers+from+conventional+or+private+funds+though+the+risk+is+quite+high+but+the+third+party+acts+as+the+underwriter.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5370&amp;title=Amanie+plans+sukuk+for+Australian+business" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>

Islamic finance in critical need of talent

Islamic finance in critical need of talent

The lack of experienced staff and the recent explosive demand for Shariah-compliant products makes it especially hard for the Islamic finance industry to find new employees. The global phenomenon is that an estimated one million professionals are requi…

HSBC sees record 2013 sales on yield

HSBC sees record 2013 sales on yield

<p>Sukuk sales in 2013 will pick up speed to beat last year&rsquo;s record because of the relative resilience of Islamic debt to surging global bond yields, said HSBC Holdings plc and Deutsche Bank AG, the top two underwriters. Issuance will reach US$55 billion to US$60 billion (RM191.88 billion), from US$46.5 billion in 2012. The prospect of the Federal Reserve tapering its monetary stimulus has pushed the average yield on global sukuk up 68 basis points this month to 4.06% on Monday. That compares to an 110 basis point increase to 6.17% for emerging-market debt. The Shariah market has many &ldquo;buy-and-hold&rdquo; investors, reducing price swings. The high borrowing costs in the conventional markets contributed heavily to the current growth of Shariah-compliant sales.</p>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<p><a href="http://themalaysianreserve.com/main/sectorial/underwriter/4015-hsbc-sees-record-2013-sales-on-yield" title="http://themalaysianreserve.com/main/sectorial/underwriter/4015-hsbc-sees-record-2013-sales-on-yield">http://themalaysianreserve.com/main/sectorial/underwriter/4015-hsbc-sees…</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5322&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5322" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5322&amp;count=horizontal&amp;via=&amp;text=HSBC%20sees%20record%202013%20sales%20on%20yield&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5322" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5322" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5322&amp;t=HSBC+sees+record+2013+sales+on+yield" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5322&amp;title=HSBC+sees+record+2013+sales+on+yield" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5322&amp;t=HSBC+sees+record+2013+sales+on+yield" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5322&amp;title=HSBC+sees+record+2013+sales+on+yield" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5322&amp;title=HSBC+sees+record+2013+sales+on+yield&amp;summary=Sukuk+sales+in+2013+will+pick+up+speed+to+beat+last+year%E2%80%99s+record+because+of+the+relative+resilience+of+Islamic+debt+to+surging+global+bond+yields%2C+said+HSBC+Holdings+plc+and+Deutsche+Bank+AG%2C+the+top+two+underwriters.+Issuance+will+reach+US%2455+billion+to+US%2460+billion+%28RM191.88+billion%29%2C+from+US%2446.5+billion+in+2012.+The+prospect+of+the+Federal+Reserve+tapering+its+monetary+stimulus+has+pushed+the+average+yield+on+global+sukuk+up+68+basis+points+this+month+to+4.06%25+on+Monday.+That+compares+to+an+110+basis+point+increase+to+6.17%25+for+emerging-market+debt.+The+Shariah+market+has+many+%E2%80%9Cbuy-and-hold%E2%80%9D+investors%2C+reducing+price+swings.+The+high+borrowing+costs+in+the+conventional+markets+contributed+heavily+to+the+current+growth+of+Shariah-compliant+sales.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5322&amp;title=HSBC+sees+record+2013+sales+on+yield" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>

Family takaful projected to grow by 160%

Family takaful projected to grow by 160%

The global family of takaful market is projected to grow by over 160% in the next five years to hit US$5 billion (RM16.02 billion), World Takaful Conference CEO David McLean said recently. Though the bottom line profitability on the general takaful fro…

GI-TH roll out RM150m Shariah-compliant fund

GI-TH roll out RM150m Shariah-compliant fund

Guidance Investments (GI) has launched a RM150 million Shariah-compliant investment fund for equipment leasing for the Saudi Arabian market in partnership with Lembaga Tabung Haji (TH). This Tabung Haji acted as the capital provider, while the US-based…

GI-TH roll out RM150m Shariah-compliant fund

GI-TH roll out RM150m Shariah-compliant fund

Guidance Investments (GI) has launched a RM150 million Shariah-compliant investment fund for equipment leasing for the Saudi Arabian market in partnership with Lembaga Tabung Haji (TH). This Tabung Haji acted as the capital provider, while the US-based…

Khazanah gearing for global sukuk expansion

Khazanah gearing for global sukuk expansion

State investment company Khazanah Nasional Bhd is gearing for more innovative investment options to follow its landmark portfolios in the sukuk marketplace. It plans to publish a coffee table book to share its success stories thus far. In recent weeks,…

Takaful Ikhlas appoints new CEO

Takaful Ikhlas appoints new CEO

Takaful Ikhlas Sdn Bhd has appointed a new chief executive officer of the general and family takaful company – Ab Latiff Abu Bakar. The appointment became effective on January 7th 2013. Latiff has a Bachelor Degree in Business Administration from the U…