:London :Dubai :Kuala Lumpur :New York
Sign in   |   Register


image Introduction to Risk Management in Islamic Banking – Basel II Compliance.
Event date: - 2012-12-07
image 12th Annual Islamic Finance Summit
Event date: - 2013-02-26
image The 3rd PPP MENA Conference
Event date: - 2013-03-17
image Islamic Finance Forum Europe
Event date: - 2013-05-28
  More Events    Add Event


Enter your keyword  

Follow Us

News by Topics

It has been reported that Dubai-based Noor Islamic Bank, one of the largest Shariah-compliant financial institutions in the UAE, is planning to expand its operations to Southeast Asia in order to tap the growing Islamic banking market in the region.

"We see tremendous opportunities stemming from greater cooperation between financial institutions in Southeast Asia and the GCC," Hussain Al Qemzi, Group CEO of Noor Investment Group and CEO of Noor Islamic Bank, said in a release.

Noor Islamic is eyeing to set up operations or partnerships in countries with a large Muslim population such as like Malaysia, Indonesia and Brunei, and also wants to enter Singapore as an important financial hub in the region.

"Asian countries are facing escalating infrastructure and development needs, backed by solid economic growth, at a time when the outlook for global lending markets remains uncertain," Al Qemzi said.

"Our aim is to work with existing financial institutions, in countries like Malaysia, Indonesia and Singapore, to help bridge the funding gap created by the shrinkage of the global liquidity pool," he added.

He said he believes that – as trade and investment links between the Middle East and Asia deepen – Noor Islamic was well positioned to help Southeast Asian governments and corporates to attract Islamic finance investment from the GCC, where liquidity levels remain high.

Singapore, which is an established financial market with a nascent Islamic finance industry, could be used by Noor Islamic as a base to issue sukuks and provide Shariah-compliant real estate investment trusts.

At $80 billion, Southeast Asia’s Sukuk market is the largest in the world, accounting for over two thirds of the global Sukuk market, with Malaysia in a leading role.

Noor Islamic Bank, established in 2006 in Dubai, is a subsidiary of Noor Investment Group and sister company of Noor Takaful.

Share |


starting your own business with B&F Switching to B and f services


image How credit risk is associated with key macroeconom ...
Recently published article by Hamid A.H. Al-Wesabi & Nor Hayati Ahmad from University Utara Malaysia is answering the qu ...
image London can lead world as an Islamic Finance hub ...
Financial Time published the following article from George Osborne (UK chancellor of the exchequer) regarding this week ...
image The world bank will open its first centre on Islam ...
The world bank will open its first centre on Islamic Finance at Borsa Istanbul premises, the exchange market said Monda ...
image Busy November for Islamic Finance ...
Islamic Finance Calendar for November 2013: 1. The 9th World Islamic Economic Forum held in:London Date: MONDAY, NOV 4 ...
image Family Farming: The Key to Alleviating Hunger and ...
After decades of failed attempts to eradicate hunger, development agencies, internation ...

Share |

Company Recomendation of the week
Overseas Trade Finance   
We specialise in sourcing trade finance, and arrange funding for export transactions on behalf of exporters, and international trade finance professionals world wide. We arrange the finance for Trade related business and forfeiting. Visit: www.otfonline.com

Current issue

''The principle of Islamic Finance is about transparency, ethics and fairness, as well as promotin ...
main cover islamic


Subscribe Digital

  Current Issue     Trial Version     Digital     Archive  

Click to launch the full edition in a new window
Online Publishing from YUDU

Latest Books

image Islamic Branding and Marketing: Creating a Global Islamic Business
Author/Publisher: - Dr. Paul Temporal
image Understanding Islamic Banking: The Value Proposition That Transcends Cultures
Author/Publisher: - Joseph A. DiVanna
image Critical Issues on Islamic Banking and Financial Markets: Islamic Economics, Banking and Finance, Investments, Takaful and Financial Planning
Author/Publisher: - Saiful Azhar Rosly
image Product Development in Islamic Banks (Edinburgh Guides to Islamic Finance)
Author/Publisher: - Habib Ahmed
image Frequently Asked Questions in Islamic Finance (The Wiley Finance Series)
Author/Publisher: - Brian Kettell
  Buy Now      More Books  

QUOTE of the week

 Islamic finance is becoming an integral part of the global finance industry and has taken its roots in almost all of the Muslim countries but has also been under discussion and penetration in selective Western and Far Eastern jurisdictions

Moinuddin Malim, CEO, Mashreq Al Islami

GCB    Business Media Group - the Publisher    B&F Services Ltd.