: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

With the gap between Islamic and conventional banking solutions narrowing substantially, and due to the fast development of the Islamic banking industry, Muslim high net worth individuals are increasingly expecting Shariah compliance in managing their wealth, making Islamic wealth management solutions a key market need, Standard Chartered Private Bank has observed.

In the UAE, Islamic banking assets would grow to 20 per cent of the total banking sector in 2012 from an estimated 18 per cent in 2011, a banking expert has mentioned. According to recent data of Bloomberg, Global sales of Shariah-compliant bonds jumped to US$36 billion this year, just shy of 2011's full-year record of US$36.7 billion. In the third quarter of 2012 USD 40 billion sukuk was issued globally, comparing with the previous year same period the figure almost doubled. This takes the total of sukuk issued during the first nine months of the year to a record USD 109 billion, up 69% from the same period last year. Still, the value of sukuk sold this year compares with US$2.9 trillion of international bonds sold in 2012, according to data compiled by Bloomberg is not reflecting the market share of Muslim population in the world.

At the time being Islamic financial assets are valued at USS$1.3 trillion. S&P expects the industry to grow %20 annually over period of 2011-2015. However, there are some more upbeat forecasts by pundits for the Islamic finance industry. Dr Farhad Reyazat Editor in chief of Islamic Finance Magazine said a doubling of the industry's assets by 2015 could be a conservative estimate, and we wouldn’t be surprised if they tripled. Noor Islamic Bank chief executive Hussain Al Qemzi, speaking at the 2nd Annual Middle East Islamic Finance and Investment Conference, said the global Islamic finance industry could grow from its present $1 trillion to around $4 trillion within five years as untapped markets such as China open up and new products drive demand. Standard Chartered said in its Islamic finance industry outlook in June that banking assets of the Shariah-complaint segment, currently growing twice as fast as conventional banking assets, would reach $1.1 trillion globally in 2012, up 33 per cent from 2010. So everybody believe on growth but the expectation on growth is different.
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
Hyde Park Executive Meetings   
Hyde Park Executive is situated in the West End of London, the area is home to major corporate headquarters, real estate businesses, hedge funds, wealth managers and embassy offices in the neighbourhood of Mayfair, Oxford Street, Park Lane, and Knightsbridge. Our meeting rooms are based on 12th floor and all benefit from having natural daylight – after all nobody wants to be stuck in a windowless box all day.Our service is all about flexibility and this extends to our booking options. It could be a one-hour catch-up in a meeting zone, half-day, 24-hours or an entirely bespoke package. For an informal meeting, you’re welcome to catch-up with a coffee in reception or over lunch in our stunning Dubai room. www.hydeparkexecutive.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.