Islamic Finance
Lack of product range innovation stymies Islamic funds
Even as growing numbers of multinational asset managers move to set up shop in Malaysia as they prepare to tap into the demand for Islamic fund management, an informal poll of market participants suggests that the industry’s growth is being stymied by a lack of product innovation and range.
Middle East | 1 Oct 13
Islamic bond market now worth 100bn
Sukuk Issuance looks set to reach $100 billion, according to Standard& Poor’s rating service, although global economic fluctuations and structural issues may threaten to impede this growth.
asia and middle east links fuel cross border
Strengthening ties between Asia and the Middle East, particularly within the Islamic finance sector, have been highlighted in a speech by one of Singapore’s senior politicians.
shariah compliant fund platform launched in
Four Luxembourg-based companies have launched a Shariah-compliant platform offering custody and administration services for the “increasing number” of Islamic investment funds being domiciled in the country.
resolution in discussions on possible sale
Resolution Ltd has confirmed that its Friends Life subsidiary is “in discussions on the possible sale of its 30% stake in AmLife Insurance Berhad and AmFamily Takaful Berhad” back to its partner in the joint venture arrangement, Kuala Lumpur-based AmBank Group.