FAST FINANCE Thank you to everyone who joined us in Bahrain last week for the World Islamic Banking Conference. We were very pleased with the level of discourse that the event generated and have taken note of the feedback we received at the event itself as well as through our Twitter. ...
December 7, 2015Blake Goud
Hong Kong benefits from RMB internationalization & could facilitate China-related capital market development including sukuk
FAST FINANCE China announced that it would provide $10 billion in infrastructure loans to Southeast Asian countries and $560 million in loan to low-income ASEAN nations. In doing so, it paves the way for the Asian Infrastructure Investment Bank which is expected to launch ...
November 23, 2015Blake Goud
Time for the IMF to help strengthen Islamic Banking data There an absence of internationally comparable data in Islamic finance which hinders the ability of stakeholders—those within the industry, those responsible for regulating it and most importantly customers and their advocates—to get an accurate picture of the stability of Islamic financial ...
November 16, 2015Blake Goud
FAST FINANCE Strong employment gains in the US during October and testimony given by Janet Yellen in front of Congress this week are raising expectations that the Federal Reserve will raise rates at its December meeting. The rise in US rates, if it occurs as expected, could boost efforts ...
November 9, 2015Blake Goud
FAST FINANCE Global monetary policy continues to be a driving force in global equity markets as well as for commodity prices that are important for emerging markets across the MENASEA region. Since last week’s issue where we mentioned an increasing likelihood that the European Central Bank would add more stimulus ...
November 2, 2015Blake Goud
FAST FINANCE Mario Draghi is set to act again to fight growing deflationary threats in the Eurozone and the ECB has set its December meeting as the place where it will decide whether to increase its current 60 billion euro asset purchase program. Draghi has not ...
October 26, 2015Blake Goud
Nobel Laureate in Economics, Angus Deaton: “Economic growth is the engine of the escape from poverty and material deprivation.”
FAST FINANCE China's GDP reports are of critical importance for emerging markets throughout the MENASEA region, but particularly those in Southeast Asia that depend on Chinese growth to support their own economies. The 6.9% growth rate for the September quarter in China (beating estimates) could indicate some stabilization for emerging markets ...
October 18, 2015Blake Goud
FAST FINANCE Uncertainty about Malaysia’s troubled quasi-sovereign fund 1Malaysia Development Berhad (1MDB) rose during the week as the Attorney General, who replaced a predecessor who was removed in July, declined to push forward with charges against anyone involved in the fund. The central bank, meanwhile, decided that unspecified investments abroad by ...
October 11, 2015Blake Goud
The 28 September issue of Finance Forward did not identify that Michael Bennett, Head of Derivatives and Structured Finance for the World Bank contributed the first article on the IFFIm sukuk. We regret the omission. FAST FINANCE The continuing emissions scandal at Volkswagon continues and VW faces the expensive task ...
October 4, 2015Blake Goud
FAST FINANCE Last week, volatility rose again when on Friday, US Federal Reserve chairwoman Janet Yellen reiterated that rates would likely rise before the end of 2015 despite its earlier delay on emerging market growth concerns. While developed markets are seeing some slowing growth as a result of Chinese economic worries ...
September 28, 2015Blake Goud