FAST FINANCE Emerging markets are selling off in historic ways as a basket of emerging market currencies hits lows not seen since before the commodities supercycle began at the start of the millennium. Besides emerging market currency values, also sliding are foreign exchange reserves held by emerging markets, commodities ...
July 27, 2015Blake Goud
Arab Petroleum Investments Corporation (APICORP), which invests in the Organization of Arab Petroleum Exporting Countries (OAPEC) countries’ energy sector, recently announced a $3 billion sukuk program that could transform the balance sheet of this smaller, lesser known Saudi multilateral development bank (MDB) as well as its future investment strategy. The ...
July 22, 2015Blake Goud
FAST FINANCE Following our special report on Iran before Eid, we follow up on the impact of the Iran agreement with the P5+1 on providers of export finance to the companies that will resume trading with the Islamic Republic and a look at growth in real estate investment by Iranians in ...
July 20, 2015Blake Goud
Emad Mostaque, Strategist, Ecstrat The last few years of negotiation following the freezing of Iran from the global system in 2012, co-ordinated with several regional allies to try to prevent the inexorable shift in the regional balance of power and baking of the Shia croissant, has shown that Iran is indeed ...
July 15, 2015Blake Goud
FAST FINANCE All eyes this week were on the Eurozone as Greece teeters on the brink of Euro exit. The ripples spread across the world…and across the Mediterranean with effects on North Africa, the Levant and Turkey, as described in our first feature article. In other MENASEA news, Malaysia’s ...
July 13, 2015Blake Goud
Dubai has made great strides towards being the center for sukuk listing globally. The total number of listed sukuk on NASDAQ Dubai and Dubai Financial Market accounts for $ 31.7 billion across 42 listed sukuk. Bursa Malaysia--which had previously been the most active—has the same number of listed sukuk ...
July 9, 2015Blake Goud
Oman’s takaful should have a good 2016 if gets the same regulatory support and clarity as Islamic banking
Oman’s new Islamic banking department established by the Central Bank is reflective of the commitment to Islamic banking. It also shows how regulation can be supportive of the growth potential for Islamic banking. While Oman’s Islamic banking has stayed in the spotlight, takaful is on the sidelines waiting for ...
July 6, 2015Blake Goud
The recent election in Turkey could sow the seeds of future growth for private participation banks despite being widely seen as a headwind to the sector as Justice and Development Party (AKP) experienced a defeat in being pushed either into a coalition government for the first time, or call for ...
July 1, 2015Blake Goud
The current state of the green bond market. The moral and ethical imperative driving issuer and investor interest What’s in it for the issuers and investors? SRI sukuk in Malaysia: Will the GCC adopt or chart its own path The values of Islamic finance are deep rooted upon the ethical, environmental and socially responsible ...
June 24, 2015Momna Saeed
The shift in sukuk markets in 2015 to date compared to last year is not a cause for alarm, despite the huge amount of attention that it has garnered. The drop, it is true, has been notable particularly in Malaysia which is the largest source of issuance (about two-thirds of ...
June 23, 2015Blake Goud