Home Page - Gulf in the Media
HomePoliticsEconomy                               Set Gulfinthemedia.com as home page
 Print  Send This Page
Save Listen to this Article
Islamic financial market fast expanding   

The Peninsula - 22 February, 2012

Despite a challenging market environment, Islamic finance made progress in 2011, supported by vigorous underlying trends. The industry saw growth in terms of volume, geographic reach and quality increase due to strong demographic growth and rise in the size of Islamic financial market, Bank Sarasin’s 2012 Islamic Wealth Management Report said.

In 2011, the sukuk market recovered from its 2008 shock, when many investors withdrew funds to invest in the developed world. A huge rise in yields rewarded the investor who was loyal to this market. The major achievement was that Muslim investors now have halal alternatives to conventional bonds. About $ 80bn of new sukuk issuance in 2011 marked substantial progress, resulting in a global sukuk market of $ 180bn, the Bank’s third report on the Wealth Management released here yesterday said.

With a positive 2012 outlook, the document said investors will have more opportunities than ever before. Depending on the global economy, the sukuk market is forecast to grow by 10 percent or more. This forecast is supported by sovereign issuers such as Indonesia, Saudi Arabia and even South Africa announcing that they are coming to the market.

“Although events in Europe are creating a challenging environment, the robust sukuk market bought issues to the table. In November alone, the volume was about $ 4bn; quite an achievement for a niche market. Market sentiment changed in December due to the large number of issuers in November and rumours that Dubai government related entities might reschedule their debts”.

The report claimed converting a business to Islamic business can increase the value of a company by 18-25 percent due to the scarcity of genuine Islamic investments. It’s market potential is massive, with global Muslim population expected to increase by 26 percent to 2030, to 2.2 billion, rivaling China and India in terms of market size. Muslims currently have a 7.7 percent share of global GDP which is expected to grow to 8.7 percent by end of 2016.

The Islamic financial market segments in India and China alone are larger than some countries’ populations, estimated at 140 million and 40 million respectively. Demographics are also compelling, with 43 percent of Muslims under the age of 25. In terms of services, the assets of Islamic banks and financial institutions worldwide are predicted to reach $ 1 trillion next year and $ 1.8 trillion by 2016.

On the Islamic equities’ performance in 2011, the report said while most Islamic indexes fell in 2011 many outperformed conventional indexes because of Islamic criteria screens out most financial stocks. For instance, the Dow Jones Islamic Market Pakistan Index, while down 1.06 percent, beat the conventional Dow Jones Pakistan Index by more than 16 percent. The report said options are limited by Sharia considerations, with futures not allowed and Muslim investors continuing to disdain hedge funds despite approval by many scholars.
MPs demail oil debate
Source : Kuwait Times  
Date : 2014-11-26
Ten lawmakers yesterday submitted a request to hold a special session to debate the impact of the decline in oil prices on the country’s finances and review the government’s policies...
Kurdistan oil producers may merge: Genel chief
Source : Gulf Times  
Date : 2014-11-26
The number of oil producers in Kurdistan will slump by three-quarters in five years with the biggest in the industry taking control in the region, according to Genel Energy Chief...
QJet tests refuelling of Qatar Airways superjumbo A380
Source : Gulf Times  
Date : 2014-11-26
QJet has tested the refuelling operation of the Qatar Airways superjumbo A380 from “more than one location” at Hamad International Airport through “different types of trucks”....
Index of 'jobs on demand' a necessity, claim experts
Source : Saudi Gazette  
Date : 2014-11-26
A number of businessmen have called on authorities to create an index of available jobs to help direct college students to the right specializations, Al-Riyadh daily reported....
Bapco seals jet fuel deal
Source : Gulf Daily News  
Date : 2014-11-26
Bapco has sealed its 2015 gasoil and jet fuel term deals at lower premiums than the current year, industry sources said yesterday....
Saudia 'unable to cope with the modern market'
Source : Saudi Gazette  
Date : 2014-11-26
The Shoura Council’s transport committee has recommended Saudi Arabian Airlines hire co-pilots who have the required training and retired military pilots specialized in aviation to lead internal flights, Al-Eqtisadiah reported....
Iran won't postpone conference to unveil new petroleum contract: official
Source : Tehran Times  
Date : 2014-11-26
Iran will not postpone the conference to unveil its new model of petroleum contract, which is scheduled to be held on February 23-25, 2015 in London, according to an Iranian...
'Iran's national budget bill will take sanctions into account'
Source : Tehran Times  
Date : 2014-11-26
Iranian Finance and Economic Affairs Minister Ali Tayyebnia has announced that the effects of sanctions will be taken into account in the preparation of the national budget bill for the...
GCC reinsurance premiums grow strong on Qatar, Saudi projects
Source : Gulf Times  
Date : 2014-11-26
The reinsurance premiums in the Gulf Co-operation Council (GCC) have been growing “substantially” mainly due to major infrastructure projects in Qatar and Saudi Arabia and Islamic insurance, a start-up few...
QNB holds wealth management forum
Source : Gulf Times  
Date : 2014-11-26
QNB yesterday hosted a forum with a panel discussion on “Investing in Qatar and beyond” at the Ritz-Carlton Doha....
Muntajat, other firms showcase Qatar lead at GPCA forum in Dubai
Source : Gulf Times  
Date : 2014-11-26
Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) along with Qatar’s leading producers represented the country’s chemical and petrochemical industry at the GPCA Annual Forum 2014 held in Dubai...
Barwa Bank appointed JLM, book runner for IFFIm sukuk
Source : Gulf Times  
Date : 2014-11-26
Barwa Bank has been appointed as joint lead manager (JLM) and book runner for a benchmark medium term sukuk issue of the International Finance Facility for Immunisation Company (IFFIm), which...
Saudi ports keen to promote local talent
Source : Arab News  
Date : 2014-11-26
Transport Minister Jabara Al-Seraisry inaugurated the first Saudi maritime forum as well as an exhibition in Dammam on Tuesday....
UAE expects five firms on secondary market
Source : The Peninsula  
Date : 2014-11-26
Three more private companies are expected to list shares on the UAE stock exchanges’ secondary market by mid-2015, the head of the stock market regulator said after the first two...
Saudi, Russia pre-Opec talks yield no oil cut
Source : The Peninsula  
Date : 2014-11-26
Talks between Saudi Arabia, fellow Opec member Venezuela and oil powers Russia and Mexico failed to find an agreement to address a growing oil glut yesterday, with no side saying...
Noor Bank eyes Turkish growth
Source : The Peninsula  
Date : 2014-11-26
Dubai-based Noor Bank is looking to Turkey and other international markets to escape tougher competition at home and take advantage of a booming global Shariah-compliant finance industry, its chief executive...
GCC markets can exceed US in growth: Experts
Source : The Peninsula  
Date : 2014-11-26
GCC markets have the potential to “rotate” ahead of current market leaders like the US and exceed their growth rates, top financial experts noted while attending various sessions at the...
QNB organises forum on wealth management
Source : The Peninsula  
Date : 2014-11-26
Qatar National Bank (QNB), the leading fund manager in the country and one of the leading asset managers in the region, yesterday hosted a special wealth management solutions forum here...
Dolphin Energy hails HSE contractors
Source : The Peninsula  
Date : 2014-11-26
Dolphin Energy Ltd has awarded three contractors for their sustained commitment to improving effective communication strategies and enhancing overall standards across Health, Safety and the Environment (HSE)....
Citigroup experts discuss global economic outlook
Source : The Peninsula  
Date : 2014-11-26
Some leading economists of Citigroup yesterday held a discussion here on global macroeconomic environment, including the “Emerging Markets”, European economic outlook, asset allocation in these volatile times, cross market implications...
Total 2093 Results in 105 Pages
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.net
Wed Nov 26, 2014| 03-صفر-1436هـ
Gulf states to boost cooperation
Saudi Arabia 'strong enough to withstand lower oil prices'
Iran's supreme leader 'okays' more N-talks
Qatar's strategic approach on track toward financial stability
Syrian airstrikes kill 60 people in ISIS-held city
Breakeven oil rise may dent GCC buffers
Yemeni FM appreciates GCC supportive stance
UAE calls for updating mechanisms of Arab financial markets
Saudi-Maltese ties discussed
GCC markets can exceed US in growth: Experts
Emirati handed 3 years for 'spreading false ideas' online
Qatar infrastructure spend to hit $200b in decade
GCC states draw up new terms for domestic helps
SCTA closes tourism centers for violations
Two cops hurt by bomb in Bahrain village
Gulf Air renews deal with SITA
    Newspaper Editorials
Testing time for Afghan leadership
A welcome move
Reconciliation is welcome
Taking Saudi-US ties to new levels
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
The US Shale Revolution and the Arab Gulf States
    Bank Reports
GCC Markets Performance – May 2014
Saudi Arabia: Baseline Macroeconomic Forecast 2014-16
    GRC Analysis
Saudi Arabia and the ASEAN Periphery: Cambodia, Myanmar, and Brunei
NATO and the Future of Gulf Security.
Saudi-Vietnam Relations
    GRC Commentary
Price of not heeding Kingdom's advice
On Relations between Rulers and Citizens: The Need for a New Social/Political Contract in the GCC States
Key Issue Facing the Saudi Ruling House.
    GRC Book Review
Beyond Regionalism? Regional Cooperation, Regionalism and Regionalization in the Middle East
India, GCC and the Global Energy Regime: Exploring Interdependence and Outlook for Collaboration.
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
Regional Security in the Framework of ASEAN: Potential Lessons for the GCC
GCC-Asia Ties and Collective Security
Perpetuating the Rentier State: Patrimonialism in a Globalized World
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
Privacy Policy | Contact Us | Terms & Conditions | About Us |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:0  |   36-- 36 Middle Page :0  --   | Right : 36 - 36--en--sess-enreq-en-coming