Home Page - Gulf in the Media
HomePoliticsEconomy                               Set Gulfinthemedia.com as home page
Economy
 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.
 
Iran capable to swap 500,000 bpd oil with Caspian Sea states
Source : Tehran Times  
Date : 2017-08-19
Iran has the capacity to swap 500,000 barrels per day (bpd) of oil with the Caspian Sea littoral states, IRNA reported on Friday quoting Seyed Hamid Hosseini, the director for...
Top brands line up innovative lighting solutions
Source : Gulf Today  
Date : 2017-08-19
Light Middle East 2017 is expected to feature record turnout even as international interest surges in the region's premier architectural lighting design and technology showcase....
Ajman launches ISIC4 to boost business activity
Source : TradeArabia  
Date : 2017-08-19
The Department of Economic Development - Ajman (DED-Ajman) has launched its ISIC4 system, to enhance electronic communication with other local and federal agencies, to streamline government procedures....
Dubai marine transit passengers top 6.6m in H1
Source : TradeArabia  
Date : 2017-08-19
All types of marine transit modes in Dubai, UAE clocked 6.63 million passengers during the first half of 2017, with Abras accounting for the largest share of commuters, amounting to...
Qatar Development Bank, Kahramaa ink MoU to support local firms
Source : The Peninsula  
Date : 2017-08-18
Ahead of the third and upcoming edition of the widely appreciated “Buy Local Products” exhibition, Qatar Development Bank (QDB) and Kahramaa (Qatar General Electricity and Water Corporation) yesterday signed a...
Qatar Investment Authority to announce new investments soon
Source : The Peninsula  
Date : 2017-08-18
The Qatar Investment Authority (QIA) has made it clear that it has no plans to liquidate its assets around the world and added the QIA will soon announce major new...
Gemini payment plan to boost UAE realty market
Source : Gulf Today  
Date : 2017-08-18
The UAE property market is on solid growth track and is marching ahead despite the global trends....
Hotel's new model in Al Ain puts innovation at forefront
Source : Gulf Today  
Date : 2017-08-18
With technology constantly evolving, the hotel experience has not been fast to transform to the needs of the tech-savvy generation....
Swedish retailer's technology redefines the living room
Source : Gulf Today  
Date : 2017-08-18
Urbanisation and technology have reformed everyday lives and homes of people across the globe, creating a huge opportunity to redefine the living room....
DMCC signs agreement with InternsME
Source : Gulf Today  
Date : 2017-08-18
DMCC (Dubai Multi Commodities Centre), the authority on trade, enterprise and commodities in Dubai and the world's leading freezone, signed a partnership agreement with InternsME, UAE's internship portal job site...
Smart Dubai to strengthen customer experience
Source : Gulf Today  
Date : 2017-08-18
Smart Dubai is organising a trip for Happiness Champions from various government entities in Dubai to attend a training course on the 'Quality of Service' at the Disney Institute in...
DED-Ajman's digital transformation to create attractive investment environment
Source : Gulf Today  
Date : 2017-08-18
The Department of Economic Development - Ajman (DED-Ajman) revealed the successful completion of its Unified Automation Platform initiative, resulting in automation of its administrative and customer services....
Average inflation rate in Oman for 2017 forecast at 4.1%
Source : Times of Oman  
Date : 2017-08-18
Average inflation rate in Oman is expected at 4.1 per cent this year, up from 1.1 per cent in 2016....
Qatar reserves help fend off raw materials shortage
Source : The Peninsula  
Date : 2017-08-18
Qatar's strategic reserves and planning have enabled ongoing infrastructure development and real estate projects tide over interruption in supply of some construction materials from UAE and Saudi Arabia....
Qatar stocks gain as major Gulf bourses end week on firm footing
Source : Gulf Times  
Date : 2017-08-18
Most major stock markets in the Gulf rose yesterday with Qatar's index adding 0.9% to 9,106 points, while shares of one of Egypt's property developers dropped as its quarterly earnings...
New power distribution station opens at Bahrain airport
Source : TradeArabia  
Date : 2017-08-18
A new 220 kV power distribution station at Bahrain International Airport was inaugurated yesterday (August 16) by Electricity and Water Affairs Minister Dr Abdulhussain Mirza....
Dewa wins top awards costumer focus, innovation
Source : TradeArabia  
Date : 2017-08-18
Dubai Electricity and Water Authority (Dewa) has won the Best Innovation and Best Customer Focus awards at the UK's Best Business Awards 2017....
Duqm Refinery inks PMC contract with Amec Foster
Source : TradeArabia  
Date : 2017-08-18
Oman's Duqm Refinery has officially signed the recent agreement to appoint Amec Foster Wheeler (AFW) engineering consultancy as the project management contractor (PMC) for the refinery's engineering, procurement and construction...
Shell completes sale of Sadaf stake to Sabic
Source : TradeArabia  
Date : 2017-08-18
Royal Dutch Shell has completed the sale of its 50 per cent share in Sadaf, a petrochemicals joint venture located in Al Jubail, Saudi Arabia, to Saudi Basic Industries Corp...
Oil drives Saudi Arabia's fiscal deficit lower in H1
Source : TradeArabia  
Date : 2017-08-18
Saudi Arabia's budget deficit, which fell to SR72 billion ($19 billion) in the first six months of the year, half of the first-half 2016 deficit, reflects a sharp increase in...
Total 600 Results in 30 Pages
1 
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.net
Sun Aug 20, 2017| 27-ذو القعدة-1438هـ
Syria expands anti-Daesh operations
Riyadh celebrates first Saudi Women's Day
UAE summons Iran's diplomat
Trump turns up the heat on Iran, but no clear game plan yet
Qatar tops world in BMI index for investment attractiveness
Qaeda kills Yemen police, targeted in US raid
Iran targets $8.6bn of refinery deals with Asia firms
UN chief: Syria dialogue must focus on transition for success
US President Trump strongly supports Iraq - envoy
DGCX traded 1.37m contracts valued at $33b in January
Iran rejects 'baseless' warning from US on missile test
GCC consumers spend $9.3 billion on beauty, personal care products
HM King hails parliament's role
Saudi sentenced 7 years in prison for entering Syria, joining Al-Nusra
AD CP, Emir of Qatar discuss ties

Araa Mobile App

 ios

silver-apple-logo

android

small-Android_logo

 
  Op-Ed
More>>  
    Reports
NBK Report on oil markets
GCC Banking Sector Quarterly - 2Q16
More>>  
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    GRC Analysis
World Environment Day: Time to Reconnect with Nature in GCC
UAE'S NON-OIL TRADE HITS DHS1.2 TRILLION
The Benefits of NATO-GCC Strategic Ties
    GRC Commentary
The Trump Visit to Saudi Arabia: Time for a Course Correction
Environmental Education Must for GCC Countries
Climate COP 22 in Marrakech Important for the Region
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
Skillfull Survivals
The GCC and the Global Oil Market in 2016
GCC and Regional Issues
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
Go
GRC Publication
      
Privacy Policy | Contact Us | Terms & Conditions | About Us |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:1  |   24-- 25 Middle Page :0  --   | Right : 24 - 24--en--sess-enreq-en-coming