Islamic finance education to get a boost
Global market for Islamic financial services is expected to reach $3trn this year
Islamic Finance
-
-
China AMC to co-launch shariah China fund
This launch comes after Malaysian investors have poured money into China-focused equity funds
-
Vanguard and Sharia added to Momentum range
Advisers and client will be able to choose passive, ethical and Sharia investments and include Vanguard funds in their Sipp after Momentum Pensions expanded its offering.
-
Saudi asset manager combines Shariah and ethical strategies
Sedco Capital, one of the largest asset managers in Saudi Arabia, has launched an investment strategy that integrates the firm’s Shariah-compliant investment approach with ethical investing.
-
Agnostic investors embracing Shariah products
Agnostic and ethically-minded investors are increasingly turning to Shariah compliant products with asset managers happy to meet demand, says Jad Shams, head of Mena for Mirae Asset.
-
Mirae launches first-sharia compliant fund
Mirae Asset Global Investments has launched a sharia-compliant version of its flagship Mirae Asia Sector Leader Equity fund.
-
Kuwait rejects a separate insurance regulator
Kuwait’s Ministry of Commerce and Industry has rejected a proposal to establish a separate body to oversee the insurance industry, despite wide-sweeping reforms to sector’s capital adequacy requirements.
-
Kenya targets Islamic sukuk in financial services push
Kenya has unveiled a new body dedicated to promoting its fledgling Islamic finance industry, as part of a wider strategy to position itself as an International Finance Centre (IFC).
-
Islamic insurer growth limited by overcrowded market
Islamic insurance company earnings in Gulf Cooperation Council (GCC) states are relatively weak and unevenly distributed, hampered by an overcrowded market and a focus on low-margin retail products, according to S&P Global Ratings.
-
Malaysian insurers to target Europe in Islamic finance push
Malaysia’s Islamic insurers are considering a move into Europe by targeting the continent’s growing Muslim population, an expert in Islamic finance has said.
-
Channel Islands sets its sights on Islamic finance
The Channel Islands Securities Exchange (CISE) is planning to introduce Islamic finance guidance notes to accompany all its listing rules, in a bid to capitalise on the renewed interest in Islamic finance.
-
Malaysian finance centre grows Asia Pacific footprint
The Labuan International Business and Financial Centre (IBFC) approved 16 new insurance and insurance-related licences in 2015 as it expanded its footprint in Asia Pacific.