Tuesday, May 25, 2010

Opalesque Islamic Finance Briefing 25. May 2010

                                Opalesque Islamic Finance Briefing 25. May 2010

To view an online version of this newsletter,

Please click: http://www.opalesque.com/IFB7818/Newsletter_05252010.html (recommended!)

View the Opalesque archive: http://www.opalesque.com/IslamicFinance_Briefing/?page_id=2 (recommended!)

News

- DBS makes partial retreat from Islamic banking
- Islamic funds fail to build scale: E&Y
- Islamic funds stagnate at $52.3bln in 2009: report
- Optimism rises in the GCC for Islamic bonds
- Islamic finance in desperate need of high-quality scholars
- Diverse products and adequate regulation needed to revitalise growth for Islamic investments
- Malaysia launches five-year Islamic overseas bonds
- Kenya sees potential of Islamic banking
- AUB steps into Islamic banking
- Sharjah Islamic Bank and MasterCard ink strategic collaboration
- BBK eyes better market conditions for bond
- Bangladesh: Govt's role for assisting growth of Islamic finance lauded
- Islamic finance set to be a $ 2 trillion industry globally within five years
- New insights based on findings from the recently launched Ernst & Young Islamic funds and investments report (IFIR) 2010 to be discussed at the WIBC
- Bahrain sovereign debt reaches $2.23bln, may issue Sukuk
- On the road to recovery - Bahrain learning lessons

Featured Services

- Battle of the Quants - LONDON -  From High Frequency/Low Latency to Machine vs. Human Intellingence; Quant Networking, Discussions and presentations,  9th June
- MFA's Forum 2010, Chicago, June 8-9, 2010
- JetFin AGRO 2010, June 10, Geneva. Receive a 10% Discount as Opalesque user
- Administrative Options / Contact
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DBS makes partial retreat from Islamic banking

From Reuters: DBS Group, Southeast Asia's largest lender, is shrinking its
Singapore-based Islamic unit in yet another sign that the city-state's
efforts to promote sharia banking is struggling. (more...)


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Islamic funds fail to build scale: E&Y

From  Business24-7.ae:  Most Islamic fund managers are struggling to build
scale amid a decline in average fees which have dropped by almost 25 per
cent over the past few years, according to a study by Ernst & Young.
(more...)


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Islamic funds stagnate at $52.3bln in 2009: report

From  Gulf-times.com:  Global Islamic fund assets stagnated at $52.3bn in
2009, remaining at almost the same level as the $51.4bn posted in 2008,
said Ernst & Young in its fourth annual ‘Islamic Funds and Investment
Report’. (more...)


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Optimism rises in the GCC for Islamic bonds

From  Africasia.com:  Analysts are predicting a sharp rise in the market
for Islamic bonds. The Gulf states are already attracting substantial
inflows of international capital and predictions are that the market for
Islamic finance could eventually reach $5 trillion. (more...)


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Islamic finance in desperate need of high-quality scholars

From  Gulfnews.com:  The Islamic Finance market is in desperate need of
high-quality scholars who will help to grow the industry, Islamic banking
industry specialists said yesterday at the Menasa Forum in Dubai.
Conventional banking has strict regulations, and Islamic banking has its
Sharia scholars. (more...)


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Diverse products and adequate regulation needed to revitalise growth for
Islamic investments

From  Cpifinancial.net:  Bursa Malaysia feels that there is a strong need
for diverse products that match different investors' appetites, supported
by an adequate amount of regulatory oversight championing public interest,
in order to create a more appealing Islamic investment landscape. (more...)


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Malaysia launches five-year Islamic overseas bonds

From  Cbonds.info:  Malaysia may sell more than $600 million of five-year
Islamic bonds, the country's first overseas debt offering in almost eight
years, according to Barclays Capital as the prime minister officially
launched the sale. (more...)


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Kenya sees potential of Islamic banking

From  Thenational.ae:  Kenya is considering allowing Islamic financial
products as the east African country tries to tap into funding from the
Middle East. (more...)


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AUB steps into Islamic banking

From  Arabtimesonline.com:  Hamad Abdul Mohsen Al Marzooq, Chairman and
Managing Director of Ahli United Bank (AUB), said that the conversion phase
into a bank operating in accordance with Islamic Shari’ah provisions
required the cooperation with a group of partners who could meet the needs
of the Bank and its customers, and complete the conversion process within
the time frame set out the Central Bank of Kuwait and according to its
instructions related to the Islamic banks business. (more...)


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Sharjah Islamic Bank and MasterCard ink strategic collaboration

From  Ameinfo.com:  Sharjah Islamic Bank (SIB) has signed a strategic
agreement with MasterCard Worldwide to issue MasterCard debit and credit
cards.  (more...)


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BBK eyes better market conditions for bond

From  Tradearabia.com:  Bahrain-based BBK will issue a bond "any time the
market permits", the bank's chief executive said on Monday, having held
investor meetings last week. (more...)


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Bangladesh: Govt's role for assisting growth of Islamic finance lauded

From  Thefinancialexpress-bd.com:  Influential financial institutions of
the world including IDB thanked the government, especially the central
bank, for assisting the growth of the Islamic financial services industry
(IFSI) in the country through creation of requisite conducive environment.
(more...)


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Islamic finance set to be a $ 2 trillion industry globally within five
years

From  Globalarabnetwork.com:  Islamic Finance is all set to be a $ 2
trillion industry in the next half a decade according to Rushdi Siddiqui,
Global Head of Islamic Finance, Thomson Reuters. (more...)


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New insights based on findings from the recently launched Ernst & Young
Islamic funds and investments report (IFIR) 2010 to be discussed at the
WIBC

The Ernst & Young Islamic Funds and Investments Report (IFIR) 2010, which
was launched today at the 6th Annual WIFCMC in Bahrain, will also be a key
topic of discussion by the delegates attending the inaugural Annual World
Islamic Banking Conference: Asia Summit (WIBC Asia 2010). (more...)


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Bahrain sovereign debt reaches $2.23bln, may issue Sukuk

From Zawya Dow Jones: Bahrain's sovereign debt stands at $2.23 billion, the
highest in the country's history, representing 17.2% of gross domestic
product, Manama-based Al Wasat daily reports Monday, citing public data.
(more...)


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On the road to recovery - Bahrain learning lessons

From  Globalarabnetwork.com:  While Bahrain's economy is well along the
road to recovery, rebounding after last year's slowdown, there are growing
concerns that this journey may be affected by the rising debt crisis in
Europe, with a possible impact on the Kingdom's Islamic financial sector.
(more...)


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Battle of the Quants - LONDON -  From High Frequency/Low Latency to Machine
vs. Human Intellingence; Quant Networking, Discussions and presentations,
9th June


The Battle of the Quants - LONDON returns for the 3rd year. A new
innovative lineup promises to deliver the most cutting edge Quantitative
Hedge Fund Event in the world. Featuring the financial world's most
exciting quantitative managers, investors and technology providers, the
full day event will examine how quantitative finance is increasingly
finding its way into all corners of the financial world. Fascinating panel
discussions include High Frequency Trading, UCITS and Quants, Quant
investors’ allocation priorities, latest quantitative innovations, and of
course the “Battle” between Discretionary VS. Quantitative trading.

"Thanks for this! I really enjoyed New York and found the cap intro
event and the conference very useful.I really like to say that I think that
you organize an excellent event which is fun as well…your personal touch
makes the difference"
Frank Holle, President, Quant Asset Management

"I wanted to thank you and your team for your hospitality and the
content at the "Battle".  We certainly enjoyed the event and
found it very informative from both a practitioners point of view but also
from a networking standpoint"
John Donahue, Phase Capital

"Just wanted to thank you again for the opportunity to participate in
your excellent event last week!  It was a top-notch event. 
I hope to participate in future events that you organize.  Thanks!”
Ranjan Bhaduri, PhD CFA CAIA MMath MBA, AlphaMetrix Alternative Investment
Advisors

May Fair Hotel, Mayfair, London
9:30am Registration
For additional information please contact, Bartt C. Kellermann,
bartt@battleofthequants.com or 212.202.3228 www.battleofthequants.com

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MFA's Forum 2010, Chicago, June 8-9, 2010

Forum 2010, June 8-9, 2010, The Drake Hotel, Chicago, is MFA's premier
managed futures and global macro investment strategies conference and
exposition for professionals in managed futures, hedge funds, funds of
funds and their service providers and investors. Produced by MFA, Forum
2010 will feature an extensive educational program, special networking
opportunities, and an informative exhibition of products and services of
interest to industry professionals. Forum 2010 will introduce MFA's popular
business meeting lounges - where delegates can hold meetings with clients
and prospects onsite in the comfort of The Drake Hotel. Refreshments will
be available. Your full conference registration includes entrance to the
keynote speakers, general sessions, the exhibit hall, breaks, continental
breakfasts, luncheons and evening reception.

Register by Monday, May 17, to receive a $250 discount. MFA members pay
just $1,500. Registrations from May 18 to June 1 are $1,750 for MFA
members. To make a hotel reservation, you first must register online for
Forum 2010.


For up-to-date conference information, to register and to discuss
supporting Forum 2010, visit the conference eBrochure, or contact Stacy
Hudson at 202.367.1140 or stacy@managedfunds.org.

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JetFin AGRO 2010, June 10, Geneva. Receive a 10% Discount as Opalesque user

Agriculture is the bright light of today’s investment universe. The rapid
rise in global demand for food is providing new opportunities for
investors.


JetFin AGRO 2010 CONFERENCE is the only event for investors, which
exclusively gathers top agricultural fund managers delivering strong
returns in challenging markets.


Special focus: Region specific investment opportunities.


JetFin AGRO 2010 CONFERENCE is the ultimate meeting point for investors in
search of sustainable and noncorrelated returns when investing in
agriculture. Leading successful agriculture investment managers present and
explain their investment strategies. Institutional investors and wealth
managers compare winning solutions, enabling them to take the right
investment decisions in key markets such as farming, soft commodities or
timber. Don’t miss the unique opportunity to participate to the


JetFin AGRO 2010 CONFERENCE Confirmed speakers :


- Peter-Erik Ywema,  General Manager, Sustainable Agriculture Initiative,
Belgium

- Nicolas Landolt,  Director, Sandoz Family Office,  CH / Brazil

- Giulio Franzinetti,  Managing Director, ASDF BV,  Netherlands

- John Coast Sullenger,  Fund Manager, GAIA Capital,  CH

- Olivier Baumgartner-Bezelgues,  Advisor, Altarius Asset Management,  CH

- Olivier Pairault,  Agriculture Portfolio Manager, BlueGold Capital
Management, UK / CH

- Paul Marland,  Partner, LCI (Luxembourg) SA,  Luxembourg

- Douglas King, Founder, Aisling Analytics,  CH / Singapore

- Mari Kooi,  CEO, Wolf International,  USA

- Shawn Johansen, Director, Sustainable Equity Partners,  USA

- Michel Tamisier,  Managing Partner, Elite Advisers,  Luxembourg

- Michael Whitehead,  Director., Macquarie Agricultural Funds Mgmt.,
Australia

- Detlef Schoen,  Founder, Aquila Capital Group,  Germany

- Pedro Herrera,  Senior Vice President, HSBC Securities,  USA

- Olivier Combastet, Partner, Pergam Finance,  France / Uruguay

- Gonzalo Fernandez Castro,  Founder, Lumix Capital,  CH / Argentina

- Jan Pensaert, Founder, Valiance Asset Management,  UK / Brazil

- Stephen Kenney,  Vice President, Hancock Agricultural Investment Group,
USA

- Anton Khmelnitski,  Founder, Elbrus Capital Investments,  Ukraine

- Ulo Adamson,  Partner, Trigon Capital,  Denmark

- Charles Vilgrain,  CEO, AgroGeneration, France / Ukraine

- Neil Crowder,  Co-Founding Partner, Chayton Capital,  UK

- Craig Tashjian,  Principal, Amerra Capital Management LLC,  USA

- Richard Davis, Fund Manager, BlackRock Investment Management, UK

More information & Registration:
http://www.jetfin.com/agro2010/eventinfo_en.php or contact Sophie Lavaud,
JetFin : 0041 22 839 8080.


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Posted via email from IBFN (Islamic Banking & Finance Network) at Posterous

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