Islamic Banking and Finance Network: October 2011

Wednesday, October 5, 2011

Islamic Finance News

Featured Services

- GAIM GMA, 11-12 October, 2011, New York
- GAIM Ops International, 12-14 October, 2011, Switzerland
- Alternative Investment Strategies, Oct 30th-3rd Nov, Abu Dhabi
- 3rd Annual RegTech New York – November 10, 2011, New York
- Mexico Investors Forum, 14 November 2011, Mexico
- World Agriculture Investment Conference Asia, 15-16 Nov, Singapore
- GAIM USA 2012, Exclusive Investor Content - More One-On-One Meetings -No Exhibits - Nightly Social Events, January 22 – 25th, Boca Raton, FL
- Administrative Options / Contact
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Indonesia, Taqa, Tamweel, Qatar, Bahrain: Islamic bond alert

The following borrowers are expected to sell Islamic bonds, which use asset
returns to pay investors to comply with the religion’s ban on interest.
(more...)

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Indonesia to issue first project-based sukuk in Oct 11 auction

Indonesia's finance ministry aims to issue the country's first
project-based sukuk at an auyction on Oct. 11, with maturities of six and
21 years, sharia director Dahlan Siamat told Reuters on Tuesday. (more...)

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Barclays focus on Islamic liquidity

Barclays Capital will focus on growing its liquidity management and risk
management businesses as the Islamic bond market continues to struggle
because of global economic worries, its head of Islamic products said.
(more...)

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Grosvenor links up with Islamic bank in US real estate drive

The fund management arm of the Duke of Westminster’s property company,
Grosvenor, has formed an investment partnership with one of the world’s
leading Islamic finance banks. (more...)

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Malaysia: Islamic banks urged to boost short-term Shariah-compliant
products

Islamic banks in the country Malaysia have been urged to introduce more
short-term syariah-compliant products to attract foreign investors.
(more...)

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Maybank Islamic expects consistent contribution from asset financing

Maybank Islamic Bhd expects its contribution from asset financing to the
Maybank Group in the current financial year to be consistent with the
previous year. (more...)

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Nigeria: Church of Scotland inspired current Islamic banking -IFC

An Islamic Finance Council (IFC) Executive Board member in the United
Kingdom (UK), Omar Shaikh, has disclosed that the Church of Scotland
actually inspired the current Islamic Banking system. (more...)

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Islamic banking growing rapidly globally, says CBN

The Central Bank of Nigeria (CBN) tried to justify its push for the
introduction of Islamic banking in Nigeria, over the weekend, in Yola,
where it described the non interest banking as the fastest growing model
in the world. (more...)

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Unicorn changes name to Bank Alkhair

Unicorn Investment Bank, a Bahrain-based Islamic investment bank, changed
its name to Bank Alkhair with the launch of a new brand identity. (more...)

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New global brand identity for leading Islamic investment bank

Unicorn Investment Bank, an Islamic investment bank licensed by the Central
Bank of Bahrain, today launches its new brand identity. The Bank has now
officially changed its name to Bank Alkhair . The Bank’s subsidiaries in
Saudi Arabia, Malaysia and Turkey will now officially operate under the
names Alkhair Capital Saudi Arabia, Alkhair International Islamic Bank
Malaysia and Alkhair Capital Turkey respectively. (more...)

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No plan to form national Sharia board: Sangour

The Central Bank of Oman (CBO) is not planning to set up a national-level
Sharia board to regulate the proposed specialised Islamic banks and window
operations of commercial banks, said the executive president of the apex
bank. (more...)

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Islamic banks’ IPO early next year

The two proposed Islamic banks — Bank Nizwa and Al Izz Bank International —
are planning to float initial public offerings (IPO) in the first quarter
of next year, according to senior officials of the Capital Market Authority
(CMA) and Muscat Securities Market (MSM). (more...)

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QIB signs pact with Beema for Takaful products

Qatar Islamic Bank (QIB) has signed an agreement with Damaan Islamic
Insurance Company (Beema), a Takaful company in Qatar, to offer its
customers a suite of innovative Takaful solutions. (more...)

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Islamic finance industry 'facing challenges'

Growth of the global Islamic asset management industry will likely halt or
reverse this year as the industry struggles with poor sentiment in
financial markets and lacklustre interest among Islamic institutional
investors, said a finance expert. (more...)

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Islamic finance seen taking roots in Turkey

Turkey could emerge as a key market for Islamic finance while Asia
continues to drive the industry’s growth but markets are still assessing
the full impact of the global downturn on the sector, Maybank Islamic said
on Tuesday. (more...)

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Qatar: Boosting Islamic finance

The first sale of an Islamic finance portfolio since Qatar’s decision to
ban conventional lenders from conducting sharia-compliant banking
operations is a harbinger of what’s to come as the Islamic finance sector
begins to benefit from the ruling. The domestic segment, however, may have
to contend with greater competition from foreign Islamic banks keen to
enter the lucrative market. (more...)

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Islamic finance practioners should explore JV in private equity asset
management

Islamic finance practitioners should explore joint ventures and synergistic
collaboration with established global brands in private equity and asset
management industries, says Second Finance Minister Datuk Seri Ahmad Husni
Hanadzlah. (more...)

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Local Islamic finance industry needs new game-changing products, says Ahmad
Husni

The local Islamic finance industry needs new and significant game-changing
products, says Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah.
(more...)

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Nigeria: Islamic finances, best way in fighting poverty -Don

There are much more products in Islamic Finance that can be explored to
improve the well-being of our people and fight poverty in our communities,
a Professor of Accounting, Kabiru Isa Dandago has said. (more...)

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GAIM GMA, 11-12 October, 2011, New York

Event Location: Sentry Centers, 730 3rd Avenue, New York, NY

Organizing Firm: Institute for International Research

Registration Details: Call 1.888.670.8200, email register@iirusa.com or
visit www.gaimgma.com

At GAIM GMA top hedge funds and institutional investors will engage with
leading economists, strategists and central bankers to debate the critical
issues driving global markets and the investment strategies to navigate the
year ahead. Moreover, GAIM GMA is structured to promote business
development so attendees can form powerful connections while accessing
current market and industry information. The outstanding speaker lineup
includes:

TOP POLICY MAKERS, ECONOMISTS, STRATEGISTS & CENTRAL BANKERS

Adam Posen, Monetary Policy Committee Member, BANK OF ENGLAND

Willem H. Buiter, Chief Economist, CITI

Robert C. Doll, Chief Equity Strategist for Fundamental Equities,
BLACKROCK, INC

Peter Orszag, Vice Chairman of Global Banking, CITI, Formerly Director of
the Office of Management and Budget

LEADING INSTITUTIONAL INVESTORS

Edwin D. Cass, Vice-President and Head of Global Capital Markets, CANADIAN
PENSION PLAN INVESTMENT BOARD

Chris Limbach, Head of Quantitative Strategies, PGGM INVESTMENTS

Maxime Tessier, Vice-President, Tactical Portfolio and Currencies, Overlay
Strategies, CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

Michael Wissell, Senior Vice-President, Tactical Asset Allocation, ONTARIO
TEACHERS’ PENSION PLAN BOARD

Nicholas De Monico, Chief Executive Officer, Marketable Alternative
Strategies, COMMONFUND ASSET MANAGEMENT COMPANY, INC.

LEGENDARY HEDGE FUNDS

Dr. Burton G. Malkiel, Co-founder, and the Chief Investment Officer,
BAOCHUAN CAPITAL MANAGEMENT (BaoCap)
Chemical Bank Chairman’s Professor of Economics at PRINCETON UNIVERSITY

James S. Chanos, President & Founder, KYNIKOS ASSOCIATES

Hari Hariharan, Chairman & CEO, NWI MANAGEMENT LP

John Taylor, Chairman, CEO & Founder, FX CONCEPTS

A limited number of tickets and sponsorships are available on a first come
first served basis at www.gaimgma.com

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GAIM Ops International, 12-14 October, 2011, Switzerland

GAIM Ops International is part of the flagship ‘GAIM Ops’ series of events
focused on hedge fund due diligence, operations, compliance, and risk
management, attracting 250+ senior delegates. Covering all aspects of your
day to day responsibilities, GAIM Ops International provides you with an
unparalleled opportunity to get up to speed in an increasingly complex
regulatory environment.

With the hedge fund industry in a state of flux due to new regulations,
industry consolidation, difficulty in attracting new capital and increasing
investor demands, the 3rd Annual GAIM Ops International will address these
critical issues and provide you with opportunities to discuss how due
diligence and compliance processes may alter as a result moving forward.

Why GAIM Ops International is the ‘Must Attend’ Operational Due Diligence
Event of 2011…

- Our Senior Level Speaker Faculty ensures you’re getting actionable,
relevant and up to date information to keep your business in compliance.
Click here to view the complete line-up of Speakers.

- Over 5 Hours of Practical Regulatory Guidance from Leading Experts

- Peer-to-Peer Knowledge Sharing: Participate in 10+ Hours of Formal and
Informal Networking including Speed Networking, Speaker Hosted Lunches,
C-Level Only Sessions, Champagne Roundtables and a Charity Night

To receive a 10% discount to attend this conference, please mention code
XU2288OPAL when registering. To register, please call +44 (0) 20.7017.7200
or visit www.gaimopsinternational.com.

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Alternative Investment Strategies, Oct 30th-3rd Nov, Abu Dhabi

There is a NEW Alternative Investments industry in the Gulf region emerging
after the tough ride experienced since the beginning of the crisis in late
2008. Investors are still very cautious with their decision as where to
invest their money, but they are definitively back in the market. There are
challenges with fund raising, issues of transparency and liquidity, new
regulations around the world which needs to be discussed and addressed by
both investors and fund managers.

AIS is an event created:

- for fund managers to launch and present their strategies and funds,

- for investors to do fund selection,

- a platform for capital introductions and

- a marketplace for service providers to present their products and
services to the industry.

Therefore, we would like invite everybody that is part of the Alternative
Investment industry and wants to support this initiative and contribute in
developing of this network to join us in Abu Dhabi for this unique
gathering.

Event URL:http://aisabudhabi.com/
Goran Gakidev – Project Manager

goran.gakidev@leoron.net
Phone: +971 (0) 4 447-5711 ext: 623

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3rd Annual RegTech New York – November 10, 2011, New York

Market Opportunities, Latest Technology & New Regulations

In this ultra-competitive environment, it is critical to keep apprised, if
not ahead, of the latest developments in technology, understand the impact
of regulations and take advantage of the market opportunities available.
Our After the Bell panel discussions incorporate the “top-of-mind” issues
for the trader – whether you’re a high frequency trader, starting a prop
shop or examining different trading strategies to take your firm to the
next level, this event provides real world examples of what’s working and
why. Held after trading hours so as not to take time away from the desk,
these events offer a unique combination of topical discussion and industry
networking as immediately following the panels is our networking reception.
Issues addressed include:

- Market volatility, the state of the economy and the impact of present and
future regulation

- Assessing the effect of new rules and regulations and their affect on
current market making and other short term strategy performances

- What does today's trader need to know to move forward successfully? Where
are current market opportunities?

- Mission critical: Connectivity, co-location and the drive for ever-lower
latency

- Start-up, Growth and Expansion: Choosing the right partners to grow with
your organization’s needs

- Current technologies being utilized in HFT trading

- Dark Pools: Preventing information leakage and protecting yourself
against being gamed

Join us to discuss these issues and others this November!

For More Information on Who’s Speaking and Attending and to Register visit
http://www.themankoffcompany.com/RegTechNewYork2011/

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Mexico Investors Forum, 14 November 2011, Mexico

The Mexico Investors Forum, organized by Latin Markets, is an international
meeting of hedge, real asset, & private equity fund managers and investors.
The Forum brings together 200+ investors, funds, and advisors to discuss
investment strategies, due diligence, asset allocation and alternative
investment opportunities in Mexico and throughout the world.

- 30+ Pensions, Foundations, Endowments, Family Offices, & Consultant
Speakers

- Attendees include Leading Institutional Investors from Brazil, Chile,
Colombia, Peru, Mexico and from the US, Europe and Asia

- Qualified Institutional Investors Register for Free

For further information please contact Daniel Para Mata at
daniel.mata@latinmarkets.org or visit www.latinmarkets.org

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World Agriculture Investment Conference Asia, 15-16 Nov, Singapore

Leading Agriculture Investment meeting brings investors and agriculture
managers face-to-face in Singapore

Europe’s leading agriculture investment meeting heads to Singapore
(November 15-16), specifically designed to facilitate personal meetings
with investors, asset managers and premium, sustainable agriculture
operators.

This is a unique opportunity to do real deals, form effective partnerships
and get an honest appraisal of agriculture as an investment vehicle.

On November 15-16, leading asset managers, investors and agriculture
professionals evaluate profitable agriculture investment strategies in a
series of presentations, group discussions and one-on-one meetings –
helping each and every investor to make an appropriate choice based on
their own risk tolerances and returns objectives.

It’s now widely accepted that agriculture is hot – so the focus here is on
selecting the appropriate strategy, identifying opportunities and how best
to structure an Ag investment. Hear from hand-picked, invite-only
professionals on:

- Practical know-how and risk / return profiles on key Ag strategies

- Profitable private equity investments in the agriculture supply chain

- Proven techniques to partner with top operators

The speaker panel includes: Duxton Asset Management, Emergent Asset
Management, Macquarie, Olympus Capital, OECD and many more.

To see the latest information and to book you place at a discounted rate
please visit: http://bit.ly/oZMJnw

For additional information or registration assistance, please contact
George Kiley by email on gkiley@aginvestconference.com, or call directly on
+44 (0)207 3757 545

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GAIM USA 2012, Exclusive Investor Content - More One-On-One Meetings -No
Exhibits - Nightly Social Events, January 22 – 25th, Boca Raton, FL

Opalesque Subscribers save 15% off Standard Rates - Mention GAIM2012OPAL

Aligned with the needs of the Institutional Investor, a fully reimagined
hedge fund event to facilitate even more one on one meetings and high
quality networking

The Key Decision-Makers of Alternatives Meet At GAIM USA 2012

Who Will I Meet?
Prepare To Meet the Firms Who Are Ready To Do Business in Q1 2012

The Speaker Faculty
Meet the Hedge Fund Industry Luminaries and Influential Allocators
Confirmed to Take Part

500+ Hedge Fund Managers and Investors
GAIM USA is the only hedge fund conference with a 10+ year track record of
delivering 500+ of the top investors and most influential hedge fund
decision makers. To register, for more information and to see the full
program and speaker faculty,
visit www.gaimusa.com THE "GAIM" HAS CHANGED
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Nightly Social Events

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Opportunities, Allocation Intentions and Institutional Investment Strategy

Get On The Radar Of Investors
Participate in the Full Menu of Unique Platforms Available

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visit www.gaimusa.com Opalesque Subscribers save 15% off Standard
Rates - Mention GAIM2012OPAL
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30th-3rd Nov, Abu Dhabi
- 3rd Annual RegTech New York – November 10, 2011, New York
- Mexico Investors Forum, 14 November 2011, Mexico
- World Agriculture Investment Conference Asia, 15-16 Nov, Singapore
- GAIM USA 2012, Exclusive Investor Content - More One-On-One Meetings -No Exhibits - Nightly Social Events, January 22 – 25th, Boca Raton, FL
- Administrative Options / Contact
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