Market Review 34 26 Arab Banking Corporation (ABC) announces 13% increase in first
quarter profit to US$54 million Arab Banking Corporation today announced that its consolidated Group net profit for the first quarter of 2012 was US$54 million, 13% higher than the first quarter of last year...
34 Sukuk A Rising Sector for $88 Billion Construction in Qatar Qatar’s lenders need international banks to help finance as much as $88bn of construction for the 2022
soccer World Cup as deposits in the energy-rich Persian Gulf emirate fail to keep pace with loan demand...
51 Multi Billion Dollar Sukuk on the Cards for Private Sector Growing trade in Islamic bonds in the Gulf region this year could be driven further by increased private sector interest in sukuk on the back of strong activity by banks, the 51st ACI Financial Markets World Congress will be told in Dubai...
52 The Popularity of Islamic Finance Fund Industry The popularity of Islamic finance fund industry is growing steadily as more conferences and awareness
about Islamic funds are being promoted around the world... 54
54 Islamic Benchmark Standard Set for Hedging The International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association (ISDA) have launched the ISDA/IIFM Mubadalatul Arbaah (Profit Rate Swap) product standard to be used for Islamic hedging purposes…
61 Nigeria Islamic Finance Gets Support From IDB Nigeria is a growing Islamic financial sector. Nigeria’s Vice President, Namadi Sambo said in Kartoun,
Sudanthat the Islamic Development Bank (IDB) has set aside about $2 billion dollars (about N310 billion) to support the country’s developmental programme between 2012 and 2014...
70 India Islamic Finance Market Grows Steadily The market for Islamic finance in India is growing and it is becoming a more welcomed method of financ-
ing. The $1.5 trillion market for Shariah-adherent products is expected to grow by around 20% annually. In India, 1,200 of the total 6,000 stocks are Shariah-compliant already...
72 The Growing Opportunities in Takaful The Takaful sector is doing unprecedentedly well in spurring the Islamic finance industry forward. Maintain-
ing growth with profitability remains key challenge for global Takaful industry, according to speakers at the 7th Annual World Takaful Conference in Dubai...
73 Morocco’s First Islamic Bank Launch in 2013 Foreign Islamic banks will be allowed to take up to 49 percent of Morocco’s first fully-fledged Islamic bank
in 2013, as the country aims to become a regional financial hub, a government minister said on Monday...
74 Dow Jones Islamic Market Titans 100 Index Closed Down 0.83% in April The Dow Jones Islamic Market Titans 100 Index finished down 0.83% in April according to data compiled
by Dow Jones Indexes. The index measures the performance of 100 of the world’s leading Shari’ah- compliant stocks.
70
76 Event Review 78 Book Review
80 Events Calendar 82 Business Directory 84 Glossary 86 In the Next Issue
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