June 2014 / Ramadhan 1435H

The Business Forum in conjunction with the 11th IFSB Summit took place on 20th May 2014 in Mauritius.

Themed "Islamic Finance and African Infrastructure Development", the business forum brought together panelists from various region and business sector to discuss on the opportunities and challenges of the African infrastructure development, and provide valuable insights on how Islamic finance as an alternative financing can support the funding gaps in the region.

Other Highlights:


Concept Papers: Ijarah and Istisna'

Bank Negara Malaysia is issuing two concept papers on Ijarah and Istisna' for public consultation. The concept paper aims to seek feedback from members of the public, Islamic financial institutions and related stakeholders on the Shariah and operational requirements for the application of ijarah and istisna' contracts.

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Malaysia & Hong Kong Enhance Cross Border Partnership on Islamic Capital Market

The Securities Commission Malaysia (SC) and Securities and Futures Commission of Hong Kong (SFC) jointly organised a seminar in Hong Kong on Islamic funds in response to the growing interest on Islamic finance, including in the collective investment space, in Hong Kong.

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RHB Asset Management Launches Hong Kong's First Islamic Balanced Fund under Hong Kong and Malaysia Mutual Agreement Scheme

RHB Asset Management, a wholly-owned subsidiary of RHB Investment Bank in Malaysia, has launched Hong Kong's first Shariah-compliant, actively managed Islamic balanced fund; the RHB-OSK Islamic Regional Balanced Fund. RHBAM's offering in the Hong Kong Special Administrative Region comes at a time when there is significant interest in Islamic finance by Hong Kong and cross-border investors.

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SocGen’s Maiden Sukuk Rated AAA(s) by RAM – Malaysia’s First Sukuk Issued by a French Bank

RAM Ratings has assigned an AAA(s)/Stable rating to the Proposed Multi-Currency Islamic MTN Programme of up to RM1 billion in nominal value to be issued by Société Générale Bank and Trust SA’s (SGBT) wholly owned subsidiary, ALEF II SA – a special-purpose vehicle set up as a funding conduit for SGBT.

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