MIFC Epicentre October 2014 / Muharram 1436H
 
As of third quarter ended-September 2014 (3Q14), cumulative annual issuances in the global primary sukuk market has reached USD94.65bln, outperforming the same period last year by an impressive 14.1%. A total of five sovereign issuers have debuted in the primary market during 3Q14 including three non-Organisation of Islamic Cooperation (OIC) countries. These developments notably indicate the growing acceptability of sukuk instruments as viable tools for fundraising by various issuers including sovereigns and corporate institutions.
   
OTHER HIGHLIGHTS:
Speech by Prime Minister of Malaysia at the World Islamic Economic Forum 2014 - "Innovative Partnerships for Economic Growth"
Prime Minister's speech on education and innovative partnership between private sector education providers, governments and communities.
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Keynote Address by His Royal Highness Sultan Nazrin Shah, Sultan of Perak, Malaysia and Royal Patron for Malaysia’s Islamic Finance Initiative at The Islamic Forum Dubai 2014
Islamic investments today are not only an established but also a rapidly growing asset class. From humble beginnings, and after more than three decades of, at times, hesitant growth, this asset class has broadened and deepened to now provide both an investment alternative for the more than 2 billion Muslims today, as well as a complement for non-Muslims in the international fund management community.
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Speech by Governor at the Dialogue Session at the 10th World Islamic Economic Forum (WIEF) – “Sukuk Development and Financial Stability”
This recent decade has witnessed the accelerated development of the global sukuk market. The success of the sukuk market reflects its ability to meet the changing and differentiated demands of the mordern economy, to develop innovative and cutting edge structures and products, and to achieve such issuances at competitive pricing.
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Malaysia and UAE Collaborate on Capacity Building for Islamic Capital Market
The Securities Commission Malaysia (SC) and the UAE’s Securities and Commodities Authority (SCA) exchanged a memorandum of understanding (MoU) to forge a strategic partnership in capacity building between the two leading regulators of Islamic capital markets.
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INCEIF Delivers Global Talent Boost
The 6th Convocation of INCEIF (The Global University of Islamic Finance) welcomed 211 graduates from the postgraduate programmes. Amongst the graduates are students from Muslim-minority countries including Japan, France, India, United Kingdom, USA, South Korea and Philippines. The increasing diversity of INCEIF graduates reaffirms INCEIF’s role in developing world class talent for the global Islamic financial services industry.
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ISRA Thematic Workshop 2014
The International Shari’ah Research Academy for Islamic Finance (ISRA) has organized a half-day thematic workshop titled, “Application of Tanazul (Waiver of Right) in Sukuk and Preference Shares: A Critical Analysis from the Shari’ah Perspective”. The workshop attracted around 80 experts, comprising industry practitioners, academicians, Shari’ah scholars and regulators.
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