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Greetings from MIFC
 
MIFC epicentre, the monthly MIFC newsletter brings you again interesting developments and exciting news in Islamic finance from all over the world. In this edition, the highlight is on the latest developments in global sukuk and Islamic funds, which include among others, green sukuk and SDG financing. The MIFC team complements these updates with an infographic on global sukuk and Islamic funds statistics for January to June 2019. In the first half of the year, Malaysia continues to stay ahead of the curve as the largest domicile for sukuk and Islamic funds. A strong issuance activity of global sukuk is observed during the period with total issuance of USD87.4 billion. The global sukuk market also continued its upward trajectory with global sukuk outstanding rising to a record USD466.8 billion. In the Islamic fund market, global Islamic asset under management (AuM) reached USD83.9 billion, an increase of USD6 billion compared to 1H2018 AuM. For detailed statistics, please download the infographic.

Thank you,
The MIFC Team

 
Global Sukuk & Islamic Funds Statistics 1H2019
View Infographic
Article

Malaysia’s local currency sukuk market outperforms expectations

As at the end of June 2019, the issuance value of the Malaysian sukuk market had exceeded RAM Ratings’s projection of MYR100–120 billion (USD24.28–29.13 billion) for the entire year. 
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Report

RAM Ratings revises upwards projected global sukuk issuance to USD80 bil-USD90 bil for 2019

As at end-June 2019, global sukuk issuance had reached USD72.7 bil - exceeding the lower range of RAM Ratings’ full-year projection of USD70 bil-USD80 bil for 2019. As such, RAM has revised its full-year expectation to US80 bil–USD90 bil. 
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Report

The IFSB Islamic Financial Services Industry (IFSI) Stability Report 2019 

The Islamic Financial Services Board’s (IFSB) recently issued the seventh edition of its annual flagship publication: the Islamic Financial Services Industry (IFSI) Stability Report 2019. The Report examines the implications for the global IFSI of recent economic developments and changes in the global regulatory and supervisory frameworks.
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Report

USD 123.2 billion sukuk issued globally in 2018

The International Islamic Financial Market (IIFM) issued its 8th Edition of its annual Sukuk Report. The research report provides useful information on the global sukuk market, among others structure trends, key developments and prospects.
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Report

Can Sukuk become a driver of solar and green energy growth?

This report by Deloitte and ISRA provides an in depth analysis of the key driving factors of going green in these selected groups of counties and discusses the value proposition of Islamic financing strategy, as well as present anchor transactions and structures used in those countries.
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News

‘Surge’ in green sukuk issuance in H1 2019 

A total of USD117.8 billion in green bonds and sukuk were issued in the first half of 2019, up 48 per cent year-on-year, according to Climate Bonds Initiative. 
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News

SDG financing gap in Islamic countries an ‘opportunity’ for Shariah-compliant finance

The SDG financing gap for the world is estimated at around USD2.5 trillion annually. The gap for member countries of the Organisation of Islamic Cooperation (OIC) which overlap with IDB's, is around USD1 trillion a year.
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News

Sukuk Al Ijarah standard suite to be launched this year

The International Islamic Financial Market (IIFM) expects to finalise “Sukuk Al Ijarah” standard suite of documentation later this year. IIFM intends to also develop Sukuk Al Ijarah standard documentation covering securitisation market.
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News

Malaysia can tap into larger pool of sukuk investors

The UK wants to deepen its trade ties with Malaysia particularly in Islamic capital market, and in return, Malaysia can tap into a bigger pool of international investors when it leverages on London as a platform to issue debts.
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News

Bonds, sukuk can be part of retail investment portfolio

The Securities Commission Malaysia says it believes there is a place for bonds and sukuk instruments to be part of a well-diversified retail investment portfolio despite traditionally being regarded as solely for the wholesale market. Since introduction of direct access to the fixed income instruments in 2012, retail investment had remained low.
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Islamic Finance Library
Islamic Finance Dashboard
Calendar of Events
Legal Documentation for Islamic Finance
Date: 10 - 11 July 2019
Venue: Kuala Lumpur, Malaysia


Muzakarah 13

Date: 23 - 24 July 2019
Venue: Bandar Seri Begawan, Brunei Darussalam


Recovery in Islamic Finance

Date: 24 - 25 July 2019
Venue: Kuala Lumpur, Malaysia


For more information please click here
Other News
  1. Indonesia’s government considering retail green sukuk for 2020
  2. Islamic finance has potential for 'impact investment'
  3. Pakistan raises Rs200 billion for payments to energy firms
  4. Reducing par value of sukuk increases investment in govt debt Instruments
  5. BIMB Investment Signs The United Nations-Supported Principles For Responsible Investment (UNPRI)
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