MIFC Epicentre February 2014 / Rabiulakhir 1435H
Following another year of continuous double digit growth in global takaful contributions, the industry looks to new opportunities for expansion in 2014 and beyond. The entry of new takaful operators, in both existing and previously untapped markets, is forecast to drive global takaful industry past the USD25bln milestone by the year 2015. Lessons to be learned from Malaysia's response to some of the industry's pressing challenges could overcome obstacles and drive the industry to even greater heights.
Other Highlights:
Saturna Sdn Bhd Launches Islamic ASEAN Equity Fund in Malaysia
Saturna Sdn Bhd, a wholly-owned subsidiary of US-based Saturna Capital Corporation, launched its ASEAN Equity Fund, a Malaysian fund focused on public equities of Islamically-qualified companies in the ASEAN region. The Fund, denominated in Malaysian Ringgit, is available to domestic and foreign qualified high-net-worth individuals and institutional investors.
Raising Awareness on Islamic Wealth Management through Industry-driven Research
The Labuan International Business and Financial Centre (Labuan IBFC) and INCEIF - The Global University of Islamic Finance have signed a Memorandum of Understanding (MoU) to establish a collaborative framework towards raising awareness on Islamic wealth management globally, particularly through industry-driven research.
SC-OCIS Scholar in Residence Programme in Islamic Finance at the Oxford Centre of Islamic Studies
The Scholar in Residence Programme is a joint initiative between the Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS). Applications and nominations are now open for the Visiting Fellowship at the Oxford Centre for Islamic Studies under the Scholar in Residence Programme in Islamic Finance for the academic year commencing October 2014.
Malaysia's Exim Bank's Issuance Marks the World's First Exim Bank to Price a USD Sukuk
Export-Import Bank of Malaysia Berhad ("MEXIM") announced the successful pricing of its USD300.0 million, 5-year Reg-S Sukuk ("Sukuk") issuance via EXIM Sukuk Malaysia Berhad, pursuant to its USD1.0 billion Multicurrency Sukuk Issuance Programme.
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