MIFC Epicentre April 2014 / Jamadilakhir 1436H
Islamic finance has made important strides into advanced economies in the US, Europe and Asia. US financial markets are the largest and most liquid in the world, and given the Islamic finance value propositions of a more stable financial system, the US market may benefit from increasing Islamic finance offerings. The importance of the US to the global economy and financial markets suggests ample potential for Islamic finance to take root in the country.
i-VCAP Launched South East Asia Shariah Exchange Traded Fund
The launch of MyETF-MSEAD is poised to inject fresh impetus into Malaysia’s ETF market. The Fund will leverage on MSCI’s robust benchmark index which represents regional dividend yielding stocks. The Fund provides an opportunity for investors to have an investment exposure into the potential economic growth of South East Asia region.
IFSB Admits Six Organisations into Its Membership
The Council of the Islamic Financial Services Board (IFSB) has resolved to approve the admission of six organisations into the IFSB membership which include one supervisory authority as a Full Member, another supervisory authority as an Associate Member as well as three financial institutions and one professional firm as Observer Members.
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