HSBC head sees convergence between Islamic and conventional markets
Thursday, July 24th, 2008 Posted in Islamic Finance | No Comments »Mr. Mukhtar Hussain, HSBC global CEO for the Middle East and North Africa, forsees significant and sustained growth in Islamic financial services driven by public spending on infrastructure, estimated by one account at a staggering $2.1 trillion. See Financial Times article.
Islamic bonds rising
Tuesday, July 22nd, 2008 Posted in Industrial investment, Islamic Finance | No Comments »Investors from Europe and the US seeking to increase their exposure in the Gulf region helped boost sales of Islamic bonds to $17 billion at the end of June, representing a 17 perecent increase over the previous year. Fueled by soaring oil prices, the ...
Dubai meets market demand for shariah compliant $250M fund
Thursday, June 19th, 2008 Posted in Islamic Finance | No Comments »Reuters reports (6/19) that a new $250M fund-of-funds has been established in the Caymans to connect investors with shariah compliant investment opportunities. The fund will be managed by Tocqueville Asset Management, Lucas Capital Management, Zweig-DiMenna International Managers, Ospraie Management and ...
ME banks focus on tech investing for next decade
Thursday, May 29th, 2008 Posted in Islamic Finance | No Comments »Gulfnews reports (5/27) that ME banks anticipate spending $1T on tech and services over the next decade. Additionally, numerous ME banks intend to commit upwards of $3.5B in banking upgrades in half that time. Dubai plans to host the first ...
Forbes Special Report on Islamic Finance
Wednesday, May 28th, 2008 Posted in Islamic Finance | No Comments »In April, Forbes reported that at least $500 billion in global assets are managed in accordance with Sharia (Islamic) law, with sustained annual growth of 10-plus percent. While bank stocks and the banking industry are being treated as "toxic" in ...
