U.K. Becomes First Western Government to Sell Islamic Bonds

wsjThe U.K. on Wednesday became the first Western nation to issue Islamic bonds, completing a plan that took more than seven years to mature.

Investors placed £2.3 billion ($3.9 billion) of orders, more than 11 times the amount of bonds on offer.

The £200 million, five-year bonds will pay investors a yield of 2.036%, in line with what the U.K. pays for conventional government bonds.



The world of Islamic banking

newstalk106108Noel Lourdes, the Executive Director of Amanie Advisors an Islamic Finance Group joined Sean to discuss the world of Islamic banking.

What exactly is the bases of Islamic banking and how does it differ to the Western approach? Islamic Finance is growing in popularity since the recession but how does it work?



Societe Generale gets nod for up to RM1b Islamic debt notes

Thursday, 12 June 2014


KUALA LUMPUR: societe Generale has received the approvals from Bank Negara Malaysia and the Securities Commission to launch a multi-currency Islamic medium term notes (IMTNs) programme in Malaysia.

Societe Generale, which is one of the largest European financial services groups, said on Thursday the proposed IMTNs programme would have a nominal value of up to RM1bil and a tenure of up to 15 years.

Hong Leong Islamic Bank Bhd is the lead arranger on the deal and Societe Generale's principal adviser.

Amanie Advisors Sdn Bhd, Societe Generale's Shariah advisor, has certified the Shariah compliance of the IMTNs which will be issued under the Shariah principle of Sukuk Wakalah Bil Istithmar. It would be issued via a new and dedicated offshore incorporated issuance entity.



Shariah entrepreneurship may spark boom in Islamic finance

Friday, 06 June 2014

themalaymailKUALA LUMPUR — The Shariah Advisory Council of Bank Negara Malaysia (SAC) chairman Dr Mohd Daud Bakar has proposed the development of shariah entrepreneurship, an idea that will spark a boom in Islamic finance.

“In a nutshell, shariah entrepreneurship is to empower anyone with high quality of shariah knowledge to convert their ideas and perspectives into products and services,” he said in an interview with Malay Mail.

He said that it can benefit the society from a commercial perspective, but it needs engagement with relevant parties to materialise.


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