International Islamic Finance Forum, Europe
"National Bonds highlights the significance of Islamic 'Sukuks' to European investors", AMEinfo, November 14, 2006
The Vice Chairman & CEO of National Bonds Corporation, Nasser Bin Hassan Al-Shaikh, spoke at the International Islamic Finance Forum in Zurich being held November 13-16. The National Bonds Corporation is a UAE-based company that issued liquid sukuk in small denominations to attract smaller investors into a market that usually attracts primarily large investors due to the lack of secondary markets for sukuk. Al Shaikh emphasized the need for innovation in Islamic finance to meet the needs of Muslim communities.
"Three Challenges To Islamic Banking, Says Banker", Bernama, November 14, 2006
The Chairman of RHB Islamic Bank Bhd, Datuk Vaseehar Abdul Razack, believes that although the Malaysian government and Central Bank have laid the regulatory framework well, there are still significant challenges facing the Malaysian Islamic banking industry. The challenges he highlighted were the lack of long-term involvement, truly Islamic banking products and adequately qualified people.
Islamic private equity
"Dubai Islamic Bank $1 bln fund eyes oil assets", Reuters via Yahoo! Asia News, November 15, 2006
Dubai Islamic Bank is launching seven private equity funds through its subsidiary Millenium Finance Corp. The funds will focus on buying unlisted firms, with 75 percent of the firms in the Gulf region.