Wednesday, November 22, 2006

JBIC sukuk, McKinsey/WBIC Report, Islamic Finance in the UK

JBIC sukuk

"Japan bank plans $100 million of ringgit sukuk", Reuters viaYahoo! Asia News, November 23, 2006

The Japan Bank for International Cooperation (JBIC) has made an announcement regarding the widely known plans to issue sukuk denominated in Malaysian Ringgit. The issue will be US$100 million and will be issued to finance renewable-energy biomass projects in Malaysia, according to JBIC's Senior Executive Director Fumio Hoshi.

Islamic Finance in Britain

"United Kingdom: Introduction to the Principles of Islamic Finance", Mondaq, November 22, 2006

A short overview of Islamic finance.

Derivative standardization

"Bank Islam, Bank Muamalat Sigh Derivative Master Agreement", Bernama, November 22, 2006

Bank Islam Malaysia Bhd & Bank Muamalat Malaysia Bhd agree to standardized documentation for Islamic derivatives.

Takaful exam

"Association, Institute to Introduce Exam for Takaful Agents", Bernama, November 22, 2006

The Malaysian Takaful Association (MTA) and the Islamic Banking and Finance Institute of Malaysia signed a Memorandum of Understanding to develop and introduce an entry qualification exam for takaful agents.

WIBC/McKinsey Report

"McKinsey & WIBC set to release 'World Islamic Banking Competitiveness Report 2006/07", AMEinfo, November 22, 2006

The report will be introduced at the 13th Annual World Islamic Banking Conference in Bahrain on December 9, 2006.

1 comment:

Julie said...

I was looking out for some information on Finance and your post helped me add one more point on my project. I am a student preparing a project on Islamic Finance for my college. Thanks a lot for the information.