Tuesday, January 02, 2007

Sukuk, Growth in 2007 & Technology Use in Islamic finance

Islamic banking growth in 2007

"Islamic Banking in 2007 Set for Massive Growth", MENAfn, January 1, 2007

An article discussing the growth prospects for Islamic banking over the coming year.

Palm oil sukuk

"Tapping the debt capital market", The Star (Malaysia), January 1, 2007

"From 2001 to 2006, 81% of the debt papers issued by plantation companies were based on Islamic principles. Al Ijarah made up 40% of the total debt papers issued, followed by Al-Bai Bithaman Ajil (24%) and Murabahah (11%). Out of these issues, 42% were structured debts, 52% were straight bonds and 6% were asset-backed securities."

IT use in Islamic finance

"Malaysian Islamic banks more tech savvy but less profitable", Business Times (Malaysia), January 2, 2007

An article about the use of technology in Islamic finance and the relative use of technology and its influence on Islamic financial profitability. It appears that while GCC IFIs use a lower level of technology than Malaysian IFIs, they exhibit higher profitability likely due to better utilization of the technology.

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