Tuesday, July 10, 2007

Sukuk, manager-of-manager Islamic funds & Malaysia as a hub of Islamic finance

Investors from outside the Middle East are buying most of the sukuk issues in order to gain exposure into the region's economies leaving proportionately few sukuk available for local investors.

Zawya provides much needed information on sukuk, which will increase the transparency of Islamic capital markets.

SEI launches an Islamic manager-of-manager Islamic investment fund, the SEI Islamic Investments Fund Plc (SIIF).

Salman Younis, managing director of Kuwait Finance House (Malaysia) says that although Malaysia has been overtaken by Dubai in the area of Islamic finance, this does not mean it can no longer be a hub of Islamic finance, also noting its proximity to China, India and Indonesia.

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