GulfBase Live Support
Leave a message and our representative will contact you soon
08/08/2016 08:55 AST
Announcements from the stock exchanges of Indonesia and Malaysia, as well as the Channel Islands this week are welcome signals for the cross border development of the Islamic Capital markets.
The World Sharia Stock Market Centre, to be developed by the Indonesian Stock Exchange (IDX) and Bursa Malaysia aims to establish a global benchmark for Islamic capital markets with the aim of launching sharia bonds, financial securities products and other sharia-compliant products within six months.
Whilst the development such products is unlikely to deliver much which is new, the importance of the announcement is more relevant to the development of cross border Islamic financial capital markets activity and will do much to boost regional Islamic financial hubs in Jakarta and Kuala Lumpur.
Global centre for Islamic financial markets
At the signing of the MoU at the 12th World Islamic Economic Forum (WIEF) in Jakarta, Tito Sulistio, President Director of the IDX, stated that both Southeast Asian nations should combine their strengths in order to become the globe’s center for Islamic financial markets.
Channel Islands Securities Exchange
Later in the week, the Channel Islands Securities Exchange (CISE) announced it is looking to capitalise on a renewed interest in Islamic finance listings. The exchange is already home to an innovative listing combining Insurance Linked Securities (ILS) with sukuk. The CISE stated it had recently seen more enquiries about Islamic finance listings and is taking steps to capitalise on the renewed interest.
IslamicFinance.com Islamic Investor
IslamicFinance.com lists on its homepage a number of products including equities which are certified as Sharia compliant. The number of Islamic equities remains small and are certified compliant based on industry qualitative and Quantitative filters.
Islamic Finance
Index | Closing | Change |
---|---|---|
NIKKEI 225 | 21,292.29 | -96.29 (-0.45 |
DAX | 12,002.45 | -94.28 (-0.77 |
S&P 500 | 2,614.45 | 32.57 (1.26 |
05/04/2018
Stock markets recoiled on Wednesday as China retaliated in an escalating trade war with the United States, leaving investors reluctant to take positions in anything but the safest of assets.
The Gulf Today
04/04/2018
Egypt will start meeting bond investors in Europe this week ahead of a potential euro-denominated bond issue, a document from one of the banks appointed to arrange the meetings showed on Tuesday.
Gulf News
04/04/2018
Foreign investment in France rose 16 per cent in 2017 to levels not seen for a decade as President Emmanuel Macron’s (pictured) bid to attract money from abroad gains pace, a government report said o
Oman Daily Observer
03/04/2018
Explaining Japan’s economy to foreign audiences is hard.
One big reason for this is that explaining something as large and complex as a $5 trillion economy is an inherently difficult task - the
The National
03/04/2018
China raised import duties on a $3 billion list of US meat, apples and other products on Monday in an escalating dispute with Washington over trade and industrial policy.
The government of
The Gulf Today