|
OUTLOOK 2012 - Previews and Reviews - MOST SIGNIFICANT TRENDS And CHARTS OF 2011
From burgeon
to wither - the four stages of global
trade
|
79% of Islamic
Financial institutions have established a risk
department in last five years
In light of the ongoing global
financial climate, most world markets and
sectors continue to be adversely impacted,
including the Islamic Finance sector, which is
currently facing regulatory and practice-related
reforms.
A report recently published by the Deloitte
Middle East Islamic Finance Knowledge Center (IFKC),
entitled ‘Empowering Risk Intelligence in
Islamic Finance: Managing Risk in Uncertain
times’, addresses and investigates the important
issues in practice and regulation in Islamic
Finance in the current market challenges.
The Deloitte report is based on a survey and
group of case studies developed during the
second half of 2011, on 20 leading Islamic
Financial institutions from the Middle East and
South East Asia, with aggregate assets of more
than US$50 billion. It also includes several
interviews conducted with industry leaders and
risk management executives.
The Deloitte Risk Intelligence in Islamic
Finance report focuses on the governance and
structural aspects of an effective risk
management framework in Islamic Finance. It
presents new findings in the practice of Islamic
Finance risk management that offer guidance to
boards in managing risk in troubled times.
|
03/30/12 The
IFSB Council Adopts Two New Guiding
Principles for the Islamic Financial
Services Industry The IFSB Council Adopts Two New Guiding Principles for the Islamic Financial Services Industry Manama/Kuala Lumpur, 29 March 2012 - The Council of the Islamic Financial Services Board (IFSB) has resolved to approve the adoption of two new Guiding Principles in its 20th Meeting in Manama, Bahrain today. The two documents are: IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and |
|
12/12/11 S&P Indices has launched the S&P AFE 40, an index designed to measure the performance of 40 leading companies from the Pan-Arab region. S&P Indices partnered with the Arab Federation of Exchanges (AFE) to create the Index which includes companies from Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates. Robert Shakotko, Managing Director at S&P Indices said: "We are seeing a growing interest among investors in Arab equi |
|
11/24/11 Exactly two years ago Dubai was plunged into a debt crisis few saw coming. As investors sold off the emirate’s debt, bondholders and foreign governments were caught short as they tried to work out whom to call for information. Now as the region is swept by unprecedented unrest, bondholders are again asking how their holdings will be affected by the violence engulfing countries from Bahrain to Egypt. More ON THIS STORY Banks savour sharia-compliant opportunity Comment Gulf retains credit market |
