WORLD - Ernst & Young: The growth of Islamic assets Funds 7.6% in 2010

234next.com - Ernst & Young said on Monday that the assets held by Islamic funds around the world, jumped 7.6 percent in 2010 to 58 billion dollars, which is due to new cash flows and the strength in fixed income, commodities and alternative investments.

Compared to the origins of Islamic funds $ 53.9 billion in 2009 and 4.51 billion dollars in 2008. (source)

INDONESIA - BANKING - Distributes Donation Fund, HSBC Attract Duafa Wallet

REPUBLIKA.CO.ID, JAKARTA - The Hongkong and Shanghai Banking Corporation (HSBC) Indonesia Republika Dhuafa Wallet hook to channel donations of funds. Through a number of branch offices in Jakarta, Bandung, Surabaya and Medan, during Ramadan, a foreign bank is trying to give a donation through Ramadan box whose results will be distributed at the institute amil zakat.

HSBC Indonesia CEO, Michael Young, said Ramadan is a perfect moment to share. "We hope this spirit can be passed on employees, customers and the younger generation," he said on the activities of the HSBC Share Happiness. Besides Wallet Dhuafa, HSBC also hook a number of other charities, such as Zakat and Heading Home Care Keadian Ummat (PKPU). In the group, HSBC also channel donations through the HSBC Foundation. (source)

WORLD - TAKAFUL - Global takaful premiums to touch $25b by 2015 - Indonesia top grower with 67 %

Dubai: Global takaful (Islamic insurance) contributions are expected to reach $12 billion (Dh44.04 billion) by the end of this year and reach $25 billion by 2015, according to Ernst & Young's World Takaful Report 2011 released yesterday.

Total takaful premiums amounted to $9.15 billion last year. "The takaful industry and its core markets have experienced another challenging year, where positive signs of economic recovery and improved business sentiment were shaken by the socio-political uncertainty witnessed across the Middle East and North Africa (Mena) region in the first quarter of 2011," said Ashar Nazim, Executive Director & Islamic Financial Services Leader, Ernst and Young. (source)
The original press brief from Ernst and Young can be accessed at their website : here
The 2011 World Takaful Report can be downloaded at the Ernst and Young Website :  here

TAKAFUL - REPORTS - ERNST YOUNG World Takaful Report 2011

The Ernst and Young - World Takaful Report 2011 can be downloaded here.

TAKAFUL - Global Islamic insurance seen growing 31% in 2011

JEDDAH: Global Islamic insurance (Takaful) contributions are expected to reach $12 billion in 2011, an increase of 31 percent from $9.15 billion last year, Ernst & Young said in its "World Takaful Report 2011: Transforming Operating Performance" unveiled at the sixth Annual World Takaful Conference 2011 held in Dubai Saturday. (full story)

CAPITAL MARKETS - REPORTS - IFIR 2010 - Islamic fund assets remained flat in 2009

see also : http://islamicfinanceindonesia.blogspot.com/2010/09/islamic-funds-ifir-2010-from-ernst.html


“The Islamic fund industry needs to evaluate new strategies to restimulate growth. Islamic fund assets remained flat in 2009 at $52 billion, whereas the potential wealth pool grew by 20 percent, now estimated at $480 billion,” concludes the Islamic Funds & Investments Report (IFIR) 2010 which was published by international auditing and advisory firm Ernst & Young in September 2010.