INDONESIA - ARTICLES - Profit sharing scheme for micro entrepreneur: an ideas sharing (Edy Tri Sujarwadi)

ekonomisyariah.org - Profit sharing financing is one of Islamic financing schemes.  This scheme should be a main scheme in Islamic financing sector, because it represents fairness business scheme, which each partner will share both profit and loss.  But the reality is different.  Most of Islamic financing scheme in Indonesia is not profit sharing (mudharabah/musyarakah)2, but mark up financing (murabahah).  (source)

INDONESIA - ARTICLES - Forum Riset Presentation : Islamic finance ; a crticial appraisal and proposals for the 2nd generation

ekonomisyariah.org - This article presented in the Research Forum of Bank Indonesia Sharia Banking held on 29 to 30 September 2011 in North Sumatra IAIN. Among others, this article describes an overview of Islamic products.  (download)

INDONESIA - BANKING - Indonesia Islamic Financial World Ranking 4

Jakarta (14/10) - Indonesia has a proud achievement in Islamic finance. Country Index is based on Islamic Finance, Islamic financial industry was ranked fourth of the world Indonesia. Indonesia's position was under Iran, Malaysia, and Saudi Arabia.

"This ranking is quite encouraging because we are under major countries such as Kuwait, United Arab Emirates, and England," said Director of the Directorate of Islamic Banking Bank Indonesia, Mulya E Siregar, while giving a speech at the launch of commodity sharia in Jakarta, Thursday (13 / 10).  (source)

INDONESIA - CAPITAL MARKETS - JFX Target Commodity Transaction Achieving Sharia Rp 5 M

Jakarta (14/10) - Jakara Futures Exchange (JFX) or targeting the Jakarta Futures Exchange at an early stage in the last 3 months of this year, Islamic commodity transactions could reach USD 5 billion per day. This was said by M. Bihar Sakti Wibowo, Director JFX on the sidelines of the launch of Islamic commodity in Jakarta, Thursday (13/10).  (source)

INDONESIA - CAPITAL MARKETS - 3 Ready Commodity Commodity Exchange Traded on Sharia

Jakarta (14/10) - Of all the commodities that are in Indonesia, three new commodity exchange-traded commodities ready for sharia, namely coffee, cashew nuts, and cocoa. This is because the requirement for the commodity sharia minimum of every commodity traded by the three traders and three commodities are already eligible.  (source)

INDONESIA - CAPITAL MARKETS - Launch Islamic Commodity Market

Jakarta (14/10) - The presence of Islamic Commodity exchanges will contribute interconnected economy mean for Indonesia. This was disclosed, Trade Minister Mari Elka Pangestu, while giving a speech at the launch of Sharia Commodity exchanges in Jakarta, Thursday (13/10).  (source)

INDONESIA - FINANCE - Housing Loan? Apparently Many Consumers Choose the Islamic Bank tables

REPUBLIKA.CO.ID, JAKARTA --- Consumer Financing is still dominated by banks to housing finance. Targeted, such consumer financing to continue to increase.

For example, the distribution of consumer financing Muamalat has reached Rp 6 trillion in September. Of the total financing, 60 percent came from housing finance. (source)

INDONESIA - CAPITAL MARKETS - Islamic bankers to meet next week

emirates247.com - JAKARTA: Indonesia raised 790 billion rupiah ($88.8 million) from a sukuk auction on Tuesday, above a 500 billion rupiah target, but failed to sell its first project-based sukuk, the finance ministry said in a statement.

The ministry aims to raise 39.9 trillion rupiah in debt this quarter, after failing to sell as much debt as targeted last quarter due to investor risk aversion amid worries over eurozone debt. (source)

MALAYSIA - CAPITAL MARKETS - Yuan-denominated sukuk by Khazanah

PETALING JAYA: Khazanah Nasional Bhd has issued its first offshore yuan-denominated sukuk of 500 million yuan (RM246mil) via Danga Capital Bhd, a Malaysian-incorporated special purpose vehicle.

The three-year benchmark sukuk was priced through a book-building process on Oct 13 and at the tightest end of the price guidance at 2.90%, the company said in a statement.  (source)

INDONESIA - CAPITAL MARKETS - Looking to Plug Deficit, Indonesia Starts Meeting Investors on Sukuk

Government officials leave today for a series of meetings with overseas investors to gauge their interest in an offering of Islamic bonds, or sukuk.

“We will start tomorrow [Friday],’’ said Dahlan Siamat, the Ministry of Finance’s director of Islamic finance. He was responding to a question about when the government would begin road shows to drum up interest in the dollar-denominated Islamic notes. (source)

INDONESIA - CAPITAL MARKETS - Jakarta Futures Exchange to start Sharia-backed commodity products

thepeninsulaqatar.com - JAKARTA: The Jakarta Futures Exchange (JFX) will launch sharia-compliant commodity contracts next week, one month behind schedule, a director at the exchange said yesterday.

The exchange will launch contracts for five agricultural products of which Indonesia is a major exporter, including coffee, cocoa and raw cashew nuts, Bihar Sakti Wibowo, a director at the exchange told reporters.

The contracts were expected to be kicked off in mid-September. (source)

INDONESIA - FINANCE - Agricultural Sector Investment Opportunities and Infrastructure Shariah

Jakarta (13/10) Head of the Fiscal Policy Office (BKF) Ministry of Finance Bambang Brojonegoro, say, that the chances of Islamic finance in Indonesia is large enough let alone seen the condition of the economy as a macro and micro levels of its development is phenomenal. Therefore, he hoped that Islamic finance can work on the agricultural sector and infrastructure, as the sector which has been financed by Islamic banking minimal. (source)

INDONESIA - WAQF - Urgency Empowerment Synergy in Endowments

Since 2005, the Ministry of Religious Affairs has been promoting productive endowments empowerment program of assistance by way of having money to nadzir waqf land in strategic locations and have productive endowments programs. The amount of aid each project varies between 100 million s / d 2 billion dollars. (source)

INDONESIA - BANKING - RI Islamic Financie sits on Ranked Fourth World

REPUBLIKA.CO.ID, JAKARTA --- The development of Islamic finance in Indonesia forward rapidly. This was proved by the position of Indonesia Islamic financial industry who occupy fourth position in the world.

According to the Directorate of Islamic Banking Director of Bank Indonesia, Mulya Siregar, Indonesia Islamic financial industry position is based on a survey conducted BMB Islamic Finance Index. Indonesia's position was under Iran, Malaysia, and Saudi Arabia. "Indonesia Islamic financial industry is larger than the Union Arab Emirate, Kuwait, and Britain," she says, Thursday (13/10). (source)

INDONESIA - BANKING - This is the reason BSM trims financing 2012

JAKARTA: PT Bank Syariah Mandiri only set a growth target of 25% financing in 2012, whereas growth in financing this year reached 40%.

Director of Retail Banking of Bank Syariah Mandiri (BSM) Hanawijaya said the realistic target of a possible slowdown in world economic growth triggered by the crisis Greece and the United States.  (source)

INDONESIA - BANKING - Muamalat spur financing konsumser

JAKARTA: PT Bank Muamalat Indonesia Tbk will boost consumer cost sharing from 30% to 40% of the total financing through the establishment of a special division of consumer financing in order to increase product variety.

Complience and Risk Management Director Muamalat Buchari Andi said a September 2011 financing consumption has reached Rp 6 trillion and is expected to reach Rp 7 trillion at the end of this year. (source)

INDONESIA - BANKING - Muamalat Raises Consumer Finance Portion

JAKARTA (IFT) – PT Bank Muamalat Indonesia Tbk will enlarge its consumer finance portion to 40 percent of its total finance portfolio in 2012 from 30 percent this year. The bank will prepare a special division for consumer financing and create several new products to boost its portfolio. (source)

MALAYSIA - REGULATIONS - New Exposure Drafts from IFSB

Exposure Drafts

ED12: Guiding Principles of Liquidity Risk Management
[ ENGLISH]

ED13: Guiding Principles of Stress Testing
[ ENGLISH]

MALAYSIA - REGULATIONS - The IFSB issues two new Exposure Drafts for Public Consultation

ameinfo.com - The Islamic Financial Services Board (IFSB) issues two new Exposure Drafts (EDs) for a three-month Public Consultation period starting today. The EDs are drafts of guiding principles on: 1) Liquidity Risk Management and 2) Stress Testing for institutions offering Islamic financial services (IIFS).

The drafts were approved for issuance by the Technical Committee, in its 25th meeting held in Abu Dhabi on 6 October 2011. The IFSB invites comments from among regulatory and supervisory authorities, international organisations, market players, academics and other interested parties on the two drafts.  (source)

INDONESIA - HAJI - HSBC offers haj pilgrimage banking services

JAKARTA: HSBC’s sharia division, Amanah Syariah, is teaming up with the global bank’s Saudi Arabia-based branch Saudi British Bank (SABB) to offer haj and umroh (minor haj) pilgrimage banking services for both individuals and travel bureaus. (source)

INDONESIA - RATINGS - Indonesia's Benchmark-Sized Global Sukuk Trust Certificates Rated 'BB+'

SINGAPORE (Standard & Poor's) October 12, 2011: Standard & Poor's Ratings Services today assigned its 'BB+' long-term foreign currency issue rating to the proposed issue of benchmark-sized global Sukuk trust certificates by Perusahaan Penerbit SBSN Indonesia II (PPSI-II), a fully owned special purpose vehicle of the Republic of Indonesia (BB+/Positive/B; axBBB+/axA-2).    (source)

MALAYSIA - OPINION - Malaysia: Taking Islamic finance further

thailand-business-news.com - Malaysia’s Islamic finance sector is further consolidating its position as a market leader, moving to broaden its product range and expand its reach, though it may need to keep an eye on rivals aspiring to emulate its success.

At a recent seminar on Islamic finance held in Istanbul, Mehmet Asutay, the director of the Durham Centre for Islamic Economics and Finance at UK-based Durham University, said Malaysia was positioning itself to capture 25% of the market share in the Islamic banking and finance sectors by 2012. (source)

MALAYSIA - CLIPS - KLIFF 2011 - Tun Mahathir : conventional vs Islamic finance

INDONESIA - RATINGS - Moody's Assigns (P)Ba1 to Indonesian Sovereign Sukuk

Theindonesiatoday.com - Moody's Investors Service has assigned a provisional rating of (P)Ba1 to the securities under the Government of Indonesia's proposed U.S. dollar-denominated sovereign sukuk. In Moody's opinion, the payment obligations represented by the securities available on offer are ranked pari passu with other senior, unsecured debt issuances of the Government of Indonesia and thus justify a rating at an equal level. "Moody's expects to remove the provisional status of the rating upon the closing of the proposed issuance and a review of its final terms," the rating agency said this morning. Indonesia's sovereign rating, according to Moody's, has been supported by increasingly robust domestic demand over the past few years, which has helped to shield the economy from the global financial crisis. In the ensuing recovery, the pickup in commodity prices has further bolstered to the economic outlook. "Overall, growth looks to be sustainable and has not been accompanied by significant overheating pressures," it says. (source)

INDONESIA - RATINGS - Translate from: English ITS II achieve rated BB + (exp) from Fitch

JAKARTA: Fitch Ratings assign ratings SBSN Publishing Company PT Indonesia II (ITS II) and the global sukuk to be issued at the level of BB + (exp).

The Fitch ratings research today shows that rank equivalent to a rank long-term government debt and foreign denominated global bonds already issued. (source)

INDONESIA - EVENTS - International Seminar on Islamic Economics degree, UNJ Embraces KISDAR

Jakarta (12/10) - Faculty of Economics, State University of Jakarta (UNJ FE) in collaboration with Kolej Islam Darul Ridzuan (KISDAR) Malaysia, held the International Seminar and Symposium on Islamic Economics in Building Studies and the Center for Teacher Certification, State University of Jakarta. With the theme "Bridging Ideals and Economic Countries: Islamic Economics in Macro and Micro Perspectives", this event is an effort from both parties in gathering academics and practitioners of Islamic Economics caliber world to give birth to new ideas that could benefit the development of Islamic economics. (source)

INDONESIA - EVENTS - Islamic Banking Log Requested Dare Real Sector

REPUBLIKA.CO.ID, JAKARTA - Head of fiscal policy (BKF) Bambang Soemantri Brodjonegoro Permadi said Islamic banking should dare to go into the real sector so that its presence in Indonesia's economy became apparent.
"We recommend to reorient the goals of Islamic banking, which have dared to go into the real sector. In order for Islamic banking sector is considered important," Bambang said after a keynote speaker at the International Seminar and Conference 2011 on Economics in Building Studies and the Center for Teacher Certification, State University of Jakarta (UNJ), Tuesday (11/10).
According to Bambang, Islamic banking has been more in the consumption sector, not in the real sector. "So not only in the consumption sectors such as home loans, car loans for example, but get into the real sector. And if you have entered the Islamic banking sector I think it's real nice. As long as this already exists, but is limited and not yet a trend," said Bambang.  (source)

INDONESIA - EVENTS - Ketum IAEI: Product Innovation A Necessity

Jakarta, (12/10). Economic development prospects of sharia in Indonesia is very advanced by leaps and bounds ahead, this will encourage players to invest venture capital investors in Islamic finance. However, Chairman of the Indonesian Association of Islamic Economics (IAEI), Bambang S Brodjonegoro hope that the Islamic financial institutions to innovate products that suit your needs.  (source)

INDONESIA - RATINGS - Fitch Rates Indonesia's PPSI-II Sukuk 'BB+(exp)'

Theindonesiatoday.com - Fitch Ratings has on Tuesday (October 11) assigned Perusahaan Penerbit SBSN Indonesia II's (PPSI-II) upcoming global certificates (sukuk) an expected 'BB+(exp)' rating. 

The rating is in line with the Republic of Indonesia's Long-Term Foreign Currency Issuer Default Rating of 'BB+', which has a Positive Outlook. (source)

INDONESIA - ARTICLES - Effect of Capital Structure on Banks Performance: A Profit Efficiency Approach Islamic and Conventional Banks Case in Indonesia

Effect of Capital Structure on Banks Performance: A Profit Efficiency Approach Islamic and Conventional Banks Case in Indonesia

Ade Salman Al-Farisi

affiliation not provided to SSRN

Riko Hendrawan

affiliation not provided to SSRN Abstract: Banks were knowned to have volatile capital structure caused by their financial liquidity. This paper aims to examine the impact of capital structure towards performance of two group of banks, conventional and Islamic banks, by using profit efficiency approach. Two stages procedure were employed. In the first stage we measure profit efficiency score for each bank in Indonesia during year 2002-2008 by using distribution free approach (DFA). In the second stage we employ banks’ capital ratio to measure their impact towards their performance.

Output from the first stage indicate that bank’s average profit efficiency scores equal to 0,60. Whereas the maximum score equal to 0,78. So there is still room around 0,18 Indonesian banks to improve their performance. The output also indicate the Islamic banks in Indonesia succeed to place their position at top 20% highest profit efficiency score.

Result from the second stage indicate that bank’s capital ratio have a negative effect on their profit efficiency. Futhermore, the negative effect happened to be higher for the Islamic bank group compared to conventional bank. This result consistent with Diamond & Rajan (2001) opinion that higher capital could degrade bank’s profit performance. (source)

INDONESIA - ARTICLES - Performance Analysis of Indonesian Islamic and Conventional Banks

Performance Analysis of Indonesian Islamic and Conventional Banks

Viverita

University of Indonesia (UI) - Graduate School of Management, Faculty of Economics

Abstract:     
The sharia banking phenomenon get higher attention for the last two decades, and received special attention by the banking industry. In sharia banking, interest-based principal is not allowed; instead, profit-and-loss-sharing is applied. In Indonesia, the practice of sharia-based banking system is based on the Banking Act No. 7 May 1992. This Act provides Islamic banks freedom to develop their own strategy to generate income, either in the form of profit sharing or through the interest. Although there was only one Islamic bank operated at the time the Government passed the law, the number has been continue to growing since then. This study aims to answer the question on the performance of Indonesian Islamic banks’ during the latest four-year period using individual-bank data. In addition, this study also attempts to compare the performance of Islamic and conventional banks. Using three financial efficiency ratios, (i.e. cost efficiency ratios, revenue efficiency ratios and profit efficiency ratios), it is found that there is a significant performance improvement of Islamic banks due to costs and revenue efficiency. T-test and F-test are used to check significance difference of Islamic and conventional banks. Results from the study show that Islamic banks experienced higher cost efficiency (CITR and NIER) than that of conventional banks. In addition, Islamic banks also appear to be able to generate more revenue and profit efficient than those of conventional banks. This indicates that Islamic banks are able to generate more revenue and profit than conventional banks, although they have less experience than conventional banks. Furthermore, big Islamic banks have also higher value of revenue efficiency (NIM) and profit efficiency ratios (ROAA and ROAE) than big conventional banks.(source)

INDONESIA - ARTICLES - Depositor Sensitivity to Risk of Islamic and Conventional Banks: Evidence from Indonesia

Depositor Sensitivity to Risk of Islamic and Conventional Banks: Evidence from Indonesia

Erie Febrian

University of Padjadjaran

Aldrin Herwany

Department of Management, University of Padjadjaran; Centre for Management Studies (LMFE) University of Padjadjaran

The International Journal of Business and Finance Research, Vol. 5 No. 3, pp. 29-44, 2011

Abstract: Islamic banks operate without involving interest, and therefore are believed to be less risky during financial crises than conventional banks. This advantage may not be significant if the government either partially or fully guarantees bank deposits. In the presence of deposit insurance the public can be indifferent to risk of both Islamic and conventional banks. However, insufficient studies have examined the issue of deposit insurance impact on depositor behavior and market discipline. This research conducts empirical tests on whether the risk of Islamic and conventional banks influence depositors in Indonesia, during two periods using cross-sectional analysis. This research also investigates the behavior of Indonesian depositors towards risk of both bank types during the US crisis through panel data analysis. Data from all insured domestic banks in Indonesia, from January 2002 to December 2009 are examined.(source)

INDONESIA - ARTICLES - Switching Barrier Factors in Islamic Banking and the Effects on Customer Retention

Switching Barrier Factors in Islamic Banking and the Effects on Customer Retention

Tatik Suryani

STIE Perbanas Surabaya

Herizon Chaniago

affiliation not provided to SSRN



Abstract: banking industries in Indonesia is growing rapidly. Consequently, the hyper competition among them can’t not be avoided. Every Islamic banking tried hard to achieve competitive advantage by attracting new customer and keeping the old customer to retain. In this situation, research about switching barrier factors in Islamic banking is very important for understanding further the kinds of switching barrier factors and the contribution to customer retention. The objective of research is to explore the switching barrier factors that retain customer not to switch from Islamic banking and their contribution to customer retention. Research involved 250 Islamic banking customers in Surabaya as samples. By using exploratory factor analysis, the result indicates that there are five factors that underlying customer not switch from Islamic banking. These factors namely: the way of relationship approach to customers, compliance to Islamic principles, service recovery, switching cost and risk perceived factor. By using discrimination analysis the result indicate that there is significantly differences in switching barriers factors between customer based on the intention to retain.  (source)

INDONESIA - CAPITAL MARKETS - Results Sukuk Auction October 11, 2011 - Dear, project-based Sukuk quiet enthusiasts

JAKARTA: Auction inaugural two series of state securities alias sukuk sharia-based project was deserted enthusiasts.

Investors are more interested in hunting down another series of sukuk SPN-S 120042012, IFR0010, and IFR0007.  (source)

INDONESIA - BANKING - Islamic Banking Must Dare to Go Real Sector

JAKARTA - The Islamic banking, should dare to go into the real sector so that its presence in Indonesia's economy became apparent.

"We recommend to reorient the goals of Islamic banking, which have dared to go into the real sector. In order for Islamic banking sector is considered important," said Head of fiscal policy (BKF) Permadi Bambang Soemantri Brodjonegoro after a keynote speaker at the International Seminar and Conference 2011 on Economics in Building Studies and the Center for Teacher Certification, State University of Jakarta (UNJ), on Tuesday.  (source)

MALAYSIA - HALAL - Halfest 2011 Eyes 50,000 Visitors, RM28 Mln Sales (Main market Indonesia)

KUALA LUMPUR, Oct 11 (Bernama) -- The upcoming Halal Fiesta 2011 (Halfest 2011), a platform for consumers in the country to know local halal products better, expects 50,000 visitors and RM28 million in sales over its five-day duration from Oct 12 to 16.

Halfest chief executive officer Mohd Shukri Abdullah said at a press conference here today that the exhibition is open to the general public regardless of age, unlike MIHAS (International Halal Showcase) which focuses on exporting companies and visitors aged 18 and above. (source)

INDONESIA - CAPITAL MARKETS - Result Sukuk Auction October 11, 2011

Auction Results Assessment of State Securities or Sukuk Sharia IFR0007 State (reopening), IFR0010 (reopening), SPN-S 12,042,012 (New issuance), PBS-0001 (New issuance), and PBS-0002 (New issuance) On October 11, 2011

On this day, Tuesday, October 11, 2011, has conducted auctions of State Sharia Securities (SBSN) or the Sukuk Series IFR0007 State (reopening), IFR0010 (reopening), SPN-S 24,022,012 (new issuance), PBS-0001 (new issuance), and PBS-0002 (new issuance) through the auction system of Bank Indonesia. In accordance with the authority given by Law Number 19 Year 2008 on the State Sharia Securities, then the auction results are as follows: (see hereunder)

INDONESIA - RATINGS - Perum Pegadaian

PEFINDO affirmed its “idAA+” ratings of Perum Pegadaian (PPGD or the Company) and the Company’s outstanding Bonds X, XI, XII and XIII. At the same time, PEFINDO also assigned “idAA+” ratings for the Company’s proposed Bonds I/PUB/2011 with a maximum amount of IDR 2.0 trillion and proposed MTN I/2011 with a maximum amount of IDR 1.0 trillion. PEFINDO also assigned “idAA+(sy)” rating to PPGD’s proposed MTN Ijarah I/2011 with a maximum amount of IDR 500 billion.  (source)

INDONESIA - BANKING - BNI Syariah target plus 40 units of office in 2012.

SURABAYA: PT Bank BNI Syariah in 2012 will perform additional services network of 40 units of office so that a total of 148 units, several office-based network of Islamic financial institution services will be at universities both public and private.  (source)

INDONESIA - BANKING - BI-UI portion stacking guidelines for the Islamic bank

JAKARTA: Bank Indonesia in cooperation with the University of Indonesia will issue guidelines for the portion of Islamic banking at the end of this year.

Head of Research, Development and Regulation of Islamic Banking Bank Indonesia (BI) Tirta Segara revealed the formation of the benchmark (benchmark) is one of the agenda in the establishment of guidelines for Islamic banks as well as more general guidance on the various economic sectors of sharia. (source)

INDONESIA - BANKING - Guidelines for Islamic version of the BI-UI welcomed different

JAKARTA: A number of Islamic banks provide repons differently to the plans of Bank Indonesia and the University of Indonesia released the guidelines for sharia results later this year.

President Director of PT Bank Muamalat Indonesia Arviyan guidance Arifin said this during the actual results are clear enough. (source)

WORLD - OPINION - Islamic venture capital: Key to knowledge-based economy

FAILURE is a mark of success in venture capital.
Today, Islamic venture capital is a feel good theory presented at conferences about the lofty goals of this niche market with the focus on the formalism of structuring and screening. Its impact investing, yet we see it as a cost (at best) and a write-off (at worst). (source)

INDONESIA - BANKING -BRI Syariah Delays Acquisition

JAKARTA (IFT) - PT BRI Syariah, a subsidiary of PT Bank Rakyat Indonesia Tbk (BBRI) delayed its plan to acquire an insurance company this year. The bank will collaborate instead with insurers. (source)

INDONESIA - RATINGS - Indosat Tbk.

PEFINDO affirmed its ratings of “_idAA+” for PT Indosat Tbk. (ISAT or the Company) and its Bonds II/2002, Bonds V/2007, Bonds VI/2008, and Bonds VII/2009 and “_idAA+_(sy)” for its Sukuk Ijarah II/2007, Sukuk Ijarah III/2008, and Sukuk Ijarah IV/2009.  The outlook of the rating is “Stable”.  The ratings reflect the strong support from the majority shareholder, the Company’s very strong market position, and improved operating performance.  However, the ratings are offset by the Company’s aggressive capital structure and intense competition within the telecommunication industry. (source)

MALAYSIA - TAX - Tax incentives for Sukuk in Malaysia

cpifinancial.net  - Malaysia’s 2012 Budget is to offer incentives boost Islamic finance, extending tax breaks on Sukuk issuance for a further three-year period

Prime Minister Datuk Seri Najib Tun Razak said a tax deduction on expenses incurred for Sukuk Wakala will be given for a three-year period from 2012 to encourage more Sukuk issuances. Najib said, "The income tax exemption given for non-ringgit Sukuk issuance and transaction is extended for another three years until the year of assessment 2014." (source)

INDONESIA - CLIPS - Bank Muamalat Indonesia KL International Office

WORLD - CALL FOR PAPERS - Islamic Insight academic journal (Oct 30, 2011)

Call for Papers

Islamic Insight is seeking highly academic, original research contributions for its first issue to be published in June 2012. The journal, Islamic Insight is a peer reviewed international journal devoted for publishing of high quality refereed papers in Islamic Studies and related areas. It is published by faculty of Islamic Studies, Darul Huda Islamic University located in South India which stands for an amicable blending of traditional knowledge with modern social sciences. (more hereunder)

MALAYSIA - BANKING - Islamic banks urged to boost short-term syariah-compliant products Read more: Islamic banks urged to boost short-term syariah-compliant products

KUALA LUMPUR: Islamic banks in the country Malaysia have been urged to introduce more short-term syariah-compliant products to attract foreign investors.

 

We always have investors in Malaysia looking for syariah-shariah compliant products and sometimes, from the risk management perspective, because of due to the risk management perspective, they are constrained in putting their investment into investing in Islamic assets. that they have.

Hence, they will go abroad and invest in syariah-compliant products overseas,” said Amanie Islamic Finance Consultancy and Education LLC managing director, Dr Mohd Daud Bakar. (source)