asianbankingandfinance.net - The government has already sold US$1.5 billion of local Sukuk in March this year, says HSBC Amanah head Herwin Bustaman.
In a recent teleconference, HSBC shared its update and outlook for
Asia's Sukuk market. According to Herwin Bustaman, head of HSBC Amanah,
HSBC Indonesia, Indonesia is very likely to see record Sukuk issuance in
2012; in fact, the government has already sold US$1.5 billion of local
Sukuk in March this year. Bustaman estimates another US$1-1.5 billion of
global government Sukuk, most likely in the second half of this year. (source)
Showing posts with label asianbankingfinance. Show all posts
Showing posts with label asianbankingfinance. Show all posts
Thursday, April 26, 2012
Thursday, October 27, 2011
MALAYSIA - BANKING - CIMB Group launches Shariah-compliant securities services
asianbankingandfinance.net - It will comprise of four business units namely, Trustee Services and Products, Custody, Corporate Agency, and Fund Accounting.
Speaking at the launch of the services, Badlisyah Abdul Ghani, Executive Director and Chief Executive Officer, CIMB Islamic said that in view of the burgeoning increase in global Islamic assets, there is an urgent need for the establishment of an integrated Islamic securities services platform.
“Research has revealed that overall Islamic asset management industry has grown at an astronomical rate of 20% per annum, bringing it to amount to USD292 billion in 2009. The recent shift from traditional investments [such as equities and real estate funds] to investments in new alternative asset classes [such as shariah-compliant exchange traded funds and hedge funds] further evidences critical untapped opportunities for local and international service providers,” explained Badlisyah.
Badlisyah revealed that the Group’s trustee services have garnered over 20 years of experience in numerous types of landmark investment schemes and customised trust solutions, all of which have earned them the credibility of being industry experts.
Monday, February 14, 2011
BANKING - More sharia banks planned in Indonesia
According to Bank Indonesia director for sharia banking Mulya Siregar, the list includes Bank Kesawan, which has just recently been acquired by Qatar National Bank; Malaysia’s Affin Bank Bhd., which owns Bank Ina Perdana Indonesia; and Bank Sinarmas. (source)
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