BAHRAIN - SPEECHES - Indonesia - Bahrain: Exploring Smart Partnership on Islamic Banking and Finance

www.bma.gov.bh - Indonesia -  Bahrain: Exploring Smart Partnership on Islamic Banking and Finance

Manama, Bahrain: 14th May 2012

Opening Address by: Mr. A. Rahman Al-Baker, Executive Director of Financial Institutions Supervision, Central Bank of Bahrain

Your Excellencies, distinguished guests, ladies and gentlemen - Good Morning.

I am honoured to be here today to speak to you at this seminar in a spirit of partnership and brotherhood. Our two nations are both very similar and yet hugely different. We are both identified as Muslim nations, and yet we both have other religious groups existing alongside the Muslim majority. Indonesia is a vast nation, with a population in excess of 238 million people, whilst Bahrain has a population of only just over 1 million people. Indonesia is a founder member of ASEAN (the Association of Southeast Asian Nations), as Bahrain is a founder member of the GCC. These are both major economic blocs within their regions. Within ASEAN, Indonesia is the largest country by population and GDP. Within the GCC, Bahrain is the home of modern Islamic banking and finance. (source)

FINANCE - IILM - Retooling Liquidity Management

Islamic repos, or repurchase agreements, provide a new tool in creating and managing liquidity in the Islamic interbank money market. SCOTT WEBER identifies what instruments are available in the market and the extent to which they are being utilized.

Islamic repos aim to provide Islamic financial institutions with an additional avenue to source their funding requirements, providing banks with relevant tools to effectively manage their liquidity needs allowing the banks to finance its asset inventory.

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.