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News |
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Sunday, 26 December 2004
Rules for Islamic sukuks coming
DUBAI - Rules and regulations to govern Islamic sukuks and bonds are expected to be issued early next week, a senior official with Emirates Securities and Commodities Authority disclosed yesterday.  |
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Tuesday, 4 January 2005
US falls off top free economies' list
The United States has dropped out of the list of the world's 10 freest economies in a ranking released by the conservative Heritage Foundation. |
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Thursday, 13 January 2005
Dow Jones' Efforts for Islamic Index
One of the prominent index establishments, Dow Jones Islamic Index, still cannot take a license from among 17 companies, who work according to Islamic rules on the Istanbul Stock Exchange (ISE). |
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Saturday, 17 January 2004
Big Trouble for the US Dollar?
Hyperboles are nothing new to gold bugs. One of my favourites was a description of the coming Islamic Gold Dinar describing it as a neutron bomb against the US Dollar, worse than anything than Osama Bin Laden could possibly do. |
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Thursday, 20 January 2005
Malaysia to use gold dinar in trade with Islamic nations
KUALA LUMPUR - Malaysia expects to use gold dinars to trade with Islamic countries from mid-2003, a senior government official said Monday. |
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Events |
Annual Conference on Islamic Banking and Finance
6 & 7 February 2005
Gulf International Convention and Exhibition Centre
Kingdom of Bahrain
For more information:
www.aaoifi.com/
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International Islamic Leasing Conference
13 & 14 February 2005
Kuwait
For more information:
www.iilconference.com
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4th Annual Islamic Finance Summit
Developing a comprehenive Islamic financial system
21 February 2005
The Langham Hotel London, 1C Portland Place,
Regent Street, London W1B 1JA, United Kingdom
Tel: +44 20 7636 1000
Fax: +44 20 7323 2340
For more information:
www.euromoneyseminars.com
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Malay Language Accreditation Course Financial Sector
21 February 2005
Grand Seasons Hotel, Kuala Lumpur
For more information:
iimm.bnm.gov.my
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Workshop on Shariah and Legal Issues in Islamic Finance and Bonds Market (3 days)
22 February 2005
Istana Hotel, Kuala Lumpur
For more information:
iimm.bnm.gov.my
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Workshop in Islamic Participating Contracts
23 February 2005
IBFIM IBFIM, Sime Bank, KL
For more information:
iimm.bnm.gov.my
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Global Sukuk Workshop
A Case Study Driven Guide for Issuers
24th February 2005
Chamber of Commers, Frankfurt, Germany
For more information:
Islamic Finance
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The First Arab Trade Conference and Exhibition
February 27-28, 2005
Abu Dhabi Intercontinental Hotel.
For more information:
www.iktissad.com
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Seminar on Legal Issues in the Islamic Financial Services Industry jointly organized with the Federal Reserve Bank of New York and hosted by the Central Bank of Kuwait
1 March 2005 - 2 Mar 2005
Sheraton Hotel and Towers, Kuwait City, Kuwait
For more information:
IFSB.Org
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Workshop on Accounting in Islamic Finance (3 days)
1 March 2005
JW Marriott Hotel, KL
For more information:
iimm.bnm.gov.my
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The 2nd Middle East Insurance Forum
March 8-9, 2005
Manama, Bahrain
For more information:
www.iktissad.com
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Seminar on Risk Management for Islamic Financial Institutions (2 days)
26 March 2005
JW Marriott Hotel, KL
For more information:
iimm.bnm.gov.my
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Workshop on Islamic Commercial Law (Fiqh Muamalat) in Islamic Banking & Finance ( 3 days)
29 March 2005
Pan Pacific Hotel, KL
For more information:
iimm.bnm.gov.my
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2nd International Seminar on Challenges Facing the Islamic Financial Services Industry hosted by the Central Bank of the Islamic Republic of Iran
6 April 2005 - 7 Apr 2005
Central Bank of the Islamic Republic of Iran, Tehran, Iran
For more information:
IFSB.Org
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The 1st Beirut Islamic Banking Forum
13 & 14 April 2005
Beirut Lebanon
For more information:
www.iktissad.com
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The Turkish-Arab Economic Forum
May 5 and 6, 2005
Istanbul
For more information:
www.iktissad.com
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Workshop on Legal Documentation for Islamic Financing (2 days)
17 May 2005
Istana Hotel, KL
For more information:
iimm.bnm.gov.my
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Pre-Summit Workshop on "The IFSB's Capital Adequacy And Risk Management Exposure Drafts"
23 May 2005
Sheraton Doha Hotel & Resort, Doha, Qatar
For more information:
IFSB.Org
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Sixth International Conference on Islamic Economics and Finance
Islamic Economics and Banking During the 21st Century
August 2005
Jakarta, Indonesia
For more information:
www.irti.org
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Rules for Islamic sukuks coming
DUBAI - Rules and regulations to govern Islamic sukuks and bonds are expected to be issued early next week, a senior official with Emirates Securities and Commodities Authority disclosed yesterday.
Abdullah Salim Al Turifi, executive director, Emirates Securities and Commodities Authority (ESCA), said," Islamic products and sukuks are in great demand from investors. Hence it is essential to regulate and modernise the systems, which determine the operations of these products. The customer base of Islamic sukuk and financial products is now on a growth trail and needs to be put on the right track"
He said a number of new investment products will launched in the UAE stock markets in Abu Dhabi and Dubai very soon. He said the regulations that govern Islamic sukuks and other similar products were drawn up with the help of Islamic financial experts.
Al Turifi also confirmed that ESCA would open its office in the Dubai Stock Market to closely supervise trading operations.
"Islamic financial services and products are generally well suited to meet the demands of the modern world in terms of rules, regulations and systems," he added. He said Islamic finance and sukuks have come a long way. It has been transformed into a global financial industry that is here to stay and grow even more in the future.
He said, "Stock brokers both in Abu Dhabi Stock Market and Dubai Financial Market will be allowed to complete their trading transactions via Internet from their offices located outside the stock markets. We are in the process of formulating the legal procedures to allow such practice."
He said, "Scarcity of space in the stock markets to accommodate more brokers is the main reason that forced us to allow brokers to complete selling and buying of shares via electronic systems from their offices outside the stock markets. This will help many brokers and share investors to execute their transactions without coming to the stock market premises, thus saving their time."
Source:
www.khaleejtimes.com
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