Global sukuk issuance to reach $30b

DUBAI -- The global sukuk issuance is expected to reach $30 billion in 2010 in light of the recovery in global economic activity and increasing popularity of Shariah-compliant products, according to Kuwait Finance House ?(KFH) report.

Source: Zawya - 24 Aug, 2010

Islamic U.S. Mutual Funds Flocking to Malaysia Seeking Returns

Malaysia is attracting Islamic investment funds from the U.S. seeking higher returns in Asia as growth in developed economies slows.

Source: Bloomberg - 16 Aug, 2010

Singapore Targets Sukuk as Khazanah Plans Sale: Islamic Finance

Aug. 3 (Bloomberg) -- Singapore is seeking to develop its Islamic finance market and attract investors as global growth in products that comply with Shariah law tops 20 percent annually.

Source: Bloomberg - 03 Aug, 2010

Malaysia: Hub for Islamic fund firms

Malaysia is fast establishing itself as the global hub for dedicated Islamic fund management companies. The Securities Commission Malaysia (SC), the securities regulator chaired by Zarinah Anwar, granted at the end of June 2010 the latest Islamic fund management license to Saturna Capital Corp., an American fund manager with a good track record in managing Shariah-compliant funds.

Source: Arab News - 11 Jul, 2010

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