Does Your Financial Institution Participate in Shariah Compliant Finance?
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?” As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. […]
Though the typically cheerleading article linked below doesn’t provide a detailed explanation (no surprise there), Moody’s has assigned a negative outlook on a major Islamic bond offering by a Shariah-compliant bank in the UAE, site of some of the most infamous sukuk defaults over the years… The outlook on FGB’s ratings is negative and therefore […]
Moody’s downgrades Kuwaiti Sukuk Issuer, NIG
Moody’s Investors Service has downgraded to B2 from B1 the Corporate Family Rating (CFR) and Probability of Default Rating (PDR) of National Industries Group S.A.K. (“NIG”), as well as the instrument rating for the $475m sukuk issued by NIG Sukuk Ltd. The outlook on the ratings remains negative. http://www.ameinfo.com/258031.html
Growth in Islamic financing in the U.K. has been hampered by an economic slump and what Moody’s Investors Service describes as a lack of government support. With so many financial jihadists claiming that Shariah-Compliance provides insulation against economic downturns, one is left wondering how the recession could possibly be hampering Shariah banking??? Perhaps the real […]
The market for Islamic financial products is poised to surpass $1 trillion in value this year as demand surges globally, a senior Moody’s official said yesterday. http://www.thepeninsulaqatar.com/business-news/53819-islamic-finance-set-to-cross-1trn-moodys.html?
In 2009, the aggregate of Shariah-Compliant assets under Shariah-Compliant financial institutions totaled $950 billion. Last week, Moody’s Investor Services forecast that number to grow to $5 trillion. Such a figure would give the financial jihadists almost unbeatable clout in the global financial industry… http://www.todayszaman.com/tz-web/news-207150-105-islamic-finance-assets-could-reach-5-trillion.html
Sales of bonds that comply with Islamic laws will remain “weaker” this year as investors shun riskier, higher-yielding assets on concern governments will struggle to repay debt. Sales of the bonds known as sukuk have totalled $564 million so far this year, compared with $2.5 billion for the first quarter last year, according to data […]
Moody’s Downgrades ANOTHER Sukuk Issuer
Last week reported that Moody’s Investor Services had downgraded a Kuwaiti firm that had issued Sukuk (Islamic Bonds). https://shariahfinancewatch.org/2010/01/27/another-sukuk-issuer-in-deep-trouble/ This weekend we were greeted with the news that Moody’s had downgraded yet another Sukuk issuer, this time a real estate development firm out of Abu Dhabi. If this is a harbinger of things to come, […]
Moody’s Investors Service has downgraded the Corporate Family (CFR) and Probability of Default Ratings (PDR) of Kuwait-based National Industries Group Holding S.A.K. (NIG) and the debt ratings on the USD 475 million sukuk issued by NIG Sukuk Limited to B1 from Ba3. These sukuk are basically “junk Islamic bonds.” So much for the idea that […]
Moody’s Downgrades Qatar Real Estate Sukuk Issuer
Moody’s Investors Service has downgraded Qatar Real Estate Investment Company, which has issued $300 million in Sukuk (Islamic Bonds) from A2 to Baa1. Moody’s also issued an advisory for possible additional downgrading in the future. The move was prompted by the announcement that Qatar Real Estate Investment Company would become a wholly owned subsidiary Barwa […]
Moody’s Investors Services has published a report which reveals that Islamic banking, cited as more resistant to the negative consequences of the credit crunch, faces its own set of particular difficulties. Entanglement and displaced commercial risks are considered to be the most serious financial risks Islamic banks face. This is a byproduct of the very […]
Monday, 18 August 2008 Islamic banking is in its golden period of growth Dr Jasim Ali (Gulf News) Last week Moody’s Investors Services published an exceptional report about Islamic banking industry. Entitled, “Frequently Asked Questions: Notable Trends in Global Islamic Finance”, the report revealed some valuable insights into the potential of Islamic banking. Yet, one […]
http://tinyurl.com/ysuk7z Sophisticated Protests, and signs that state the facts. Moody’s report revealed that Islamic finance has grown to the level of diversification, sophistication and innovation triggered by the mushrooming of Islamic financial institutions and abundance of liquidity in the market. Business has diversified beyond geographical lines and products has evolved rapidly and become more sophisticated. […]
Moody’s report answers the FAQs about Islamic finance By: Staff Writer Explains why consolidation is not on the agenda of Islamic financiers at this stage Questions about the growing sector of Islamic finance are addressed in a special comment published by Moody’s. The report, entitled ‘Frequently Asked Questions: Notable Trends in Global Islamic Finance’, […]
France not yet capitalising on Islamic finance, says Moody’s Web posted at: 7/2/2008 1:33:31 Source ::: The Peninsula http://tinyurl.com/696b8q doha • The French market has the strong potential to become a thriving market for Islamic finance but it has yet to capitalise on this opportunity, according to Moody’s Investors Service in a new ‘Special […]
Moody’s upgrades Sabb By: Staff Writer Sabb’s BFSR also reflects the bank’s beneficial relationship with HSBC Holdings, which has a 40 per cent stake and a technical services contract. Photograph courtesy of Jindao Floors, Inc. Moody’s Investors Service has upgraded the bank financial strength rating (BFSR) of The Saudi British Bank (Sabb) to C+ from […]
http://www.business24-7.ae/cs/article_show_mainh1_story.aspx?HeadlineID=5732 Islamic finance industry ‘highly fragmented’ By Staff Writer on Thursday, April 17 , 2008 The Islamic finance industry is growing at a fast pace but, despite being valued at more than $700 billion (Dh25.7bn) in terms of assets, it remains highly fragmented, said a new Moody’s report. “Islamic finance is […]
Millennium Finance Corp. announces a Major New Shareholder-UGB -and adopting a structure never used before in Islamic or Conventional Banking as part of it’s strategic plan
http://www.albawaba.com/en/countries/UAE/224596 Millennium Finance Corporation announces major new shareholder Dubai Islamic Bank PJSC (DIB), United Gulf Bank BSC (UGB) and the management of Millennium Finance Corporation (MFC) announced today that UGB is to become a significant shareholder in MFC.MFC, a Dubai Financial Services Authority (DFSA) licensed investment bank, was established by […]
ATLAS EXCLUSIVE: ALLYSON ROWEN TAYLOR Shariah Finance-The Quiet Jihad http://atlasshruggs2000-typekey.com Allyson Rowen Taylor, a leading expert on Shariah Financing, files this latest exclusive report on the economic jihad on West. Atlas, you first, your last, your everything on the war on the jihad.Shariah Finance-The Quiet Jihad Allyson Rowen Taylor Terrorism has many faces. […]
Islamic banks gear up to face threat of competition By Safura Rahimi on Wednesday, March 12 , 2008 http://www.business24-7.ae/cs/article_show_mainh1_story.aspx?HeadlineID=3700 Islamic banks in the GCC have been stepping up their business models in the face of increasing competition in the banking sector, in a bid to stay ahead of the market. According to a comparative analysis […]
Economist Intelligence Unit Briefing Under the microscope http://economicsystem.blogspot.com/2008/03/caution-when-sukuk-is-on-steroid.html Mar 10th 2008 From the Economist Intelligence Unit ViewsWire Does the Islamic bond market comply with sharia law? Global issuance of sukuk, or Islamic debt securities, is expected to expand by 30-35% in 2008, maintaining the momentum of the past two years which took total volumes to […]
Moody’s proves London must go for Islamic finance By Frank Kane on Wednesday, February 27 , 2008 If Alistair Darling, the British Chancellor of the Exchequer, is harbouring any last minute doubts about whether or not to announce plans for the issue of “Islamic gilts” in his forthcoming budget, I suggest he takes a look […]
Islamic banking and finance to continue growth: Moody’s Published: 2/25/2008 PARIS – Islamic banking and finance, which respects sharia laws banning usury, is growing fast and will continue to do so, international credit ratings agency Moody’s Investors Service said on Tuesday.It said the Islamic finance market had grown 15 percent in each of the past […]
Print this page Islamic bonds lure ‘agnostic investors’ http://archive.gulfnews.com/articles/08/02/16/10190173.html 02/16/2008 12:32 AM | Reuters London: The Arab Gulf’s fast-growing Islamic bond market is luring global investors less mindful of religious strictures than keen for exposure to the region’s currencies and equities. Hedge funds and fixed income funds are among those emerging as significant global buyers […]
ABS may help match bonds with Shariah-Moody’s
http://www.reuters.com/article/IslamicBankingandFinance08/idUSL0455910620080204 hat tip-Margo I.
Moody’s-Related stories to Islamic Banking weaknesses
Related stories to: Moody’s report cites particular Islamic banking weaknesses Islamic banks aim to expand into Europe The Islamic banks of London are preparing to gain more business from the 15 million European Muslims… 2008 to see Islamic banking to rise by 20% Over the course of 2008 it is projected that the Islamic banking industry will […]
Moody\’s RSS feed Moody’s reports: Stable outlook for United Arab Emirates banks Moody’s reports: Stable outlook for Qatari banks amid strong economy Moody’s changes to negative the rating outlook on Gulf International Bank Moody’s assigns A1 / positive rating to Saudi Electricity Company Moody’s issues annual report on Egypt » more Moody\’s news
Black Enterprise.com News Briefs about the Middle East Investment Market
BE BUSINESS REPORT AME Info, Abu Dhabi, United Arab Emirates, Business Briefs Column 2008-01-15 AME InfoBy AME Info, Abu Dhabi, United Arab Emirates Jan. 15–DFM UP SHARPLY, ADSM HAS SLIGHT GAIN: The Dubai Financial Market rose sharply today, Tuesday, gaining 182.18 points, or 2.98 percent, to finish on 6,291. National Industries Group was the day’s […]
Sudan is a terrorist state, a leader of the slave industry, and has been part of the terror connection. It is now working with bankers in Europe and raising money and this is a grave concern. There has been horrific genocide in Sudan, and it has econonic sanctions against it. The sale of these bonds […]
Categories
Archives
