EPICENTRE - Europe: A Rising Opportunity for Islamic Finance

March 2015 / Jamadilawal 1436H A recent spike of interest in Islamic finance from Europe is creating opportunities for global Islamic finance hubs. Following monumental sovereign sukuk issuances by the UK and Luxembourg, several signposts lead to increased opportunities. Expanding trade links between Europe and OIC countries, growing preference for ethical financial solutions, massive infrastructure requirements to meet 2020 targets, governmental support for the Islamic finance sector plus the structure of the EU single market system are all seen to be providing opportunities for sukuk issuances, Islamic banking products and services, trade financing and Islamic funds. OTHER HIGHLIGHTS: Securities Commission Malaysia Annual Report 2014 - Malaysian Capital Market Grew to RM2.76 Trillion in 2014 Malaysia affirmed its leadership in the Islamic capital market, having grown at an average of 12% per annum over the last five years to RM1.59 trillion in 2014, accounting for 58% of the capital market. READ MORE HERE 12th Islamic Financial Services Board Summit, 20 & 21 May 2015, Almaty, Kazakhstan The 12th IFSB Summit aims to bring together an experienced international group of chairpersons and speakers, with a projected audience of over 200 delegates from all sectors of the financial services industry across the globe. The theme of the one and a half day Summit is "Core Principles for Islamic Finance: Integrating with the Global Regulatory Framework." READ MORE HERE MasterCard Partners with INCEIF to Empower Female Talent in Islamic Finance MasterCard and the International Centre for Education in Islamic Finance (INCEIF) announced they are partnering to launch the MasterCard – INCEIF Scholarship for Women, aimed at boosting the pipeline of female talent in the Islamic finance sector. This is a timely collaboration, given the growing importance of Islamic finance, especially in Southeast Asia. READ MORE HERE Please log on to www.mifc.com or call +603 26923481 for more information. Copyright © 2015 Bank Negara Malaysia. All rights reserved. DISCLAIMER :The copyright and any other rights in the selection, coordination, arrangement and enhancement of the information in this electronic newsletter are owned by Bank Negara Malaysia. No part of this electronic newsletter may be modified, reproduced or published without prior permission in writing from Bank Negara Malaysia and the relevant copyright owner. Although every effort has been made to ensure the timeliness, accuracy, adequacy and completeness of this electronic newsletter, Bank Negara Malaysia accepts no responsibility or liability for errors or omissions, if any. The information contained in this electronic newsletter is only up-to-date at the time of transmission, and is not exhaustive and may be updated from time to time on the website: www.mifc.com. Bank Negara Malaysia shall not be liable for loss or damage caused by viruses transmitted by this electronic newsletter. Bank Negara Malaysia is not responsible for any unauthorised changes made to the information in this electronic newsletter or for the effect of such changes. Bank Negara Malaysia appreciates any feedback or suggestions for improvement.