EPICENTRE - Global Sukuk Market Sustained Momentum in 2014

	April 2014 / Jamadilakhir 1435H
Sovereign and quasi-sovereign issuers are expected to drive growth in the global sukuk market throughout the year. Having recorded a new sukuk issuances volume of USD31.14bln in 1Q14, the global sukuk market continues to exceed the average quarterly volume, since 1Q12, of USD31bln. Overall, global outstanding sukuk reached USD272.96bln as at 1Q14, a 15.96% y-o-y growth since 1Q13.
Other Highlights:
Setting the Benchmark for Shariah and Operational Standards The Islamic Financial Services Act 2013 provides the legal foundation for a comprehensive regulatory framework for the Islamic financial industry in Malaysia. An important focus under this framework is the development of Shariah and operational standards for key Shariah contracts and arrangements. These standards are intended to promote transparency and consistency of Shariah contract application to enhance certainty and strengthen Shariah compliance by lslamic financial institutions, as well as to serve as a key reference to catalyse greater mutual respect of Shariah opinions across jurisdictions. READ THE FULL ARTICLE HERE Bursa Malaysia Unveils "BURSAMKTPLC" - Everyone's Market-In-The-Pocket Bursa Malaysia Berhad ("Bursa Malaysia" or "the Exchange") today launched BURSAMKTPLC (spoken name: 'Bursa Marketplace'), giving a comprehensive view with rich market information and insights of the Malaysian market - what every investor and trader needs in one place. Investors can now have immediate access to the breadth and depth of Shariah-compliant equities in Malaysia's Islamic finance marketplace through www.bursamarketplace.com. Bursa Malaysia is a leading exchange in Asia for Shariah investments and home to Bursa-Suq-Al-Sila', a one of its kind commodity trading platform in the world for the Islamic finance and capital market. Read more about BURSA MARKETPLACE HERE AmBank Group and MetLife Partner for Better Life Assurance and Family Takaful Offerings in Malaysia AMMB Holdings Berhad's wholly-owned subsidiary, AMAB Holdings Sdn Bhd, and MetLife, Inc.'s subsidiary, MetLife International Holdings, Inc., completed the signing of a stock purchase agreement. This signing demonstrates the good and important bilateral commercial relations between Malaysia and the US, and was witnessed by YAB Datuk Seri Najib Tun Razak, Prime Minister of Malaysia and President of the United States of America, Barack Obama. This long-term strategic partnership aims at capturing an increasing market demand for life assurance and family Takaful in Malaysia. READ THE PRESS RELEASE HERE
Please log on to www.mifc.com or call +603 26923481 for more information. Copyright © 2014 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.