Mondovisione

Bursa #Malaysia-I Welcomes Inter-Pacific Securities Sdn Bhd As Islamic Participating

Bursa Malaysia added Inter-Pacific Securities Sdn Bhd (Inter-Pac Securities) to its Islamic Participating Organisations (Islamic POs) list. Bursa Malaysia CEO Datuk Seri Tajuddin Atan welcomed the new company and said that with this addition investors would have a wider choice of Islamic POs to represent them. Inter-Pac Securities Director Tan Mun Choy expressed his gratitude for Bursa Malaysia's approval to carry out Islamic stockbroking services.
With the inclusion of Inter-Pac Securities, there are now 12 Islamic POs carrying out Islamic stockbroking services of which 1 is on a full-fledged basis (BIMB Securities) and the other 11 are on a window basis.

London Stock Exchange Welcomes Islamic Development Bank #Sukuk Bond – Largest Issuance By A Supranational In

London Stock Exchange welcomes the largest Sukuk issued by a supranational globally in 2017, raising $1.25bn. The isssuance is listed by the Saudi Arabia based Islamic Development Bank and is a five-year bond with a 2.393 % yield. This listing adds to the broad range of Islamic finance products available to investors on London Stock Exchange. According to Nikhil Rathi, CEO of the London Stock Exchange, the listing demonstrates London’s standing as the world’s most international financial centre and confirms the UK as the key destination for Shariah-compliant financial products. The CFO of Islamic Development Bank, Dr. Ahmet Tiktik, said choosing London as the location for the new $1.25bn Sukuk shows the bank's continuous support for London Stock Exchange.

New Sukuk Listings In Dubai In 2015 Reach 12.75 Billion US Dollars - International Finance Corporation (IFC) Rings Bell To Celebrate Listing Of 100 Million Dollar Sukuk On Nasdaq Dubai

Bahar Alsharif, Deputy Treasurer of International Finance Corporation (IFC), a member of the World Bank Group, today rang the market-opening bell to celebrate the listing of a 100 million US dollar Sukuk on Nasdaq Dubai. More than a third of this total, amounting to 12.75 billion US dollars, has listed on Nasdaq Dubai in 2015. The Sukuk is the second to be listed by IFC on Nasdaq Dubai, following a 100 million US dollar Sukuk that listed in 2009. Through its latest Sukuk, IFC will support developmental financing activities in the Middle East and North Africa and other parts of the world.

S&P BSE 500 Shariah First Index Launched By Bombay Stock Exchange And S&P Dow Jones Indices Strategic Partnership

Bombay Stock Exchange (BSE) and S&P Dow Jones Indices have announced the launch of the S&P BSE 500 Shariah index, the first new index resulting from the strategic partnership formed between the two companies in February of this year. The S&P BSE 500 consists of 500 of the largest, most liquid Indian stocks trading at the BSE. The index represents nearly 93% of the total market capitalization on the BSE and covers all 20 major industries of the economy. S&P Dow Jones Indices has contracted with Ratings Intelligence Partners (RI) to provide the Shariah screens and to filter the stocks. BSE and S&P Dow Jones Indices announced on February 19, 2013, a strategic partnership to calculate, disseminate, and license the widely followed suite of BSE indices.

Malaysia Is World's Top Sukuk Listing Destination - Bursa Malaysia Attracted USD 17.6 Billion In Sukuk Listings In 2009

Bursa Malaysia topped the world’s exchanges in terms of value of sukuk programme listings in 2009, recording a total of USD17.6 billion. Since its inaugural sukuk listing in August 2009, the Exchange listed 12 sukuk by end of December 2009 which contributed towards this development.

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