Islamic Finance News Essay

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T h e Wo r l d ’ s L e a d i n g I s l a m i c F i n a n c e N e w s P r ov i d e r 2nd April 2014 (All Cap) 1100 1075 0.3% 1050 1025 1000 1,031.73 1,028.29 S M T W T F S Sovereign Sukuk: Small size, big ambitions Four major developed economies are all racing to issue debut sovereign Sukuk this year – and although it is easy to assume that whichever non-Muslim nation issues first the global impact will be very similar, this is in fact far from the case. This week, we evaluate the specific goals, independent attributes, and unique characteristics that distinguish the upcoming Sukuk from the UK, Luxembourg, Hong Kong and South Africa: and explore the impact that we can really expect from such small issuances – that have such big ambitions. issuance is important not only for the issuing country but for the wider Islamic finance community as well, assisting in the vital deepening of the capital markets and providing much-needed top-grade instruments which banks urgently need to manage their funds. Powered by: IdealRatings® Volume 11 Issue 13 IFN Rapids .........................................................2 Islamic Finance news .........................................6 Shariah Pronouncement .................................16 IFN Reports: QIB: A closer look; Agricultural financing: The next big thing?; The Islamic banking sector in Pakistan: Opportunity or overcrowded?; Hong Kong institutions keen to tap Islamic wealth ................................ 17 ICD Exclusive Report: Establishing successful Islamic banks in uncharted territories: Spotlight on Maldives Islamic Bank ..................................23 Special Report: Prospects for the growth of Islamic finance in Tunisia ...............................................................24 The fourth pillar: A new way forward for Islamic

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