Opalesque Islamic Finance Briefing 29. Sep 2010

To view an online version of this newsletter, please click: http://www.opalesque.com/IFB9393/Newsletter_09292010.html
News
– Nigeria Sukuk debut targets Shariah hub role
– Nakheel plans $1.6 bln Sukuk, part of debt plan
– Dubai said to raise $1 bln in 2 part 5 to 10-year bond sale
– Dubai bond size may exceed $1bln
– Dubai, Qatar’s QIB revive Gulf debt sales
– Soaring Sukuk
– Indonesia aims for $111.8 mln at Oct 5 sukuk auction
– Malaysia: Call to exploit Islamic finance expertise
– Malaysia can take lead in improving Islamic finance
– Islamic answers to SME finance needs
– New key AAOIFI standards: Contemplation option, defects option and honesty option
– Standard Chartered Bank launches first Islamic US dollar nostro account
– Islamic banking: Standard Chartered launches awareness drive
– Islamic banker ‘s call for ‘responsible spending’
– Tamweel begins to take back properties

Featured Services

– JetFin AGRO 2010 Conference, September 30, ZURICH. Receive a 10% Discount as Opalesque user
– Comparison of FX ECNs: Finding Your Match for High Frequency Trading, October 14th, 2010, New York
– Peregrine Securities 3rd Annual Hedge Funds Investor Open Day, 1 November 2010, Mount Nelson Hotel, Cape Town
– Agriculture Outlook Americas conference November 8-10, 2010, Boston
– Private Equity World Brazil 2010, November 8-10, 2010, Brazil
– RegTech London: Technology, Regulations and the Market: Challenges and Opportunities, November 18, 2010, London
– CFA Institute / EDHEC Risk Advances in Asset Allocation Seminar, 30 November – 2 December, 2010, London  – Early bird available before October 4
– GAIM USA 2011, January 18th-20th, Boca Raton Resort, Florida
– Administrative Options / Contact
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Nigeria Sukuk debut targets Shariah hub role

From Bloomberg: Nigeria, Africa’s second-largest economy and home to 75
million Muslims, plans to sell its first Islamic debt within 12 months as
part of a bid to become the continent’s center for Shariah-compliant
financing. (more…)

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Nakheel plans $1.6 bln Sukuk, part of debt plan

From Reuters: Property developer Nakheel NAKHD.UL plans to issue a 6
billion dirham ($1.63 billion) Islamic bond as part of its debt repayment
plan as it restarts several key projects, an industry executive said on
Tuesday. (more…)

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Dubai said to raise $1 bln in 2 part 5 to 10-year bond sale

From Bloomberg: Dubai may raise $1 billion in a two-part bond sale in its
first sovereign issue since the Dubai World credit crisis, according to a
banker and an investor involved in the deal. The Persian Gulf financial
hub’s 5-year, $500-million issue may be priced to yield about 6.75 percent,
according to the people with knowledge of transaction.  (more…)

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Dubai bond size may exceed $1bln

From  Khaleejtimes.com:  With Dubai all geared up for the dual-tranche
Eurobond sale, the size of the order book was estimated to exceed $1
billion by sources at lead managers. On Monday, Dubai mandated HSBC,
Deutsche and Standard Chartered to lead the dollar-denominated bond, the
first since last year’s debt crisis. (more…)

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Dubai, Qatar’s QIB revive Gulf debt sales

From  Arabianbusiness.com:  The Dubai government and Qatar Islamic Bank are
among issuers leading the biggest Arabian Gulf borrowing push since the
fourth quarter, a sign Dubai World’s debt restructuring is reviving
confidence in the region. (more…)

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Soaring Sukuk

From  Zawya.com:  According to KFH Research and NCB Capital, there seemed
to be a recovery in the growth of the total value of Sukuk issuance in 2009
and during the first half of this year.  KFH’s report predicts that global
Sukuk issuance will reach $30 billion in 2010 in light of the recovery in
global economic activity and the increase of Sovereign Wealth Funds (SWFs),
companies, and the revival of private sector projects. (more…)

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Indonesia aims for $111.8 mln at Oct 5 sukuk auction

From Reuters: Indonesia’s debt office said on Tuesday it aimed to raise 1
trillion rupiah ($111.8 million) at its auction of sukuk, or Islamic debt,
scheduled for October 5. (more…)

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Malaysia: Call to exploit Islamic finance expertise

From  Btimes.com.my:  Malaysia should make use of its Islamic finance
expertise to attract more foreign direct investments (FDIs). “The outlook
in Malaysia is very optimistic with vast opportunities for investment. I
believe Malaysia is on the right track,” said Mary Buffett, the former
daughter-in-law of famous investor Warren Buffett. (more…)

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Malaysia can take lead in improving Islamic finance

From  Thestar.com.my:  Malaysia, as a leader and innovator in Islamic
finance, can do more in exploring the Islamic principles to create a more
cohesive financial system, says Dr Armen V Papazian, fellow of the Judge
Business School, University of Cambridge, England. (more…)

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Islamic answers to SME finance needs

From  Zawya.com:  With both the value of the SME and the Islamic finance
sectors predicted to skyrocket over the next few years, it’s not surprising
that the two have successfully intertwined in the GCC region. Isla
MacFarlane reviews the most recent offerings for Shari’ah-compliant SME
financing (more…)

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New key AAOIFI standards: Contemplation option, defects option and honesty
option

The Accounting and Auditing Organization for Islamic Financial Institutions
(AAOIFI), the leading international organization that formulates and
publishes accounting, auditing, ethics, governance, and Shari’a standards
for the Islamic banking and finance industry, issued three new Shari’a
standards, namely “Contemplation Option”, “Defects Option” and “Honesty
Option”. (more…)

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Standard Chartered Bank launches first Islamic US dollar nostro account

From  Cpifinancial.net:  Standard Chartered Bank has announced the launch
of the first Islamic US Dollar Nostro1 Account in the US. The facility will
operate on the Islamic finance principle of Commodity Murabaha. Profits
will be paid on a monthly basis.  (more…)

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Islamic banking: Standard Chartered launches awareness drive

From  Brecorder.com:  Standard Chartered has launched an Islamic banking
awareness campaign under its global Islamic brand ‘Saadiq’. Saadiq, which
means ‘truthful’, is Standard Chartered’s identity for our global Islamic
banking business.  (more…)

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Islamic banker ‘s call for ‘responsible spending’

From  Gulfweeklyworldwide.com:  A senior Bahraini Sharia scholar and an
Islamic banker has urged people to take a more responsible view of spending
and to resist what he described as a growing culture of consumerism.
(more…)

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Tamweel begins to take back properties

From  Thenational.ae:  Tamweel, one of the country’s biggest Islamic
mortgage providers, has started to repossess defaulted properties and
intends to apply much stricter rules when it starts lending again.
(more…)

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JetFin AGRO 2010 Conference, September 30, ZURICH. Receive a 10% Discount
as Opalesque user

Agriculture is the bright light of today’s investment universe. The rapid
rise
in global demand for food is providing new opportunities for investors.

JetFin AGRO 2010 CONFERENCE
is the only event for investors, which exclusively gathers top agricultural
fund
managers delivering strong returns in challenging markets.

Special focus: Region specific investment opportunities.

JetFin AGRO 2010 CONFERENCE is the ultimate meeting point for investors in

search of sustainable and noncorrelated returns when investing in
agriculture.
Leading successful agriculture investment managers present and explain
their
investment strategies. Institutional investors and wealth managers compare
winning solutions, enabling them to take the right investment decisions in
key
markets such as farming, soft commodities or timber. Don’t miss the unique
opportunity to participate to the

JetFin AGRO 2010 CONFERENCE
Confirmed speakers :


Giulio Franzinetti, Managing Director, ASDF BV, Netherlands 

John Coast Sullenger, Fund Manager, GAIA Capital, CH 

Richard Davis, Fund Manager, BlackRock Investment Management, UK 

Claudio Busarello, Director, Swiss Reinsurance Company, CH 

Shawn Johansen, Director, Sustainable Equity Partners, USA 

Michel Tamisier,Managing Partner, Elite Advisers, Luxembourg 

Detlef Schoen, Founder, Aquila Capital Group, Germany 

Olivier Combastet, Founder, Pergam Finance, France / Uruguay 

Gonzalo Fernandez Castro, Founder, Lumix Capital, CH / Argentina


Larry Ruud, CEO, One Earth Farms, Canada 

Neil Crowder, Co-Founding Partner, Chayton Capital, UK 

Craig Tashjian, Principal, Amerra Capital Management LLC, USA 

Christoph Avenarius, Director, Credit Suisse Investment Advisors, CH

And more to come…

More information & Registration:

http://www.jetfin.com/agro2010-zurich/eventinfo_en.php or contact Sophie
Lavaud, JetFin : 0041 22 839 8080.

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Comparison of FX ECNs: Finding Your Match for High Frequency Trading,
October 14th, 2010, New York

An Evening Panel Discussion: 5:45 pm – 9:00pm

Contact: info@themankoffcompany.com

Event Venue: The Westin New York, 270 West 43rd Street at 8th Avenue, New
York,
NY 10036

Cost: Registration is complimentary to those who meet qualification
requirements

The growth in the number of FX liquidity pools has given high frequency
traders
many choices. The appropriateness of a liquidity pool depends on the
requirements of the trading strategy such as latency, technology, average
trade
size, volume of currency pairs traded and sensitivity to fees. To better
compare
and contrast the options available to today’s high frequency trading
community,
we have assembled a panel of Senior Executives from the leading FX trading
venues. Our panel sheds light on what differentiates one ECN from another
in
order to help high frequency traders determine which venues are most
suitable
for their trading strategies.

For more information about the speakers, audience, schedule and how to
register,
please go to:
http://www.themankoffcompany.com/ECN/

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Peregrine Securities 3rd Annual Hedge Funds Investor Open Day, 1 November
2010, Mount Nelson Hotel, Cape Town

Hosted by the Primes Services division of Peregrine Securities, the event
is in its 3rd consecutive year, attracting both new and familiar faces from
the local and international hedge fund arena. 

The Hedge Funds Investor Open Day offers investors and managers a
convenient and efficient way to build relationships and gather new
information on hedge funds.

The event is regarded as a key fixture in participants’ calendar, providing
an opportunity to engage with industry peers and prospective clients in a
secure, relaxed and professional environment.

While not losing the intimacy of the event, this year the day is divided
into morning, pre-lunch & post-lunch sessions with two streams for the pre-
and post-lunch: an offshore funds focus for international delegates and a
breakaway room for private meetings.

The programme comprises of the following:

08h00-09h00:    Networking breakfast

09h00-11h20:    Managers’ presentations

11h20-12h00:    Tea break

12h00-13h30:    Manager’s presentations & offshore funds focus

13h30-14h30:    Luncheon

14h30-16h00:    Manager’s presentations & breakaway private meetings

16h00:        Afternoon cocktails

The event is fully sponsored by Peregrine Securities and is open to
investors, trustees and advisors.

For more information please contact Ruth Forssman via
events@peregrine.co.za

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Agriculture Outlook Americas conference November 8-10, 2010, Boston

This event will arm you with the tools for maximizing
profits on crop production and for increasing the value of the underlying
farmland real estate.

Agriculture Outlook Americas will deliver techniques for
enhancing your ROI across the agriculture sector. Maximize your investment
returns, and boost your profits.

Capitalize on farmland, agribusiness and agtech investment
opportunities throughout North and South America. Register today to meet
the
industry’s key decision makers in one location at one time!

Key themes at this year’s conference:

 
Farmland Investment Models 

Farmland Management Strategies   

Farmland Investment Returns 

Looking Beyond Farmland   

Optimizing Agriculture Allocations 

Regional Showcases   

Commodities Outlook 

Technology and Innovation   

Managing Supply Threats 

 

Reasons to attend the event:

–  Discover how to capitalize on an emerging asset class.
–  Obtain a holistic perspective on the region’s agriculture landscape.
–  Meet new investors and achieve your fundraising goals. 
–  Finance new projects that will take your business forward
–  Profit from new agriculture investment opportunities.
–  Strengthen your operations and cut costs. 
–  Unparalleled opportunities to build relationships. 
–  Form local partnerships. 

For more information about the speakers, audience, schedule and how to
register,
please go to:

http://www.terrapinn.com/template/live/documents.aspx?e=3738

Reserve
your seat now</p

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Private Equity World Brazil 2010, November 8-10, 2010, Brazil

Value creation for private equity funds and investors

– Meet the leaders in Brazilian private equity – Partner with 150+
local and international investors, fund managers, and businesses

– Seek the best deals – Discover opportunities in established and
overlooked markets, from energy and infrastructure to consumer services and
information technology

– Maximize your return on investment – Formulate the strategies that
will generate the best returns for your funds

What’s in it for me?

Investors

– Find the best fund managers in the region

– Profit from investment opportunities in established and overlooked
markets

– Meet local private equity players and develop global partnerships

Fund Managers

– Uncover new strategies in exits, financing and operations

– Identify which sectors and companies will outperform in 2011

– Navigate Brazil’s evolving regulatory and business environment

Visit the website:

http://www.terrapinn.com/2010/pebrasil/
For more information about the speakers, audience, schedule and how to
register,
please go to:

http://www.terrapinn.com/template/live/documents.aspx?e=3762

Reserve your seat now and save $600

https://secure.terrapinn.com/V5/rCalc.aspx?E=3762

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RegTech London: Technology, Regulations and the Market: Challenges and
Opportunities, November 18, 2010, London

An Evening Roundtable Forum: 6pm – 9pm on Thursday, November 18, 2010 at
the Grange Holborn Hotel, London

Contact: info@themankoffcompany.com

Website:
http://www.themankoffcompany.com/RegTechLondon/

This evening roundtable discusses developments in today’s financial markets
give
many in the trading community pause for thought: What will the repercussion
of
government intervention be? How do we maintain compliance while remaining
competitive? With new technology in development as well as available, how
do you
decide which is best for your current and future initiatives and will the
drive
for ever-lower latency continue at the pace it’s been keeping? These issues
and
others are addressed on two dynamic panels the first focusing on risk
management, compliance and liquidity management and takes an in-depth look
at
the impact of regulations on MiFID and flash orders and the second on
market
access, data issues and connectivity and an examination on co-location
challenges.

With a faculty of traders, industry experts and regulatory professionals,
join
us for an evening of discussion and networking. For more information about
the
speakers, audience, schedule and how to register, please go to:

http://www.themankoffcompany.com/RegTechLondon/

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CFA Institute / EDHEC Risk Advances in Asset Allocation Seminar, 30
November – 2 December, 2010, London  – Early bird available before October
4

Jointly organised by CFA Institute and EDHEC-Risk Institute, the Advances
in
Asset Allocation Seminar takes stock of the latest research industry trends
and
research advances and clarify the distinction between true innovation and
mere
marketing claims.

This intensive three-day course will provide participants with an in-depth
appreciation of the concepts and techniques that will shape the future of
investment management. The seminar will also equip them with practical
tools to
improve asset allocation and risk management processes, implement novel
investment management approaches, and develop new products.

Presented in a highly accessible manner by an instructor who combines
academic
expertise and industry experience, it strikes a balance between exploration
of
new models and a study of applications.

For further information about the London event please

click here.

To book a seat, please visit our online store:

store.edhec-risk.com or contact Melanie Ruiz at
EXECeducation@edhec-risk.com or on: +33
493-187-819

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GAIM USA 2011, January 18th-20th, Boca Raton Resort, Florida

Putting Capital to Work in 2011: The Highest Concentration of Senior
Decision
Makers Under One Roof

January 18th-20th, 2011, Boca Raton Resort, Florida

Reasons to be at GAIM USA this year 

THE INVESTORS – The allocators confirmed to take part at GAIM USA 2011
have discretion over $315bn and over $8tn under advisement.
(Source, Institute for International Research, 2010)

– THE INVESTOR SUMMIT – Hear the key challenges facing major
institutional investors at the 2nd Annual Investor Summit

–  EFFICIENT BUSINESS NETWORKING – 72 hours of highly efficient
networking in the exclusive surrounds of the Boca Raton Resort –
breakfasts,
lunches, dinners, cocktail receptions and one-on-one meetings are all
conveniently located so it’s easy to make the connections you need to make

–  UNRIVALED INSIGHT INTO THE INVESTMENT OPPORTUNITIES OF 2011 – The
hand-picked speaker faculty will reveal the best opportunities for
generating
alpha – investors come pen in hand!

–  Q1 2011 – Let the industry know that you are committed to doing
business in alternatives in 2011 and meet the investors looking to make
allocations at the start of the year

–  SENIORITY OF ATTENDEES – 75+% of GAIM USA Attendees in 2010 were at or
above managing director level

–  HIGH QUALITY CONTENT ON THE ISSUES THAT MATTER TO YOUR BUSINESS – The
speaker faculty delivers expert assessment of the market outlook,
challenges
facing the alternative investment industry and the best investment
opportunities
of the year ahead

–  500+ ATTENDEES – Every year over 500 senior decision makers have
attended GAIM USA – so you are guaranteed to be able to reconnect with
friends
and colleagues as well as make new connections and meet future business
partners

–  GET YOUR FUND ON INVESTORS’ RADAR – Over 8 hours and 3 unique
platforms to position your fund in front of influential investor judges and
GAIM
attendees

–  START NETWORKING BEFORE YOU GET TO THE EVENT – Managers and investors
will have access to the online networking platform, GAIM Connect, before
the
event starts to set up meetings

For more information and to see the full program and speaker faculty,
please visit  http://www.gaimusa.com

Opalesque subscribers, register before September 10th you will save up to
$800!

Mention code XU2630OPAL

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Administrative Options

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