Opalesque Islamic Finance Briefing 05. Nov 2010

To view an online version of this newsletter, please click: http://www.opalesque.com/IFB9880/Newsletter_11052010.html

News
– Islamic banks still struggling to make inroads in Lebanese market
– Islamic banking industry shows rich potential
– Islamic banking back on track
– Islamic banking – time to act!
– Islamic banks increasingly outsourcing Shariah supervision
– International Bank of Azerbaijan plans to launch Islamic Banking service in 2011
– TuranBank fastens process of ‘Islamic Banking Window’ use
– ITFC funds a credit line of $1.3 mln for Azerbaijan’s TuranBank
– End to Sukuk freeze spurs Pakistan fund buying
– Sudan, Albaraka, IDB, Pakistan plan sales: Islamic bond alert
– Rizwan Kanji, debt and sukuk specialist, joining King and Spalding
– Sukuks making strong comeback
– Islamic finance turns to women scholars
– Tamweel offers select clients 80pct mortgages

Featured Services

– 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
– Hedge Fund Regulation 2010, 22 November 2010, London
– How to Navigate a Prime Brokerage Agreement (workshop), 23 November 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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Islamic banks still struggling to make inroads in Lebanese market

From  Dilystar.com.lb:  The Central Bank’s first vice governor, Raed
Charafeddine, said Thursday that Islamic banks should have played a more
active role in raising public awareness in Lebanon on the benefits of this
industry as its assets represent less than 1 percent ($251 million) of the
total assets of Lebanese conventional banks. (more…)

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Islamic banking industry shows rich potential

From  Kaleejtimes.com:  The Islamic banking industry in the GCC is
expected, in general, to remain strong moving forward, growing by 15 to 20
percent year-on-year in 2010, according to a banking and finance expert.
(more…)

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Islamic banking back on track

From  Aiasentinel.com:  Despite debt problems in Dubai and Kuwait, the
Islamic bond market resumes growth. A year after Dubai’s monster debt
problems sent shockwaves though the sukuk (Islamic bond) world, sukuks are
thriving again and with them Malaysia’s role as the center of gravity of
international  Islamic finance. (more…)

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Islamic banking – time to act!

From  Bi-me.com:  The global financial crisis has put an end to the heydays
of growth in the banking sector and the current market outlook suggests
that these days are not returning quickly. Islamic banks, which
traditionally grew faster than their conventional peers, are also affected.
(more…)

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Islamic banks increasingly outsourcing Shariah supervision

From  Thepeninsulaqatar.com:  Bankers in Islamic finance are increasingly
outsourcing Shariah supervision due to a lack of scholars in the industry,
but critics say this is making the sector even less transparent and slowing
its development. (more…)

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International Bank of Azerbaijan plans to launch Islamic Banking service in
2011

From  Abc.az:  International Bank of Azerbaijan proceeds introduction of
Islamic Banking services. “The project on introduction of Islamic banking
products and services in IBA’s activities is being realized successfully.
Up to date, the IBA management adopted a concept including introduction and
development of Islamic banking in the Bank.  (more…)

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TuranBank fastens process of ‘Islamic Banking Window’ use

From  Abc.az:  Following the module of the “universal banking”,
Azerbaijan’s TuranBank also one of few banks in the country implementing
elements of corporate finance for Sharia principles. (more…)

—————————————————————————–

ITFC funds a credit line of $1.3 mln for Azerbaijan’s TuranBank

From  Abc.az:  International Islamic Trade Finance Corporation (ITFC,
Islamic Development Bank Group) a credit line for Azerbaijan’s TuranBank
for support of trading operations in non-oil sector, including the private
sector, which serves as the development of small and medium businesses.
(more…)

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End to Sukuk freeze spurs Pakistan fund buying

From Bloomberg: Pakistan’s largest Shariah funds plan to bid for the 80
billion rupees ($934 million) of Islamic debt the government will offer in
coming weeks after a 14-month suspension of sales. (more…)

—————————————————————————–

Sudan, Albaraka, IDB, Pakistan plan sales: Islamic bond alert

From  Bloomberg: The following borrowers are expected to sell Islamic
bonds, which use asset returns to pay investors to comply with the
religion’s ban on interest. (more…)

—————————————————————————–

Rizwan Kanji, debt and sukuk specialist, joining King and Spalding

From  Ameinfo.com:  Rizwan Kanji, a leading debt capital markets
practitioner, is joining King & Spalding as a partner in its Dubai office.
Kanji will have a leading role in King & Spalding’s debt capital markets
and sukuk practice.  (more…)

—————————————————————————–

Sukuks making strong comeback

From  Gulfnews.com:  Global Islamic bond (sukuk) issuance hit Dh144 billion
($39 billion) in the first ten months of the year with total issuance in
October alone surpassing $5.3 billion, according to the latest data from
Zawya’s sukuk database. (more…)

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Islamic finance turns to women scholars

From  Maktoob.com:  When Malaysian Aida Othman signed up for the new law
programme at the Islamic university, she did not expect to become one the
few women with their hands on the levers of the world’s $1 trillion Islamic
finance sector. (more…)

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Tamweel offers select clients 80pct mortgages

From  Thenational.ae:  Two years ago, Tamweel, the Islamic mortgage
company, announced that it would be closing up shop. With average property
prices in Dubai falling by more than 50 per cent from their peak in 2008,
the company was a casualty of the financial crisis. (more…)

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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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Hedge Fund Regulation 2010, 22 November 2010, London

The 2nd annual Hedge Fund Regulation explores the legislative, legal,
regulatory
and compliance developments affecting hedge funds. An expert panel will
delve
into related matters such as the Credit Crisis, its causes and the role of
hedge
funds and prime brokers. Representatives from major regulatory and
political
authorities will engage in an open dialogue on this critical and timely
topic.

www.investoregulation.com/hfr.html

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How to Navigate a Prime Brokerage Agreement (workshop), 23 November 2010,
London

This unique one day workshop explores prime brokerage agreements. It helps
you
understand how hedge funds obtain the capital they need to trade, hedge
their
portfolios and deliver absolute returns. It explores how prime brokers
operate,
during each phase of a hedge fund’s life. It explains how to navigate the
intricacies of provisions such as collateral, charges, margin requirements,

events of default, remedies and funding. It also explores what happens when

something goes wrong: reorganisation, litigation and insolvency. It
concludes
with a discussion of ancillary documents such as ISDAs and GMSLAs.

www.investoregulation.com/pba.html

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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

Boca Raton Resort, FL

Mention code XU2630PAL to save 10% off standard registration rates

Top 10 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  www.gaimusa.com