Islamic Finance Briefing 10. Nov 2010

– Islam-compliant REIT targets $541 mln IPO
– Dubai’s revival raises questions about Islamic finance
– Malaysian Sukuk beat bills on record inflows
– Senegal eyes first sukuk as Africa looks to Islamic finance
– Jordan finalizes $750mln bond issue
– State bank delays first Thai Islamic bond again
– Islamic Bank Of Thailand to launch Islamic property fund in December
– Shariah funds do well in mildly bearish times
– GCC equity funds bounce back along with market
– Takaful Malaysia waives assessment fee for properties damaged in floods
– Commercial Bank of Dubai to see increase in profit
– Islamic banking and finance: Why the global down turn was good for the ector

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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Islam-compliant REIT targets $541 mln IPO

From  WSJ:  Sabana Shari’ah Compliant Industrial Real Estate Investment
Trust, or Sabana REIT, filed a prospectus with Singapore’s central bank for
an initial public offering intended to raise as much as 696.1 million
Singapore dollars (about $541 million), in what could be the island
nation’s first Shariah-complaint listing as it seeks to grab a larger share
of the Islamic finance market. (more…)

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Dubai’s revival raises questions about Islamic finance

From  Dailyfinance.com:  Under Shariah, or traditional Islamic law,
charging interest on a loan is taboo, but Muslim businessmen have created
sukuk, which are financial instruments that can enable a return on
principal. Less than a year ago, during the worst days of Dubai’s financial
crisis, it seemed likely that lawyers would turn Dubai into a laboratory
for thrashing out the consequences of defaulting sukuk.  (more…)

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Malaysian Sukuk beat bills on record inflows

From Bloomberg: Investors are favoring Malaysia’s Islamic bonds over
shorter-term bills as overseas funds increase holdings in the world’s
biggest sukuk market, showing confidence that the central bank is curbing
inflation. (more…)

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Senegal eyes first sukuk as Africa looks to Islamic finance

From Reuters: Senegal is the latest African nation looking to tap the
growing Islamic finance market by issuing its first sovereign Islamic bond
in 2011, three sources familiar with the matter, including an official at
Senegal’s Ministry of Finance, said. (more…)

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Jordan finalizes $750mln bond issue

From  Arabnews.com:  The Jordanian government has finalized the issuance of
750 million dollars of five-year bonds, Finance Minister Mohammad Abu
Hammour announced Tuesday. The bonds, which had been sold to about 220
international investors, carried a fixed annual interest rate of 3.875
percent, which would be paid every six months. (more…)

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State bank delays first Thai Islamic bond again

From Reuters: State-owned Islamic Bank of Thailand has again delayed plans
to issue the country’s first Islamic bond, but it could come in the first
half of 2011 if market conditions are favourable, its president said on
Tuesday. (more…)

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Islamic Bank Of Thailand to launch Islamic property fund in December

From Dow Jones:  The Islamic Bank of Thailand expects to launch Thailand’s
first Islamic property fund in December, the bank’s President Theerasak
Suwannayos said Tuesday. (more…)

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Shariah funds do well in mildly bearish times

From  Dnaindia.com:  Shariah-compliant mutual funds are probably not the
best performers in a bullish market of current times, where the rally is
primarily driven by banking stocks. But in a slightly bearish market these
funds give decent returns. (more…)

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GCC equity funds bounce back along with market

From  Zawya.com:  In a recently published quarterly report by Kuwait
Financial Centre “Markaz”, which aims to analyze the performance of over
150 equity funds across the region, GCC markets were positive in the third
quarter as all markets saw gains following a lackluster summer and slow
Ramadan month; the Dubai World debt issue was resolved with the bulk of
creditors coming on board for the restructuring. (more…)

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Takaful Malaysia waives assessment fee for properties damaged in floods

From Bernama: Kumpulan Takaful Malaysia on Tuesday announced that it will
waive the fee for assessing damage to properties in the floods in northern
states. (more…)

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Commercial Bank of Dubai to see increase in profit

From  Ameinfo.com:  Peter Baltussen, chief executive of the Commercial Bank
of Dubai has said the lender is expected to post an increase in full-year
net profit, as it grows its Islamic finance business. (more…)

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Islamic banking and finance: Why the global down turn was good for the
ector

From  Jdsupra.com:  The global down turn it could be argued came as a
blessing in disguise for the Islamic banking and finance sector (IBF). But
may not for reason you might think. (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