Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Sukuk Main GCC Financing Tool: Al-Menaie  Join our daily free Newsletter

MENAFN - Arab Times - 11/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) KFH Investment that is a Kuwait Finance House (KFH) subsidiary, Board Member Emad Al-Menaie stated that Sukuk play a pivotal role in financing infrastructure projects in the gulf region, and are considered to be the Islamic equivalent of bonds. He added that Sukuk are highly demanded after they have proven to be effective by governments, companies, and authorities in various countries. He expected the demand for Sukuk in the GCC to increase during the coming period



Al-Menaie explained during a meeting with a group of students and high studies researchers from Portland University, that improving the business environment and the launching of the development plan projects, will allow those projects to take advantage of those projects. He asserted that the Sukuk market has been growing year after year, and revealed that Asia and Europe possess large shares of total Sukuk issuance worldwide, in addition to the fact that the GCC depends more on Sukuk as a financing tool



Moreover, Al-Menaie described to the visiting delegation KFH's successful experience, and the principles of Islamic banking in various fields of business. He stressed that Islamic banking has become an important sector in the global economy in light of the high acceptance in dealing with Islamic services and products. He went on to say that Islamic banking plays a prominent role in the development of markets; especially that Islamic banking tools include Murabaha, Ijara, Sukuk, Istisnaa, and others. He added that Muslims and non-Muslims use those tools in regional and global markets. He said that Islamic financial institutions should shoulder their role in explaining the concepts of those tools for those working in the banking field

 


Arab Times




  MENA News Headlines
 Jul 2 2015 - Ministry launches app to help Qataris in foreign countriesGulf Times
(MENAFN - Gulf Times) The Foreign Ministry launched the second version of its smartphone application under the name "Foreign Ministry - Qatar" which was developed to be a means of communication with ...

 Jul 2 2015 - Education 'system in GCC lacks skills training for jobs'Gulf Times
(MENAFN - Gulf Times) A majority (53%) of employers view lack of work experience as affecting nationals' employability, with only 30% of GCC (Gulf Co-operation Council) students having taken any work ...

 Jul 2 2015 - AIIB to play vital role in Asian infrastructure sector: QatarThe Peninsula
(MENAFN - The Peninsula) The Asian Infrastructure Investment Bank (AIIB) is expected to play a vital role in providing the investment needed to develop the infrastructure for hundreds of millions in ...

 Jul 2 2015 - Syrian Kurds Militia again control town of Tel AbyadThe Peninsula
(MENAFN - The Peninsula) A Syrian Kurdish militia said on Wednesday it had recovered full control of the border town ofTel Abyad after defeating Islamic State fighters who had raided it the day ...

 Jul 2 2015 - Qatar- Population declines in JuneGulf Times
(MENAFN - Gulf Times) There was a fall in Qatar's population in June, according to a Ministry of Development Planning and Statistics report.Against the all-time high of 2,374,860 recorded on May 31, ...

 Jul 2 2015 - Egypt army says 10 soldiers killed, woundedThe Peninsula
(MENAFN - The Peninsula) The Egyptian army said on Wednesday 10 soldiers had been killed and wounded in North Sinai after suspected militants attacked five checkpoints in therestive area.The army ...

 Jul 2 2015 - Qatar- WISH webinar focuses on application of CANDOR processGulf Times
(MENAFN - Gulf Times) The World Innovation Summit for Health (WISH), a global initiative of Qatar Foundation, in partnership with Imperial College London, held its third event in the leading health ...

 Jul 2 2015 - Lebanese army says kills five militants in Arsal (Syrian border)The Peninsula
(MENAFN - The Peninsula) The Lebanese Army killed five militants in northeastern border town of Arsal, while they were attempting to sneak between Arsal and its outskirts, the Army said in a ...

 Jul 2 2015 - Qatar- Cabinet briefed on ministries' plansGulf Times
(MENAFN - Gulf Times) HE the Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani chaired the Cabinet's regular meeting at the Emiri Diwan yesterday. The Cabinet considered the topics on ...

 Jul 2 2015 - At least 30 dead in Egypt's North Sinai attacks - medical, security sourcesThe Peninsula
(MENAFN - The Peninsula) At least 30 people were killed when Islamist militants attacked several checkpoints in Egypt's North Sinai on Wednesday, security and medical sources said, in one of the ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help