Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- QInvest to host Islamic finance seminar with LSE  Join our daily free Newsletter

MENAFN - The Peninsula - 14/05/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - The Peninsula) QInvest, Qatar's leading investment bank and one of the most prominent Islamic financial institutions in the world, will be hosting an 'Islamic Finance Seminar' in London in partnership with London Stock Exchange (LSE) on May 16 to discuss challenges and opportunities related to Shariah-compliant finance, including raising capital through Islamic bonds called sukuk.

Speakers and panelists confirmed for this event include Alexander Armstrong, Head of Financial Institutions & Structured Finance at QInvest; Hani Ibrahim, Head of Debt Capital Markets at QInvest; Stella Cox, Managing Director at DDGI Ltd; and Debashis Dey, Partner at Clifford Chance.

Pietro Poletto, Head of Fixed Income Markets, LSE Group, said: "LSE is a key global venue for the issuance of sukuk. It is the leading western centre for Islamic Finance and is at the forefront of key developments in Europe. To date, over 38bn has been raised through 53 issues of these alternative finance investment bonds on our markets. London's position in the Islamic Finance world is strengthened by the support of the UK government, most notably by its recent announcement to issue a UK government sukuk which aims to raise 200m (320m). Participation in alternative investment financing is steadily growing in the UK and LSE is well placed to be the centre of western Islamic Finance."

Ibrahim of QInvest added: "The sukuk market is building strong growth momentum and demand continues to outstrip supply due to the continued growth in Islamic banking and financial assets. 2013 was a strong year for QInvest and saw us advising on 3.5bn of sukuk transactions. As issuers are increasingly looking for ways to diversify their funding, we expect another busy year in 2014, with increased activity from outside of the Mena region including the UK and Europe."

Armstrong said: "The move by London to position itself as a global Islamic finance hub has provided an immense boost to the sukuk industry. It has acted as a catalyst for developing a legislative and regulatory environment conducive for Islamic bonds, thereby encouraging more activity from issuers."

The sukuk market has experienced extremely rapid growth in recent years. The total value of sukuk issuance over a 20-year period up to 2010 amounted to 201.6bn whilst the value of sukuk issuance in the last three years (2011-2013) has exceeded 336bn.

The LSE is a key global venue for the listing of sukuk. It is the leading western centre for Islamic finance and is at the forefront of key developments in Europe. In 2013, the UK government reinforced its intentions to become the global centre for Islamic Finance by announcing the future issue of a UK government Sukuk which aims to raise 200m.


The Peninsula

  MENA News Headlines
 Oct 7 2015 - Major Omani firms set to log net earnings drop in 9MMENAFN
(MENAFN) Major Omani firms are predicted to post a drop in their net earnings, however, revenues will grow slightly for the first three quarter of this year compared to a year earlier.Net earnings of ...

 Oct 7 2015 - Four Emirati servicemen killed in suicide bombings in YemenThe Arabian Post
(MENAFN - The Arabian Post) The four Emirati soldiers killed in Yemen on Tuesday have been brought home to full ceremony.The General Command of the Armed Forces announced that the soldiers died in ...

 Oct 7 2015 - International aid to Syrians 'utterly inadequate': OxfamJordan News Agency
(MENAFN - Jordan News Agency) Global efforts to help Syrians both inside and outside their war-torn country have proved "utterly inadequate", international aid group Oxfam Wednesday said in a newly ...

 Oct 7 2015 - Israeli forces arrest 40 Palestinians in West BankJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation forces on Wednesday arrested 40 Palestinians from various parts of the occupied West Bank including Jerusalem, according to a statement by the ...

 Oct 7 2015 - Jeddah's hotel revenues report weak results in AugustMENAFN
(MENAFN) Four and five star hotels in Dubai reported weakening performance levels in August, with revenue per available room (RevPAR) declining 10.1 percent to USD147.45 for the month. Due to a ...

 Oct 7 2015 - Jewish settlers storm Al Aqsa MosqueJordan News Agency
(MENAFN - Jordan News Agency) Groups of Jewish settlers continued to storm Al Aqsa Mosque on Wednesday via Bab Al Magharbeh Gate under the protection of Israeli army and police.The Islamic Awqaf ...

 Oct 7 2015 - Canada rejects assaulting Muslim women wearing niqabJordan News Agency
(MENAFN - Jordan News Agency) Canada's Prime Minister Stephen Harper Wednesday stressed that his government rejected the latest attacks on Muslim women in Canada because of wearing the niqab.The ...

 Oct 7 2015 - Two Palestinians injured by Israeli forces in BethlehemJordan News Agency
(MENAFN - Jordan News Agency) A Palestinian young man on Wednesday, was injured during violent clashes with Israeli occupation forces and settlers east of the West Bank city of Bethlehem.The ...

 Oct 7 2015 - MWL Secretary General Meets Sudanese Minister of Guidance and EndowmentsQatar News Agency
(MENAFN - Qatar News Agency) Secretary General of the Muslim World League (MWL) Dr. Abdullah bin Abdulmohsen Al-Turki met here today with Sudan's Minister of Guidance and Endowments, Al-Fatih Taj ...

 Oct 7 2015 - Tunisian President Meets Members of Arab Parliament BureauQatar News Agency
(MENAFN - Qatar News Agency) Tunisian president Beji Caid Essebsi met here today with members of Arab Parliament Bureau, who are visiting Tunisia to take part in the fourth session of the Arab ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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