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
 Jan 30 2015 - test from diaaAdvanced Currecy Markets [ACM]
(MENAFN - Advanced Currecy Markets [ACM]) ...

 Jan 29 2015 - HH the Emir Receives Phone Call from Ban Ki-moonQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani on Thursday received a phone call from the United Nations Secretary-General, Ban Ki-moon, during which he thanked HH the Emir on the ...

 Jan 29 2015 - Consumer spends on pharma products to increase to Dh5.03b by 2020Khaleej Times
(MENAFN - Khaleej Times) Dubai € Consumer expenditure on pharmaceutical products, medical appliances and equipment in the UAE has experienced a strong increase and is forecast to be valued around ...

 Jan 29 2015 - UAE- Time to put cyber security on top priorityKhaleej Times
(MENAFN - Khaleej Times) Kaspersky lab solutions block millions of attacks across the globe, which clearly indicates that cyber criminals are smart, but not smarter than security providers.This was ...

 Jan 29 2015 - Indian business council honours Emirati businessmenKhaleej Times
(MENAFN - Khaleej Times) Dubai - The Indian Business and Professional Council (IBPC) hosted a reception on the occasion of the 66th Republic Day of India at the Oberoi Hotel, Business Bay, on Sunday. ...

 Jan 29 2015 - UAE, Canada discuss ways to boost tradeKhaleej Times
(MENAFN - Khaleej Times) Abu Dhabi - Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade, received a Canadian delegation led by Martin Zablocki, CEO of the Canadian ...

 Jan 29 2015 - Emirates NBD facilitates Stanbic in $85 million loan facilityKhaleej Times
(MENAFN - Khaleej Times) Al Ahli Bank of Kuwait and Standard Chartered Bank joined the transaction as mandated lead arrangers while Al Khalij Commercial Bank and The Commercial Bank of Qatar ...

 Jan 29 2015 - NBAD profit jumps 28% in 2014Khaleej Times
(MENAFN - Khaleej Times) Abu Dhabi - A strong growth in incomes from interest and non-interest based revenues bolstered the National Bank of Abu Dhabi (NBAD) profits to Dh1.372 billion in the quarter ...

 Jan 29 2015 - UAE pharma spend to hit Dh5 billion by 2020Khaleej Times
(MENAFN - Khaleej Times) It is also forecasted to increase at a compound annual growth rate (CAGR) of about 9.78 per cent from 2014 to 2020 as, by then, the value of consumer expenditure on ...

 Jan 29 2015 - Parents happy with children's educationKhaleej Times
(MENAFN - Khaleej Times) Abu Dhabi: A survey by the Abu Dhabi Education Council (Adec) has revealed that parents across the emirate are satisfied with their children's schools. The education ...

more...


 






Google

Electronic & Mobile Payment

 
 

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