By A. Stephanie
In a four-part issue, KINIBIZ delves into Islamic finance and looks at the emergence of Dubai, which aims to challenge Kuala Lumpur’s dominance of the global sukuk market. Then we move on to the long process of harmonising Syariah standards, which is still ongoing after nearly two decades. Can the US$1.66 trillion Islamic finance market be wed to the massive halal market valued at US$2 trillion globally? We look at what needs to be overcome to accomplish this before examining how Islamic trust funds can be made to shine again.
Issues
#1
Malaysia will soon have Dubai snapping at its heels, having overtaken London in sukuk listings by end-2014. Islamic bonds, or sukuks, accounted for only 17% of the world’s Islamic finance assets ...
#2
Almost two decades after the Shariah Advisory Councils were established to advise the SC and BNM, harmonisation of Syariah standards continues to pose a challenge to the expansion of Islamic ...
#3
Despite the global halal market’s massive US$2 trillion size, few efforts have been made to marry it to the US$1.66 trillion Islamic finance market – until now. An e-commerce marketplace touted ...
#4
For centuries, trust funds served varied purposes from spendthrift protection to estate planning. Its Islamic counterpart waqf, however, is only used for charitable purposes. Despite moves ...
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