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From: Islamic Finance Gateway <islamic.fina...@emails.thomsonreuters.biz>
Date: Thu, Feb 20, 2014 at 7:07 AM
Subject: IFG DAILY - Saudi Arabia, Malaysia exchanges to boost Islamic
finance ties
To: kanta...@gmail.com


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*Thursday, February 20, 2014*

*5 Days until the launch of the new Islamic Finance Gateway Community
Portal *

*IFG VIEWPOINT*The International Islamic Liquidity Management Corporation
is set to return to the sukuk
market<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=7&e=2&x=2456800.0>by
the end of the month to roll over one of its $490 million outstanding
3-month tenor sukuk.  This IILM sukuk will not increase the amount
outstanding from the $1.35 billion that resulted from a $860 million
offering in January.  The current sukuk program is for $2 billion providing
the IILM with the ability to add another $650 million in outstanding sukuk.
 It would be a sign of progress if a sukuk of this size was offered in
March, to ensure regular (monthly) sukuk issuance.  The next step, of
course, would be to increase the total program size to allow the IILM to
vary tenors and currencies.  Neither are likely to happen until the IILM
sees some traction in trading of outstanding sukuk, something that is
lacking thus far.


*TOP STORIES**Saudi Arabia, Malaysia exchanges to boost Islamic finance
ties
<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=8&e=2&x=2456800.0>*
The stock exchanges of Saudi Arabia and Malaysia have signed an agreement
to foster closer ties between the two bourses with a focus on Islamic
finance, part of broader efforts to increase cross-border activity in the
industry. - RTRS

*Brunei to introduce new takaful guidelines by June
<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=9&e=2&x=2456800.0>*
Brunei will introduce new guidelines for its Islamic insurance (takaful)
sector by June, in order to standardise the way agents are managed by
firms. The guidelines will regulate commission rates payable to agents and
the qualifications required for them to sell takaful products, Osman Jair,
chairman of industry body Brunei Insurance & Takaful Association (BITA),
said in an interview. –RTRS


*MARKETS OVERVIEW*-Dubai agrees roll-over of $10 bln crisis debt to UAE
–sources - 
RTRS<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=10&e=2&x=2456800.0>
- MIDEAST WEEKAHEAD-Secretive companies puzzle investors as Gulf bourses
grow - 
RTRS<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=11&e=2&x=2456800.0>
-MIDEAST MONEY-Tenants become investors as Abu Dhabi engineers property
rebound - 
RTRS<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=12&e=2&x=2456800.0>
- Investor Mark Mobius says emerging market rout is bottoming out -
RTRS<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=13&e=2&x=2456800.0>
- Currency pegs look shaky after emerging market rout -
RTRS<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=14&e=2&x=2456800.0>
-Libya Seeks More Cooperation With Malaysia In Islamic Banking -
Bernama<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=15&e=2&x=2456800.0>
- Courting UAE investment, Lord Mayor of London talks up sukuk – The
National<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=16&e=2&x=2456800.0>


* SUKUK*-SAUDI BANK NCB PRICES $1.33 BLN SUKUK – RTRS*
-MALAYSIA'S RHB ISLAMIC TO ISSUE $303 MLN BASEL-III COMPLIANT SUKUK – RTRS*
- UPDATE: 1MDB finalises terms on ringgit sukuk – IFR*


*EARNINGS WATCH*- INDONESIA PRESS-Sharia banks 2013 net profit up 35 pct
y/y-Investor Daily -
RTRS<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=17&e=2&x=2456800.0>
- Al Salam Bank Bahrain net profit up 20% - Gulf News – Zawya
Islamic<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=18&e=2&x=2456800.0>
- BAHRAIN'S AHLI UNITED BANK'S Q4 PROFIT RISES 8 PCT - RTRS*


*FOREIGN EXCHANGE*- The *Euro* was at $1.3746 after reaching a seven-week
high of $1.3773 against the greenback following the release of the Fed
minutes on Wednesday.

*- *The *USD/MYR* stabilised within 3.3000-3.3050 in early Asia after the
recovery strength seen in last few sessions was a tad choppy.

*MONEY MARKETS*
*Thomson Reuters Islamic Interbank Benchmark Rate (IIBR)* overnight rate
increased to 0.180 from 0.178 on Wednesday and the one week slighted
dropped to 0.224 from 0.226.The one month IIBR increased to 0.329 from
0.320, the two months to 0.393 from 0.374 and the three months rate to
0.467 from 0.446.
Full IIBR Historical Fixing Rates -EIKON*

*- GLOSSARY - Islamic finance definitions - RTRS


* WATCHLIST**-* StanChart Singapore head to join Bahrain-based Arab Banking
Corp - 
RTRS<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=19&e=2&x=2456800.0>

 
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[image: KFH 
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[image: KFH 
Research]<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=20&e=2&x=2456800.0>


*FIXED INCOME INDICES*Thomson Reuters Global Sukuk All Index  ↑ 0.04% to 111
Thomson Reuters Global Sukuk Investment Grade Index  ↑ 0.06% to 109


* EQUITY MARKETS*Thomson Reuters/IR Islamic Indices
GCC  ↓ 0.07% to 161
MENA  ↑ 0.05% to 145
AsiaPac ex Japan  ↑ 0.97% to 163
Global  ↑ 0.29% to 190
Technology  ↑ 0.30% to 203
Energy  ↑ 0.11% to 149
Healthcare  ↑ 0.25% to 220
ThomsonReuters/IR Full Islamic Indices Display*

MENA
DFMGI  ↓ 0.44% to 4047
ADI  ↓ 0.06% to 4868
TASI  ↑ 0.60% to 8913
KWSE  ↑ 0.05% to 7861
EGX30  ↑ 0.97% to 7571
QSI  ↑ 0.80% to 11453
MENA Full Indices Display*

Asia
TOPX  ↑ 1.27% to 1220
N225  ↑ 0.56% to 14800
KLSE   ↑ 0.08% to 1826
JKSE   ↑ 0.58% to 4496
SGXLSI  ↑ 0.59% to 6.790
KSE  ↑ 1.66% to 26677
Asia Full Indices Display*

US and Europe
FCHI  ↑ 0.52% to 4306
FTSE  ↑ 0.04% to 6675
GDAXI  ↑ 0.65% to 9540
DJI  ↓ 0.19% to 15964
SPX  ↓ 0.03% to 1819
Americas and Europe Full Indices Display*

* QUICK LINKS*
Thomson Reuters Islamic Finance
Islamic Interbank Benchmark Rate
IFG Briefing Portal


*PREVIOUS TOP STORIES*Gulf ties could aid Islamic finance in Italy,
supporters 
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Islamic Development Bank picks banks for potential
sukuk<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=26&e=2&x=2456800.0>

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