---------- Forwarded message ---------- 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
Sponsored by <http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=1&e=2&x=2456800.0><http://%20kfh%20group%20main%20logo><http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=2&e=2&x=2456800.0>[image: KFH]<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=2&e=2&x=2456800.0> [image: Thomson Reuters]<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=3&e=2&x=2456800.0> [image: Middle East Business News � Connecting intelligence with intelligence]<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=4&e=2&x=2456800.0><http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=5&e=2&x=2456800.0> <http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=6&e=2&x=2456800.0> *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> <http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=20&e=2&x=2456800.0>[image: Kuveyt Turk]<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=21&e=2&x=2456800.0> [image: Saudi Kuwaiti Finance House]<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=22&e=2&x=2456800.0> [image: KFH Bahrain]<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=23&e=2&x=2456800.0> [image: KFH Malaysia]<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=24&e=2&x=2456800.0> [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 hope<http://content.emails.thomsonreuters.biz/emessageIRS/servlet/IRSL?v=5&a=10111&r=39364&m=3691&l=25&e=2&x=2456800.0> 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> To subscribe to the Community & Briefings. 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