Portfolio Update - March 2011
|
|
- Cecil Boyd
- 5 years ago
- Views:
Transcription
1 Portfolio Update - March 2011
2 Asian Finance Bank Berhad Asian Finance Bank Berhad (AFB or the Bank) commenced operations in 2007 in Kuala Lumpur, Malaysia. AFB is one of the three foreign Islamic banks that have been granted a license by the Central Bank of Malaysia to undertake Islamic banking business. AFB offers Shair ah compliant products covering consumer, commercial (including SME and trade finance), corporate, treasury and investment banking services. The Bank has a presence in Malaysia and a representative office in Indonesia. GMFA s stake diluted in January 2011 from 10% to 8% due to non-participation in a rights issue. Investment Date: July 2008 Company Website : USD '000 Operating Income Net Profit , , , ,735 (10,963) 124, ,909
3 BMI Bank BSC BMI Bank BMI Bank BSCI(previously Bank Muscat International) (BMI or the Bank) was established in 2005 in the Kingdom of Bahrain. BMI operates under licenses issued by the Bahrain Monetary Agency and is engaged in commercial banking activities through its eight branches in Bahrain. BMI also operates an Offshore Bank in the Seychelles, a branch in Qatar and has a 21.33% shareholding in Gulf African Bank in Kenya. BMI currently offers a wide range of financial solutions including retail banking, SME banking, corporate banking, private banking, global trade services international business development, financial institutions and correspondent banking, Islamic financial services and treasury services. BMI also owns the Diners Club Services Bahrain W.L.L and operates the Diners Club cards franchise in Bahrain, Syria and Yemen. GMFA has a 10% stake in the Bank. Investment Date : July 2008 Company Website : USD '000 Net Interest Income Net Profit ,466 (44,941) 298,771 1,786, ,491 (70,632) 230,357 1,574,672
4 The Industrial Bank of Kuwait K.S.C The Indusial Bank of Kuwait K.S.C (IBK or the Bank) was established in 1973 by Government of Kuwait with the initiative of supporting industrial projects in Kuwait. The Bank offers conventional as well as Islamic banking products such as an industrial and trade finance, corporate banking and portfolio management services. GMFA has a 2.5% stake in the Bank. Investment Date: July 2008 Company Website: USD '000 Net Interest Income Net Profit ,050 34, ,051 2,073, ,268 10, ,966 2,196,202
5 Al Manar Leasing and Financing Company KSCC Al Manar Leasing and Financing Company (Al Manar or the Company) is Kuwait based Islamic financial institution. It was established in November Al Manar provides Shari'ah compliant financial products and services across variety of sectors, including consumer, real estate and fleet financing. The Company operates through four branches in Kuwait and currently has over 12,000 customers with a lending portfolio of over $155 million as of end of GMFA ha s a 13.70% stake in Al Manar. Investment Date: July 2008 Company Website : USD '000 Revenues Net Profit ,555 (13,613) 117, , ,258 2, , ,207
6 Al-Soor Financing and Leasing Company KSCC Al-Soor Financing and Leasing Company KSCC (Al-Soor or the Company) is a closed Kuwaiti shareholding company. It was established in July 2005 under the regulatory guidance set by the Central Bank of Kuwait. Al-Soor operates in the financing industry offering a range of services in consumer finance, trade finance, and supplementary home improvement finance. The company has plans to enter attractive and fast growing Islamic financing market through one of its subsidiaries. GMFA has a 12.4% stake in the Company. Investment Date: July 2008 Company Website : (under construction) USD '000 Revenues Net Profit ,090 18, , , ,974 14, , ,438
7 Bindar Trading and Investment Company Bindar Trading and Investment Company (BTIC or the Company) is a Jordan based Islamic consumer finance company. BTIC was established in 2000 and was listed on the Amman Stock Exchange in BTIC s primary area of activity is financing the purchase of vehicles, durable assets and real estate. The company also offers car rentals and also operates a car showroom. GMFA has a 69.60% stake in the Company. Bindar has made a disclosure to the Amman Stock Exchange that it is conducting a study to assess feasibility of a merger with Jordan Trade Facilities Company, a GMFA portfolio company. An external reputed agency has been engaged to conduct the feasibility study in three phases. Investment Date: July 2008 Company Website: USD ' Revenues 6,101 5,768 Net Profit 1,783 (345) 30,800 31,008 48,787 43,447
8 Jordan Trade Facilities Company PSC Jordan Trade Facilities Company (JTFC or the Company) was established in 1983 in Jordan and was listed on the Amman Stock Exchange in JTFC was one of the first companies to enter the consumer finance business in Jordan and provides financing for vehicles and durable assets. JTFC recently launched its cobranded MasterCard with International Cards Company (ICC), enabling its customers to enjoy a new range of services. In addition, JTFC has recently expanded its operations to include a leasing business named Ta ajeercom. JTFC has made a disclosure to the Amman Stock Exchange that it is conducting a study to assess feasibility of a merger with Bindar Trading & Investment Company, a GMFA portfolio company. An external reputed agency has been engaged to conduct the feasibility study in three phases. GMFA has a 87.27% stake in the Company. Investment Date: July 2008 Company Website: USD ' Revenues 5,538 5,589 Net Profit 370 2,016 25,627 27,849 42,190 41,713
9 Dar Al Tamleek Company SCJSC Dar Al Tamleek Company Dar Al Tamleek Company (DAT or the Company) is a Saudi based closed Joint Stock Company. The Company has authorized capital of SR 1 billion with 25% paid up capital as of 31 st December Its business activities mainly involve mortgage financing as per Islamic principle and is also authorized to trade in real estate, purchase and rent vehicles, ships, and civil aircrafts. GMFA has a 5% indirect stake in the Company. Investment Date: June 2009 Company Website: USD '000 Revenues Net Profit ,409 (6,335) 120, , ,078 6, , ,800
10 Gulf Takaful Insurance Company Gulf Takaful Insurance Company Company Background : Gulf Takaful Insurance Company (the Company or GTIC) is a closed Shariah compliant shareholding company, established in September 2004 with a share capital of KD15 million. The Company primarily focuses on providing Shariah compliant insurance services including life, motor, property and general accident insurance, re-insurance products and insurance appraisals. Gulf Takaful has the largest medical provider s network in Kuwait, which includes over 74 hospitals, clinics, pharmacies and labs. GMFA has an 18% stake in the Company Investment Date: July 2008 Company Website : USD'000 ( DEC ) Revenue Net Profit 2009 (4,781) (5,296) 49,616 52, (1,472) (1,981) 49,774 52,774
11 Al Fajer Retakaful Insurance Company KSCC Dar Al Tamleek Company Al Fajer Retakaful Insurance Company KSCC (Al Fajer Re or the Company) is the first Retakaful insurance company based in Kuwait and commenced its operations in April 2008, with a paid up capital of KD50 million ($175.1 million), and a license to operate reinsurance business for all kinds of takaful insurance (Islamic insurance). After establishing its base in Kuwait, the company is planning to further expand its operation in the wider MENA and Asian region with specific emphasis on new business lines such as life insurance. GMFA has a 20% stake in the Company. Investment Date: January 2010 Company Website: USD 000 FY 3/ M 2011 Revenue (4,305) 1,272 Net Profit (19,601) 1, , , , ,169
12 PTC India Financial Services Ltd PTC India Financial Services Ltd (PFS) is promoted by PTC India Ltd (PTC), a Government of India undertaking, as a special purpose investment vehicle to provide total financial services to the entities in energy value chain, which inter-alia includes investing in equity and/or extending debt to power projects in generation, transmission, distribution; fuel sources, fuel related infrastructure like gas pipelines, LNG terminals, ports, equipment manufacturers and EPC contractors etc. PFS also provides non-fund based financial services adding value to green field and brown field projects at various stages of growth and development. GMFA has acquired 3.68% equity interest as an anchor investor in the initial public offering of the company. Investment Date: March 2011 Year end : 31 st March USD '000 Revenues Net Profits ,890 5, , ,429 9M ,349 6, , ,841
13 27-Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar-11 P r i c e ( B a s e : 100) GMFA S&P GCC Large Cap Index 13
14 For more information please contact: Rajiv Nakani, CFA Managing Partner Global Capital Management Ltd. T: F: Global Capital Management Ltd., 100% subsidiary of Global Investment House KSCC Global Tower, Sharq, Al Shuhada a Street, Kuwait
Asian Finance Bank Berhad. Company Background:
Portfolio Update - December 2010 Asian Finance Bank Berhad Ai Asian Finance Bank Berhad (AFB or the Bank) commenced operations in 2007 in Kuala Lumpur, Ml Malaysia. AFB is oneof the three foreign Islamic
More informationPortfolio Update September 2012
Portfolio Update September 2012 Bindar Trading and Investment GMFA Stake: 69.60% Company Website: www.bindar-jo.com Bindar Trading and Investment ( Bindar ) is one of the largest consumer finance companies
More informationPortfolio Update June 2013
Portfolio Update June 2013 Bindar Trading and Investment GMFA Stake: 69.60% Company Website: www.bindar-jo.com Bindar Trading and Investment ( Bindar ) is one of the largest consumer finance companies
More informationManagement and Administration 2. Chairman s Report 3. Investment Manager s Report 5. Portfolio Update 8. Breakdown of Assets Portfolio 9
Contents Management and Administration 2 Chairman s Report 3 Investment Manager s Report 5 Portfolio Update 8 Breakdown of Assets Portfolio 9 Underlying Portfolio Companies 10 Directors Report 21 Independent
More informationManagement and Administration 2. Chairman s Report 3. Investment Manager s Report 5. Portfolio Update 8. Breakdown of Assets Portfolio 9
Contents Management and Administration 2 Chairman s Report 3 Investment Manager s Report 5 Portfolio Update 8 Breakdown of Assets Portfolio 9 Underlying Portfolio Companies 10 Directors Report 20 Independent
More informationGLOBAL MENA FINANCIAL ASSETS LIMITED
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. When considering what action you should take, you are recommended to seek your own financial advice from your stockbroker, bank manager,
More informationManagement and Administration 2. Chairman s Report 3. Investment Manager s Report 5. Portfolio Update 9. Breakdown of Assets Portfolio 10
Contents Management and Administration 2 Chairman s Report 3 Investment Manager s Report 5 Portfolio Update 9 Breakdown of Assets Portfolio 10 Underlying Portfolio Companies 11 Directors Report 23 Independent
More informationThe Investment Dar Company K.S.C. (Closed) and its subsidiaries State of Kuwait
The Investment Dar Company K.S.C. (Closed) State of Kuwait Interim Condensed Consolidated Financial Information For the Nine Months Ended with Independent Auditors Review Report The Investment Dar Company
More informationOpportunities for SMEs in the New Era of Islamic Financing
Opportunities for SMEs in the New Era of Islamic Financing ABAC Malaysia - SME Finance Forum Workshop on Innovative Financing for SMMEs InterContinental Kuala Lumpur, Malaysia May 2015 Ahmed Rostom Financial
More informationA Review of the Development of GCC Takaful Rating Fundamentals and Catalysts for Growth Over the Next Decade
10 th Anniversary The A Review of the Development of GCC Takaful Rating Fundamentals and Catalysts for Growth Over the Next Decade Mahesh Mistry Director - Analytics A.M. Best Europe Rating Services Ltd
More informationQatar National Bank (QNB)
Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Global Research Investment Update Equity Qatar Banking Sector 15 February, 2016 (QNB) Market Data Bloomberg Code:
More informationSukuk Issuance Trends
Sukuk Issuance Trends IIFM Seminar on Islamic Finance: Sukuk and Islamic Trade Finance Prospects and Challenges 5 th December 2016, ART Rotana Hotel, Amwaj Islands, Bahrain Ismail E. Dadabhoy Adviser IIFM
More informationInvestor Relations Presentation December 2012
Investor Relations Presentation December 2012 Contents 1. QNB at a Glance 2. QNB Comparative Positioning Qatar and MENA 3. Financial Highlights December 2012 4. Economic Overview 2 QNB at a Glance QNB
More informationSHUAA Capital DFM Roadshow Presentation
SHUAA Capital DFM Roadshow Presentation London, May 2007 Disclaimer This document is produced for informational purposes only. The information contained herein must not be reproduced in whole or in part
More informationInvestor Presentation. June 2018
Investor Presentation June 2018 Contents Bank Muscat Introduction Operating environment Bank Muscat business - Overview Financial Performance Annexure Note: The financial information is updated as of 30
More informationMezzan Holding Company KSCC (Mezzan)
Jun-15 Jul-15 Aug-15 Sep-15 Global Research Investment Update Equity Kuwait Food Sector 20 September, 2015 Mezzan Holding Company KSCC (Mezzan) Market Data Bloomberg Code: MEZZAN KK Reuters Code: MEZZ.KW
More informationVAT IN UAE GENERAL UNDERSTANDING.
VAT IN UAE GENERAL UNDERSTANDING Introduction of VAT Value Added Tax (VAT) is an indirect tax on consumption. It applies to most goods and services. VAT is levied on business transactions, i.e. on goods
More informationCustomized Indices and Exchange Traded Islamic Financial Products Task Force
Customized Indices and Exchange Traded Islamic Financial Products Task Force September 27th, 2012, Istanbul Şenay Pehlivanoğlu, İstanbul Borsası, Assistant Director Task Force Members Coordinator: Istanbul
More informationThis presentation is not an offer or invitation to subscribe for or purchase any securities.
Disclaimer This presentation is not an offer or invitation to subscribe for or purchase any securities. No warranty is given as to the accuracy or completeness of the information in this presentation.
More informationJune 2008 IFA. Group Performance Analysis
June 2008 IFA Group Performance Analysis Objective To analyze the performance by identifying constituents amongst the group, relative performance with market (KSE), volatility and other sensitivity analysis
More informationGulf Insurance Company Investor Presentation
Gulf Insurance Company Investor Presentation 27.06.05 Disclaimer The information contained in this presentation is not an invitation to invest in GIC s shares or any other products or services. This presentation
More informationIFN Oman Forum, Mar 7 th 2017
Fundamental & Essence of Takaful Tabrez Farooquee Head of Bancatakaful & Marketing Takaful Oman Insurance SAOG 92876789 IFN Oman Forum, Mar 7 th 2017 Agenda Introduction & Evolution of Takaful Takaful
More informationOIC Member States Stock Exchanges Forum 3rd Working Committee Meeting April , Abu Dhabi
OIC Member States Stock Exchanges Forum 3rd Working Committee Meeting April 26-28 2010, Abu Dhabi Şenay PEHLİVANOĞLU Istanbul Stock Exchange (ISE) Assistant Director Coordinator: Istanbul Stock Exchange,
More informationAl Salam Bank-Bahrain B.S.C.
INTERIM CONDENSED CONSOLIDATED FINANCIAL INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION (reviewed) (Reviewed) (Audited) 31 March 31 December Note ASSETS Cash and balances with banks and Central
More informationThe Islamic Corporation for the Insurance of Investment and Export Credit. ICIEC is a member of the Islamic Development Bank Group.
The Islamic Corporation for the Insurance of Investment and Export Credit CREDIT ENHANCEMENT AND RISK MITIGATION FOR SUKUK ISSUES: AN ICIEC PROPOSAL By Dr. Abdel-Rahman Taha General Manager, ICIEC Presented
More informationMENA Market Intelligence Week ending 22 nd of November
Kuwait Financial Centre Markaz R E S E A R C H Research Highlights: Provide readers with weekly updates on analysts recommendations from different investment houses, collate views on the state of MENA
More informationTHE PRIVATE SECTOR ARM OF THE ISLAMIC DEVELOPMENT BANK GROUP
THE PRIVATE SECTOR ARM OF THE ISLAMIC DEVELOPMENT BANK GROUP 3rd International Conference on Foreign Investment in Albania Islamic Corporation for the Development of the Private Sector (ICD) Member of
More informationKuwait Insurance Industry
November 2009 Industry Research Kuwait Insurance Industry Report Contents Summary Corporate Structure & Corporate Governance Technical Analysis/Index Behavior Credit Ratings Financial Performance Effects
More informationS&P Shariah Indices Dow Jones Islamic Market Indices QUANTITATIVE ANALYSIS
S&P Shariah Indices Dow Jones Islamic Market Indices QUANTITATIVE ANALYSIS Q2 2015 Contents S&P Shariah Indices S&P Global Shariah 3 S&P Pan Arab Shariah 4 Sector Composition Comparisons 5 Dow Jones Islamic
More informationInvestor Presentation 1Q
Investor Presentation 1Q - 2016 1 Tawuniya Overview 2 Our Company Headquartered in Riyadh, KSA Strategic Business Units: Motor, Health, Property & Casualty and Investments Significant presence across all
More informationSwiss Re s new sigma study explores the growth of insurance in emerging markets and the prospects for Islamic insurance
Media release ab Swiss Re s new sigma study explores the growth of insurance in emerging markets and the prospects for Islamic insurance Contact: Patrizia Baur, Zurich Telephone +41 43 285 3153 Clarence
More informationGCC Fixed Income Market : The Year That Was
GCC Fixed Income Market : 2015 - The Year That Was The MENA fixed income market is expected to continue to grow during 2016 after a marginal growth of 4% in 2015. Sukuk issuance in MENA is expected to
More informationHBL Islamic HomeFinance A financing facility that enables you to own your dream house with ease and flexibility.
HBL Islamic HomeFinance A financing facility that enables you to own your dream house with ease and flexibility. Key Features Purchase of complete residential property (Apartment / Bungalow) Financing
More informationThe Response of Islamic finance to the recession. 12 May 2009 Farmida Bi, Partner
The Response of Islamic finance to the recession 12 May 2009 Farmida Bi, Partner Islamic Finance: A different model September 2008 confidence Islamic banks had not invested in toxic assets, held actual
More informationNORTH AFRICA HOLDING COMPANY
NORTH AFRICA HOLDING COMPANY Unlocking Potential Creating Value CORPORATE PRESENTATION December 2010 1 Agenda North Africa Holding Company Why investing in North Africa KIPCO Group 2 Snapshot on North
More informationQ Investor Presentation
Q1-2016 Investor Presentation Kuwait Telecommunications Company K.S.C.P Table of content VIVA s History in Brief 2 Key Milestones 3 Vision and Values 4 Shareholders' Structure 5 Population & Penetration
More informationInvestor Presentation. Sep 2018
Investor Presentation Sep 2018 Contents Bank Muscat Introduction Operating environment Bank Muscat business - Overview Financial Performance Annexure Note: The financial information is updated as of 30
More informationAnalysis of the Sukuk Market. Dubai, April 25, 2007
Analysis of the Sukuk Market Dubai, April 25, 2007 Overview Introduction What is a Sukuk? Types of Sukuk Composition of the Sukuk Market Breakdown of the Sukuk Market Expected Growth of the Sukuk Market
More informationInvestors Presentation. Kuwait Telecommunications Company K.S.C.P
Investors Presentation Kuwait Telecommunications Company K.S.C.P Table of content VIVA s History in Brief 3 Key Milestones 4 Vision and Values 5 Shareholders' Structure 6 Population & Penetration 7 Competitive
More informationQatar Banking. Qatar Banks - Result Update 3Q11. Global Research Sector - Banking Equities - Qatar December 7, 2011
Qatar Banking Global Research Sector - Banking Equities - Qatar December 7, 2011 Qatar Banks - Result Update 3Q11 Profitability jumps by 17%YoY and 3% QoQ in 3Q11 Top-line grows on account of volume growth
More informationApplication of Participation Banking System
Subject Application of Participation Banking System Regulatory and Supervisory Authorities (BRSA, CMC, CB, SDIF) Profit is genereted from Islamic Finance Products Deposit Collection Process Resources Participants
More informationInvestors Presentation. Kuwait Telecommunications Company K.S.C.P
Investors Presentation Kuwait Telecommunications Company K.S.C.P Table of content VIVA s History in Brief 3 Key Milestones 4 Vision and Values 5 Shareholders' Structure 6 Population & Penetration 7 Competitive
More informationAttendance at the Singapore Due Diligence 2012 is strictly by invitation only. The content of this presentation is intended solely for invited guests
should not be reproduced or distributed to persons other than the invited guests. Overview of Islamic Finance Hanifah Hashim Head of Fixed Income (Malaysia) Franklin Templeton Investments September 26,
More informationINVESTING IN INDIA The Shariah Way TASIS SHARIAH 50 INDEX
Click to start INVESTING IN INDIA The Shariah Way TASIS SHARIAH 50 INDEX BASED ON EXTENSIVE RESEARCH AND PATH BREAKING METHODOLOGLY Outline About the Organizations BSE TASIS About the Index Index performance
More informationGCC Banking. GCC Banking Sector Quarterly 2Q13. Global Research Sector-Banking September 2013
213e ROE 3-yr Earnings CAGR GCC Banking Global Research Sector-Banking September 213 GCC Banking Sector Quarterly GCC banks report double-digit YoY growth in profitability, with leading Growth in net interest
More informationQ1 11 Investor presentation May 2011
AbuDhabi Commercial Bank PJSC Q1 11 Investor presentation May 2011 1 Disclaimer This document has been prepared by Abu Dhabi Commercial Bank PJSC ( ADCB ) for information purposes only. The information,
More informationFINANCIAL COOPERATION
FINANCIAL COOPERATION OIC/COMCEC-FC/34-18/D(..) CCO BRIEF ON FINANCIAL COOPERATION COMCEC COORDINATION OFFICE April 2018 2017 0 CCO BRIEF ON FINANCIAL COOPERATION Financial Cooperation among the Member
More informationA Strong and Vibrant Financial Sector for Sustainable Growth the role of Capital Markets
The Investors Conference 2005 - in conjunction with the 30 th Annual Meeting Islamic Development Bank 22 nd June 2005 A Strong and Vibrant Financial Sector for Sustainable Growth the role of Capital Markets
More informationIntegrated Securities Morning Report 17 February 2019
Integrated Securities Morning Report 17 February 2019 # Market Stats 1M 3M 1Y # UAE Trading Summary Indices Close Change Change Change Change AEDm Buy Sale Net ADX 5,036 0.2% 1.1% -0.4% 10.0% ADX 283 283
More informationKhazanah 3 rd Exchangeable Sukuk
Hong Kong Showcase on Islamic Finance Khazanah 3 rd Exchangeable Sukuk Muzaffar Hisham Deputy Chief Executive Officer CIMB Islamic Bank Khazanah s Re-create New Silk Road USD647 million raised through
More informationMALAYAN BANKING BERHAD Capturing growth opportunities
MALAYAN BANKING BERHAD Capturing growth opportunities Dato Sri Abdul Wahid Omar President and CEO Invest Malaysia 2009 Kuala Lumpur 30 June 2009 Capturing growth opportunities Where we are now Malaysia
More informationDoing business in KUWAIT
PKF Bouresli & Co., Kuwait Doing business in KUWAIT the future s bright OVERVIEW ESTABLISHING YOUR BUSINESS TAXATION IN KUWAIT ABOUT PKF OUR SERVICES CONTACT US Overview Area 17,818 km 2 Population 2.74m
More informationInvestor Relations Presentation Q3 2017
Investor Relations Presentation Q3 2017 Table of Content 1 KSA Fact Sheet 3 2 Saudi Arabia 2030 Vision 4 3 Al Rajhi at a Glance 5 4 Recent International Recognition 6 5 Al Rajhi 2020 Strategy 7 6 Al Rajhi
More informationArab Bank Group. Investor Relations Presentation June 30, 2016
Arab Bank Group Investor Relations Presentation June 30, 2016 1 General Information Financial Data & KPIs Q2 2016 Key Performance Extracts Credit Rating Table of Contents Stock Information Corporate Governance
More informationFactors that are important to the establishment of an Islamic Finance Industry in Australia John Masters PricewaterhouseCoopers
Factors that are important to the establishment of an Islamic Finance Industry in Australia John Masters Islamic Financial Services: What Role for Australia? MCFS Symposium, Melbourne 21 November, 2008
More informationSamba Financial Group (SAMBA)
Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Global Research Investment Update Equity Saudi Arabia Banking Sector 24 August, 2016 Samba Financial Group (SAMBA)
More informationMalaysia s Islamic Capital Market (ICM) An Overview
Islamic Finance News Roadshow Sheraton Towers, Singapore 2 April 2008 Malaysia s Islamic Capital Market (ICM) An Overview Nik Ramlah Mahmood Securities Commission Malaysia 1 Malaysia s ICM offers a comprehensive
More informationSaudi Real Estate Co (Akaria)
Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Global Research Investment Update Equity Saudi Arabia Real Estate Sector 29 October 2015 Saudi Real Estate Co (Akaria) Market Data Bloomberg Code: SRECO
More informationBESTW EEK. Malaysia Seeks Takaful Growth With New Regulations. Asia/Pacific. Takaful in Malaysia. Insurance Newsletter.
www.bestweek.com BESTW Weekly EEK Asia/Pacific Insurance Newsletter November 2011 Malaysia Seeks Takaful Growth With New Regulations Malaysia has laid out a regulatory framework aimed at building a foundation
More informationMonthly Fund Fact Sheet January 2015
AmMetLife Ta k a f u l E q u i t y Fund Moderate to High FTSE Bursa Malaysia Hijrah Shariah Index (a) Equity - Max 95% (b) Cash or cash equivalent Min 5% The Fund aims to provide the Customer with capital
More informationISSUE 007 DECEMBER REAL ESTATE INVESTMENT TRUSTS - REITs. A Liquid Alternative to an Illiquid Asset Class
ISSUE 007 DECEMBER 2 0 1 7 REAL ESTATE INVESTMENT TRUSTS - REITs A Liquid Alternative to an Illiquid Asset Class HIGHLIGHTS The benefits of a REIT are straight forward when compared to owning a property
More informationRecent Developments in the Global Sukuk Market
Recent Developments in the Global Sukuk Market Session 1: Recent Developments in the Global Sukuk Market Ijlal Ahmed Alvi Chief Executive Officer IIFM Total Domestic Sukuk $555.190 bio Total International
More informationLegal Aspects of Islamic Finance LCA4592 DR. ZULKIFLI HASAN
Legal Aspects of Islamic Finance LCA4592 DR. ZULKIFLI HASAN 1 Legal Systems CONTENTS Rationale for regulations Legal framework Regulatory and Supervisory Authorities International Standard Setting Agencies
More informationFINANCE. Islamic Finance as Social Impact Investing. Issue Brief 2013/08. Dec Andrew Sheng
Dec 2013 Issue Brief 2013/08 FINANCE Andrew Sheng The principles of Islamic finance, as defined by the Shariah, prescribe that finance must serve society and prohibit unfair and speculative activities.
More informationIFC WEBINAR ON ISLAMIC FINANCE AND BANKING. Making Islamic Finance and Banking Work for SMEs 17 th May, 2017
IFC WEBINAR ON ISLAMIC FINANCE AND BANKING Making Islamic Finance and Banking Work for SMEs 17 th May, 2017 Topics 1. Why is IFC interested in Islamic Finance and Banking 2. An overview of Islamic Finance
More informationBUY. Riyad Bank. Investment Update. Target Price SR Global Research - Saudi Arabia
Market Data Bloomberg Code: RIBL AB Reuters Code: 1010.SE CMP (6 th Mar. 2010): SR28.0 O/S (mn): 1,500.0 Market Cap (SRmn): 42,000.0 Market Cap (US$mn): 11,200.0 P/E 2010e (x): 12.1 P/Bv 2010e (x): 1.5
More informationJuly 31, 2015 ECONOMY. Lebanon ranks 19 th worldwide and 2 nd in the Arab world in gold holdings
ECONOMY Lebanon ranks 19 th worldwide and 2 nd in the Arab world in gold holdings Lebanon s gold reserves reached 287 tons, accounting for 21% of the country s total foreign reserves. The July 2015 edition
More informationQNB Investor Relations Presentation June 2011
QNB Investor Relations Presentation June 211 Forward Looking Statement This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition,
More informationMonthly GCC Top Picks July 6 th, 2009
Report Team Wael AbdulRasool Int l Brokerage Manager wael@usoman.com Mohamed Anwar Al Lawati Portfolio Manager malawati@usoman.com Ghadeer Hassan Research Deparment Ghadeer@usoman.com Hussein Al Lawati
More information[ ] Deduction for income earned in certain foreign states. (Foreign Earnings Deduction) - Section 823A TCA 1997
[34-00-09] Deduction for income earned in certain foreign states (Foreign Earnings Deduction) - Section 823A TCA 1997 Updated February 2017 1. Section 823A TCA 1997 The foreign earnings deduction provision
More informationIslamic Arab Insurance Co. (Salama) and its subsidiaries Condensed consolidated interim financial statements
Islamic Arab Insurance Co. (Salama) and its subsidiaries Condensed consolidated interim financial statements for the three-month period ended 31 March 2017 Condensed consolidated interim financial statements
More informationGCC Telecom. GCC Telecom Sector Quarterly - 2Q12. Global Research Sector-Telecommunication 14 August 2012
GCC Telecom Global Research SectorTelecommunication 14 August 2012 GCC Telecom Sector Quarterly 2Q12 seeking to increase exposure to sound operations Capital restructuring completed for Zain Saudi Zain
More informationOur Journey. The journey begins. Creation of All Rajhi Trading & Exchange Corporation. Conversion of Al Rajhi to a joint Stock Exchange Company
Introduction Founded in 1957, Al Rajhi Bank ( Al Rajhi or ARB ) is one of the largest Islamic banks globally. With assets of USD 59 billion plus, equity of over USD 8 billion and a team of 7,5 employees,
More informationIndonesia Infrastructures & Sukuk Update
Indonesia Infrastructures & Sukuk Update IIFM Specialized Sessions on Islamic Finance at ISEF 7 November 2017, Surabaya Herwin Bustaman Head, Shariah Banking Maybank Indonesia Global Sukuk Update 1 No.
More informationJames R. Stull. Matters
James R. Stull Partner Middle East and Islamic Finance and Investment / Private Equity Dubai: +971 4 377 9929 Riyadh: +966 11 466 9447 Mobile: +971 56 174 8672 jstull@kslaw.com James Stull specializes
More informationOIC Member States Stock Exchanges Forum 9 th Meeting November 19, 2015
OIC Member States Stock Exchanges Forum 9 th Meeting November 19, 2015 Islamic Finance Global Assets of Islamic Finance (USD billion) Expected to reach $3 trillion by 2018 Select Growth Indicators Source:
More informationABFC March 5th, Samira Mensah. Associate Director & Deputy Chair of S&P Global Focus Group on Islamic Finance Financial Services Ratings
ABFC-2014 March 5th, 2014 Samira Mensah Associate Director & Deputy Chair of S&P Global Focus Group on Islamic Finance Financial Services Ratings Permission to reprint or distribute any content from this
More informationAn IFC Reports Interview with. Mr. Tawfik Al Bahar, Managing Director, Warba Insurance, Kuwait. For our special report on Kuwait
An IFC Reports Interview with Mr. Tawfik Al Bahar, Managing Director, Warba Insurance, Kuwait On the 26 th April 2011 For our special report on Kuwait 1 IFC REPORTS: His Highness the Amir has continuously
More informationInternational Tax Conference
International Tax Conference Hong Kong s Experience with its International Tax Treaty Network Richard Wong Commissioner of Inland Revenue 19 June 2014 1 Introduction Purpose of signing a tax treaty Fairness
More information31 May 2014 NAV: SAR AUM: Million SAR Bloomberg: JADSEQT Reuters: LP Zawya: JADSAUD.MF
Jun-07 Oct-07 Feb-08 Jun-08 Oct-08 Feb-09 Jun-09 Oct-09 Feb-10 Jun-10 Oct-10 Feb-11 Jun-11 Feb-12 Jun-12 Oct-12 Feb-13 Oct-13 Feb-14 Jadwa Saudi Equity 31 May 2014 NAV: 320.1035 SAR AUM: 291.01 Million
More informationWeekly Economic Update
Weekly Economic Update Sunday, 18 March 2012 1 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11
More informationJames is a frequent author and speaker on asset management, investment funds and related topics.
James R. Stull Partner Corporate, Finance and Investments Dubai: +971 4 377 9929 Mobile: +971 56 174 8672 jstull@kslaw.com James Stull is a partner based in the Dubai office in our Private Funds and Capital
More informationGULF WisdomTree Middle East Dividend Fund
WisdomTree Middle East Dividend Fund ETF.com segment: Equity: Frontier Middle East & Africa - Total Market Competing ETFs: N/A Related ETF Channels: Frontier Middle East & Africa, Smart-Beta ETFs, Dividend,
More informationQatar Shipping DSM Code: QSHS Reuters Code: QSHS.QA Bloomberg: QSHS QD Current Market Price: QAR 35 (As of 2 Dec 08)
Kuwait Financial Centre Markaz R E S E A R C H Markaz Research is available on Bloomberg Type MRKZ Thomson Financial Reuters Knowledge Zawya Investor Noozz M.R. Raghu CFA, FRM Head of Research +965
More informationNigeria Economic Update QNB Group. September 2014
Nigeria Economic Update QNB Group September 21 Nigeria Overview A rebasing of GDP in 213 has made Nigeria the biggest economy in Africa with the largest population; the economy is growing rapidly but remains
More informationOman Cement Sector. Global Research - Oman Sector
Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 EV/TON (US$) (mn) (RO) Global Research - Oman Sector Cement Sector Data Market Cap (RO mn): 464.4 Market Cap (US$bn):
More informationIslamic Arab Insurance Co. (Salama) and its subsidiaries Condensed consolidated interim financial statements
Islamic Arab Insurance Co. (Salama) and its subsidiaries Condensed consolidated interim financial statements for the six-month period ended 30 June 2016 Condensed consolidated interim financial statements
More informationEnergy House Holding Co.
Annual Report 2014 Energy House Holding Co. Energy House Holding Co. Annual Report 2014 Table of Content About Energy House... 3 5 Board of Directors..... 6 8 Chairman Message......9 11 Management Report......12
More informationInvestor Relations Presentation April 2012
Investor Relations Presentation April 2012 Contents 1. QNB at a Glance 2. Qatar Banking Sector 3. Financial Highlights March 2012 4. Economic Overview 2 QNB at a Glance QNB at a Glance: Overview Overview
More informationPOISED FOR GROWTH #SUKUK2017
THOMSON REUTERS SUKUK PERCEPTIONS & FORECAST STUDY 2017 POISED FOR GROWTH #SUKUK2017 ABOUT THOMSON REUTERS Islamic Finance Thomson Reuters is the leading global provider of intelligent information to the
More informationStrongly positioned for the Middle East Hannover Re has been writing business in the Middle East since the mid-eighties and remains committed to the region for over 30 years. Since 1 January 2008 Hannover
More informationIslamic Arab Insurance Co. (Salama) PJSC and its subsidiaries. Condensed consolidated interim financial statements
Islamic Arab Insurance Co. (Salama) PJSC and its subsidiaries Condensed consolidated interim financial statements for the nine-month period ended 30 September 2018 Condensed consolidated interim financial
More informationInvestor Relations Presentation December 2013
Investor Relations Presentation December 2013 Contents 1. QNB at a Glance 2. QNB Comparative Positioning Qatar and MENA 3. Financial Highlights as at 31 December 2013 4. Economic Overview Notes: These
More informationPaul Browne, Partner, London Yongmei Cai, Partner, Beijing Jay Lee, Partner, Hong Kong
One Belt One Road and RMB internationalisation: a look at how recent PRC regulatory developments provide significant opportunities for market participants in the Financial Markets in the UK and Europe
More informationCultural and legal dynamics of contracting and resolving disputes in the GCC. Bertrand Alexis, Senior Director, Legal, Ooredoo
Cultural and legal dynamics of contracting and resolving disputes in the GCC Bertrand Alexis, Senior Director, Legal, Ooredoo 1 2013 Ooredoo at a Glance Overview Results Strategy Operations Additional
More informationInvestor Presentation. March 2018
Investor Presentation March 2018 Contents Bank Muscat Introduction Operating environment Bank Muscat business - Overview Financial Performance Annexure Note: The financial information is updated as of
More informationInvestor Presentation. September 2014
Investor Presentation September 2014 Contents I. UNB Introduction 1 II. UAE Economy and Banking Industry 3 III. UNB Business Overview 5 IV. Financial Highlights and Performance 10 V. Awards and Certifications
More informationInvestor Relations Presentation September 2014
Investor Relations Presentation September 2014 Contents 1. QNB at a Glance 2. QNB Comparative Positioning Qatar and MENA 3. Financial Highlights as at 30 September 2014 4. Economic Overview Notes: These
More information