Showing posts with label islamic banking system. Show all posts

World Conference Of Islamic Banks Looking Cross-Border Opportunities

Meet more than 480 personal of the most prominent leaders of the banking sector and thought leaders in the Global Islamic finance industry in the period from the third to the fifth of June 2013 at the Hotel Pan Pacific Singapore, as part of the activities of the World Conference Fourth Annual Islamic Banking: Summit Asian Conference (World Islamic Banking Asia 2013), which held the official support of the Monetary Authority of Singapore.
islamic finance

It is scheduled to be launched the activities of the World Conference of Islamic banks which will be held over three days under the slogan «build bridges between the global Islamic finance sectors: promotion of international linkages and cross-border opportunities. As a special symposium will be opened in the Islamic financial market with a focus on international Islamic liquidity management, hedging and Islamic capital market instruments, an opening session with President Khalid Hamad Abdul-Rahman Hamad, Chairman of the International Islamic Financial Market.

And Executive Director of Banking Supervision at the CBB; Long Nam Sin, Assistant Managing Director, Group D Monetary Authority of Singapore. The opening session will be followed by Summit to be held in pre-conference special word of the President by Dr. Halim Cah, Deputy Governor of Bank Indonesia.

Furthermore, the president will be the opening of the conference, scheduled to be launched in the fourth of June, private speech delivered by Lim Heng Kiang, Minister of Trade and Industry of the Republic of Singapore and Deputy Chairman of the Monetary Authority of Singapore. The opening speech will be followed by a direct throw two keywords special Alekayama Dr. Mohammed Yousef Al-Hashel, Governor of the Central Bank of Kuwait; Ranjit Ajit Singh, Chairman of the Securities Commission of Malaysia.

Industries vital

Commenting on the support of the Monetary Authority of Singapore for the World Conference of Islamic Banking Asia 2013, commented Ravi Menon, Governor of the Monetary Authority of Singapore said, "We have the evolution of the World Conference of Islamic Banking Asia in terms of its size and stature since its inception in 2010, which is in the recent current platform an important link between Islamic finance vital industries in Asia and the Middle East. also enhances the conference also display the value of funding for the Islamic finance industry more broadly in the region. "

It should be noted that it is scheduled to present the exhibition The World Islamic Banking Asia 2013, which will be held on the sidelines of the conference as well, the next generation of Islamic financial products, and innovative solutions, as well as the latest developments in the Islamic banking sector and international financial industry.

Improvements to the legal and regulatory frameworks

Said Dato Sri Abdul Hamidi bin Abdul Hafiz, CEO of Kuwait Finance House (Malaysia) : "showed the Islamic finance industry a tremendous growth in terms of volume of business, product innovation, and the geographical spread, as well as achieving significant improvements at the level of legal and regulatory frameworks. Attracts these Current industry in recent customers from all different segments and sectors of the economy.

It is moving forward towards achieving further progress and success. However, the Islamic financial system is still very small compared with the traditional economic system that currently exists. However, it is through the development of lessons learned from the recent Global financial crisis, we have become well aware of the risks inherent in the capital is produced, and what we should do in the recent current is to collect surplus funds viable investment to promote economic prosperity to more efficiency and effectiveness and that of through the financing of real economic activity, which is completely in line with the objectives of Islamic finance.

Is Islamic Finance Has Achieved Development For Society?

Islamic finance in theory began with Islamic law, which came as part of an integrated system comprehensive life dealing with worship and transactions and ethics, in a balanced manner make legislation relating to worship the words from the teachings of detailed addresses of worship with respect to provisions in all its details minute, as in prayer, fasting and Zakat The pilgrimage, though the tendency to worship God is innate, but the details, you can not rely on human nature to learn the proper way to practice; legislation so it was dealt with in detail.
With regard to transactions, the origin of Islamic law that deals with many of them in its entirety, and gives an outline of its provisions, because the legislation with regard to the provisions of the transaction is based mostly on the wisdom of the phenomenon, as it is not a destination "Sharaa" often in such transactions to highlight the commitment and discipline orders "Sharaa" - but at the end of the case, but the destination is the real achievement of justice and the public interest of the community, and the balance between the individual's right hand that gets it is the product of diligence, on the other hand the right of society on the one hand that in general to achieve the public interest and not harm the structure of community economic .
Therefore, most provisions relating to financial transactions, a reflection of the wisdom of the phenomenon of the legislator, as it seeks to achieve interest and balance the pros and cons, so most of the issues related to these transactions, we find that the interests of the evils and interest requires giving priority to whichever is greater impact, if GLBT interest in the transaction, the legislation tends even, in some cases, to cram them, but if overcome corrupting the legislation tends to leave and prevention of them, this is of course a general rule can not drop its image outlined the details of the provisions always, but when what appeared judgment on the issue of it with certainty that the public interest so requires .
Through the evaluation process of Islamic finance, and because Islamic law in transactions in the interest of the phenomenon can be felt by the human, the question on the impact of applications of Islamic finance in the development and treatment of economic problems in society is a project, especially when we see that some Muslim communities suffer economic problems, chronic , in addition to the weakness in productivity compared to many countries in the world, whether developed or emerging, as well as high rates of poverty and unemployment, poor nutrition, and health and educational problems in some countries, a reflection of the poor economic situation. 8020 fat loss
We know that the Islamic finance began since the start of the message, but the perception of the modern Islamic finance began in the seventh decade of the last century when it began to experience Ahmad al-Najjar in 1963, followed by a series of experiments, where she focused these experiments on the banking business, especially after the experience of Bank of Dubai Islamic in 1975, and today we are 50 years after the establishment of the first experience of contemporary Islamic finance, we do not find a major development of the economies of Islamic countries, equivalent to the developments of many countries in the world, and to reflect what their natural wealth and human resources, and including also reflects the legacy great historical , and its strategic location between nations.
There is no doubt that the experience of banks and the subsequent subsequent developments did not achieve real development even though in itself is not a draft negative impact on society, but it can be described as the experience is incomplete because it did not exist integration of the components of Islamic economics, as the experience to complete not must be a strategy to build the potential of human resources, and optimum utilization of natural resources, and build a productive industrial, agricultural and service makes the productivity of the individual outweigh the needs, and this is the simple equation of the economy productive, then the banks and the financial sector in general, a tributary of the productive sectors and enhanced their growth, as that banks today are still far somewhat from real participation in the productive sectors, as the practice of contracts, such as contracts for the company or speculation that will enhance the role of financial institutions, positive, and lays the foundation for building development projects in the community, and fills the gap in Islamic societies is the absence of capital which enhances the potential of human resources, and the optimum exploitation of natural resources, but the role of Islamic finance will remain weak in promoting the progress of the development of Islamic societies. im john chow
Conclusion .. Islamic finance, although it has achieved significant growth during the last period, but that its impact on development in Muslim societies weak for lack of integration in the components of the Islamic economy, and the weakness of the role of Islamic financial institutions, which depends on positive contracts, such as contracts Posts and speculation.

Salah Bin Fahad Al-Shalhoub
Option Bot 2

The Rise of Islamic finance Assets

Islamic banking assets grow more quickly than traditional banking asset growth is expected to reach Islamic assets to U.S. $1.1 trillion in 2012, marking a growth rate estimated at 33% for 2010.

As well as the presence of huge liquidity in Islamic banks began attracting attention top players in the market of global finance, especially when there are conditions pricing and commercial terms similar to those used in the conventional finance, and as a result we have seen in the past a lot of traditional financial institutions, which began showing interest in knowledge.

islamic banking

And we can also ignore a deficit of liquidity in U.S. and European markets after the global financial crisis in 2008 and the crisis of the euro zone and that led naturally to the pursuit of major financial institutions in the United States and Europe to look for financing alternatives sources and other regions in the world were not in the circle of interests Previously such as the Middle East and Northeast Asia.

On the other hand lies the importance of the initiative of Dubai in that it will help to stimulate this sector to meet the financing needs of the region due to the presence accelerated growth in the number of major projects in the field of services, industry and infrastructure in the Middle East due to the existence surpluses large oil or need some countries hit by unrest political rebuilding vital facilities that have been stalled as a result of the disturbances, so it is considered a historic opportunity for Islamic banks to provide innovative financing solutions and play a key role in the growth and development of the region.

Despite the region's need to finance major development projects, the challenge lies in the ability of Islamic banks to meet this need, in other words you have Islamic banks capital needed to finance the requirements of these major projects individually without you in financing arrangement "multi-source" involving conventional banks with Islamic finance?

This need and thirst by the global financial markets for liquidity and for Islamic finance in particular has made a lot of governments and central banks Bank, which was looking for Islamic finance glance of suspicion and doubt and inferiority to adopt amendments legal and regulatory to suit the Islamic finance and privacy.

It is noticeable legally that amendments regulators adopted by these central banks aims mainly to encourage the growth of this sector through the consolidation of the principle of equal opportunities and equal treatment for the legal and regulatory between conventional finance and Islamic, and the difficulties faced by these central banks is the absence of a uniform is developing rules The provisions relating to this sector.

But there are some scattered efforts of some institutions in the harmonization of standards and rules of Islamic finance to help to understand how to structure products Islamic financing and legitimate framework and Alhokma for these products, and the institutions that should be mentioned here the Accounting and Auditing Organisation for Financial Institutions and Islamic (AAOIFI) and Islamic Financial Services Board (IFSB ).

But still need a lot of effort. Despite we need to global liquidity, but more important is the ability of Islamic finance to play a role in the restructuring of global financial centers in the post-financial crisis.

As the regulatory and supervisory financial sector has become consider to Islamic finance and rules strict model can be emulated in financial sector regulation and, for example, can take these rules to modify some frames and banking standards for conventional banks to avoid risks that have an impact on the economy as a whole is not limited impact in a particular sector or cutting only or the so-called systemic risk.

In practical terms, application mandatory standards Basel (3) bank will contribute to give Islamic finance a boost and quality globally, as these standards will raise the minimum ratio of capital reserve, knowing that Basel (3) gave a deadline for a very 2019 to be able to banks in the world in straighten their positions.

It is likely to cause the application of Basel II standards (3), which specializes capital adequacy and liquidity at banks to make trade finance traditional heavy price because of the requirement to increase banks' capital reserve has but Islamic banks Unlike traditional they always adhere to the requirements more stringent than Basel (3) With regard to capital.

Therefore it is unlikely that the additional costs that will affect the ability of those banks to compete in global trade finance. The demand for trade finance products reflect the reality of the desire of the world to adopt a new approach to funding helps create business processes of economic value and commercial real community and be far away from speculation rabid or buying and selling debt and called Securitization which rejects Islamic banks.

This has led buying and selling mortgage debt in the United States and the world to the collapse of many international banks hear and be guided it has become the model in funding burden on these countries, by contrast, the Islamic banks are based on the principle of mutual profit and loss, which helps the growth of the economy and business processes real and the emergence of an economy based on a genuine partnership between the bank and the merchant.

The outlook for the growth of Islamic finance for optimism and star will continue to rise, and the continuing financial crisis, will help the growth of this sector more and will create a real opportunity for Islamic finance to play a role regionally and globally.
 souq uae

Egypt Islamic finance depends crane for its ailing economy

The Financial Times newspaper said that Egypt is heading to Islamic finance as a lever for its ailing economy, after it had been deliberately marginalized by the former regime, which rejected the application of development projects that carry an Islamic character.

islamic finance

The Gazette, in a report yesterday that the size of this sector in Egypt is estimated at about 100 billion Egyptian pounds, and is expected to grow by between 9% and 15% in the next three years. He said that he did not allow Islamic banks in the past only to provide personal finance products, mostly investment banks or traditional development offering Islamic services.

The bill allows for companies and banks to issue instruments after the approval of the Central Bank of Egypt, also allows the companies offering international and regional instruments to finance projects in Egypt.
The Financial Times explained that the party should source according to the draft law to opt for Islamic oversight committee has the right to determine the types of Shariah-compliant instruments, the Committee shall consist of three experts selected by the party's source of a roster of experts prepared by the Fatwa. The law recognizes nine types of instruments.
source: forex sniper pro

Opportunities and challenges of Islamic finance in the new year

Before 2012, the magnitude of the economic fluctuations and financial and finished work the U.S. government to reach an agreement between the Obama administration and the Democratic Party on the one hand and the Republican Party on the other hand, to reach agreement avoids United States abyss financial Financial abyss, and by increasing taxes on the American citizen of both Pan and wealthy citizens, so as to enhance the chances of reducing the gap, which began widening between public debt and GDP of the United States, as the increasing gap lead to the growing problem of public debt.

This year also carry a lot of Islamic finance, has increased the pace of growth in Islamic finance assets, they even did not show these results are declared for last year, but the indicators for optimism continued growth in the past year, and still opportunities list to achieve the pace of balanced growth, especially with the economic improvement of the Gulf, and increase spending and development projects, representing Gulf bulk of Islamic finance in the world, and improve their economic status has implications for the improvement and growth of the Islamic finance industry.
islamic finance

Perhaps the most stimulating continued growth of Islamic finance large turnout on instruments that have experienced significant growth in the last period of sustained, unprecedented, every year since 2009 surprise this sector observers significant growth and diversity in its products, and the slide that interested in this sector, from an instrument to finance large companies, today has become the focus of states to finance development projects, especially the countries of the so-called Arab Spring, which is preparing to launch a range of versions to revive its economy, especially after the political upheavals taking place in these countries and the region in general.

This growth of the Islamic finance also reflected on the banking sector, which has become more expansive at the global level, in addition to the insurance sector, which is expanding in direct correlation with the amount of funding, and remains, it is expected that this growth comes from two important factors: first: the continuing pace of growth tools list, such as the banking sector and instruments, in addition to the Islamic financial market activity, and funds Shariah-compliant investment, which includes a variety of images of low investment and high risks.

Another factor: the expansion and openness to new financial instruments, are expected to be there investment funds like Balseadah or major or even endowment funds, which contain a variety of investments that some may be administered in a manner consistent with the law, and this tool be an opportunity for them better now , since they need to diversity in its investments.

These opportunities for growth there will be a range of challenges, especially as the Islamic finance today is active in an environment designed for conventional financing, With the expansion in the volume of assets and tools and a slice of beneficiaries and investors and geographic expansion increases the size of the challenges for Islamic finance, and the possibility of achieving sustainability in their investments, and what he needs this sector Today dramatically is to build a theoretical framework and rules and regulations are to be part of the system of standards that apply to international banks, especially banks today required to apply Basel III, which require banks to keep more of the reserve requirement, and such regulation may hinder the application of financial instruments depends on the asset, especially in the decades such as participation and leasing, as these assets is part of the Bank's ownership of fixed and invested like loans offered by traditional banks, and this is an example of a form of obstacles that can be encountered Islamic banks in the future, especially that Islamic banks are currently in some States are active without creating a regulatory framework independently take into account the nature of products and services compliant with Islamic law, and this year may be for Islamic banks an opportunity to work on an agreement on a regulatory framework for Islamic banks submit a proposal to form legislation and standards that are commensurate with the nature of the activity of Islamic banks, and take into account the mechanism and procedures Contemporary banks in modern financial systems.

In summary, the Islamic financial Today booming and growth sustained, and is expected to be the new year also years continue the case of growth, due to the expansion of some of the tools such as instruments, and the expected expansion also in new financial instruments, and it remains to be challenges that can face financial Islamic - particularly banks - to make financial systems at the level of international standards and internal countries where it is active compatible with the nature of the products and services that are compatible with the Sharia.

$85 billion the size of Islamic instruments in the world

Mohamed Ashmawy, Chairman of the Board of Directors of United Bank that the volume of Islamic instruments in the world is witnessing a significant growth in terms of total releases about 85 billion dollars, an increase of 92%.

islamic finance

Ashmawi said during a seminar on the draft instruments organized by the Islamic Center of Islamic economics Bank that the size of sovereign versions of Islamic instruments amounted to about 59 billion U.S. dollars, including versions of companies about $ 19 billion and was the last version of the Saudi Civil Aviation Authority of Islamic instruments worth 15 billion Saudi riyals.

He added that Egypt overdue in issuing Islamic Sukuk explaining that the bill must have a list of executive describes the mechanism of calculating return on particular long term projects, and to know the mechanism of market makers, which should allow trading of free movement instruments and there could be a sovereign fund is that role In addition to a mechanism to follow up implementation and solve the problem of quality assurance involving state assets.

Ashmawi pointed out that there is a big confusion between ownership and funding, pointing out that is the process of financing instruments and there is no fear of foreign ownership of such instruments, as it would not violate Islamic law because there is a legitimate body of leading scientists are monitoring the process of Islamic instruments.

He called on banks to contribute to the awareness of Islamic instruments and the creation of specialized funds away from asset management, pointing out that there are many countries have achieved great success in the Islamic Sukuk issue.

Said Dr. Mohammed Nabil Ghanayem head of the Shariah Bank United Bank that the draft law presented by Islamic finance expert, Dr. Hussein Hamid Hassan and saw a lot of debate points Islamic parties and organizations and all the project is restricted to Islamic law.

He pointed out that if there is a fear of foreigners may Palace instruments the Egyptians only, or Egyptians and Arabs, explaining that all the process of issuing instruments will be subject to the legitimacy of high and because there is no violation of Islamic law, explaining that what is happening in the media is a controversial and demanding the truth.

He pointed out that there is great importance to the Islamic instruments at the moment and there will be no risk of the state assets.

Dr. Abbas added Shoman, vice president of the legitimacy that the current debate about the legal wording of the draft instruments and not the instruments themselves because no different instruments on Islamic legitimacy.

$211 Billion Value of Existing Instruments in The World

Indicated company KFH Research Ltd., a subsidiary of Kuwait Finance House (KFH), the study has been discussed in the International Islamic Finance Forum is being held in Malaysia, about market developments of global bonds in the past few years and the outlook on them, that the global sukuk market booming remarkable During the last six years, grew 28.3%, bringing the total versions of existing instruments in the world until the first half of 2012 to 210.8 billion dollars, is expected to witness this market for another year of development in 2013.

sukuk bondsAt first study highlighted the sector instruments, indicating that he has emerged as one of the key components of the Islamic finance. The Sukuk market has grown over the years at a compound annual growth rate of 28.3% in the period between 2006 and the first half of 2012 to reach existing instruments to $ 211 billion and contributed 13.4% of the global Islamic financial assets in 2011.

The study pointed out that Malaysia still maintains the first position in terms of size versions of the instruments of more than $ 234 billion issued in Malaysia until the end of the first half of 2012.

In the GCC countries has reached instruments 92.4 billion dollars, and for market instruments initial, Malaysia representing 71.6% of the versions of the new instruments in 2011, followed by Qatar (10.9%), then the United Arab Emirates (4.8%), and comes Saudi Arabia IV (3.2%).
As at the end of the first half of 2012, the study showed that the share of the Malaysian market accounted for 68.2%, and finally Saudi Arabia II (11.1%), and then the United Arab Emirates (6.4%), followed by Indonesia (5.9%).

The sectors that included regarded as a prime mover for sukuk issuance during the first half of 2012 the government sector increased by 54.7% and the transport sector increased by 22.1%, while came a large number of versions in the Gulf Cooperation Council (GCC) and Malaysia from the energy and utilities sectors.

And maintained sovereign sukuk issues on the bulk of the versions of the primary market over the past few years with governments to increase their local programs.
And played the new countries in the field of instruments role in increasing the number of sovereign issues, such as Saudi Arabia and Indonesia, which has grown two international instruments market to attract new investments.

Despite the increase in the volume of money that is pumped through sukuk issuance, but the amount that was released U.S. dollar is still small compared to growth in other currencies.

The main reason is that international instruments are agitated by sovereign issues, which tend to focus on domestic liquidity levels while requiring foreign currency transactions greater than setup, as well as increased exposure to foreign currency risk involved in foreign exchange transactions.

Malaysian Ringgit continued during the first half of 2012 being the most important currency, and accounted for 70% of total releases.

The existing global instruments reached $ 211 billion in the first half of 2012, an increase of 18.3% from the end of 2011 was $ 178.2 billion.

Noted study «KFH Research» progress and increase the total amount of instruments based on an ongoing basis, even during the financial crisis, and accelerated growth in recent years as a result of the large increase in the number of issuers of new and increasing amounts of the bodies sovereign and central banks. Has grown secondary sukuk market at a CAGR 28.1% in the period between 2006 and 2011.

In terms of performance Total revenue instruments, the total return on index HSBC / NASDAQ SK NBA, which measures the return of versions portfolio instruments emerging that consists of 33 currency-denominated U.S. dollar and the pound sterling and the Japanese yen and the euro, 5.12% during the first half first of 2012, a percentage slightly less than the 5.2% recorded during the first half of 2011 and also less than the figure recorded during the first half of 2010 and of 5.64%.

$1.6 Trillion Worth of Assets of Islamic Financial Industry By The End of 2012

Prepared company KFH Research Ltd., a subsidiary of Kuwait Finance House "KFH", a series of financial reports dealt with the reality of the Islamic financial sector and the prospects for its development in the next phase, to be discussed during IIFF which starts its work today in Malaysia, organized by the Malaysian government and the Central Bank, and continue its four days. Forum discusses in the first day of the study of the company about the reality of the global Islamic finance sector and the Islamic banking sector in particular, is expected to reach total Islamic financial assets amounting to about $ 1.6 trillion this year, and that the financial sector continues its strong growth in 2013.
islamic finance

A study the company's forum, attended by a large number of officials and businessmen and interested development Islamic financial services industry in Asia and the world, that there are ample opportunities to internationalize Islamic finance and spread globally, because of the great flexibility he has shown during the global financial crisis, and universally recognized products and Islamic financial services , and the ability of the sector to enhance liquidity and risk management, pointing at the same time that the challenges facing the deployment process, including the limited tools .. The following is a summary of the most prominent and the most important points covered in the study.

The focus of Islamic finance in the early stages of its development focus on countries with large Muslim population, such as Egypt, Malaysia and the Arab Gulf states (especially Saudi Arabia, Kuwait and the United Arab Emirates). Over the past decade, the evolution of the Islamic finance industry as an increasingly important element in the global financial system. Islamic finance received broad acceptance in many countries as a result of the growing recognition of the high value achieved by the Islamic finance for the financial system, and between these countries, the United Kingdom, Singapore and Germany. In recognition of Islamic finance capabilities, many countries have shown interest in becoming a center for Islamic finance, and some countries have established financial centers such as London, Hong Kong and Singapore. It is expected that the total global Islamic finance assets to $ 1.6 trillion in 2012, based on the following:

Increase demand for assets compliant with Islamic law
The active role played by some countries around the world to support the growth and development of Islamic financial markets in their own countries
Islamic banks have shown great flexibility during the global financial crisis, in spite of the turmoil that spread across the global financial markets. While the equity markets suffered such as binary options and mortgage insurance and financial losses after the real estate market bubble burst in the United States, showed the balance sheets of Islamic banks were not affected by large compared with their counterparts from conventional banks due to the following factors:

Governor of domestic credit: credit portfolios were mainly local, rather than foreign, with limited pressure on asset quality
Focus on retail banking: where high limited loyalty programs for customers as well as the stability of deposits, from the rush and the big draw is unusual on deposits by customers.
Provide high capitalization and high liquidity to relatively higher confidence levels than conventional banks.
Over the years, grown a range of financial products and services Islamic significantly, through innovations that come as a result of dialogue and links continuing between decision-makers in the Islamic finance industry, supported by an increase in awareness and knowledge with respect to the basic elements in Islamic finance and affecting the provision of products and services funding Islamic namely:

Customers need: to stimulate financial institutions to provide products and services that meet customer requirements.
Regulatory and supervisory support: the fact that the instructions allow a variety of products and services compliant with Islamic law
Unique suggestions: emphasis on the value and impact of Islamic finance to the sector's shareholders
Education and awareness, help in the creation and production of innovative solutions that can improve the efficiency of the products offered
Profitability: develop funds that can be directed to provide more products and services
Financing gap: the need to create financial intermediation
Competitiveness: stimulate product innovation in order to stay ahead of the market
Islamic finance over the past 30 years is stimulated largely by domestic sectors, but in recent years it has become gradually the fastest growing sector in the global financial system. And the evolution of market instruments in particular as a major factor contributing to the leadership of Islamic finance, and instruments and became an important way to raise funds globally, as well as stimulate investment activities and generate substantial financial flows from abroad. And easy access of the internationalization of Islamic finance and make it rise globally these other developments that have occurred in the international financial infrastructure Islamic, prompting the Islamic financial institutions to take the initiative to work beyond their local boundaries. There are currently more than 600 Islamic financial institutions operating in more than 75 countries, offering a wide range of products and services. With the internationalization of this sector, it is expected to contribute to Islamic finance in a more efficient move and the distribution of funds to various regions. This will enhance the trend of financial and economic links between the various global countries, bringing and achieve mutual benefits for all shareholders and owners of capital.

Opportunities and challenges of internationalization of Islamic finance

First: Opportunities

Enhance liquidity and the ability to manage risks for traders in the Islamic finance sector
International cooperation between regulators
Mutual recognition of standards and financial products across different countries through building on expanding the size of the partnership between practitioners, regulators and scientists
Improving the business environment to promote activities across different countries
Further development of Islamic financial infrastructure in underdeveloped markets
An effective tax system to deal with large disparities between income and wealth on the one hand and government support on the other hand
Second: the challenges

Limited set of tools, focus on short-term benefits, lower the depth and breadth of market support for mediation funds in the Islamic financial system
Should the financial system will facilitate a clear system of governance and strengthen the system against external pressures or threats, so as to reduce any risks that could lead to misappropriation or embezzlement
Still provide a qualified workforce and talent management in different countries is a regular, and given that talent development programs have only recently begun to expand and increase their numbers, it may take the Islamic finance sector and longer to reach a uniform growth across countries.

By taking a quick look at the Islamic banking sector in different parts of the world, we find that it has grown at a strong rate of between 15% To 20% Annually over the past decade, from about $150 billion in the mid-nineties to about 1.1 trillion in 2011. Based on the compound annual growth rate of 21.1% Between 2007 and 2011, it is expected that Islamic banking assets up to $1.3 trillion in 2012, accounting for more than 80% of the market share of the global Islamic finance assets. Not only the Islamic banking sector on the Muslim-majority countries of the GCC and South East Asia, but also extended to penetrate new regions in Central Asia and Europe, and that is working, many of which are currently on the developent and implementation of regulatory reforms and appropriate legal that would facilitate the provision and delivery of products and Islamic financial services. By the end of 2011, there were 363 financial institution operating in accordance with the Islamic banking system fully in addition to the 108 from traditional financial institutions to open and operate Islamic windows have. And despite the fact that the Islamic banking sector is currently accounted for 1.6% Of the total assets of the 50 largest banks in the world (a total of 66.2 trillion dollars at the end of 2011), but it is still one of the fastest growing sectors in the global financial services industry.

It is expected that the Islamic banking sector other future developments, especially with regard to the development of new products and services as well as open up new markets in different countries, this sector has proven its flexibility during the global financial crisis. It was the growth of Islamic banking services many positive effects on the global economy. Given that this sector is linked to the financing of real assets through the purchase and sale of goods to ensure utilization of the funds in real economic activities, and to ensure this feature also restrict the size of anticipated funding and the continuation of financial sector balance with economic growth. And given the rapid growth of Islamic banking system in the worldwide value and weight of the commercial feasibility of this sector in terms of providing returns to business as well as its positive effects on shareholders and owners of capital. And derive the feasibility of Islamic financing of its ability to meet the changing requirements of the economy and also the cost competitiveness of products and services it provides. The support is also developed within the framework of the legal and regulatory framework and supervisory highly sophisticated and who has had an important role to play in ensuring the integrity and stability.

Islamic banking sector witnessed in 2011 strong growth. And contain the Middle East on 80% Almost of Islamic banking assets, and Asia is a huge market where Malaysia has the largest market share by 9.6?. In terms of growth rate, Indonesia has had the strongest annual growth rate of 48.6?, Followed by Pakistan with 34.4? On an annual basis. The importance of the GCC states in being the home to some of the largest banks in the Islamic world such as Kuwait Finance House in Kuwait and Al Rajhi Bank in Saudi Arabia. The increase in Islamic banking activities in the countries of the Gulf Cooperation Council to a number of factors including increased domestic demand for Islamic financial products like Islamic Loans, and comes on top of those factors significant growth of savings in the Gulf, which is linked to oil prices pace. It is expected to continue to Islamic banking sector growth in the countries of the Gulf Cooperation Council strongly supported the foundations and economic stimulus through infrastructure projects sponsored by the government, as well as due to the strengthening of Islamic banks in some countries (Bahrain) and increasing the number of (Saudi Arabia and the UAE) and changes in regulations and regulatory (Qatar) which will benefit the sector as a whole.

It is expected that the Islamic banking sector encouraging developments where emerging economies such as Turkey, Indonesia, India and China to promote and stimulate alternative formulations of financial intermediation, supported by growing demand for banking products and services alternative. It is expected to help create the Islamic banking sector in a number of countries to encourage and accelerate the pace of market instruments in order to meet liquidity requirements. Despite the positive developments that have been achieved in the light of the deteriorating global economic environment, but the lack of education and awareness about products and services in some countries and regions, as well as legal and tax matters are among the challenges that will be faced by the Islamic banking sector.

However, it is expected that this sector continues to show strong growth, supported by the following factors:

Sustained economic growth in 2013 across emerging markets ( Islamic finance in Morocco ), supported by economic stimulus packages
Abundant liquidity flows on the back of rising oil prices
The active role played by some countries in different parts of the world in order to stimulate the development of the Islamic financial markets in their own countries
A combination encouraging population and increase the level of awareness has contributed towards increasing demand for products compliant with Islamic law. The number of the Islamic world's population currently stands at 1.6 billion, including 62% Almost in Asia.
Is expected to be a growth sector global food'm positive effects on the Islamic banking and finance, as should be the source of funding for the Halal food sector is compatible with the principles of Islamic Sharia.

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forex sixth sense

The Growth of Islamic Banks

islamic finance
A sign of experts in Islamic finance sector the growth of Islamic banks in the Arab world by rising market share of Islamic banks by 15%  in the year 2013 at the level of the Arab states because of the large and growing demand by customers to these banks.

The expert added, Fouad Muhaisin that the current figures for the growth of the size of the Islamic banking sector exceeded all expectations in previous years to grow to over 25 per cent.

The Muhaisin to "The global financial crisis that hit in the countries of the world, especially in the United States of America and Europe, which observed its implications in various Arab countries pushed dealers to the selection of Islamic banks is based on the foundations of banking which led to the collapse of a number of banks such as the sale of religion and others. "

Muhaisin noted that many Arab countries began to shift to a system of Islamic banking as a result of the Arab revolutions or what has become known as the Arab spring, such as the banking system, the Libyan, Egyptian and Tunisian is expected to occur Syria. "

And move for the Secretary General of the Union of Arab Banks, Wisam Fattouh forecast that the next phase is witnessing a dramatic rise in the Islamic banking system, the end of 2013 of up to 40 per cent of total banking assets Arabic.

The report forecasts that up Fattouh, the total assets of banks operating in the Arab countries to $ 2.6 trillion in value of the assets of Islamic banks, of which about $ 1.2 trillion.

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Dar Assafaa First Islamic Bank in Morocco

"Dar Assafaa" is First Islamic financial Institution in Morocco, The Governor of Bank Al-Maghrib approved Dar Assafaa on 13 May 2010 as islamic finance company specialising in the marketing of islamic finance.

"Dar Assafaa" is a subsidiary of Attijariwafa Bank, capitalised at MAD 50 million ($5.7 million).
The Under the brand "Dar Assafaa" , the company will market a range of Shari'ah-compliant financing, referred to as ‘alternative’ . The first four products, available through a network of nine branches, are based on Murabaha contracts and include:


- Safaa Immo: to finance real estate projects
- Safaa Auto: vehicle finance
- Safaa Cons: for the purchase of products and services
- Safaa Tajhiz: to equip your home

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Sixth Conference of the Islamic banks in Damascus

Embraces the Syrian capital Damascus sixth Conference of the banks and Islamic financial institutions in 24.25 May 2011, will shed light on the performance of Islamic banking industry and to identify factors for success in the global market.

Discuss and debate how to create an enabling environment for further expansion and growth of Islamic banking and recent developments in banking supervision systems and the challenges faced by banks and Islamic financial institutions.
The conference provides a valuable opportunity to exchange ideas with specialists in the Islamic banking industry and to listen to multiple perspectives on the most important issues of Islamic finance at the present time.

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