Tuesday, 12 October 2010

The week in review - Oct 2 - Oct 10, 2010

In Turkey, the exit of the ULKER-family out of the financial sector was the most remarked event.  The direct shareholdings in Turkiye Finans and Albaraka Turk were transferred to the Yildiz-group structure and there was a clear exit of the interests out of BMD Securities in favor of the Boydak-group.

Turkey did host the COMCEC meeting, that proved to fulfill the expactations and Moody's upgraded Turkey's ratings.

On the international level, the establishment by the IFSB (Singapore) of the International Islamic Liquidity Management Corporation (to be hosted in Malaysia) caught the headlines.  Liquidity management always has been a weak spot for the Islamic banks and this international initiative is timely.

There were some new publications of ISRA and a study of the IMF - Islamic banks: more resilient to the crisis ?

In the VIDEO-section you can find some more publicity clips from the Participation Banks.

Hereunder are the links :

FINANCE - EVENTS - Turkish state minister visited the 13th MUSIAD International Fair

BANKING - The IFSB announces the establishment of an International Islamic Liquidity Management Corporation

PUBLICATIONS - ISRA - An Analysis of the Role and Competency of the Shari'ah Committees (SCs) of Islamic Banks and Financial Service Providers

PUBLICATIONS - ISRA - Islamic pricing benchmarking

LIFESTYLE - Islamic search engines - Imhalal.com and Taqwa.me

REPORTS - Participation Banks Association Turkey - Sector as per 06-2010

FINANCE - Moody’s increases Turkey’s rating outlook to positive

PUBLICATONS - REPORTS - IMF - Islamic Banks: More Resilient to Crisis?

CAPITAL MARKETS - REPORTS - IFIR 2010 - Islamic fund assets remained flat in 2009

CONFERENCE - Istanbul to host 26th session of COMCEC

BANKING - Ulker Family leaves the finance sector (Turkiye Finans, BMD, Albaraka Turk)

BANKING - Turkey's Gozde says buys 10.26 pct of Turkiye Finans

LAW - CONTRACTS - No Shariah Rules for Breaking Deals Gets Regulator Review: Islamic Finance

CAPITAL MARKETS - Islamic ETFs: Here to Stay?

FINANCE - Islamic Private Equity Firms Encouraged to Revisit their Business Model