EVENTS - IFSB - Malaysia Leverages its Islamic Finance Experience to Promote Global Financial Linkages at Country Showcase during 9th Annual IFSB Summit in Istanbul

www.ifsb.org -Malaysia Leverages its Islamic Finance Experience to Promote Global Financial Linkages at Country Showcase during 9th Annual IFSB Summit in Istanbul

Kuala Lumpur, 10 May 2012 – Malaysia will showcase its vast experience in Islamic banking and finance with a Country Showcase event preceding the 9th Annual Summit of the Islamic Financial Services Board (IFSB) which is scheduled to be held on 16 - 17 May 2012 at the Swissotel, The Bosphorus in Istanbul, hosted for the first time by the Central Bank of the Republic of Turkey. (source)

MALAYSIA - BANKING - Financial Sector Blueprint 2011 - 2020

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BANKING - Turkey capitalizes on participation banking ties

Perhaps it is not surprising that the 9th Annual Summit of the Islamic Financial Services Board (IFSB) will be hosted by the Central Bank of Turkey (CBT) on May 16-17, 2012 in Istanbul. At the meeting of the central banks & monetary authorities of the OIC member countries which was organized by the Ankara-based SESTRIC, the statistical and research organization of the OIC, and hosted by Bank Negara Malaysia, the central bank, in Kuala Lumpur last week, Erdem Basçı, governor of the CBT, was indeed a busy man. (source)

CAPITAL MARKETS - KFH unit’s second sukuk stirs delight in Turkish markets

As Kuveyt Turk Participation Bank (KTPB), which is majority owned by Kuwait Finance House (KFH), one of the largest Islamic banks in the world, ponders the successful closure last week of its $350 million 5-year Sukuk Al-Ijara, its second issuance to date, there is already talk of future forays into the global financial market to raise even longer term funding subject to the usual caveats of timing and market conditions. (source)

EVENTS - The Future of Islamic Finance "Creating Global Linkages and Connectivity to the Growth Real Economy to Promote Financial Stability Economic Growth, Employment and Prosperity" by Tun Mahathir bin Mohamad in Istanbul, Turkey

SPEECH BY
TUN DR MAHATHIR BIN MOHAMAD
IN ISTANBUL, TURKEY
0N 29 SEPTEMBER 2011THE FUTURE OF ISLAMIC FINANCE
“CREATING GLOBAL LINKAGES AND CONNECTIVITY TO THE REAL ECONOMY TO PROMOTE FINANCIAL STABILITY ECONOMIC GROWTH EMPLOYMENT AND PROSPERITY”

1. I would like to say thank you to the Malaysian central bank or Bank Negara Malaysia for this invitation to speak before this distinguished gathering of financial experts and others.  (source)

EVENTS - Bank Negara Malaysia held Islamic Finance Seminar with Turkish Financial Community

BNM.GOV.MY - Bank Negara Malaysia recently held a seminar on Islamic Finance in Istanbul, Turkey, in support of the Malaysia International Islamic Financial Centre (MIFC) initiative. Tun Dr Mahathir Mohamad, former Prime Minister of Malaysia delivered his Special Keynote Address at the event. The seminar was held from 28-29 September 2011. (source)

REGULATIONS - BNMalaysia consults market on Shariah parameter for Istisna contracts

By MUSHTAK PARKER | ARAB NEWS

Published: Jan 3, 2011 00:42 Updated: Jan 3, 2011 00:42 

Bank Negara Malaysia (BNM), the central bank, last week published the draft of its latest Shariah consultation on Islamic financial products, the "Concept Paper of Shariah Parameter Reference 5: Istisna Contract (SPR5)". According to BNM, SPR5 is aimed at becoming the true source of reference on the nature and features of the Istisna contract for the Islamic financial services industry and to facilitate the consistent implementation of the contract in the Malaysian financial market.

BANKING - MEGA BANK - Malaysia's central bank still reviewing Islamic mega bank bids

Malaysia's central bank said on Wednesday it was still reviewing offers to set up mega Islamic banks, suggesting it could miss its target of awarding a licence this year as the industry struggles to create a well-capitalised sharia lender.

Bank Negara Malaysia is offering up to two new Islamic banking licences to foreign firms to set up banks with at least $1 billion of paid-up capital, a move that the industry hopes will spur more lending and create bigger Islamic banks that can compete with global lenders.

LAW - Malaysia sets up committee to enhance its legal framework as ‘The Laws of Choice’ for Islamic finance transactions

IN a move to position and strengthen its existing legal framework as ‘the Laws of Choice’ for Islamic financial transactions, Bank Negara Malaysia, the central bank, last week established a Law Harmonization Committee (LHC) comprising members from among key government stakeholders, including the Attorney General's Chambers as well as industry players and experienced Islamic finance legal practitioners.