‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
UK sukuk plan could spark wider Islamic finance renaissance October 29, 2013 DAVID CAMERON’s plan to issue a £200m sharia-compliant government bond (a sukuk) may spark a drastic rise in Islamic financial activity in the West, a leading analyst says. “The lack of sharia-compliant debt instruments outside the Muslim world has acted like a funnel, creating a mismatch between supply and demand,” says Sayd Farook, Thomson Reuters’s [...]
Karzai calls for further trade liberalisation October 29, 2013 Afghan President Hamid Karzai yesterday called for trade liberalisation in order to help poorer nations close the gap with the developed world. Speaking at the opening of the World Islamic Economic Forum, Karzai said that “the challenge of reducing inequality among nations must also be addressed through liberalising trade. In particular, ensuring free access to [...]
Female empowerment crucial to growth October 29, 2013 Malaysian Prime Minister and World Islamic Economic Forum patron Najib Razak gave the opening address of this year’s Forum, using his speech to raise the issue of female labour participation rates in the Islamic World. “It is time to put women at the heart of our economic system,” he said. “Greater involvement of women in [...]
WIEF 2013 today October 29, 2013 Face to Face – Smart Cities ■ 9am to 10am ■ Boris Johnson, mayor of London ■ Lauren Taylor, presenter, Aljazeera English, UK Designing the Future – Why do we need Smart Cities? ■ 10am to 11.30am ■ Neil M Denari, founder, Neil M Denari Architects, United States ■ Professor Dr Uwe Krueger, chief executive, [...]
London looks to build on Islamic investment lead October 28, 2013 A GUIDING principle of the World Islamic Economic Forum is that business and trade connections can bring the Muslim and non-Muslim worlds closer – politically, culturally, and economically. Today, speakers including Lord Green, the UK’s trade and investment minister, Kamal bin Ahmed, acting chief executive of Bahrain’s Economic Development Board, and Jaguar Land Rover chief [...]
Why business is key to uniting East and West October 28, 2013 TODAY the ninth World Islamic Economic Forum (WIEF) meets for the first time outside a Muslim country. And it’s happening here in London, the UK’s cosmopolitan and inclusive capital. There has never been a more important time for Western and Islamic countries to work together. We’ve discovered that, when people get together for business, they [...]
Why bringing Islamic culture to London has a powerful business case October 28, 2013 WHILE the serious business of growth and economics will be top of Forum delegates’ minds today, from tomorrow a free festival of the creative industries will showcase how culture, art, and creativity can play a crucial role in economic empowerment. The Marketplace of Creative Arts festival (MOCAfest), running tomorrow and Thursday from 10am to 10pm, [...]
Cameron to announce West’s first Islamic government bond October 28, 2013 THE PRIME Minister will today announce that he wants Britain to be the first country outside the Islamic world to issue a sovereign sukuk – an Islamic bond-like instrument. In his speech at the World Islamic Economic Forum today, David Cameron will say that the Treasury is working on the practicalities of issuing a sukuk [...]
Forum leader rings London Stock Exchange opening bell October 28, 2013 World Islamic Economic Forum Foundation chairman Tun Musa Hitam opened yesterday’s trading session at the London Stock Exchange alongside Alexander Justham,chief executive of London Stock Exchange Plc. “We have arrived,” Musa Hitam said after the event. He hailed the opening as a mark of the importance of Islamic finance to the capital. “There is no [...]
Deals worth billions to be struck this year October 28, 2013 An estimated £5.8bn worth of deals were struck at the eighth World Islamic Economic Forum, held last year in Malaysia. The biggest involved Singaporean billionaire Peter Lim, who agreed to build a motorsports hub in Iskandar, Malaysia, for $1.4bn (£870m). And with a record number of delegates set to attend this year’s event – around [...]
