Dr Mohd Daud Bakar

Islamic banks urged to boost short-term syariah-compliant products

Islamic banks in the country Malaysia have been encouraged to present more short-term syariah-compliant products in order to attract foreign investors.
Dr Mohd Daud Bakar, Amanie Islamic Finance Consultancy and Education LLC managing director, stated that they always have investors in Malaysia looking for syariah-shariah compliant products.
He added that liquidity is not a problem in Malaysia because they have many products that can absorb the liquidity in the Islamic financial intuitions.

Global sukuk issuance next year may surpass 2007’s record US$34bil

The last few issuances had been oversubscribed and a similar trend was expected next year.
Amanie president and chief executive officer Dr Mohd Daud Bakar said elements of structured products were now being incorporated into sukuk as it helped render capital projection and certainty of return to investors.
Organised by Amanie, the Securities Commission and Bursa Malaysia, the International Syariah Investment Convention will be held from Nov 30 to Dec 1 in Kuala Lumpur.

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