In this issue, MIF Monthly speaks exclusively to Dato’ Dr Nik Norzrul Thani on his new role as chairman of Zaid Ibrahim & Co and his plans to take the firm’s experience in Islamic banking and finance to the international playing field. He shares his thoughts on the legal framework in Malaysia and the newly established advisory company, ZI Shariah.
For our cover story, Shabnam Mokhtar puts exchange-traded funds (ETFs) under the microscope. She discusses the history and structure of this instrument in Malaysia as well as the relevant issues in boosting the growth of Shariah compliant ETFs.
Aseambankers, in its recent RM300 million (US$95 million) Sukuk Musharakah with detachable provisional rights to allotment of warrants issued by WCT Engineering, paved the way for another milestone in the Malaysian Islamic capital market. In this issue, they discuss the Sukuk Musharakah with warrants in the form of a case study and unveil the uniqueness of this innovative Islamic instrument.
Our regular AIBIM section features the views of several AIBIM members on liquidity in the Middle East and its effects on Malaysia’s Islamic finance industry, the rising number of players and how they cope with the hazards of retaining staff.
As mergers, acquisitions and joint ventures are sure signs of a burgeoning market, Azmi & Associates and Illiayas capitalize on their combined strength to compete in the fast-growing Islamic finance industry. MIF Monthly features the official merger of the two firms and reports on the future plans of the new entity.
Other must-reads include an article contributed by AmInvestment on the innovations in Sukuk structures in Malaysia, as well as a commentary on Islamic overdraft facilities by Ibrahim Hassan of Maybank Islamic.
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