2011: Year of Shariah Compliant Index Out Performance

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2011: Year of Shariah Compliant Index Out Performance(0)

January 17, 2012

By Rushdi Siddiqui, Global Head of Islamic Finance, Thomson Reuters

“The proper man understands equity, the small man profits.” Confucius.

The year 2011 was the year for [Malaysia] Shariah compliant index out-performance against all conventional developed and emerging market country indicies and almost all frontier countries.

The Islamic finance industry has not talked up the Islamic equity capital market story, as the Islamic debt capital market poster child, ‘Sukuk,’ has become the alter-ego of Islamic finance. But, does that amount to concentration brand and business risk for a $1 trillion, where Sukuk are, at best, 20% of Islamic finance?
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BRIC: Growth Engine Or Bloody Ridiculous Investment Concept (BRIC)?(0)

: Renato Ganoza /Foter

Goldman Sachs takes stock of its 10-year BRIC investment model, adding new countries such as Egypt and Iran in the mix. But Societe Generale ridicules the BRIC acronym, calling it a Bloody Ridiculous Investment Concept. READ MORE HERE

The Kurdish Conflict: The Real Challenge To Turkey’s Democracy(0)

: openDemocracy /Foter

By Alon Ben-Meir

In the wake of the Arab Spring and Prime Minister Erdogan’s championing of political reforms throughout the Arab world, it has now become more urgent than ever before to find an equitable solution to the Turkish-Kurdish conflict. Short of finding an immediate resolution to this debilitating struggle will not only severely compromise Turkey’s suggested model of successfully combining Islam and democracy, but it will additionally bankrupt its moral standing as it willfully continues to discriminate against 15 million Kurds who represent one-fifth of its population.
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SPECIAL COMMENT: Does Islamic Finance have A.I.R. (Authenticity, Innovation & Reach)?(0)

At the Joint High Level Conference on Islamic Finance in Jakarta, Indonesia, co- organized by Bank Negara Malaysia and Bank Indonesia, the question I wanted to address was:

Does Islamic Finance have A.I.R. (Authenticity, Innovation & Reach) or is it just hot air?
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The Case For Muslim BRIC: Saudi, Ankara (Turkey), Malaysia & Indonesia, or SAMI(1)

By Rushdi Siddiqui, Global Head, Islamic Finance & OIC Countries, Thomson Reuters

The investing and financing world is about country linkages that are economic and financial opportunities clustered as growth stories. The most recognized country linkage is BRIC - Brazil, Russia India and China - it conjures mental images of geographies, growth, size, demand, etc.

Another term that is increasingly invoked by businesses looking for opportunities is ‘RDE,’ or Rapidly Developing Economies, and includes examples of Brazil, China, India, Mexico, and so on. To put theory into practice, globally committed companies, like Thomson Reuters, have established positions like Global Head of RDE.
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