Although the industry remains somewhat crowded and highly competitive, a recent push for consolidation, including ongoing hikes in capital requirements, should keep the sector on a strong upwards trajectory in 2015 and beyond. The industry stayed resilient despite the destruction caused by Typhoon Haiyan in November 2013, with double-digit increases in investments and assets in 2014. While the...
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Chapter | Capital Markets from The Report: The Philippines 2015
Despite having one of the oldest stock exchanges in Asia and a relatively advanced bourse for its level of economic development, the Philippines lags behind the leading South-east Asian exchanges. However, as domestic liquidity surged and foreign investors gradually returned after a general flight from emerging markets in 2013, the country’s capital markets were riding a wave of optimism in...
A positive feedback loop is at work in which banks are increasingly driving economic growth, supported by inflows of foreign investment and from Filipinos working abroad, while growing trust in the banking system is drawing greater volumes of savings. With real GDP roughly doubling between 1999 and 2014, bank deposits as a share of GDP also rose, from 40% in 1999 to 52% in 2014, while the...
The Islamic debt market in Jordan is set to capitalise on growing worldwide interest in sukuk (sharia-compliant bonds) after long-awaited regulations allowing banks to issue and buy the financial instrument have been put in place, paving the way for a sovereign issuance.
Articles & Analysis | The emirate has established itself as a key sukuk market from The Report: Abu Dhabi 2015
The rise of sukuks (Islamic bonds) as an alternative to conventional bonds has been an interesting trend in the Islamic financial services (IFS) sector. Starting from its initial flourishing in Malaysia and the GCC, the sharia-compliant instrument is gaining popularity in its traditional markets, and is being viewed with increased interest in...
Interviews & Viewpoints | Tirad Al-Mahmoud, CEO, Abu Dhabi Islamic Bank: Interview from The Report: Abu Dhabi 2015
To what extent has the development of comprehensive Islamic product offerings achieved parity with conventional offerings?