“KFH Research”, a subsidiary of Kuwait Finance House Group KFH-Group participated at the 5th World Islamic Banking Conference Asia Summit in Singapore, as a platinum strategic partner/ sponsor.
“KFH Research” distributed, in this important event that is supported by KFH Bahrain and KFH Malaysia, Islamic finance research report titled “Islamic Finance 1Q2014: Performance Review”. The Report analyses performances of various Islamic finance segments globally including Islamic banking, sukuk, takaful and Islamic funds. The value of global Islamic banking assets reached approximately USD1.427tln by end-2013, having recorded a CAGR of 17.4% between 2008 and 2013. The Islamic banking sector, which comprises the majority of global Islamic finance assets, is forecasted to amount to more than USD1.7bln by end-2014. The global primary sukuk market in 2014 year-to-date (YTD) has begun on a slightly improved footing as the first four months of the year saw new sukuk issuances volume amount to USD44.5bln, which is 1.6% higher than the USD43.8bln volume in 4M13. The total value of global Islamic finance assets in 2014 is widely projected to surpass USD2tln as early by the third quarter of this year, given a promising momentum in the first quarter and a range of initiatives planned for the upcoming periods by public and corporate stakeholders alike involved in Islamic finance in various continents, as highlighted in the Report.
The two-day event was attended by H.E. Ravi Menon, Governor of the Monetary Authority of Singapore, H.E. Zainul Abidin Rasheed, Singapore Ambassador to Kuwait and Foreign Minister’s Special Envoy to the Middle East, in addition to regulators and key industry leaders, financial institutions and academics.