An increase in competition in Islamic Finance
Banking under the guidance of Allah Oman Islamic banking is introduced as the last in the region of Money Islamic Europe are better than the Chinese Islamic response to the financial problems of the world Murabaha, or how to run a bank in accordance with the Quran Czechs speak of changing the pension system
Rapidly increases the supply of financial products, banking, insurance and debt securities consistent with the provisions of Islamic law. Currently under the management respects the principles of Sharia are assets with a value in excess of $ 1 trillion., flores em eva And it will be a lot more.
Since 1983, when Malaysia adopted a law on Islamic banking is concerned, it has become the world's largest issuer of Sukuk (Islamic bonds), and also leads in the rapidly flourishing Islamic finance industry, which in 2013 recorded double-digit growth. Malaysia, however, will have to act cleverly and innovatively in order to maintain this leadership role because an increase in competition from countries bordering the Persian Gulf and other financial centers - London, Singapore and Dubai.
The main difference between flores em eva Islamic finance and its traditional counterpart due to the fact that the Quran forbids usury (the taking of interest). The basis of Islamic financial services are so agreements providing risk-sharing and profit-making. There has, for example, loans to buy a car, but the bank buys the car from the client, and then gives it to him in the lease. Lending under Islamic law takes on a more conservative and less profitable flores em eva basis than the traditional financial world. The report "World Islamic flores em eva Banking Competitiveness Report" stated that the average rate of return on equity in the sector is 12.6 per cent., In the case of conventional finance is 15 percent. Although the rate of return is lower, but the positive aspect of Islamic finance is that it is recorded in these smaller share of non-performing loans in a timely manner whole loans. Bank Negara Malaysia (BNM, the central bank) reports that in April 2014, the rate for the Malaysian Islamic flores em eva banks amounted flores em eva to only 1 percent. The traditional banking sector is 1.3 percent. Leadership
Islamic flores em eva financial services industry to a great extent developed through close relationships between financiers, government and governing agencies. The first Islamic bank in Malaysia began to operate flores em eva in 1983, less than 10 years after the launch of Islamic banking in Dubai. Unlike in countries bordering the Persian Gulf, where they relied on the fact that the private sector will create and provide regulation of the industry in Malaysia, the first Islamic banking sector entities were sponsored flores em eva by the state. Encouraged them to rapid expansion.
Relations between the various agencies remained very close, and the rules and guidelines provided BNM special department called Shariah Advisory Council (Sharia Advisory Council, SAC). This collaboration of private and public flores em eva led to the creation of one of the most advanced systems of regulation of Islamic finance in the world. Ernst & Young Malaysia is placed flores em eva on top of the rankings of clarity.
To exert greater influence and support the development of the industry, Malaysia has established the Council for the Islamic Financial Services - an institution which is to establish international standards in the field of supervision and regulation, and the Malaysian Centre for International Islamic flores em eva Finance flores em eva - research center, which is designed to provide conscious leadership and innovation.
Focus on the industry contributes flores em eva to the stability of the Islamic financial services. In 2013, Malaysia has conducted emissions Sukuk with a value exceeding 76 billion dollars. This is over five times more than the emission tests conducted in Saudi Arabia, which is the most serious rival Malaysia. Future threats
Malaysia may, however, have trouble maintaining a leading position. More and more sophisticated consumers flores em eva and creators of regulations demanding better risk management, which poses a problem, as a result of the solutions institutional differences arise in terms of responsibilities between the long-term, flores em eva illiquid assets, such as houses and apartments, and short-term assets whose value can fluctuate. PricewaterhouseCoopers consulting agency reports that the council SAC began to allow some short-term market transactions to somewhat mitigate the urgent need for funding, although Islamic institutions could suffer big losses if the situation deteriorates to the Malaysian real estate market.
Among the problems should also mention the issue of implementation of international flores em eva capital requirements contained in the rules of Basel III, where there are no special arrangements for leasing solutions used in Islamic banking.
Other hazards created increasing competition. Competing with Malaysia financial centers are looking to make a profit
Banking under the guidance of Allah Oman Islamic banking is introduced as the last in the region of Money Islamic Europe are better than the Chinese Islamic response to the financial problems of the world Murabaha, or how to run a bank in accordance with the Quran Czechs speak of changing the pension system
Rapidly increases the supply of financial products, banking, insurance and debt securities consistent with the provisions of Islamic law. Currently under the management respects the principles of Sharia are assets with a value in excess of $ 1 trillion., flores em eva And it will be a lot more.
Since 1983, when Malaysia adopted a law on Islamic banking is concerned, it has become the world's largest issuer of Sukuk (Islamic bonds), and also leads in the rapidly flourishing Islamic finance industry, which in 2013 recorded double-digit growth. Malaysia, however, will have to act cleverly and innovatively in order to maintain this leadership role because an increase in competition from countries bordering the Persian Gulf and other financial centers - London, Singapore and Dubai.
The main difference between flores em eva Islamic finance and its traditional counterpart due to the fact that the Quran forbids usury (the taking of interest). The basis of Islamic financial services are so agreements providing risk-sharing and profit-making. There has, for example, loans to buy a car, but the bank buys the car from the client, and then gives it to him in the lease. Lending under Islamic law takes on a more conservative and less profitable flores em eva basis than the traditional financial world. The report "World Islamic flores em eva Banking Competitiveness Report" stated that the average rate of return on equity in the sector is 12.6 per cent., In the case of conventional finance is 15 percent. Although the rate of return is lower, but the positive aspect of Islamic finance is that it is recorded in these smaller share of non-performing loans in a timely manner whole loans. Bank Negara Malaysia (BNM, the central bank) reports that in April 2014, the rate for the Malaysian Islamic flores em eva banks amounted flores em eva to only 1 percent. The traditional banking sector is 1.3 percent. Leadership
Islamic flores em eva financial services industry to a great extent developed through close relationships between financiers, government and governing agencies. The first Islamic bank in Malaysia began to operate flores em eva in 1983, less than 10 years after the launch of Islamic banking in Dubai. Unlike in countries bordering the Persian Gulf, where they relied on the fact that the private sector will create and provide regulation of the industry in Malaysia, the first Islamic banking sector entities were sponsored flores em eva by the state. Encouraged them to rapid expansion.
Relations between the various agencies remained very close, and the rules and guidelines provided BNM special department called Shariah Advisory Council (Sharia Advisory Council, SAC). This collaboration of private and public flores em eva led to the creation of one of the most advanced systems of regulation of Islamic finance in the world. Ernst & Young Malaysia is placed flores em eva on top of the rankings of clarity.
To exert greater influence and support the development of the industry, Malaysia has established the Council for the Islamic Financial Services - an institution which is to establish international standards in the field of supervision and regulation, and the Malaysian Centre for International Islamic flores em eva Finance flores em eva - research center, which is designed to provide conscious leadership and innovation.
Focus on the industry contributes flores em eva to the stability of the Islamic financial services. In 2013, Malaysia has conducted emissions Sukuk with a value exceeding 76 billion dollars. This is over five times more than the emission tests conducted in Saudi Arabia, which is the most serious rival Malaysia. Future threats
Malaysia may, however, have trouble maintaining a leading position. More and more sophisticated consumers flores em eva and creators of regulations demanding better risk management, which poses a problem, as a result of the solutions institutional differences arise in terms of responsibilities between the long-term, flores em eva illiquid assets, such as houses and apartments, and short-term assets whose value can fluctuate. PricewaterhouseCoopers consulting agency reports that the council SAC began to allow some short-term market transactions to somewhat mitigate the urgent need for funding, although Islamic institutions could suffer big losses if the situation deteriorates to the Malaysian real estate market.
Among the problems should also mention the issue of implementation of international flores em eva capital requirements contained in the rules of Basel III, where there are no special arrangements for leasing solutions used in Islamic banking.
Other hazards created increasing competition. Competing with Malaysia financial centers are looking to make a profit
No comments:
Post a Comment