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KFH research’s participants at banking summit in Singapore
Two-day event held in Singapore KFH Research takes part in banking summit

KUWAIT CITY, June 29: “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 $1.427tln 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 $1.7bln 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 $44.5bln, which is 1.6% higher than the $43.8bln volume in 4M13.

Widely
The total value of global Islamic finance assets in 2014 is widely projected to surpass $2tln 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.

KFH Research is the world’s first Islamic Investment Research & Advisory arm backed by an Islamic bank, and a 100%-owned subsidiary of Kuwait Finance House, Kuwait. Our main role is to advance Islamic finance through our research and Islamic advisory capabilities in global markets. Our publications and research act as a conduit between the GCC and Asia and the rest of the Islamic financial markets. We cover Global Markets, and have a substantial pool of clients from sovereign wealth funds in the GCC and Asia, central banks, regulatory bodies, multilateral organisations, government-linked entities and corporate clients. As of today, we are the proud recipient of 17 Global Islamic Finance Awards since inception in 2006.

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