GERMANY - EVENTS - Frankfurt - IFSB Workshop on Islamic Finance (Jan 26, 2012)

Category	:	Awareness Programme
Name	:	[EVE00173] Workshop on Islamic Finance
Description	:	This Workshop is hosted by the European Central Bank and participation in this Workshop is by Invitation only. For more information, please email to Ms. Yazmin Aziz at yazmin@ifsb.org
Start Date	:	26/01/2012	End Date	:	26/01/2012
Venue Name	:	Room CII (36th floor Eurotower), European Central Bank
City	:	Frankfurt
Country	:	GERMANY
Event Website	:	-
Registration	:	program hereunder or visit website IFSB

UK - LUXEMBOURG - London and Luxembourg battle over sukuk listing domicile

London and Luxembourg are engaged in a friendly “battle of the listings domicile” especially for sukuk and Islamic investment funds, and its seems that the London Stock Exchange (LSE) currently has the upper hand on its counterpart in the Duchy, Luxembourg Stock Exchange.

In a short and simple announcement on June 1, the London Stock Exchange welcomed "the listing of another two sukuk bringing the total number of sukuk which have listed on the exchange to 33 and the total money raised to $19.4 billion." The two latest listings coup include the IDB Trust Services Ltd.’s $750 million Trust Certificates, and the SIB Sukuk Company II Ltd.'s $400 million Trust Certificates which are due on May 25, 2016. (source - arabnews)

EU - ECB’s Mersch Says Islamic Banks May Suffer More in Downturns

European Central Bank Governing Council member Yves Mersch said Islamic financial institutions may be more vulnerable to economic slumps.

“Islamic banks may suffer more from the real economic downturn that normally follows financial turbulences as the losses of the customers are partly shared,” Mersch said at a conference on Islamic finance in Frankfurt today. “Moreover, the lack of product standardization and the missing harmonization of Islamic standards in general pose risks to the management of liquidity.”