IIFM releases Sukuk Report on its newly redeveloped website

NEWS RELEASE
For Immediate Release
For More Information, Please Contact:
Usman M. Naseer, IIFM, + 973 17500161, usman.naseer@iifm.net

IIFM releases Sukuk Report on its newly redeveloped website

BAHRAIN, Wednesday, 24th Feb, 2010 – The International Islamic Financial Market (IIFM) today released its Sukuk Report (1st Edition) and the Sukuk Issuance Analysis 2001-2009 on its newly developed website.  “Information and specific Islamic Capital and Money Market research is part of IIFM’s mandate and although IIFM has been providing Sukuk issuance analysis for some time, this report covers Sukuk history, trends, specific case studies and recent developments in the international Sukuk market which will be helpful to IIFM members and the industry at large,” said Mr. Ijlal Ahmed Alvi, Chief Executive Officer of IIFM.  He also said that IIFM plans to cover other topics such as restructuring and defaults, short-term Sukuk, floating vs fixed rate analysis and other case studies in the next edition.

The report is available on IIFM’s newly redeveloped website (www.iifm.net), which now has very easy access to documentation and other information modules. It is user friendly with easy to navigate tools. The technical layout has been developed by the IIFM team and Mr. Alvi congratulated them on their efforts. The enhancement work will continue for the next few months with the aim to have a comprehensive information portal for the industry.

About IIFM
IIFM is the global standard setting body for the Islamic Capital & Money Market segment of the IFSI. Its primary focus lies in the standardization of Islamic products, documentation and related processes. IIFM was founded with the collective efforts of Central Bank of Bahrain, Central Bank of Indonesia, Central Bank of Sudan, Labuan Offshore Financial Services Authority (Malaysia), Ministry of Finance (Brunei Darussalam) and Islamic Development Bank (Saudi Arabia).  Besides the founding members, IIFM is supported by its permanent members namely State Bank of Pakistan and Dubai International Financial Centre (UAE). IIFM is further supported by a number of regional and international financial institutions as well as other market participants as its members. Information about IIFM is available at www.iifm.net.