Information package (Eng,French, Arabic,Japanese) https://www.academia.edu/30124458/Jordan_closes_its_Inaugural_Sovereign_Local_Currency_Sukuk_INFORMATION_PACKAGE_
Read MoreMohammed Khnifer
From a 19-storey tower in Jeddah, the offices of the Islamic Development Bank (IDB) overlook the Red Sea toward over half of all countries in the world where the multilateral development financing institution aspires to continue transforming the landscape of human development through “providing resources, fighting poverty, restoring human dignity”.
Read MoreI venerate those self-propelled individuals who have not ascended to their current position through the ‘plague of our age’: nepotism. I look up to that rare breed: those who persevere in the face of nepotism to attain the highest of positions. I salute those who were not employed or promoted
Read MoreWhen the first Islamic low-cost carrier took to the skies over the last days of 2015, it was signalling for the start of a new dawn for the Halal travel industry. Malaysia’s Rayani Air is a ‘spin-off’ for the pioneering traditional Islamic full service carriers (eg Royal Brunei, Saudia and Iran Air). Rayani, already
Read MoreThe founding father of non-interest banking in Nigeria was waiting for that special moment, in 2012, to mark a turning point in the country’s financial sector. Nigerians from all walks of life were to bank with the first institution aimed at extending non-interest commercial facilities in the country. Those depositors
Read MoreThe first thought that crossed my mind when I heard the phrase ‘Marriage Takaful’ was, did we just launch an insurance policy which will compensate the divorcee(s) from the high cost incurred by a divorce? All hopes were dashed. The product of ‘Marriage Takaful’ refers to a savings plan scheme,
Read MoreAlmost every month I receive academic enquires or a request for career advice from Islamic finance students. I always keep wondering who will make the cut and join our industry. This is the sad story of how the Islamic finance industry is losing its young prospective foot soldiers. I have
Read MoreEurope’s top business schools are sending a message: “MBA holders may no longer be able to push the envelope of financial innovation.” The rapidly changing spectrum of investment and wholesale banking requires its match of Master of Science (MSc) specialized finance degrees. The good old days when a human resources
Read MoreStructuring Challenges Stifle Contingent Convertible Islamic Bonds
Contingent Convertible Sukuk could open doors of opportunity for Islamic banks, but issues have to first be addressed. We have seen in the past how some universal banks accepted capital injection from outside investors in what would be described as unfavorable terms for main shareholders. In order to hedge this
Read MoreThe duality of Saudi Arabia's first sovereign sukuk The media has reported that the Saudi Arabian General Authority for Civil Aviation's sukuk, which raised SAR 15 billion, is structured as a Murabaha product. However, if you look closely at the offer document, it is clear that there are two structures
Read More"EuroWeek report:" This week Khnifer made his first public statement on the Goldman sukuk since publishing that report last year. Saudi Arabia's non-profit Alfaisal University, which was founded by a consortium of Harvard, Cambridge and MIT, invited Khnifer to speak at its College of Business as undergraduates undertook a case
Read MoreDec. 21 (Bloomberg) -- Goldman Sachs Group Inc., the fifth biggest U.S. bank by assets, has become entangled in a debate about how Shariah compliant its $2 billion Islamic bond program is, which may diminish the allure of Islamic debt. Advisers including Riyadh-based Mohammed Khnifer of Edcomm Group Banker’s Academy
Read MoreFinancial Times Interview over my Research Note on Goldman Sachs’ Reverse Tawarruq Sukuk
The original research note that ignited the debate was published on the 1st of Dec (kindly follow the link) http://bit.ly/ulykYj I was asked by prospective investors to provide independent analysis over the controversial structure of GS sukuk. After destructuring the sukuk, it was clear to me it was financially engineered
Read MoreGoldman Sachs claims that its $2 billion Sukuk programme follows a Murabaha structure, Mohammed Khnifer claims otherwise – that it is nothing more than a reverse Tawarruq. What follows is an in-depth review of GS sukuk Offering Circular. To continue, please follow the link: http://reading.academia.edu/MohammedKhnifer/Papers/1209426/Disclosure_of_3_Flaws_in_Goldman_Sachs_2_Billion_Islamic_Bonds --------------------------------- Mr. Khnifer was interviewed
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