"Bloomberg Professional® service executives have announced the launch of a Bloomberg Islamic Finance Platform (ISLM) in cooperation with the Association of Islamic Banking Institutions Malaysia (AIBIM), the launch of a Malaysian Ringgit (MYR) sukuk index to provide a benchmark for MYR sovereign sukuk investments. "
Imam Feisal Abdul Rauf is a very public figure in Malaysia. His father founded an Islamic Center where the Cordoba Initiative has an office, and where he publishes Islamic supremacist op-eds on world news concerning Islam.
Mayor Doomberg's new Islamic financial platform was clearly being set up during the Ground Zero mosque controversy last year.
Back on June 5th, I reported that Islamic supremacist Imam Rauf was a "prominent figure" in the Malaysian "Perdana Organization." Perdana funded the genocidal Jew-hating terrorist group behind the murderous attack on Jewish soldiers on the warship flotilla. Imam Feisal Abdul Rauf, a key figure in the Malaysian-based Perdana Global Peace Organization, according to its website, was the single biggest donor ($366,000).
Imam Rauf was quoted in Malaysia as having raised no objections to official calls for suicide bombing in America and Israel. (Malaysia Today)
Bloomberg launches Islamic Finance Platform (ISLM) hat tip Debra Burlingame
First Published Monday, 21 February 2011 from Automated Trader : Automated Trading News
Bloomberg releases comprehensive Islamic finance platform and launches AIBM’s MYR sukuk index
Bloomberg Professional® service executives have announced the launch of a Bloomberg Islamic Finance Platform (ISLM), a solution for Shariah-compliant products and services. Bloomberg also announced, in cooperation with the Association of Islamic Banking Institutions Malaysia (AIBIM), the launch of a Malaysian Ringgit (MYR) sukuk index to provide a benchmark for MYR sovereign sukuk investments. "The Islamic marketplace is growing rapidly and there is high demand for a wide range of resources," Dan Doctoroff, President of Bloomberg L.P, said from Kuala Lumpur. "Bloomberg is delighted to increase its commitment to serve this dynamic market, where we have nearly 20 years of experience in reporting on Islamic financial news, in all regions and across multiple asset classes."
Gerard Francis, Bloomberg's Global Head of Emerging Markets and Islamic Finance, said: "Bloomberg's Islamic Finance Platform provides the most complete, customizable and innovative solution available today. ISLM has the broadest set of Islamic finance data, analytics and proprietary news, significantly increasing market transparency. ISLM will give investment professionals the edge they need to make informed decisions and meet the increasing demands of investors and regulators."
The new Bloomberg ISLM platform has resources for investing in fixed income, equities and money markets that comply with Shariah including:
· Sukuk- News coverage, analytics and search tools of more than 1,500 Islamic bond issues globally including fatwa endorsements and structured diagrams of the financial instruments. It also includes credit ratings and searchable data on Islamic loans globally.
· Equities & Funds - Screening of over 35,000 Shariah-compliant stocks by prominent screening agencies. Database of more than 500 Islamic funds with ability to research and monitor debt, commodities, equities and exchange traded funds (ETFs).
· Islamic Community Database - Providing full transparency into more than 250 Shariah scholars with details on which sukuk they have rated, boards they represent and their fatwa endorsements. Also included is a listing of more than 70 Islamic banks and profiles on all prominent Islamic institutions and regulators.
· Regional specific content - Carrying the Malaysia International Islamic Financial Centre (MIFC) initiative's content, developed in collaboration with Bank Negara Malaysia and other MIFC community members; providing insights on Shariah, MIFC business opportunities and key developments; and listing the more than 90 community members for business connections.
The platform is integrated with the Bloomberg Professional® service. It supports Bloomberg's Order Management System (OMS) and Asset and Investment Management system (AIM).
The Bloomberg AIBIM Bursa Malaysia Sovereign Shariah Index (BMSSI) developed together with The Association of Islamic Banking Institutions Malaysia (AIBIM), provides a benchmark of performance for investors seeking exposure to Shariah-compliant Malaysian Ringgit-denominated Sovereign Issuances. The BMSSI will set a standard for increased transparency and provide performance measures for Islamic markets.
"The MYR sukuk index developed with Bloomberg will become the Islamic benchmark of choice for the Malaysian sukuk market and help stimulate the growth, competitiveness and sustainability of Islamic financial services," says Dato' Mohd Redza Shah Abdul Wahid, President, AIBIM. "With strategic partnerships and collaborative efforts, we can build an extensive and innovative leading-edge Islamic financial community that will succeed globally and enhance international presence for Islamic products and services."
Sheikh Dr. Mohd Daud Bakar, Managing Director, Amanie Islamic Finance Consultancy and Education, said: "Islamic finance represents important growth opportunities, and through the full range of institutions and products available, contributes to the expansion and intensity of the financial markets. Islamic products and services present feasible and competitive alternatives to conventional methods of investment. They are increasingly popular as financing and investment tools." "We are delighted to provide a unique solution for our customers. Our product and service should not only benefit the existing Islamic finance community, but potential new players in this rapidly growing market," says UAE-based Max Linnington, Regional Head Middle East and Africa, Bloomberg.