Eine wissenschaftliche Untersuchung hat eine wachsende Kluft zwischen Arm und Reich aufgezeigt und damit neue Kritik am Sparpaket der Bundesregierung ausgelöst. Nach dem Gutachten des Deutschen Instituts für Wirtschaftsforschung DIW schrumpft die Mittelschicht, zudem haben Menschen mit geringen Einkommen immer weniger Geld. Opposition und Gewerkschaften forderten Schwarz-Gelb zur Umkehr in der Sozialpolitik auf. Nach der […]
Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank of the United Arab Emirates (UAE) and Rashid Mohammad Al Maraj, Governor of the Central Bank of Bahrain both have called for reforms in improving the foundations of Islamic finance for it to expand globally.
Such refroms includes rulings by Shari’ah boards to be better co-ordinated and harmonised to enable the setting of credible standards. In addition, a clearer distinction also needed to be defined between profit to shareholders and profit to investors and depositors.
Islamic banks account for 16 per cent of the UAE’s banking system and 11 per cent of Bahrain’s banking system.
A special fund which receives contributions to be given out for scholarships, research and development activities called the „Dana Khas INCEIF“ has been set up by the International Centre for Education in Islamic Finance (INCEIF).
Set up by Bank Negara Malaysia in 2006, INCEIF, the global university for Islamic finance has received contributions totaling RM909,146 from a number of local and foreign financial institutions.
Contributions have been channeled to INCEIF’s funds, namely the Financial Assistance and the Fisabilillah Trust Fund.
A total of RM798,240 or 88 per cent of the total amount received have been disbursed to 251 deserving students as of to date, both to Malaysians and non Malaysians including Indonesia, Singapore, South Korea and India, all based on their academic results and potential contribution to the Islamic finance industry.
Tharawat plans to invest in a Saudi Arabia real estate project in the third quarter worth $50-$60m. Director of investment Abdulaziz Saad Al Resai said a startegic investor has pledge to invest $30m in an industrial estate in Riyadh.
The company is also looking to set up 2-3 more funds investing in Saudi Arabia’s property market by the end of this year. According to Al-Resais Saudi Arabia’s property market was least affected by the housing glut and the financial crisis in the Middle East.
Although Dubai and the euro zone debt crises had hurt its plan to raise $100 million in 2009 for its sukuk fund, it managed to raise between $10-20m so far due to the global market volatility.
Al Resais said this due to the concern in the fixed income market in general, not particularly sukuk. He hopes to have more information being disseminated so that investors will be able to differentiate between sukuk and conventional bonds in the future.
Bangladesh has seen the importance of the „halal“ branding to its local market. Although Islamic finance started off early in the 90s in Bangladesh, the industry suffers from several imperative foundations such as lack of unified Shariah rulings, absence of an Islamic inter-bank money market , absence of courses in universities on Islamic financial products, shortage of skilled personnel who are well-versed in the complexities of this specific sector, and difficulty in identification of Shariah-compliant production and service chains are holding back potential of local financial institutions, local manufacturers, and service providers from signing up on this new economic wave.
Not much success has been achieved over the years when Bangladesh worked with Malaysia’s Halal Development Corporation and other partners of the D-8 (eight developing Islamic countries) despite the fast setting up infrastructure, guidelines and facilitative bodies to cash in on the Islamic branding potential in Japan, Korea, Indonesia, Malaysia, China and even India.
annual result • 7.2 per cent sales growth • EBIT margin at 24.2 per cent • Proposed dividend of 1.10 euros The P&I Group recorded sales of 63.3 million euros in fiscal 2009/2010 (April 1 2009 to March 31, 2010) (previous year: 59.0 million euros) and earnings before tax and interest (EBIT) of 15.3 million […]
Der internationale Technologie-Konzern ANDRITZ wird im Rahmen der Errichtung des Wasserkraftwerks Ilisu, Türkei, elektromechanische Ausrüstung im Gesamtwert von rd. 340 MEUR liefern. Nach der zwischenzeitlichen Suspendierung der Lieferverträge sind nunmehr sämtliche Voraussetzungen für die Wiederaufnahme geschaffen, sodass der Auftrag voraussichtlich im 2. Quartal 2010 als Auftragseingang verbucht werden kann. Der Lieferumfang von ANDRITZ HYDRO umfasst […]
conwert: freiwilliges Übernahmeangebot für ECO Business-Immobilien AG + conwert Immobilien Invest SE kündigt freiwilliges Übernahmeangebot für ECO Business-Immobilien AG an + Angebotspreis von EUR 6,50 pro Aktie liegt 34,3 % über 6-monatigen volumengewichteten Durchschnittskurs + Mindestannahmequote beträgt 50% + 1 Aktie des Streubesitzes + Übernahme ermöglicht rasche und effiziente Hebung von verborgenen Werten im Sinne […]
Infosys Technologies Ltd gab heute die Markteinführung der digitalen Kundenplattform Infosys iEngage(TM) im Rahmen eines Software-as-a-Service (SaaS) Vertriebsmodells bekannt. Mit Infosys iEngage(TM) können Unternehmen die Beziehungen vertiefen, Innovationen beschleunigen sowie Umsätze steigern – und dies mit einem Komfort, der sich nur mit einer zentralen Abrechnungsstelle erreichen lässt. Die Plattform, die sich Topangebote der Branche von […]
Sonstige Kapitalmarktinformationen übermittelt durch euro adhoc mit dem Ziel einer europaweiten Verbreitung. Für den Inhalt ist der Emittent verantwortlich. ——————————————————————————– Anleihe: EUR 50.000.000 DZ BANK Brief Stufenzinsanleihe von 2010/2015; ISIN: DE000DZ1H4B7; Reihe: 2762; Valuta: 15.06.2010 Anleihe: EUR 75.000.000 DZ BANK Banken-CLN 2010-15 variabel verzinsliche Credit Linked Teilschuldverschreibungen mit Mindestzinssatz und Höchstzinssatz und Zinsausfall und Anleihenandienung […]
