The Board of Directors of Pak-Qatar Family Takaful (PQFTL) has decided to further invest in the company by issuing right shares up to 33 percent of the base capital. This was decided at the Board of Directors meeting of Pak-Qatar Family Takaful held in…
Islamic Development Bank has signed four agreements with the Republic of Gambia to finance new development projects totaling $46 Million.
The two financing project agreements were signed by Dr. Ahmad Mohamed Ali, the IDB President and Abdu Cooley, the …
A report prepared KFHR Limited, a subsidiary of Kuwait Finance House (KFH), brought attention to the fact that the financing deals in compliance with the provisions of Islamic Sharia’a contributed to the growth of aviation and shipping sectors in the r…
Bank of London and The Middle East plc , London’s leading wholesale Sharia’a compliant bank, today announced the launch of BLMEFX, one of the world’s first Sharia’a compliant web-based FX trading platform to provide clients with direct access to multip…
HEWLETT-PACKARD (HP), the world’s largest technology company, has issued its maiden US$100 million (RM310 million) sukuk to part- finance the development and construction of its multi-million-dollar next generation data centre (NGDC) in Cyberjaya.
The …
SOUTH Korea is keen to foster further cooperation with Malaysia to beef up its Islamic finance and services sector that is at its infancy stage.
Korea Investment and Securities head of Islamic finance Yul-Hee Lee said there has been many enquiries made…
Malaysia, the world’s biggest market for Islamic bonds, will issue a license before the end of this year to a new Islamic bank that will be jointly established by institutions from Asia and the Middle East.
The newly formed entity will have a capital…
The Islamic Banking and Finance Institute Malaysia (IBFIM) has joined forces with Maldives Islamic Bank to set up the first Islamic bank in Maldives, which aims to be operational next January.
Both parties signed a memorandum of agreement (MoA) yesterd…
Islamic private equity funds in the Persian Gulf plan to take advantage of lower asset prices after the property market in Dubai tumbled as much as 50 percent from its peak in 2008.
Middle East and North Africa investment groups have about $10 billion …
Abu Dhabi Islamic Bank, or ADIB, the emirate’s largest Islamic lender by market value, is planning to sell five-year benchmark Islamic bonds, or sukuks, this week, according to people familiar with the matter.
Company officials, who have been on a se…
