The Islamic finance assets base is likely to reach $1.5 trillion by 2012 with bright future growth prospects.
ICD has recently undergone a substantial shift in its operational strategy to address current market failures and expedite certain development…
In recent years Guernsey has seen an increase in Shariah-compliant investment funds.
Guernsey has become an attractive jurisdiction for Middle East and Islamic investment business because of:
a.) Regulation – Guernsey is a well-regulated jurisdiction a…
GFH shareholders approved plans to raise up to $500 million through a convertible Murabaha to strengthen capital base and fund growth strategy, a 4:1 share consolidation and other capital reduction measures, and an increase in GFH’s stake in Khaleeji…
His Excellency Ahmed Humaid Al Tayer, Chairman of Emirates NBD officiated the launch.
A focus of the bank’s Singapore branch will be on wealth management, targeting High Net Worth Individuals (HNWI) from the Middle East who would like to base part of t…
Masraf Al Rayan is to provide QR2bn funding to Al Meera Consumer Goods Company for financing its development and expansion plans.
Al Meera expressed its pleasure in implementing the development and expansion plans through the establishment of new branc…
BMI Bank and Tamkeen have launched a new Sharia-compliant financing scheme for enterprises within the local private sector to bolster the segment within the country.
As part of the agreement, Tamkeen will guarantee 50% of the total financing amount as …
The Organization of the Islamic Conference based in Jeddah hired Standard & Poor’s to start an index of about 50 of the most-traded stocks in the first quarter of 2011.
The index, which will track listed equities that comply with Islam’s ban on…
SCC has teamed up with AmIslamic Banking Bhd that will provide a RM100mil Islamic banking facility in the form of a revolving credit scheme and term financing with the underlying contract, Bai’ Inah.
Chief Minister Datuk Musa Aman launched the i-Exec…
An Islamic trade body has been set up in the UK to promote Islamic finance and to campaign for a sterling-based Sharia bond.
The group consists of bankers, accountants, lawyers, and educational bodies that want to lobby the government to launch a Sukuk…
Dubai’s government has hired CIMB Investment Bank Bhd as a lead arranger to help sell Islamic bonds in Malaysia. The plan is still being discussed and timing of the sale hasn’t been decided.
