Moody’s withdrew its ratings on Saudi Arabia’s largest property developer Dar al Arkan, having its own reasons.
The agency’s withdrawal policy says that under certain circumstances, Moody’s will withdraw a rating for an issuer or an obligation for reas…
Arcapita Bank B.S.C. announced today that it and its affiliates have completed the sale of a portfolio of 29 senior living communities in the United States.
The portfolio is being acquired by a joint venture between Sunrise Senior Living, Inc. and CNL …
Gold is marginally higher in US dollars while silver has risen by nearly 1% in all major currencies this morning. Risk appetite remains high as seen in higher Asian and European bourses today.
The focus of markets is the Portuguese bond auction today a…
Qatar Islamic Bank is hunting for acquisition targets in Indonesia to strengthen its presence in Asia and tap demand for Shariah banking products in the world’s most populous Muslim nation.
Qatar Islamic is studying several potential candidates in In…
Islamic component in project finance will increase if longer tenor instruments become available.
If longer tenor Islamic financing instruments of 15 or 20 years are available, one can bring into the capital market takaful and re-takaful players who are…
HSBC has the strong oppinion that asset management will be the next big thing for Islamic finance.
Mukhtar Hussain, chief executive officer of HSBC Bank Malaysia Berhad and global CEO of HSBC Amanah speaks of HSBC’s strengthening position in the glob…
Saudi Arabia’s civil aviation authority is eyeing sale of Islamic bonds, or sukuk, in several tranches to finance a modernisation of the kingdom’s airports.
PT Jakarta Futures Exchange (JFX) is targeting to launch sharia futures commodity products (murabahah) in July 2011.
The company had just set up a partnership to create sharia products with National Sharia Council (DSN) last December.
The Middle East and North Africa’s (Mena) first multi-asset exchange will begin live operations on February 7 at its facility at Bahrain Financial Harbour. The Bahrain Financial Exchange (BFX) will adopt a phased approach to its trading whereby its Isl…
The lack of long-term investment products is undermining growth in Malaysia’s Islamic insurance industry, spurring calls for more sukuk maturing beyond 10 years in the world??s biggest market for the debt.
