Jordan Dubai Islamic Bank has recently announced the extension of its Islamic Home Financing Program until the end of March, 2011. This extension takes advantage of the extension of the discount in registration fees and sales tax on property by 50%, ac…
The conventional way in which banks offer Shariah-compliant services and likely boost the performance of banks that focus solely on such services will be changed by the new rules for Islamic banking in Qatar released by the Central Bank in late August….
Indonesia has moved to boost Islamic finance by proposing a series of tax incentives for the sector. The incentives are likely to stimulate sukuk issuance.
The measures will also encourage sales of Islamic debt from Indonesia, which has the world’s b…
Brazil’s first Islamic bond may be a private sale by a company in 2012.
Daud Vicary Abdullah, global Islamic finance leader at Deloitte Corporate Advisory Services Sdn. has pointed out that he thinks that it will be a corporate.
Kuwait Finance House rejected a plan to restructure the debt of Gulfinvest International KSC, a Kuwaiti investment company.
Gulfinvest is yet to be officially informed of the decision by Kuwait Finance, which has made provision for the company’s loans.
Bank of London and the Middle East plc whose main shareholders are Boubyan Bank, National Bank of Kuwait, the Securities House and the Public Institution for Social Security, announced today the launch of its Premier Deposit Account (PDA) in Pound Ster…
Indonesia plans to issue a 3-year maturing sukuk for retail investors on Feb. 23.
The sukuk, or Islamic bond, will be offered to all individuals with Indonesian citizenship, to widen the investor base.
Qatar Islamic Bank is searching for acquisitioning targets in Indonesia in order to boost its presence in Asia and tap demand for sharia banking products in the world’s most populous Muslim nation.
Qatar Islamic is studying several potential candidates…
Islamic financial institutions are expected to continue to show resilience in the face of a challenging economic scenario. This is despite the fact that growth levels of the Islamic finance industry, at more than 20 per cent per annum for the past seve…
Kuwait’s Strategia Investment Company has received the approval of the ministry of commerce and industry to launch an Islamic investment fund with a capital ranging between 5 million Kuwaiti dinars ($17.7 million) and KWD50 million.
This fund will inve…
