After a landmark sharia REIT and local currency sukuk from Malaysia’s Khazanah Nasional stirred the city-state’s interest in wholesale Islamic banking, more Singapore companies are willing to raise Islamic financing.
Companies are looking for sukuk and…
Ali Saleh Abadi, the head of Securities and Exchange Organization, noted that Iran’s capital market has rised around 34% in recent years. The value showed a 13 billion dollars growth in comparison to the year before.
Tehran Stock Exchange Corporation i…
Dubai Islamic Bank (DIB) stated that it will launch a new Sharia opportunity fund in the region with exposure to equity markets across the Asia-Pacific region.
Prudential Asset Management Limited is the one offering the fund. It will search to invest i…
Nigeria plans to launch its first sovereign Sukuk within the next 18 months in an attempted move at boosting Islamic banking in West Africa’s largest economy. The was no statement about how much sukuk will be issued.
MUSCAT Traditional banks can now adopt Islamic system. Professor Dr Ali Mohiuddin Al Qaradaghi states that the trend has started in many Gulf countries.
Speaking at the concluding session of the two-day orientation programme on Islamic banking and inve…
Four months after Qatar ordered conventional banks to quit Islamic banking, there has been little to no progress by the conventional banks to dispose of their Islamic assets.
Although Commercial Bank of Qatar has opened talks on selling its Shari’ah co…
Mubasher Trade has announced the Egypt opening of Mubasher Islami, a new division that specialises in a full range of Shari’ah-compliant services, including a dedicated trading platform for Shari’ah-compliant securities.
The new trading platform is…
KPMG officially names Neil D Miller as global head of Islamic finance. Miller will lead KPMG’s global Islamic finance group from Dubai, where he has been living since 2009. KPMG’s global Islamic finance team provides audit, tax and advisory service…
KFH Research Limited (KFHR) is planned to be the world’s first Islamic investment research arm to be established by an Islamic bank (Kuwait Finance House).
KFHR’s core strength is in its Islamic finance research and advisory works. It works closely wit…
Kuwait Finance House (KFH) signed an agreement with Gulf Investment House (GIH) to restructure its debts that reach KD49.5m.
The agreement was supervised by Liquidity Management House (LMH). The collaborators of the agreement were: Boubyan Bank and Bur…
