The Investment Dar Company stated that the investors‘ coordination and liaison committee has been concluded.
The committee will mediate with the company at regular face-to-face meetings, establish regular reporting processes and will assign a qualified…
An official statement brings up the fact that the Indonesian government plans to sell IDR1 trillion of Islamic treasury bills on Aug. 2.
Rahmat Siamat, a Shariah director at the finance ministry, the purpose is to diversify the government’s funding sou…
The Investment Dar (TID) Investors‘ Coordination and Liaison Committee (the Committee) has been finished.
TID stated that the Committees task is with coordinating with the company through regular meetings in order to establish regular reporting process…
NGO World has closed an agreement with Shariah certified Islamic microfinance institution ‘Farz Foundation’ to replicate its Islamic Microfinance Methodology in poverty alleviation programs.
Together they will make and raise awareness for Shariah c…
Kerala Finance Minister K M Mani uncovered the plans for special counters to be opened in state treasuries to collect interest-free deposits, saying the state Government was ‘not against’ the idea of Islamic banking.
But it seems that inspite of th…
Besraya is a Malaysian highway operator that is going to launch a RM700m ($233m) Mudarabah Sukuk. The statement came from the local press.
The sukuk has the purpose to part-finance the development, design and construction of the 12.3km Besraya Eastern …
he Islamic finance industry is estimated to grow at 15-20 per cent per year. 63 per cent of Islamic finance institutions are positioned in the Middle East, controlling more than 50 per cent of Islamic banking assets. These Statistics were concluded at …
Noor Islamic Bank had a net operating profit of AED 207 million for the first six months of 2011, on a revenue base of AED 386 million. Net profit for the period ending June 30th was AED 85 million.
Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum state…
Because of the need to hedge against an increase in U.S. treasury yields and the fact that investors shift toward shorter maturities, Dubai’s Islamic bond due 2014 could provide better returns than its 2020 security.
The yield gap between the Dubai gov…
At the 36th annual board of governors meeting held in Jeddah last month, there was one positive result that stood out: the approval by the Board of Directors of the Islamic Corporation for the Insurance of Export Credit and Investment (ICIEC), the stan…
