PT Bank Muamalat Indonesia stated that it will offer $50 million of dollar-denominated Shariah-compliant bonds in the fourth quarter of this year.
The bank also wants to raise funds by selling $800 billion rupiah of subordinated debt next year to boost…
1. Operational profit generated during the six months period summed up to SAR 645.3 million, compared to SAR 927.2 million for the same period last year, a decrease of 30.4%.
2. Earnings per share for the first six months was SAR 0.53 compared to SAR 0…
At the recent International Takaful Summit 2011 the experts from Takaful stated that they expect to reach $12 billion by the end of this year.
Ernst & Young think that emerging markets will be the key actors leading Takaful’s growth.
Saudi Arabia…
A licence for the bank to create Asia’s first multinational Islamic bank will awarded in the third quarter. This has the possibility to increase the ability of syariah-compliant lenders to carry out larger sukuk deals, after global sales more than doub…
Qatar Islamic Bank (QIB) had a 26.9 percent jump in second-quarter net profit, beating analysts‘ forecasts on a surge in the bank’s investment income.
Analysts questioned by Reuters on average expected a quarterly net profit of 347.36 million riyals.
Central bankers from Malaysia, Indonesia have met in Jakarta on 18 July 2011 and discussed the need to improve cooperation in order to boost the development of Islamic finance in the two countries.
Governor Tan Sri Dr Zeti Akhtar Aziz of Bank Negara Ma…
Saudi Binladin Group (SBG) has closed its second short term Sukuk. It attracted more than SAR 3 billion ($799.9 million) of orders for a SAR 1 billion ($266.6 million) issuance.
The privately placed Sukuk was offered to Saudi sophisticated investors an…
Ernst & Young’s experts stated at the International Takaful Summit 2011 in London that Takaful is only one per cent of total global insurance market but Muslims are 20 per cent of the world’s population.
Abid Shakeel is the one that spoke at on ‚T…
Tabreed stated that it fully repaid a 200 million US dollar Islamic bond. It seems that the total amount paid to certificate holders of the bond was 735 million UAE dirhams.
Dubai-listed Tabreed is one of the many Gulf companies which has to restructur…
Before engaging in any financial project there should be taken into consideration two very important factors: Corporate Social Responsibility and protecting the environment.
Dr. Mustafa Al Sayyed is the one that underlined this in an economic session. …
