It is possible that the departure of Moammar Gadhafi will help Islamic banking in Libya.
It seems that Gadhafi refused to develop the banking industry without having a reason. He was central bank governor before he ran out of Libya.
The regulator gave …
The Islamic bank looks to to launch at least US$1 billion (Dh3.67bn) of sukuk before the end of the year. The bank is hoping that this will help it to build a track record among international credit markets for future bond sales.
Details were not revea…
In July 2011 Norton Rose LLP published a paper on „Protections against unauthorized use of Shariah-compliant financial methods and structures“ which lifts a few issues relating to copyright and intellectual property especially with regards to the Shar…
Daud Vicary Abdullah is the ew president and chief executive officer of the International Center for Education in Islamic Finance (INCEIF), the Islamic finance education arm of Bank Negara Malaysia (BNM). He requested a much closer alignment between th…
Nakheel launched the Dh3.8 billion (US$1.03bn) Islamic bond as a part of its financial restructuring. Through this the company is underscoring investors‘ continued doubts about the embattled property giant’s finances.
Ahmad Alanani is a senior executiv…
BIMB Holdings Bhd had RM62.84mil in net profit on revenue of RM502.26mil mainly because of higher operating results registered by the Islamic financial services group’s subsidiaries – Bank Islam Malaysia Bhd and Syarikat Takaful Malaysia Bhd.
Johan…
Sakana Holistic Housing Solutions recently gained access into commodity murabaha financing facility with Khaleeji Commercial Bank for BHD 4 Mil (equivalent USD 10.6 Mil) over 4 years.
The attendents at the signing ceremony were: Mr. Reyadh Yousif Sater…
Nowadays, most of the giant international banks provide either an Islamic Commercial Bank (ICB) or an Islamic Business Unit (IBU).
A report named “Islamic Banking Statistics April 2011”, which was launched by Bank Indonesia (BI) on June 15, 2011, f…
The planned merger of two Bahraini banks, besides having the aim to create the largest Islamic lender in the Gulf Arab kingdom, has the possibility to break the ice for more consolidation in a regional industry frozen in its tracks by unrealistic valua…
Egypt has renewed interest in the growing sector of Islamic banking and finance in an effort to rebuild the economy of the country using internal methods of financing.
Part of the country’s pursuit will be to launch a sovereign Sukuk, or bond, program …
