Global Islamic fund assets under management (AuM) advanced 7.6 % to $58 billion in 2010, with concentration in equities accounting for 39 per cent of the assets, but fetching new money into equities is demanding and difficult.
The growth is owed to mar…
ABDUL-MAJID JAFFRY states that only good governance, developing appropriate systems and putting checks and balances in place will not resolve the problem of prevalence of corruption.
He added that building individual and national character on God-consc…
Bonanza Portfolio Ltd together with Pragmatic Wealth Management Pvt Ltd has launched India’s premier Shariah Portfolio Management Services. The name of the service is Bonanza-Pragmatic Shariah fund and is appointed to offer an alternative investment op…
Emirates Islamic Bank (EIB) has chosen a new CEO and elected a board of directors.
The new CEO is Jamal Bin Ghalaita, after EIB’s former chief executive resigned in May and his deputy was appointed acting CEO.
The bank’s shareholders also accepted the …
ABC Islamic Bank (E.C.), Emirates NBD Bank PJSC, Noor Islamic Bank and Standard Chartered Bank have successfully closed the signing of a US$ 350,000,000 equivalent Dual-Currency Syndicated Murabaha Financing Facility for Albaraka Türk Kat?l?m Bankas? …
Bahraini group is helping universities begin courses in Sharia-compliant business practices to avoid a shortage of experts in the US$1 trillion (Dh3.67tn) market.
Khairul Nizam, the deputy secretary general of the Accounting and Auditing Organisation f…
Allianz Takaful and MedGulf are partnering for the markets of Bahrain and Qatar to further develop their insurance platforms. In order to start this, Allianz Takaful will transfer 75 percent of Allianz Takaful to MedGulf BSC (Bahrain).
The whole range …
In late 2012, Bursa Malaysia will advocate the launch of an ESG Index. Similarly, Hong Kong and Singapore stock exchanges have taken on their own action to guarantee that both government and corporations step up in their social responsibility to build …
Salah Mohd I Al Jaidah is the new chairman of Asian Finance Bank (AFB). AFB stated that Salah had been instrumental in steering the growth and development of the finance house.
Islamic finance has boosted in the past few years and has the opportunity to become the largest segment in a number of banking systems in the Middle East by 2020 with a penetration rate in excess of 50 percent of the local banking assets.
In Malaysia a…
