The State Bank of Pakistan (SBP) has accentuated upon the Islamic banks to mix their investment portfolios by enhancing financing to Small and Medium Enterprises (SMEs), agriculture, housing finance and microfinance sectors of the economy.
The deputy g…
Panel of international Islamic finance experts stated that Oman’s banking and finance sector can learn from other countries’ experiences in Islamic banking, which is a new field here.
Experts gave advice to local members of the finance industry at …
London Central Portfolio has issued a sharia-compliant residential London property fund.
It seems that the fund will be adressed to some of the more wealthy clients, both domestic and overseas investors, who are looking to invest in property in the cap…
Most of the land backing a $1.03bn sukuk bond from Dubai property developer Nakheel is unreclaimed seabed, assigning trade creditors holding the paper with scant recourse to tangible assets in the event of a default.
The sukuk is part of Nakheel’s $16…
The continuing expansion of the Saudi economy should confirm the steady growth of the insurance sector.
Despite this, the rise of compulsory health insurance remains miniscule.
Of the G20 economies, few have grown their insurance sectors in a way that …
Hussein Hassan is the former head of Islamic finance of Deutsche Bank. He moved to UBS in Dubai as Global Head of Islamic Finance. It seems that his place was taken by Ilker Guney, a managing director at the firm.
Fitch and Capital Intelligence have different oppinions regarding the diagnosis of Kuwait Finance House’s financial strength.
CI rated KFH as BBB+ with a foreign currency long and short term rating of A+ and A1, while Fitch downgraded KFH to ‚BB+‘ from…
The government of Gabon wants to change its financial laws to allow Islamic finance, in order to bring together Shari’ah compliant FDI as part of the economic reforms it is currently implementing.
As part of the planned reforms in the financial law, th…
Islamic Development Bank (IDB) is enthusiastic to evolve Waqf properties in India and the two sides have investigated ways to cooperate in different fields including launching of Islamic banking in the country.
It seems that the bank has agreed to fina…
AK BARS Bank sealed the debut in CIS one-year syndicated Murabaha financing for the total amount of $60 million. Citi and the Islamic Corporation for the Development of the Private Sector (ICD) were the exclusive Joint Lead Arrangers and Bookrunners.
A…
