A man named Omar Kalair was told to rendezvous in the dead of the night in a deserted suburban parking lot and hand over a consignment of gold and silver bullion to achieve recognition on the debts of a secretive organization.
The bizarre payment of $2…
Prinz al-Walid: „Unsere Investition in Twitter bekräftigt unsere Kompetenz, Möglichkeiten der Investition in vielversprechende, wachstumsstarke Unternehmen zu identifizieren.“ Seine Königliche Hoheit Prinz al-Walid ibn Talal Al Saud und die Kingdom Holding Company (KHC) gaben heute, am Montag, den 19. Dezember 2011 bekannt, insgesamt 300 Millionen US-Dollar in Twitter zu investieren. Diese Investition war das Ergebnis […]
Despite an eight-month revolt that has delayed Syria in violence and economic uncertainty, the recently opened Syrian unit of Al Baraka Bank aims to continue developing.
While new, small private banks seem to have largely escaped the worst, the Syrian …
It seems that Saudi Arabia is discussing with banks the issuing of a riyal-denominated Islamic bond. High-level talks are currently ongoing between the Saudi Arabian Monetary Agency (Sama) and a number of local and international banks with operations i…
The Gulf Bond and Sukuk Association (GBSA) has revealed a detailed compendium of the nascent markets for local currency government-issued instruments. This is the first collection of its kind in the Gulf region.
The summary was put together with the co…
Foreign issuance of sukuk in Malaysia is anticipated to increase by 25%-30% next year from 10%-15% currently owing to the global economic calamities and eurozone sovereign debt crisis.
Amanie Advisors Sdn Bhd director Baiza Bain noted that the sukuk is…
Abstract academic paper:
Using a large international sample of 35 developed and emerging markets, we analyze
whether Islamic indices exhibit a different performance to conventional benchmarks. While there is no compelling evidence of performance differ…
The latest development in Tanzania and East Africa’s emerging Islamic finance industry is the opening of Tanzania’s first Islamic bank, Amana Bank, last month. The headquarters of the bank are in the Kariakoo trade centre in the city, the hub of co…
Indonesia’s finance ministry want to speed up the rate at which it launches bonds in 2012 because of concern over a global economic downturn and will issue 55-60% of its target in the first half of the year.
According to Arga Samudro, a Jakarta-based a…
Abstract Islamic banks are said to possess ethical identity (Haniffa and Hudaib, 2007) because their social goals are just as important if not more important than financial goals because of the fact that they are based on religious foundations, i.e. th…
