Al Hilal Islamic Bank and Kazpost JSC signed a general agreement on investment worth 1.5 billion tenge.
It seems that Al Hilal Bank wants to invest 1.5 billion tenge in Kazpost. This is the first contract of this kind in Kazakhstan.
Sultan bin Saeed Al Mansouri, UAE Minister of Economy, has disclosed that the government cut off Dubai-based mortgage provider Amlak Finance’s debt by Dh4 billion.
The debt was reduced through delaying debt as well as through the sale of company’s la…
Bahrain-based Capivest successfully closed $30m plus deal with Cemena Holding Company B.S.C. and now owns 9% of Naseej—a fully-integrated real estate and infrastructure Development Company to focus on mega projects in the Middle East and North Africa…
Malaysia’s biggest Islamic insurers plan to develop in Indonesia, taking advantage of industry growth that is almost three times the pace of their home market and ampplyfying the wealth in the world’s most populous Muslim country.
It seems that May…
The Islamic Development Bank (IDB) revealed some plans to invest $98 million for the implementation of bilingual education in Nigeria.
The funds will be used in supplying support for the integration of Quranic schools into western education. The bank
The European Union banished any kind of financial transactions with blacklisted Iranian financial firms, but U.S. officials made clear they would maintain the pressure for the EU to go further.
The Belgium-based Society for Worldwide Interbank Financia…
The Tods Murray/Islamic Finance Council UK (IFC) ethical finance forum will analyze the practical challenges relating to marketing and distribution and talk about methods for measuring social returns.
Over the last few weeks, these discussions have rea…
It seems that the Human Welfare Foundation will now provide loans in the form of interest-free microfinance to the poor across the country including Hyderabad.
Besides interest-free loans, a support system for human welfare containing a network of acti…
Conglomerate Dubai Investments could look to gather up to 1 billion dirhams ($272.3 million) in 2012 through sale of a sukuk to finance the expansion of its manufacturing units and repay debt.
The company is already in discussions with an Italian lende…
The National Bank for Development (NBD) together with Abu Dhabi Islamic Bank (ADIB) revealed its 2011 financial results, which showed positive indicators despite the circumstances the Egyptian economy faced during the past year.
Nevine Loutfy, Managing…
