According to MCIS Zurich Insurance Bhd and Bangkok Bank Bhd, Johor Corp will apparently pay less than AAA issuers to sell US$976 million of sukuk on local-government guarantees.
They say that Johor Corp could price the 10-year Islamic notes to yield 30…
The IFC and the Islamic Development Bank (IDB) will support the construction of major infrastructure projects across the Middle East and North Africa through an investment of up to $100 million.
The investment is an attempt to stimulate economic growth…
The first home purchase plan approved by the Financial Services Authority (FSA) for the mainstream UK market is the genie out of a modern day bottle. It shows that the religious principles underlying Islamic products are important in the ethical and so…
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has suggested more specific accounting standards for real estate while increasing disclosure for Islamic banks’ investment accounts.
The move made by the Bahrain-bas…
– Nach der Enteignung des Ölkonzerns YPF: Rohstoffsektor unter Druck – Wirtschaftswachstum wird sich abschwächen Staatliche Eingriffe: Argentiniens Status als Netto-Ölexporteur bedroht Nach der geplanten Verstaatlichung des größten argentinischen Ölkonzerns YPF (Yacimientos Petrolíferos Fiscales) durch die Regierung Kirchner geraten der Energie- und der Bergbausektor in Argentinien zunehmend unter Druck. Im Zuge ihrer protektionistischen Wirtschaftspolitik mit […]
Dr Ali Mohiyuddin Al Quradaghi, chairman, Shariah Supervisory Board of Al Hilal Islamic Banking Services, ahlibank Oman, and the Secretary-General of the International Union of Muslim Scholars , stated that Islamic finance industry is making mark in th…
Trevor Norman, director of Jersey-based fiduciary specialist Volaw Trust and Corporate Services, noted that UK investors and their advisers should be given permission to research products themselves instead of having to obtain a fatwa, or judgement, fr…
Dar Al Istithmar finished receiving the approval of Islamic scholars for the issue and the next move is depending from now on on Goldman.
Goldman’s plan was to become one of the first top Western banks to gather money through Islamic bonds, but it attr…
Arcapita Bank BSC was given permission to use cash within a budget and pay employees in bankruptcy.
U.S. Bankruptcy Judge Sean Lane in Manhattan certified Arcapita’s requests on an interim basis to escape “irreparable harm” being done to the comp…
It seems that National Australia Bank (NAB) is taking into consideration a sale of up to $500 million of Sukuk as Australian investors request less risky investments.
According to two people familiar with the deal, the bank is considering the sale, whi…
