New internship to analyze sector with over $270 billion in estimated assets
Riyadh, 20 July 2012: Today a multinational group of companies dedicated to the Islamic banking industry announced the first nominee for the Islamic Banking & Finance inte…
New internship to analyze sector with over $270 billion in estimated assets
Riyadh, 20 July 2012: Today a multinational group of companies dedicated to the Islamic banking industry announced the first nominee for the Islamic Banking & Finance inte…
SmartyPig, a conventional concept to promote savings, which was founded in 2008, has used a combination of social networking and banking to reach its mission: The company encourages people to save for specific goals and, so far, it has helped people re…
Despite the initial high optimism after Ali Abdullah Saleh’s fall from power, almost half of the country’s population suffer from starvation, says the World Food Programme. The appeals for humanitarian help made by Oxfam and Islamic Relief to the UN re…
According to the Saudi Arabian Mortgage Law which was adopted by the Council of Ministers earlier this month, insurance will be a prerequisite for mortgages. This means that without insurance, no No mortgage finance provider would finance a house. The …
The Islamic Bank of Britain offers a two-year fixed account with an expected profit rate of 4pc. People of any faith can take advantage of this table-topping offer. Since the bank’s investments go to Sharia compliant and ethical trading activities, the…
The Freedom and Justice Party has announced it financial development plans which will include waqf. Thus, multiple small subscriptions to a sukuk will make their contribution in form of cash or other assets instead of a single wealthy donor. However, t…
A government- guaranteed Islamic medium-term notes programme (IMTN) with a tenure of up to 20 years in weight of RM3 billion will be issued by the Small and Medium Enterprises Bank Bhd (SME Bank). According to the bank’s managing director, the first is…
In a sukuk auction which took place on Tuesday, Indonesia as able to raise 460 billion rupiah ($48.65 million). Accourding to the debt office, the price was below the goal of 500 billion rupiah. The sukuk was a 25-year project-based bond at a weighted …
Facing a debt issue, Kuwaiti investment firm National Industries Group Holding (NIG) asked creditors for extension. Since a $475-million sukuk matures next month, they asked for a four-year extension. The problem lies in refinancing the debt after borr…
