Turkish Bank Asya considers a sukuk issuance worth up to 150 million lira ($83 million) by the end of the current year. The money gained from the sukuk is to be used for finance investments.
More on: http://in.reuters.com/article/2012/09/25/bankasya-s…
Standard & Poor’s has rated Turkey’s debut $1.5bn Sukuk lease certificates that fall due in 2018 ‚BB‘. The issuance of the Ijarah certificates will be conducted by Hazine Mustesarligi Varlik Kiralama Anonim Sirketi. The assets underlying the leas…
In order to exit bankruptcy, Arcapita has designed a long-term business plan which is to be combined with a previously approved incentive plan with employees. According to the latter plan, terminated employees and such, who remained with the company t…
It is a common opinion that Africa offers excellent opportunities for the global development and expansion of Islamic finance. The bank’s managing director, Alhaji Mohammed Mustapha Bintube, explained that the bank has made steady progress regarding nu…
A new guide to responsible investing in 10 major commodities sectors has been introduced by the Worldwide Wildlife Fund (WWF). The guide was launched at the Global AgInvesting Asia conference, where hundreds of allocators, fund managers, and industry e…
GFH Capital discusses the takeover of the English football club Leeds United and has considerably advanced in its negotiations. Even though a football club is not typical for a bank’s business, GFH Capital has discussed logistic and other issues at len…
The principles of Shariah are a key factor in family enterprises in the Gulf region. Since enterprise and trade go hand in hand to contribute to the development of a progressive, prosperous ummah as well as to create wealth and provide exchange opportu…
Standard and Poor’s is concerned about profitability in long term of Gulf takaful providers because they consider the investment strategies highly risky. On the other hand, according to forecasts, takaful contributions in the GCC region will grow muc…
The move to stipulate a minimum RO10 million capital for takaful firms aroused serious concern among Oman insurance companies. Reason therefore is that such a move will most probably pose a major entry barrier for local companies. That is why insurance…
Ridge Islamic Capital announced it had $100 million which will be used to raise the company’s capital and invest in funds over the next two years. Thus, it aims to tap a growing market for Islamic finance. The launch of Ridge Islamic Capital took place…
