Archive for: März, 2013

Meethaq Sharia Board inducts 2 more members

Meethaq Sharia Board inducts 2 more members

The Sharia Supervisory Board of Meethaq conducted its first meeting of 2013 under the chairmanship of Shaikh Dr Ali Qaradaghi. The board inducted two new members — Abdulqader Thomas and Dr Saeed al Muharrami. The two experts in the field of Islamic banking will serve as non-Shari’a members and assist the Shari’a voting members, providing insights on various Islamic banking issues. The board reviewed Meethaq activities during 2012 and discussed the strategy for the coming period.

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Saudi Arabia’s Sedco launches Luxembourg platform for Islam-compliant investments

Saudi Arabia’s Sedco launches Luxembourg platform for Islam-compliant investments

Sedco Capital, the Saudi Arabia-based asset manager, has launched an investment platform of Sharia-compliant funds aimed at high net worth investors and institutional investors. The Sedco Capital Global Funds platform, a Luxembourg Sicav, currently has…

Saudi Arabia’s Sedco launches Luxembourg platform for Islam-compliant investments

Saudi Arabia’s Sedco launches Luxembourg platform for Islam-compliant investments

Sedco Capital, the Saudi Arabia-based asset manager, has launched an investment platform of Sharia-compliant funds aimed at high net worth investors and institutional investors. The Sedco Capital Global Funds platform, a Luxembourg Sicav, currently has…

Seventeen PPP projects to be financed using sukuk: Panel

Seventeen PPP projects to be financed using sukuk: Panel

Panelists at the 2nd Annual PPP Investment Summit called the new sukuk law ‘quantum leap’ towards introducing Sharia-compliant products to the Egyptian market. It was confirmed at the Summit that seventeen upcoming Public Private Partnership (PPP) projects will be financed using sukuk. The Ministry of Finance is considering using sukuk to finance a number of PPP projects including silos projects, developing roads, and the Ain Shams -10th of Ramadan city train line in order to link the industrial sites along the way. However, panelists explained that infrastructure projects require more than one method of financing and that there are various Islamic financing methods available.

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Seventeen PPP projects to be financed using sukuk: Panel

Seventeen PPP projects to be financed using sukuk: Panel

Panelists at the 2nd Annual PPP Investment Summit called the new sukuk law ‘quantum leap’ towards introducing Sharia-compliant products to the Egyptian market. It was confirmed at the Summit that seventeen upcoming Public Private Partnership (PPP) projects will be financed using sukuk. The Ministry of Finance is considering using sukuk to finance a number of PPP projects including silos projects, developing roads, and the Ain Shams -10th of Ramadan city train line in order to link the industrial sites along the way. However, panelists explained that infrastructure projects require more than one method of financing and that there are various Islamic financing methods available.

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CSR performance of Saudi firms in focus

CSR performance of Saudi firms in focus

The third edition of Saudi Corporate Social Responsibility Forum (CSRF) will be held in Jeddah from April 9-10.
The event is being organized by the Jeddah Chamber of Commerce & Industry (JCCI) at the Park Hyatt Hotel.
The winner of the CSRF Award recognizing best practices and initiatives in social responsibility will be announced at the forum, which will have the participation of a number of senior government officials, experts and businessmen from Saudi Arabia and elsewhere in the Arab world. The fórum is expected to review a number of key issues, especially the performance of Saudi companies in social responsibility programs.

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CSR performance of Saudi firms in focus

CSR performance of Saudi firms in focus

The third edition of Saudi Corporate Social Responsibility Forum (CSRF) will be held in Jeddah from April 9-10.
The event is being organized by the Jeddah Chamber of Commerce & Industry (JCCI) at the Park Hyatt Hotel.
The winner of the CSRF Award recognizing best practices and initiatives in social responsibility will be announced at the forum, which will have the participation of a number of senior government officials, experts and businessmen from Saudi Arabia and elsewhere in the Arab world. The fórum is expected to review a number of key issues, especially the performance of Saudi companies in social responsibility programs.

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Corporate Social Responsibility – A viable tool for sustainable development in the MENA region

Corporate Social Responsibility – A viable tool for sustainable development in the MENA region

Sustainable economic development in the Middle East and North Africa (MENA) will depend on job creation, education, poverty alleviation, and careful environmental management. Companies have a particularly important role to play through corporate social responsibility (CSR) initiatives that align with national development objectives. In order to improve CSR as a discipline, companies and governments should follow a four-step process: Define CSR for the MENA Región, Study Current CSR Activity, Identify CSR Best Practices, and Create an Environment for CSR.

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Corporate Social Responsibility – A viable tool for sustainable development in the MENA region

Corporate Social Responsibility – A viable tool for sustainable development in the MENA region

Sustainable economic development in the Middle East and North Africa (MENA) will depend on job creation, education, poverty alleviation, and careful environmental management. Companies have a particularly important role to play through corporate social responsibility (CSR) initiatives that align with national development objectives. In order to improve CSR as a discipline, companies and governments should follow a four-step process: Define CSR for the MENA Región, Study Current CSR Activity, Identify CSR Best Practices, and Create an Environment for CSR.

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Arcapita creditors irked by offer to pay legal fees in failed IPO

Arcapita creditors irked by offer to pay legal fees in failed IPO

Creditors of bankrupt Arcapita say the investment bank should not be allowed to foot the legal bills of lawyers from Linklaters and Freshfields who ran a failed initial public offering last year of Arcapita’s real estate assets. Arcapita has so far pai…

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