<p>RHB Islamic Bank has agreed to offer Lembaga Pengarah Amanah Kebajikan Masjid Negeri Sarawak with a RM300 million Istisna’/Ijarah Term Financing Facility. RHB said the facility, with a financing tenure of 10 years, is intended for the construction of Baitul Makmur II, an 18-storey office/commercial building located in Kuching, Sarawak. Upon completion, Baitul Makmur II will house several Sarawak state ministries. This deal would represent one of RHB Islamic Bank’s single largest financing loans to Sarawak state-related group of companies.</p>
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<p><a href="http://www.theborneopost.com/2013/06/26/rhb-islamic-to-provide-financing-facility-to-sarawak-mosque-body/" title="http://www.theborneopost.com/2013/06/26/rhb-islamic-to-provide-financing-facility-to-sarawak-mosque-body/">http://www.theborneopost.com/2013/06/26/rhb-islamic-to-provide-financing…</a></p>
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Juni 26, 2013 | Posted in
ASIA,
Islamic Finance |
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Cobham has named Robert (Rob) Mullins to the position of Executive Vice President, Corporate Strategy and Mergers & Acquisitions, replacing David Johnston, who has decided to leave the company. Rob will report directly to Cobham plc Chief Executive Officer, Bob Murphy, and be based initially at the Group’s Corporate North America office in Arlington, Virginia, […]
Juni 25, 2013 | Posted in
Allgemein |
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Sabana Real Estate Investment Management, as the manager of Sabana Shari'ah-compliant Real Estate Investment Trust (Sabana REIT) has announced that SGD 1.5 million in aggregate principal amount of the SGD 80.0 million 4.50 per cent Convertible Sukuk du…
Juni 25, 2013 | Posted in
ASIA,
Islamic Finance |
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Tunisia's first issue of a sukuk is likely to be postponed to next year. Tunisia had originaly planned to issue a sovereign sukuk this July to raise $700 million. Thus, the government wanted to push through a legislation to permit the issue, and hoped …
Juni 25, 2013 | Posted in
Islamic Finance |
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<p>Profits of Lebanese banks operating in Syria in the first three months of 2013 fell by 98.2 percent to $640,000 from $49.8 million in the same period of 2012. That was compared to aggregate net losses of 489.5 million pounds in the fourth quarter of 2012. The aggregate shareholders’ equity of the seven banks reached 35.3 billion pounds, or $406.5 million, at end-March 2013, unchanged from end-2012. The banks’ total operating income reached 4.7 billion pounds in the first quarter of 2013, down 35.7 percent from 7.3 billion pounds in the same period last year. Lebanese banks in Syria have increased provisions for nonperforming loans, though they realize this will affect profits considerably. All of the Lebanese banks said they had no intention of withdrawing from the Syrian market now or in the future because they believed the situation would get back to normal eventually.</p>
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<p><a href="http://www.zawya.com/story/Profits_of_Syrian_affiliates_of_Lebanon_banks_sink_982-DS25*06*2013_dsart*221456/" title="http://www.zawya.com/story/Profits_of_Syrian_affiliates_of_Lebanon_banks_sink_982-DS25*06*2013_dsart*221456/">http://www.zawya.com/story/Profits_of_Syrian_affiliates_of_Lebanon_banks…</a></p>
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Juni 25, 2013 | Posted in
Islamic Finance |
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The Islamic Development Bank has proposed to buy Marocco's sukuk rather than offering the country another loan, according to General Affairs minister Mohamed Najib Boulif. However, the amount has not been set yet. Earlier this year, the Morocco agreed …
Juni 25, 2013 | Posted in
Islamic Finance |
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The General Council for Islamic Banks and Financial Institutions (CIBAFI), a Bahrain-based non-profit organisation, plans to expand beyond the Gulf, so that it can shape rules and practices in new markets as they grow. Addressing a major weakness in Is…
Juni 25, 2013 | Posted in
Islamic Finance |
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The General Council for Islamic Banks and Financial Institutions (CIBAFI), a non-profit organisation, has traditionally focused on neighbouring countries, which form a core market for the industry. The Bahrain-based association now plans to expand beyo…
Juni 25, 2013 | Posted in
Islamic Finance |
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Thuraya Telecommunications Company has secured a term financing facility through Dubai Islamic Bank (DIB). Thuraya will use the proceeds to upgrade its network infrastructure and to support further development and expansion of its product portfolio, in…
Juni 24, 2013 | Posted in
Islamic Finance |
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Kuwait Finance House (KFH) has launched the first version of a Quran Application for android users. Strategy and Corporate Affairs General Manager Fahad Al-Mukhaizeem said that KFH is keen to grant this gift since Ramadan is approaching. Moreover, Al-M…
Juni 24, 2013 | Posted in
Islamic Finance |
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