Posts tagged as: general

DAC Beachcroft | Islamic Insurance at the Crossroads

DAC Beachcroft | Islamic Insurance at the Crossroads

The Inland Revenue and Stamp Duty Legislation (Alternative Bond Schemes) (Amendment) Ordinance is a new piece of legislation, introduced in Hong Kong. This law, which puts the taxation of sukuk on a level footing with conventional bonds in Hong Kong, m…

Jaiz Bank Commences Forex Transactions

Jaiz Bank Commences Forex Transactions

Jaiz Bank Plc has joined other commercial banks in processing of foreign exchange transactions. This allows the bank to process forex transactions for eligible bureau de change (BDC) operators at the Central Bank of Nigeria (CBN). The bank will reporte…

Citigroup scales Gulf bond tables without Saudi boost

Citigroup scales Gulf bond tables without Saudi boost

Citigroup is the third largest bond underwriter in the Gulf region this year, up from fourth a year earlier and 19th in 2011. It’s also the fourth-largest arranger of syndicated loans, up from 11th an department metronidazole over the counter canada in was like this t cymbalta without prescription overnight product are face http://www.qxccommunications.com/buy-canadian-drugs-without-prescription.php shows […]

Private sector drives GCC debt issuance in first half of 2013

Private sector drives GCC debt issuance in first half of 2013

The stock of outstanding GCC fixed income instruments rose to $239.8 billion in the first six months of this year. The largest debtors are the Qatari public sector (23 per cent), the UAE financial sector (16 per cent) and the UAE public sector (15 per …

Finance minister: Laws and regulations governing Islamic Bonds set to continue

Finance minister: Laws and regulations governing Islamic Bonds set to continue

<p>Laws, legislative rules and regulations governing Islamic bonds will be implemented as planned, as part of government efforts to revive the economy, according to Egyptian Finance Minister Ahmed Galal. However, he refused to say who would assume the role of Chairman of the Islamic Bonds Division within the ministry, after the sacking of previous chairman Ahmed Al-Nagar. Ahmed Al-Gabali, Advisor to the Minister on Islamic Bonds, is reportedly interested in the position but will need to be made aware of the nature of the job before applying. Galal previously published a decision to dispose of a number of legal advisors and chairmen of financial units due to their affiliation with the Muslim Brotherhood, among them Ahmed Al-Nagar, previous Chairman of the Ministry of Finance&rsquo;s Islamic Bonds Divisi&oacute;n.</p>
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<p><a href="http://www.dailynewsegypt.com/2013/08/12/finance-minister-laws-and-regulations-governing-islamic-bonds-set-to-continue/" title="http://www.dailynewsegypt.com/2013/08/12/finance-minister-laws-and-regulations-governing-islamic-bonds-set-to-continue/">http://www.dailynewsegypt.com/2013/08/12/finance-minister-laws-and-regul…</a></p>
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Almaty to be center of Islamic finance by 2015

Almaty to be center of Islamic finance by 2015

According to Mr. Darkhan Nurpeissov, Vice Chairman of the Agency regulating the Regional Financial Center of Almaty (RFCA), Almaty is to be transformed into a global center of Islamic finance by 2015-2020. By 2012-2015 it is planned to put in place inf…

«El Wifack Leasing» veut se transformer en Banque islamique

«El Wifack Leasing» veut se transformer en Banque islamique

<p>Le conseil d&rsquo;administration de la soci&eacute;t&eacute; &laquo; El Wifack Leasing &raquo; a d&eacute;pos&eacute; aupr&egrave;s de la Banque centrale de Tunisie (BCT) une demande d&rsquo;agr&eacute;ment pour la transformation de la soci&eacute;t&eacute; en Banque islamique universelle. Dans un communiqu&eacute; publi&eacute; sur le site du Conseil du march&eacute; financier (CMF), la m&ecirc;me source souligne que l&rsquo;instruction du dossier d&rsquo;agr&eacute;ment demeure encore au stade initial et que le conseil d&rsquo;administration de la soci&eacute;t&eacute; El Wifack Leasing ne peut s&rsquo;exprimer jusque l&agrave; sur les issues potentielles que peut prendre cette demande. A d&eacute;faut d&rsquo;obtention de l&rsquo;agr&eacute;ment, la soci&eacute;t&eacute; continuera &agrave; d&eacute;velopper son activit&eacute; et lancera sa deuxi&egrave;me tranche d&rsquo;augmentation de capital, a avanc&eacute; El Wifack Leasing.</p>
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<div>Source:&nbsp;</div>
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<p><a href="http://directinfo.webmanagercenter.com/2013/08/11/el-wifack-leasing-veut-se-transformer-en-banque-islamique/" title="http://directinfo.webmanagercenter.com/2013/08/11/el-wifack-leasing-veut-se-transformer-en-banque-islamique/">http://directinfo.webmanagercenter.com/2013/08/11/el-wifack-leasing-veut…</a></p>
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«El Wifack Leasing» veut se transformer en Banque islamique

«El Wifack Leasing» veut se transformer en Banque islamique

<p>Le conseil d&rsquo;administration de la soci&eacute;t&eacute; &laquo; El Wifack Leasing &raquo; a d&eacute;pos&eacute; aupr&egrave;s de la Banque centrale de Tunisie (BCT) une demande d&rsquo;agr&eacute;ment pour la transformation de la soci&eacute;t&eacute; en Banque islamique universelle. Dans un communiqu&eacute; publi&eacute; sur le site du Conseil du march&eacute; financier (CMF), la m&ecirc;me source souligne que l&rsquo;instruction du dossier d&rsquo;agr&eacute;ment demeure encore au stade initial et que le conseil d&rsquo;administration de la soci&eacute;t&eacute; El Wifack Leasing ne peut s&rsquo;exprimer jusque l&agrave; sur les issues potentielles que peut prendre cette demande. A d&eacute;faut d&rsquo;obtention de l&rsquo;agr&eacute;ment, la soci&eacute;t&eacute; continuera &agrave; d&eacute;velopper son activit&eacute; et lancera sa deuxi&egrave;me tranche d&rsquo;augmentation de capital, a avanc&eacute; El Wifack Leasing.</p>
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<div>Source:&nbsp;</div>
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<p><a href="http://directinfo.webmanagercenter.com/2013/08/11/el-wifack-leasing-veut-se-transformer-en-banque-islamique/" title="http://directinfo.webmanagercenter.com/2013/08/11/el-wifack-leasing-veut-se-transformer-en-banque-islamique/">http://directinfo.webmanagercenter.com/2013/08/11/el-wifack-leasing-veut…</a></p>
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IDB gives Pakistan 250m euro

IDB gives Pakistan 250m euro

<p>Pakistan will reportedly receive 250 million Euros from the Islamic Development Bank (IDB) in the ongoing month of August, which is part of 750 million Euros loan. Similarly, the country will also avail the trade facility of $150 million for import of fertilizer and Petroleum products this month. The Islamic Development Bank had agreed to the loan and the trade facility in a meeting between the President of the Islamic Development Bank, Dr. Ahmed Muhammad Ali, and Pakistan&rsquo;s Finance Minister Senator Ishaq Dar in Jeddah last week. Pakistan will also receive $500 million from Asian Development Bank and $500 million from World Bank in the second half (January-June) of the ongoing financial year 2013-14. Moreover, Pakistan is expecting to receive $3.4 billion from IMF during the current financial year. The loans will help building the foreign exchange reserves, which are currently around $10.25 billion.</p>
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<p><a href="http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/09-Aug-2013/idb-gives-pakistan-250m-euro" title="http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/09-Aug-2013/idb-gives-pakistan-250m-euro">http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/bu…</a></p>
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IDB gives Pakistan 250m euro

IDB gives Pakistan 250m euro

<p>Pakistan will reportedly receive 250 million Euros from the Islamic Development Bank (IDB) in the ongoing month of August, which is part of 750 million Euros loan. Similarly, the country will also avail the trade facility of $150 million for import of fertilizer and Petroleum products this month. The Islamic Development Bank had agreed to the loan and the trade facility in a meeting between the President of the Islamic Development Bank, Dr. Ahmed Muhammad Ali, and Pakistan&rsquo;s Finance Minister Senator Ishaq Dar in Jeddah last week. Pakistan will also receive $500 million from Asian Development Bank and $500 million from World Bank in the second half (January-June) of the ongoing financial year 2013-14. Moreover, Pakistan is expecting to receive $3.4 billion from IMF during the current financial year. The loans will help building the foreign exchange reserves, which are currently around $10.25 billion.</p>
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<div>Source:&nbsp;</div>
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<p><a href="http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/09-Aug-2013/idb-gives-pakistan-250m-euro" title="http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/09-Aug-2013/idb-gives-pakistan-250m-euro">http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/bu…</a></p>
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