Posts tagged as: general

Foot Anstey LLP wins contracts from Middle East by specialising in Islamic finance

Foot Anstey LLP wins contracts from Middle East by specialising in Islamic finance

<p>Foot Anstey LLP, a South West law firm, is winning valuable contracts from the Middle East by specialising in Islamic finance. The firm, which has five offices across the South West regi&oacute;n, is one of very few firms in the UK to be able to arrange finance deals in accordance with Islamic law. The Islamic finance team at Foot Anstey has recently advised Islamic banks and Middle Eastern investors on a range of high value and complex transactions. They have created structures to allow conventional and Islamic financiers to work together. Foot Anstey has already advised several Middle Eastern investors on Islamic finance deals. Although most of its business has been in the Middle East, where there is still potential growth, the firm is now looking to expand into South East Asia as well.</p>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<p><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNElXeUBvuzvvUOt9PBo3Dlx1sAWJw&amp;url=http://www.southwestbusiness.co.uk/news/08082013093320-foot-anstey-llp-wins-contracts-from-middle-east-by-specialising-in-islamic-finance/" title="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNElXeUBvuzvvUOt9PBo3Dlx1sAWJw&amp;url=http://www.southwestbusiness.co.uk/news/08082013093320-foot-anstey-llp-wins-contracts-from-middle-east-by-specialising-in-islamic-finance/">http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNElXeUBvuzvvUOt9PBo3D…</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5528&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5528" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5528&amp;count=horizontal&amp;via=&amp;text=Foot%20Anstey%20LLP%20wins%20contracts%20from%20Middle%20East%20by%20specialising%20in%20Islamic%20finance&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5528" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5528" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5528&amp;t=Foot+Anstey+LLP+wins+contracts+from+Middle+East+by+specialising+in+Islamic+finance" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5528&amp;title=Foot+Anstey+LLP+wins+contracts+from+Middle+East+by+specialising+in+Islamic+finance" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5528&amp;t=Foot+Anstey+LLP+wins+contracts+from+Middle+East+by+specialising+in+Islamic+finance" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5528&amp;title=Foot+Anstey+LLP+wins+contracts+from+Middle+East+by+specialising+in+Islamic+finance" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5528&amp;title=Foot+Anstey+LLP+wins+contracts+from+Middle+East+by+specialising+in+Islamic+finance&amp;summary=Foot+Anstey+LLP%2C+a+South+West+law+firm%2C+is+winning+valuable+contracts+from+the+Middle+East+by+specialising+in+Islamic+finance.+The+firm%2C+which+has+five+offices+across+the+South+West+regi%C3%B3n%2C+is+one+of+very+few+firms+in+the+UK+to+be+able+to+arrange+finance+deals+in+accordance+with+Islamic+law.+The+Islamic+finance+team+at+Foot+Anstey+has+recently+advised+Islamic+banks+and+Middle+Eastern+investors+on+a+range+of+high+value+and+complex+transactions.+They+have+created+structures+to+allow+conventional+and+Islamic+financiers+to+work+together.+Foot+Anstey+has+already+advised+several+Middle+Eastern+investors+on+Islamic+finance+deals.+Although+most+of+its+business+has+been+in+the+Middle+East%2C+where+there+is+still+potential+growth%2C+the+firm+is+now+looking+to+expand+into+South+East+Asia+as+well.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5528&amp;title=Foot+Anstey+LLP+wins+contracts+from+Middle+East+by+specialising+in+Islamic+finance" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>

MICROCAPITAL BRIEF: World Council of Credit Unions Publishes Islamic Operations Manual for Shariah-compliant Credit Unions

MICROCAPITAL BRIEF: World Council of Credit Unions Publishes Islamic Operations Manual for Shariah-compliant Credit Unions

<p>US-based World Council of Credit Unions (WOCCU) recently published the &ldquo;Islamic Finance Manual: Operating Policies and Procedures&rdquo;, a guide that is intended to assist bankers with establishing Shariah-compliant credit unions in developing countries. The manual was developed by the Customer Owned Banking Association (COBA), an Australia-based member organization of WOCCU, based on COBA&rsquo;s experience establishing Islamic investment and finance cooperatives in Afghanistan since 2004. The guide is intended to provide operating policies and procedures based on international standards for financial cooperatives and to comply with Islamic law. Each chapter includes a review of procedural requirements as well as template contracts and forms. The manual is available online from WOCCU&rsquo;s website.</p>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<p><a href="http://www.microcapital.org/microcapital-brief-world-council-of-credit-unions-publishes-islamic-operations-manual-for-shariah-compliant-credit-unions/" title="http://www.microcapital.org/microcapital-brief-world-council-of-credit-unions-publishes-islamic-operations-manual-for-shariah-compliant-credit-unions/">http://www.microcapital.org/microcapital-brief-world-council-of-credit-u…</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5526&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5526" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5526&amp;count=horizontal&amp;via=&amp;text=MICROCAPITAL%20BRIEF%3A%20World%20Council%20of%20Credit%20Unions%20Publishes%20Islamic%20Operations%20Manual%20for%20Shariah-compliant%20Credit%20Unions&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5526" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5526" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5526&amp;t=MICROCAPITAL+BRIEF%3A+World+Council+of+Credit+Unions+Publishes+Islamic+Operations+Manual+for+Shariah-compliant+Credit+Unions" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5526&amp;title=MICROCAPITAL+BRIEF%3A+World+Council+of+Credit+Unions+Publishes+Islamic+Operations+Manual+for+Shariah-compliant+Credit+Unions" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5526&amp;t=MICROCAPITAL+BRIEF%3A+World+Council+of+Credit+Unions+Publishes+Islamic+Operations+Manual+for+Shariah-compliant+Credit+Unions" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5526&amp;title=MICROCAPITAL+BRIEF%3A+World+Council+of+Credit+Unions+Publishes+Islamic+Operations+Manual+for+Shariah-compliant+Credit+Unions" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5526&amp;title=MICROCAPITAL+BRIEF%3A+World+Council+of+Credit+Unions+Publishes+Islamic+Operations+Manual+for+Shariah-compliant+Credit+Unions&amp;summary=US-based+World+Council+of+Credit+Unions+%28WOCCU%29+recently+published+the+%E2%80%9CIslamic+Finance+Manual%3A+Operating+Policies+and+Procedures%E2%80%9D%2C+a+guide+that+is+intended+to+assist+bankers+with+establishing+Shariah-compliant+credit+unions+in+developing+countries.+The+manual+was+developed+by+the+Customer+Owned+Banking+Association+%28COBA%29%2C+an+Australia-based+member+organization+of+WOCCU%2C+based+on+COBA%E2%80%99s+experience+establishing+Islamic+investment+and+finance+cooperatives+in+Afghanistan+since+2004.+The+guide+is+intended+to+provide+operating+policies+and+procedures+based+on+international+standards+for+financial+cooperatives+and+to+comply+with+Islamic+law.+Each+chapter+includes+a+review+of+procedural+requirements+as+well+as+template+contracts+and+forms.+The+manual+is+available+online+from+WOCCU%E2%80%99s+website.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5526&amp;title=MICROCAPITAL+BRIEF%3A+World+Council+of+Credit+Unions+Publishes+Islamic+Operations+Manual+for+Shariah-compliant+Credit+Unions" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>

Islamic Development Bank Group prepares an investment conference for Nigeria

Islamic Development Bank Group prepares an investment conference for Nigeria

<p>Dr. Mohammed Namadi Sambo, Vice President of the Federal Republic of Nigeria has received Dr. Ahmed Mohamed Ali, President of the IDB Group in Makkah Guest Palace. The discussion covered arrangements made for the implementation of number of projects approved by the Bank for Nigeria and the on-going efforts that aim at establishing a representation office in Nigeria. Discussion also touched on issues related to the IDB&rsquo;s role in supporting the Transformation Agenda Progamme in Nigeria. The Programme pursues growth in a number of sectors that include projects such as electricity transmission lines, regional and national road network, partnership between private and public sector in energy and supporting exports. The IDB President has offered to organize an investment conference in Nigeria early in 2014 similar to a conference organized by the IDB last year in Abuja. The Vice president of Nigeria welcomed this initiative.</p>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<p><a href="http://abc.az/eng/news/main/75355.html" title="http://abc.az/eng/news/main/75355.html">http://abc.az/eng/news/main/75355.html</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5525&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5525" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5525&amp;count=horizontal&amp;via=&amp;text=Islamic%20Development%20Bank%20Group%20prepares%20an%20investment%20conference%20for%20Nigeria&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5525" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5525" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5525&amp;t=Islamic+Development+Bank+Group+prepares+an+investment+conference+for+Nigeria" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5525&amp;title=Islamic+Development+Bank+Group+prepares+an+investment+conference+for+Nigeria" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5525&amp;t=Islamic+Development+Bank+Group+prepares+an+investment+conference+for+Nigeria" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5525&amp;title=Islamic+Development+Bank+Group+prepares+an+investment+conference+for+Nigeria" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5525&amp;title=Islamic+Development+Bank+Group+prepares+an+investment+conference+for+Nigeria&amp;summary=Dr.+Mohammed+Namadi+Sambo%2C+Vice+President+of+the+Federal+Republic+of+Nigeria+has+received+Dr.+Ahmed+Mohamed+Ali%2C+President+of+the+IDB+Group+in+Makkah+Guest+Palace.+The+discussion+covered+arrangements+made+for+the+implementation+of+number+of+projects+approved+by+the+Bank+for+Nigeria+and+the+on-going+efforts+that+aim+at+establishing+a+representation+office+in+Nigeria.+Discussion+also+touched+on+issues+related+to+the+IDB%E2%80%99s+role+in+supporting+the+Transformation+Agenda+Progamme+in+Nigeria.+The+Programme+pursues+growth+in+a+number+of+sectors+that+include+projects+such+as+electricity+transmission+lines%2C+regional+and+national+road+network%2C+partnership+between+private+and+public+sector+in+energy+and+supporting+exports.+The+IDB+President+has+offered+to+organize+an+investment+conference+in+Nigeria+early+in+2014+similar+to+a+conference+organized+by+the+IDB+last+year+in+Abuja.+The+Vice+president+of+Nigeria+welcomed+this+initiative.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5525&amp;title=Islamic+Development+Bank+Group+prepares+an+investment+conference+for+Nigeria" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>

Groundwork laid for Nigeria's Islamic finance sector

Groundwork laid for Nigeria's Islamic finance sector

Nigeria is gradually opening up to Islamic finance, a move that could develop one of Africa's fastest-growing consumer and corporate banking sectors and establish the country as the African hub for Islamic finance. In recent months, a string of regulat…

Power: FG seeks $450m from Islamic Development Bank

Power: FG seeks $450m from Islamic Development Bank

<p>The Federal Government of Nigeria has sought the support of the Islamic Development Bank for the provision of about $450m to expand the power transmission system to wheel up to 20,000 megawatts of electricity. According to Vice-President Namadi Sambo, more funds need to be injected in the transmission component. Sambo also called on the bank to consider the construction of a road linking Lagos to Abidjan, the capital of C&ocirc;te d&rsquo;Ivoire. Moreover, he requested the IDB to extend its support to the Nigerian private sector in the areas of education, aviation and agriculture. IDB has already approved the construction of four new science secondary schools in Kaduna State worth $17,9m; construction of a 300-bed specialist hospital in Kaduna State at $43.15m; and the Zaria water supply project worth $81.0m. Furthermore, the$32.40m Jigawa State rural development project and the bilingual education programme for Borno, Gombe and Niger states worth $30.53m are under consideration.</p>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<p><a href="http://www.punchng.com/business/business-economy/power-fg-seeks-450m-from-islamic-development-bank/" title="http://www.punchng.com/business/business-economy/power-fg-seeks-450m-from-islamic-development-bank/">http://www.punchng.com/business/business-economy/power-fg-seeks-450m-fro…</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5520&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5520" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5520&amp;count=horizontal&amp;via=&amp;text=Power%3A%20FG%20seeks%20%24450m%20from%20Islamic%20Development%20Bank&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5520" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5520" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5520&amp;t=Power%3A+FG+seeks+%24450m+from+Islamic+Development+Bank" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5520&amp;title=Power%3A+FG+seeks+%24450m+from+Islamic+Development+Bank" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5520&amp;t=Power%3A+FG+seeks+%24450m+from+Islamic+Development+Bank" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5520&amp;title=Power%3A+FG+seeks+%24450m+from+Islamic+Development+Bank" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5520&amp;title=Power%3A+FG+seeks+%24450m+from+Islamic+Development+Bank&amp;summary=The+Federal+Government+of+Nigeria+has+sought+the+support+of+the+Islamic+Development+Bank+for+the+provision+of+about+%24450m+to+expand+the+power+transmission+system+to+wheel+up+to+20%2C000+megawatts+of+electricity.+According+to+Vice-President+Namadi+Sambo%2C+more+funds+need+to+be+injected+in+the+transmission+component.+Sambo+also+called+on+the+bank+to+consider+the+construction+of+a+road+linking+Lagos+to+Abidjan%2C+the+capital+of+C%C3%B4te+d%E2%80%99Ivoire.+Moreover%2C+he+requested+the+IDB+to+extend+its+support+to+the+Nigerian+private+sector+in+the+areas+of+education%2C+aviation+and+agriculture.+IDB+has+already+approved+the+construction+of+four+new+science+secondary+schools+in+Kaduna+State+worth+%2417%2C9m%3B+construction+of+a+300-bed+specialist+hospital+in+Kaduna+State+at+%2443.15m%3B+and+the+Zaria+water+supply+project+worth++%2481.0m.+Furthermore%2C+the%2432.40m+Jigawa+State+rural+development+project+and+the+bilingual+education+programme+for+Borno%2C+Gombe+and+Niger+states+worth+%2430.53m+are+under+consideration.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5520&amp;title=Power%3A+FG+seeks+%24450m+from+Islamic+Development+Bank" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>

Sohar Islamic rolls out Shari’ah-compliant home finance scheme

Sohar Islamic rolls out Shari’ah-compliant home finance scheme

Bank Sohar's Islamic banking arm, Sohar Islamic, has launched a Shari'ah-compliant home finance programme, as part of its plan to expand the products and services portfolio. The new product features flexible terms, which offer financing for up to 80% o…

IDB agrees to provide 750m euros loan

IDB agrees to provide 750m euros loan

The Islamic Development Bank (IDB) has agreed to extend a loan facility of 750 million euros to Pakistan. The first tranche of the loan will be released before mid of the current month. The IDB will also provide a trade facility of $150 million for imp…

Parsoli chief alleges ‚harassment‘ by SEBI

Parsoli chief alleges ‚harassment‘ by SEBI

After the Securities and Exchange Board of India (SEBI) cancelled Ahmedabad-based Parsoli Corporation's registration as a stock broker, the CEO of the firm, Zafar Sareshwala, claimed that his company had exited the stock-broking business voluntarily in…

Cash Waqf gets popularity

Cash Waqf gets popularity

Cash Waqf is a voluntary endowment of money, deposited to the banks perpetually. Profit paid on this deposit is spent in different people&#039;s welfare purposes according to instructions of the account holders. These include education, health, food, utilit…

Industry body launches manual for Islamic credit unions

Industry body launches manual for Islamic credit unions

The US-based World Council of Credit Unions has launched a manual discussing how to establish and operate sharia-compliant credit unions in developing countries, which could help to broaden the Islamic finance industry's retail customer base. The counc…

Photo Gallery

Anmelden