Today, the Commission has sent letters of formal notice to Belgium, Czechia, Estonia, Ireland, Greece, Luxembourg, Austria, Poland and the UK for having only partially transposed the 5th Anti-Money Laundering Directive. The Commission had previously also...
The Commission is urging Ireland to take the necessary measures to ensure that water intended for human consumption is wholesome and clean and to take the necessary remedial action as soon as possible to restore the...
Allgemein / Breaking News / EU-UK / Featured
Today, the European Union and the United Kingdom held their first Specialised Committee meeting on the implementation and application of the Protocol on Ireland / Northern Ireland, by means of videoconference. The discussion took place in...
With the ongoing credit squeeze from the debt crisis and uncertainty still stalking capital markets, many Western firms are eyeing up the Islamic liquidity pool as an alternative source of finance. The Irish energy group ESB had applied to local regulators in Malaysia for permission to issue a bond, with the aim of raising €1 billion. Had the issuance gone ahead, the ESB would have become the first Irish company, and one of the non-financials in Europe, to issue a Sharia-compliant bond. Nonetheless, prospective investors reportedly showed interest in investment in asset-rich companies like the ESB. Ireland already commands a share of pie when it comes to fund management, with some 20 per cent of Europe’s Sharia-compliant funds domiciled in Dublin’s Irish Finance Services Centre (IFSC).
Saudi Arabian NCB Capital is about to launch a range of Irish-domiciled Islamic mutual funds. This way the company is broadening its investor base and tries to appeal to emerging market investors. The company manages US$12.1bn worth of assets. It has l…
This month, the first international mutual funds, which will be run by a Saudi Arabian manager, will be launched from Dublin. Equity funds investing in Saudi Arabia and the Gulf region will be launched by NCB Capital. The operations will be compliant t…
The global Islamic capital markets advisory firm Amanie Advisors has launched an Irish operation aiming to boost Ireland’s growing Islamic finance sector. It is also expected to facilitate both Irish and European companies to have access to funding mea…
Due to rapid growth and expansion of the Islamic financing sector, Germany is about to follow the example of some other European countries and launch an Islamic bank. Similar plans are discussed in Ireland as well. One of the reasons for the expansion …
The Irish Electricity Supply Board (ESB) considers issuing a sukuk in Malaysia which would make it the first large non-financial company from Europe to involve in trade with Islamic bonds. Issuing a sukuk is likely to contribute to the development of a…
Ireland has set itself the goal to become a global Islamic finance hub since its funds industry has passed beyond the €1 trillion (Dh4.73tn) mark. Thus, the country can take a larger slice of the continuously growing Islamic finance sector. After str…
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