Tagged: Khaled Al-Aboodi

Chad’s Islamic finance moves get ICD involvement

Chad’s Islamic finance moves get ICD involvement

The Islamic Corporation for the Development of the Private Sector ( ICD ) and Chad's Ministry of Finance and Budget have signed a partnership agreement aiming at the creation of a local leasing company (ijara) and a local Islamic bank compliant to the …

Islamic body to open banks in Mali, Benin

Islamic body to open banks in Mali, Benin

Two new Islamic banks are planned to be opened in Mali and Benin by the Islamic Corporation for the Development of the Private Sector (ICD). The openings are scheduled for next year. The initiative is part of the efforts to expand the industry’s consum…

Burj Bank announces Rs 147m profit in 6 months

Burj Bank announces Rs 147m profit in 6 months

The half yearly results of Burj Bank Limited (Burj) for the period until the end of June 2012 were made public. The bank registered profit before tax as high as Rs 147 million. The announcement is a reflection of the bank’s turnaround in terms of conti…

Burj Bank announces profit

Burj Bank announces profit

Bank Burj’s results for the first half of 2012 (until June 30th) are out. The bank registeres a profit before tax as high as Rs147 million. The results are a reflection of a turnaround of Burj Bank which caused continuous earning for the first two qua…

IDB launches renewable energy fund

IDB launches renewable energy fund

The Islamic Development Bank (IDB) is looking for new investments for farming projects in Kazakhstan through its $600 million agribusiness fund. Gulf countries offer capital but they do not have agricultural resources, while there are countries like Ka…

Saudi Arabia reaping fruits of economic reforms

Saudi Arabia reaping fruits of economic reforms

Saudi Arabia, the biggest economy in the Middle East, is among the very few countries that have proved to be quite strong and robust.
According to Khaled Al-Aboodi, the chief executive officer of Islamic Corporation for the Development of the Private S…