News:

Services

Featured Services

 Add your event or product here

Global search on for outstanding individual in Islamic finance

From Thestar.com.my: Bank Negara and the Securities Commission (SC) announced the launch of a global search to recognise and honour the outstanding contribution of an exceptional individual in Islamic finance. This effort is spearheaded by the Malaysia International Islamic Financial Centre (MIFC) initiative. (more...)

Email Add Comments More stories about: Emerging Trends, Finance, People

Top

Big Malaysian law firm sees opportunity to offer Islamic finance

From Theaustralian.com.au: The chairman of Malaysia's biggest law firm sees Australia in much the same way as the big Australian firms see Asia: prime territory for growth. (more...)

Email Add Comments More stories about: Banking, Compliance, Tax, Legal, Regulatory

Top

Work on Islamic pricing done next year: ISRA

From Btimes.com.my: A Malaysian Islamic finance research body said today it expects to complete its studies into a proposed Islamic benchmark pricing rate in 2011. (more...)

Email Add Comments More stories about: Accounting and Audit, Compliance, Tax, Legal, Regulatory, Finance

Top

Kenyan Islamic bank Gulf says swings to Q1 profit

From Reuters: Kenyan Islamic bank Gulf African posted a pretax profit of 25 million shillings ($312,500) in the first three months of the year, putting it on course for its first full-year profit, its chief executive said on Thursday. (more...)

Email Add Comments More stories about: Banking, Performance

Top

Pakistan plans to double Islamic banking in 3 years

From Bloomberg: Pakistan plans to double Islamic banking services in the next three years to meet rising demand as an economic recovery helps boost household wealth, according to a central bank official. (more...)

Email Add Comments More stories about: Banking, Market Moves

Top

Global signs agreement with Gulf Bank

From Arabtimesonline.com: Global Investment House (Global) and Gulf Bank announced today in a joint press release that they have signed an agreement whereby the Bank acts as a sales agent for selected investment funds managed by Global and investing in the Kuwait and GCC Equity markets. (more...)

Email Add Comments More stories about: Banking, Market Moves

Top

Khazanah said to plan biggest Singapore dollar Sukuk

From Bloomberg: Khazanah Nasional Bhd., Malaysia’s state investment company, may raise as much as S$500 million ($354 million) from the biggest sale of Islamic bonds, or sukuk, denominated in neighboring Singapore’s currency. (more...)

Email Add Comments More stories about: Bonds (Sukuk)

Top

Tamweel working with committee, holders on revamp

From Arabianbusiness.com: Tamweel, an Islamic mortgage lender, is working with shareholders and a state-appointed steering committee on restructuring, it said in statement made on Thursday, according to the Bloomberg newswire. (more...)

Email Add Comments More stories about: Finance, Market Moves

Top

Decision on Tamweel, Amlak 'this month'

From Business24-7.ae: The federal government's decision on the future of Tamweel and Amlak Finance is expected by the end of the month, while allowing Dubai Islamic Bank (DIB) to take over or increase stake in Tamweel are some of the options being considered by authorities. (more...)

Email Add Comments More stories about: Finance, Insurance (Takaful), Market Moves

Top

MENA insurers urged to strengthen corporate governance

From Tax-news.com: The United Arab Emirates Minister for the Economy, Sultan Bin Saeed Al Mansoori, has called on the insurance and financial sector to push forward with the adoption of modern corporate governance and transparency measures to ensure the Middle East and North Africa (MENA) insurance industry realises its "vast potential for growth." (more...)

Email Add Comments More stories about: Insurance (Takaful), Market Moves

Top

Islamic finance is here to stay

From Theasset.com: The financial world had become accustomed to reading about the impressive successes of the Gulf region and of the enormous profitability that came from doing business in that part of the world. But, the Middle East became the centre of attention in the latter part of 2009, for reasons that were far from favourable.  (more...)

Email Add Comments More stories about: Emerging Trends, Finance

Top

RAM revises expressway operator’s Islamic debt ratings

From Thestar.com.my: RAM Ratings has revised Senai-Desaru Expressway Bhd’s RM1.46bil Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) to a negative rating watch, BBB3. (more...)

Email Add Comments More stories about: Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort

Top

NBK Capital acquires 30 pct stake in Dunya Goz Group

From Menareport.com: NBK Capital has completed its fourth investment in Turkey by acquiring a 30 percent equity stake in Dunya Goz Group, Turkey’s largest ophthalmology hospital chain.  (more...)

Email Add Comments More stories about: Finance, Investment

Top

Muslim businesses must tap opportunities in fast-growing Halal industry, says Abdullah

From Bernama: Muslim businesses must tap the potentials of the fast-growing halal industry, former Prime Minister Tun Abdullah Ahmad Badawi said Thursday night. (more...)

Email Add Comments More stories about: Market Moves, People

Top