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Kazakhstan turns to Sukuk as Eurobond dropped

From Bloomberg: Kazakhstan, the former Soviet republic that last sold international debt in 2000, is planning a debut Islamic bond sale to broaden its investor base after canceling a Eurobond offering last week. (more...)

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Sukuk loses shine for traditional Gulf issuers

From Dailystar.com.lb: The lure of Islamic bonds appears to be wearing off for conventional borrowers in the Gulf, even as the global industry grows, with high-profile defaults and rising costs souring their appeal. (more...)

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World-wide sukuk issuances rise two-fold to $13.7bln in H1

From Menafn.com: There has been surge in worldwide Sukuk issuance that saw a two-fold jump to 98 issuances raising to $13.7 billion in the first half of this year, up against the $7.1 billion in the initial six months a year ago, say a report by Standard & Poor’s Ratings Services, which forecast about 150 more issues in the pipeline. (more...)

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A new era for Islamic finance in Asia Pacific

From Mondaq.com: Japan has been talking about Islamic finance for several years with Japan Bank for International Cooperation leading the way in terms of local research and development. However, up until recently, only a small number of Islamic finance deals have been done in this market.  (more...)

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Malaysia's royal award for Islamic finance

The search to honour the exceptional individual for outstanding contribution to global Islamic finance has received royal endorsement. Upon the recommendation of the Malaysian Government, His Majesty the Yang di-Pertuan Agong of Malaysia, has given his consent for the Award to be named The Royal Award for Islamic Finance". (more...)

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Sri Lanka informal Islamic financiers should prepare for regulation: official

From Lankabusinessonline.com: Informal entities that have been operating as Islamic financiers in Sri Lanka will have to get their houses in order and become fully compliant with supervisory regulations ahead of a new law on deposit taking, an industry official said. (more...)

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Understanding Islamic finance

From Prospect.org: During Elena Kagan's confirmation hearings, conservatives accused Kagan of being sympathetic to imposition of strict, Taliban-style Islamic law in the United States because an Islamic-finance study program was established at Harvard University during her time as dean. (more...)

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Big role for Islamic finance (Video)

From Theasset.com: Bank Negara Malaysia governor Zeti Akhtar Aziz discusses how the global Islamic finance industry is expanding and the role it will play in helping fund the massive infrastructure development and investment projects in Asia. (more...)

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Zimbabwe: Is there scope for Islamic Banking?

From Newsday.co.zw: The state of the financial sector in Zimbabwe up to 2008 would no doubt have brought into sharp focus ssues of morality/ethics/faith in finance. Was it moral or ethical for such a large number of people to wish wealth into existence without any underlying productive activity happening, some may ask?  (more...)

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Qatar International Islamic bank seeks 81 pct stake in Bank Of Britain

From Bernama: Qatar International Islamic Bank (QIIB) wants to raise its holding in Islamic Bank of Britain to a "significant stake" by offering to buy new shares, Qatar News Agency (QNA) reported. (more...)

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Mashreq Q2 profit tumbles on higher provisions

From Tradearabia.com: Dubai-based Mashreq's second-quarter net profit more than halved from the previous year as the lender booked higher provisions against bad loans. (more...)

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Saudi Arabia sees jump in private sector lending

From Arabianbusiness.com: Bank lending in Saudi Arabia bounced back in June to record its largest monthly gain since August last year and the second-highest growth since late 2008, the latest data from a Riyadh-based Jadwa Investment showed. (more...)

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Al khaliji looking to complete IBQ due diligence in 8 weeks

From Gulf-times.com: Al khaliji expects due diligence on International Bank of Qatar (IBQ) to be completed in eight weeks, according to its top official. (more...)

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Al khaliji advisers to report on IBQ merger in 4 weeks

From Qatar-tribune.com: Al khaliji , which started retail banking operations in the country in 2008, has appointed a team of advisers to assist in a fair evaluation of the pros and cons of the bank’s proposed merger with the International Bank of Qatar (IBQ), a senior bank official has said. (more...)

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Ahlibank eyes fast growth in next five years

From Gulf-times.com: Ahlibank has laid out a five-year plan to expand its traditional distribution channels including branches, CEO Salah Murad has said. (more...)

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Turkish businessmen seek to establish joint banks in Syria

From Globalarabnetwork.com: Turkish businessmen on Thursday expressed interest in entering the Syrian banking market, and to take part in the efforts to establish private or joint banks with their Syrian counterparts. (more...)

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US consumer, energy good picks for Islamic investors

From Alrroya.com: US consumer and energy stocks offer good buying opportunities to Malaysian Islamic investors seeking exposure to global emerging market growth, a fund manager said on Thursday. (more...)

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Latham, Skadden and Hogan Lovells advise on $3.5bln Qatar development finance deal

From Legalweek.com: Latham & Watkins, Skadden Arps Meagher & Flom and Hogan Lovells have taken roles relating to Qatari Diar Finance's $3.5bn (£2.2bn) bond offering, as part of Qatar's plan to target international finance to fund domestic development. (more...)

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