From Energyrisk.com: Trading on Malaysian commodity exchange Bursa Malaysia’s Shariah-compliant commodity trading platform - Bursa Suq Al-Sila’ - began today.

The platform will facilitate commodity-based Islamic financing and investment transactions under the Shariah principles of Murabahah, Tawarruq and Musawwamah…………Full Article: Source

From Bernama: Bursa Malaysia is working on introducing viable multi-currency and other commodity trades very soon on the Bursa Suq Al-Sila, formally known as Commodity Murabah House. Bursa Suq Al-Sila means commodities market in Arabic.

The first commodity to be traded in the market was crude palm oil which saw trasactions worth RM200 million exchanging hands on the first day, said its Chief Executive Officer, Datuk Seri Yusli Mohamed Yusoff…………Full Article: Source

From Gulf-times.com: Bonds sold by Dubai state-owned companies rose to near their highest levels in a year on speculation the emirate may achieve a “friendly” early restructuring of corporate debt.
The Dubai government’s move to reorganise state-owned Dubai Holding and speed up the issuance of the second-half of a $20bn bonds program is encouraging investors that Dubai will be able to provide cash to companies struggling to refinance maturing debt…………Full Article: Source

From Thestar.com.my: The successful issuance of US$4.5bil conventional bonds and sukuk by Petroliam Nasional Bhd (Petronas) could see large companies tapping the dollar bond market.

Analysts said large companies with high enough credit ratings and were well-known internationally would attract sufficient interest…………Full Article: Source

From Thenational.ae: Nakheel bonds rose to their highest price in more than a year this week as speculation increased that the Dubai Government-controlled developer will repay a US$3.52bn (Dh12.93bn) debt due in December.

Investors in Nakheel’s $3.52bn Islamic bond could profit handsomely if the company pays off the debt as scheduled, analysts say…………Full Article: Source

From Reuters: Uncertainty over the world economic outlook is changing Middle East gold buying behavior, with individuals seeking bars and coins as a buffer against hard times, rather than snapping up jewelry for aesthetic reasons.

Investors are following those in the rest of the world into gold, partly compensating for lower consumption from the region’s traditional retail demand base…………Full Article: Source

From Btimes.com.my: The government is drawing up new long-term plans for the financial industry, with Islamic finance as the centrepiece, to help the economy grow further.

Second Finance Minister Datuk Seri Husni Hanadzlah said the major thrust of these blueprints are to have the necessary structure to position Kuala Lumpur as an international centre of origination and distribution of diverse financial instruments…………Full Article: Source

From Btimes.com.my: ASIAN Finance Bank Bhd (AFB), one of the three Islamic banks from the Middle East here, will not apply for the two foreign “mega-Islamic” bank licences that Bank Negara Malaysia is offering this year, its chief said.

“We are interested, but not at the moment,” chief executive officer Datuk Mohamed Azahari Kamil told Business Times after signing a financing deal in Kuala Lumpur yesterday…………Full Article: Source

From Tradearabia.com: Islamic lender Kuwait Finance House (KFH), said on Monday it had won a verdict against the ministry of justice, opening the way for it to finance private real estate investment in the country.

KFH is the Gulf’s second largest Islamic lender…………Full Article: Source

From Thestar.com.my: Malaysia is seeing signs of improvement that may translate to a fourth-quarter positive growth.

Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said early numbers show clear signs of improvement but it was too early to tell which quarter the country would return to positive growth…………Full Article: Source

From Tradearabia.com: Islamic International Rating Agency (IIRA) has assigned Shari’ah Quality Rating of AA (SQR) to Dawood Islamic Bank Limited (DIBL).

The rating reflects IIRA’s opinion that DIBL conforms to very high standards of Shari’ah compliance in all aspects of Shari’ah quality analysis…………Full Article: Source

From Tradearabia.com: The outlook for Bahrain’s banking system is negative and credit conditions will remain tough, but lenders probably don’t have to raise new capital, ratings agency Moody’s Investor Services said on Monday.

Banks in Bahrain have seen profits decline as they take provision against a rise in loan defaults, with private Saudi groups Saad and Ahmad Hamad Algosaibi & Bros (AHAB) the most prominent companies to undergo debt restructuring…………Full Article: Source

From Tradearabia.com: Bahrain is one of the fastest growing economies in the Arab world, said a major country report on Bahrain’s economy.

Low inflation and sensible fiscal policies are driving the kingdom’s growth engine, said the report, carried out by the Dubai School of Government (DSG) and published by the Cairo-based Economic Research Forum (ERF)…………Full Article: Source

From Globalresearch.ca: The manager of an Afghan firm with lucrative construction contracts with the U.S. government builds in a minimum of 20 percent for the Taliban in his cost estimates. The manager, who will not speak openly, has told friends privately that he makes in the neighborhood of $1 million per month. Out of this, $200,000 is siphoned off for the insurgents.

If negotiations fall through, the project will come to harm — road workers may be attacked or killed, bridges may be blown up, engineers may be assassinated…………Full Article: Source

Saudi Hollandi Bank (Saudi Hollandi) is one of the leading banks in Saudi Arabia. The bank is engaged in the provision of commercial and Islamic banking services to corporate and individual customers.
Saudi Hollandi offers Shariah compliant banking and finance solutions through its collection of Islamic products & services. The bank has a network of 43 branches, 8 Ladies Sections,………..Full Press Release: Source