Posted on 23 December 2009 by Laxman | Email|Print
Dr Ali Mohayeddin al-Qaradaghi, a professor of Islamic jurisprudence at Qatar University, said that the local Islamic insurance market has lots of expansion opportunities since “every policy holders with the conventional insurance firms is willing to turn to the Takaful scheme”…………………………………..Full Article: Source
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
“We need to improve products and become more innovative to serve the needs of the industry by providing the right products at the right time,” Shaikh Khalid Bin Zayed Al Nahyan, chairman of Salama said…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Indiatimes.com: Italian insurance giant Generali is considering a possible joint venture with the Qatar Islamic Bank (QIB) in the high-growth sector of Islamic insurance, or Takaful, Generali said on Tuesday.
Generali chief executive Sergio Balbinot said in a statement that the partnership could create “a leading player for Takaful business in the Gulf” with the potential to expand operations across Europe and Asia…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Dow Jones: Italy’s Assicurazioni Generali SpA has signed a preliminary agreement with Qatar Islamic Bank SAQ and a subsidiary to look into forming a joint venture in the Takaful insurance sector.
The joint venture would combine Generali’s technical skills in insurance, QIB’s knowledge of the market and Beema skills in Takaful, a joint statement said Tuesday…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Alibaba.com: Indonesia’s finance ministry has set an indicative target of 3 trillion rupiah ($316 million) for its retail sukuk bonds due to be sold in February, Rahmat Waluyanto, head of the ministry’s debt office, said.
The sukuk, or Islamic bonds, are part of an array of debt instruments aimed at retail, institutional, and foreign investors, as the finance ministry plans to borrow 175.1 trillion rupiah in 2010 to fund its budget deficit and repay maturing bonds…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Islamonline.net: The government of Abu Dhabi and the UAE Central Bank stepped in with a $10 billion bailout offer for the state-run Dubai World, which has recently been in debt.
Out of the allocated amount, $4.1 billion is meant to take care of the World’s immediate debt obligations comprising Shari’ah-compliant bonds (sukuk) of the Nakheel, the property development arm of the company, which was due on December 14, the announcement date…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Ameinfo.com: The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 200%.
Subscriptions worth BD10m were received for the BD5m issue, which carries a maturity of 182 days…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Arabianmoney.net: The enormous bad publicity surrounding Nakheel’s $3.5 billion sukuk or Islamic bond repayment this month has exposed these debt instruments as nothing more than unsecured commercial bonds, with no recourse to underlying assets in the event of a default.
There is, of course, an irony in that Nakheel actually repaid its sukuk in full and on time thanks to the last minute intervention of the Abu Dhabi Government which dropped the Dubai Government a $10 billion lifeline…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Menareport.com: Al Salam Bank-Bahrain has scored yet another achievement in innovative Shari’acompliant products by exclusively designing the Takaful-principle-based credit card which came as a result of extensive researches and studies conducted by the Bank’s team.
The Bank has successfully obtained the necessary legislative approvals for this unique product from both the Central Bank of Bahrain and the Bank’s Shari’a Supervisory Board, and is working for its launch shortly…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From CP: The Bank of Nova Scotia said Tuesday it has been approved to set up independent operations in Dubai’s financial district, making it the first Canadian bank to do so.
The licensing clearance from the Dubai International Financial Center allows the bank’s ScotiaMocatta division to open an independent branch in one of the Middle East’s hubs for international finance…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Tradearabia.com: The UAE’s National Bank of Fujairah has appointed Vincent Cook as the new chief executive officer on Tuesday, a statement on the Abu Dhabi bourse website said.
Former chief executive Steve Mullins stepped down in November 2008 without explanation, and Michael J Connor had been acting CEO since April…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Dubaichronicle.com: In recognition of its commitment to delivering creative, innovative and relevant products and services that raise the bar across the Islamic banking industry, Dubai Bank was presented with the “Best Marketing/Advertising Campaign” award for its Kunooz Savings Programme at the 2009 Islamic Business and Finance Awards held recently in Dubai.
Dubai Bank was among many contenders ranked for their exceptional performance, especially during the current period of global financial volatility…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Gulf-daily-news.com: Kuwait Finance House-Bahrain (KFH-Bahrain) received the “Best Islamic Wealth Management” award at the Islamic Business and Finance Awards 2009 organised by CPI Financial.
“We are proud to receive the ‘Best Islamic Wealth Management Award’ as it is a manifestation of the hard work and innovation that KFH-Bahrain employees are known for,” KFH-Bahrain managing director and chief executive officer Abdulhakeem Alkhayyat said…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Iloubnan.info: The head of Islamic banking development projects at ESA believes that Islamic banking is still at its early stages in Lebanon.
In Lebanon, Islamic banking is at early stages and just started developing a few years ago. However, the first Islamic bank in Lebanon, Al Baraka, dates back to the 70s, but lacked a legal mechanism for its development. Today there are several Islamic banks; the newest is Blom development, a subsidiary of Blom bank…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Kippreport.com: Shariah compliant Islamic insurance company carves a niche with its innovative products and solutions customized for the region.
SALAMA-Islamic Arab Insurance Co. (PSC), one of the region’s leading Islamic insurance (Takaful) companies, is marking three decades of excellence in the region, reinforcing its market leadership with its range of solutions to cater to the insurance sector across the region and beyond…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Khaleejtimes.com: Stock market operator Dubai Financial Market PJSC, or DFM, made an offer on Tuesday to buy rival Nasdaq Dubai for $121 million to expand its asset class offering and raise additional revenue.
The offer to acquire 100 per cent of Nasdaq Dubai comprises $102 million in cash and 40 million DFM shares. Nasdaq Dubai is an international financial exchange that currently lists shares, derivatives, exchange-traded commodities, structured products Sukuk, or Islamic bonds, and conventional bonds…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Tradearabia.com: Dubai must raise funds to feed its mushrooming debt but the Gulf emirate dreads imposing taxes to avoid breaking a business model that helped turn it from a lazy fishing town to a regional trade and tourism hub.
Selling some prized assets appears to be an easier option, said analysts…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Btimes.com.my: Malaysia will offer two scholarships to eligible Qataris to pursue the Chartered Islamic Finance Professional programme at the International Centre for Education in Islamic Finance in Kuala Lumpur next year.
Raja Muda of Perak Raja Dr Nazrin Shah, in announcing this yesterday, said two research grants will also be awarded to Qatari researchers by the International Syariah Research Academy for Islamic Finance…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
Posted on 23 December 2009 by Laxman | Email|Print
From Globalarabnetwork.com: A gathering for Arab finance decision makers must be held annually for the sake of developing the Arab financial markets, Syrian Finance Minister Mohammad Al-Hussein said on Tuesday.
This came during his speech to the fourth annual meeting for Union of Arab Securities Authorities (UASA) which began here with the participation of 13 Arab states, including Kuwait…………………………………..Full Article: Source
|
|
Play - Download this article | | | Play - Download Full Briefing | | | Subscribe to the Podcast Feed |
RSS
