Bahrain Financial Harbour: Business Location in the Middle East
According to Omar Al Mardi, Managing Director, Bahrain Financial Harbour, Bahrain depends on direct foreign investment. However, when there is political instability there is risk of having little...
View ArticleCMA finalizing rules for foreign stock ownership
The Capital Market Authority is finalizing a regulatory framework which will allow foreigners to directly own stocks in Saudi Arabia, though the market has no need for liquidity from international...
View ArticleDubai may issue sovereign bond in 2013
Sheikh Ahmed bin Saeed al-Maktoum, advisor to Dubai's ruler, has said the emirate may issue another sovereign bond in 2013. He also said the government is looking at alternate means to repay its debt...
View ArticleNigeria: NDIC Okays Jaiz Bank’s Deposit Liabilities
The Nigeria Deposit Insurance Corporation (NDIC) said yesterday that it has assessed the deposit liabilities of Jaiz Bank Plc, and that in a couple of weeks, the bank will start paying premium as...
View ArticleGCC banks close dual-currency deal for Asya
A consortium of Gulf-based banks has announced the successful closing of a $230.5 million and a euros 115.3 million syndicated dual-currency Murabaha financing facility for Turkish Bank Asya. Launched...
View ArticleIslamic Development Bank President reiterates support for Somalia
The President of the Islamic Development Bank Group, Dr Ahmad Mohamed Ali has stressed that the IDB would cooperate with the Government of Somalia in a bid to rebuild and consolidate the public finance...
View ArticleIslamic finance: Attractive for non-Muslims?
It is often claimed that Islamic finance is not only for Muslims, sending the message that the market potential of Islamic finance is far greater than just the global population of Muslims. However,...
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Islamic Microfinance in Yemen: Challenges and Opportunities
In an effort to foster hope and stability among Yemen’s por, Al-Amal Microfinance Bank is working to introduce a range of Sharia-compliant microfinance products aimed at reaching the unbanked....
View ArticleBIMB to deliberate on Bank Islam stake by end-May
The board of BIMB Holdings Bhd is set to deliberate on Dubai Financial Group LLC's (DFG) sale of a 30% stake in Bank Islam Malaysia Bhd. BIMB's group managing director and CEO Johan Abdullah said that...
View ArticleCan Dubai Become The World’s Leading Islamic Business Hub?
Dubai recently announced that its latest aspiration was to become the leading Islamic business hub in the world. Under the umbrella of Islamic finance, the emirate is hoping to provide the best...
View ArticleTamkeen, Family Bank launch 'Mantoojati' initiative
Tamkeen and Family Bank announced the launch of 'Mantoojati', a joint initiative aimed at enhancing the growth and sustainability of productive families in Bahrain. Through "Mantoojati", the...
View ArticleCan Islamic Microfinance spur Inclusive Prosperity?
Ensuring the provision of financial services to the poor can address the challenge of poverty alleviation. A large portion of the poor population, however, is excluded from formal financial services....
View ArticleIDB hopes for closer ties with IFSB
Islamic Development Bank (IDB) president Dr Ahmad Mohamed Ali Al Madani suggested four key areas for the Islamic Financial Services Board (IFSB) to focus on durich his keynote address at the 10th IFSB...
View ArticleDubai Public Prosecution to adopt My Savings initiative
'My Savings' is a new initiative announced by the Government of Dubai in collaboration with National Bonds Corporation. During the introductory session on the goals and mechanism of the initiative,...
View ArticleIslamic Microfinance research study initiated in Yemen
AlHuda Center of Islamic banking and economics (CIBE) Initiated a Islamic Microfinance research study for Yemen Microfinance Network (YMN) in Yemen. This study will be conducted in Yemen's capital...
View ArticleThomson Reuters Launch Islamic Finance Indicator With The Islamic Corporation...
Thomson Reuters has launched an Islamic Finance Development Indicator in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector development arm...
View ArticleIslamic finance needs global sharia board – IDB president
The Islamic Development Bank (IDB) has called for the creation of a global sharia advisory board that can offer greater uniformity for the Islamic finance industry. A centralised format to the...
View ArticleGI-TH roll out RM150m Shariah-compliant fund
Guidance Investments (GI) has launched a RM150 million Shariah-compliant investment fund for equipment leasing for the Saudi Arabian market in partnership with Lembaga Tabung Haji (TH). This Tabung...
View ArticleCrowell & Moring Cairo advises ADIB-Egypt on Islamic finance deal
Crowell & Moring's Cairo office has advised the Abu Dhabi Islamic Bank-Egypt in connection with an Islamic finance facility extended to Maridive and Oil Services SAE. Abu Dhabi Islamic Bank- Egypt...
View ArticleKFH-Research: Participation banks growing rapidly in Turkey
KFH-Research issued a report stating that participation banks (Islamic banks) in Turkey form 5.2% of banking assets and will reach 10% by 2018, since those banks surpass the rest of the banking sector...
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