Gulf State to have single Shariah Council
Board to standardise Islamic finance by 2013
Bloomberg
Published: 00:00 June 11, 2010


A region-wide Sharia council is "not a far-fetched reality" since there is a pool of experts in the United Arab Emirates, said Hussain Hamed Hassan, head of Dubai Islamic Bank's Sharia committee and chairman of the Shariah Coordination Committee of the Islamic Financial Institutions in the UAE. Read More...
Needed now: Islamic SWFs
New milestone should include borderless benchmark-sized funds, promoting multiple assets, passive investing and a growing takaful industry
By Rushdi Siddiqui, Special to Gulf News
Published: 00:00 May 20, 2010


SWFs may have exposure to Shariahcompliant investments, but not by design, as the universe of compliant opportunities is alleged to be smaller, with an inability to utilise derivatives to mitigate risks or borrow/short to enhance returns. Read More...
Islamic bank assets set to reach Dh14.6tr by 2020
Industry urged to address poor corporate credit
Gulf News Report
Published: 00:00 May 21, 2010


Dubai: Industry analysts at the International Islamic Finance Forum 2010 predict that the value of assets managed by Islamic banks will grow to Dh14.6 trillion ($4 trillion) by 2020. Read More...
 
IDB board decides to raise capital, reelects Mohamed Ali as president
SHAHEEN NAZAR | ARAB NEWS
Published: Jun 28, 2010 00:02 Updated: Jun 28, 2010 00:02 


JEDDAH: The subscribed capital of the Islamic Development Bank (IDB) has been increased from ID16 billion to ID18 billion.

The decision was taken by the bank’s Board of Governors its 35th annual meeting which was held in Baku, Azerbaijan, June 23-24. Read More...
QIB invests $343m in sukuk for debt market
Assets bound by an eight-year lease contract
Zawya Dow Jones
Published: 00:00 June 21, 2010

Dubai: Qatar Islamic Bank, or QIB, said Sunday it has invested 1.25 billion Qatari riyals ($343.2 million, Dh1.26 billion) in an Islamic lease sukuk issued by the country's central bank, as Doha attempts to develop its domestic debt market. Read More...
NBAD successfully issues first Sukuk
The transaction had a strong distribution across a wide investor base with a breakdown of fund managers 48.3%, insurance companies 21%, financial institutions 19.9%, government agencies 8.6%, and other corporations 2.2%
By WAM
Published: 23:53 June 23, 2010


Abu Dhabi: The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, successfully issued its first Sukuk (Islamic bonds) and first issuance denominated in Malaysian ringgit (MYR). Read More...
Saudi investment projects on course 
By KHALIL HANWARE | ARAB NEWS 
Published: May 19, 2010 13:26 Updated: May 19, 2010 13:40


RIYADH: Minister of Finance Ibrahim Al-Assaf pledged Tuesday the government's resolve to continue to implement its investment program despite the recent fall in oil prices. Read More...
Next  
Print